3 November 2011
Neil Rolfe and Andrew Bailey say advisers must be prepared for the wide-ranging tax changes from the RDR.
Kira Nickerson asks if there is enough diversity in the global emerging markets sector.
Chris Gilchrist says many advisers will be happy to offer a restricted advice service as the RDR gets closer.
Paul Farrow says the FSA must be applauded for tackling the income drawdown space.
How is the platform getting prepared for the FSA’s new rules.
Eddie George offers tips for advisers trying to transfer their back office systems.
Regulator must ensure new charging rules are implemented effectively for independent and restricted advisers.
Nic Cicutti says that Gill Cardy has a number of barriers to breakthrough to make her breakaway IFA trade body a success.
Steve Bee says a mass boycott of reforms could result in the emergence of long-term savings products that have been designed for the 21st century.
Mortgage experts ask if the housing minister is out of touch with the mortgage market.
The ABI has called for the PRA’s statutory insurance objective to protect consumers before they become policyholders to be removed.
The ABI says the FCA’s proposed new product intervention powers should be scrapped.
Providers are paying significant sums of money to distributors as part of longterm distribution deals arranged ahead of the RDR.
Coventry Building Society says mutuals’ increasing share of the mortgage market is likely to stall as banks’ access to wholesale funding improves.
FSA chief executive Hector Sants has told MPs he is not responsible for any of the regulatory failures that affected consumers during his tenure.
Giving the FCA a primary competition objective would blur the line between regulators and the competition authorities, says Nationwide BS.
IFAs who re-register client assets too often after the RDR could find their platform due diligence process under FSA scrutiny, according to Calastone.
DWP staff have lost 154 laptop computers since 2006.
Martin Wheatley says the FCA should not have the power to pre-approve products.
The FSA wants to change the basis on which it calculates firms’ regulatory fees from the number of approved persons to a firm’s income.
The FSA has rejected Arch cru investors’ claims that it should have consulted on the £54m compensation package.
RMBS issues are not translating into increased mortgage lending as banks are retaining a significant proportion of the funding.
HM Revenue & Customs has clarified its stance on VAT relating to financial advice, confirming that advice which includes portfolio rebalancing will be VAT-exempt.
Pension firm has linked up with Vestra Wealth to offer Sipp investors access to the discretionary fund manager’s investment portfolio.
JP Morgan head of UK retail sales Jasper Berens says the firm may look at introducing a number of specialist products in th natural resources sector.
Neil Liversidge and Gill Cardy go head to head on IFA representation.
The FSA has defended proposals to give the FCA the power to publish warning notices against firms and individuals.
Nationwide expects to see further downgrades of banks and building societies as the Government reduces its support for financial institutions.
The OECD says that policies need to be put in place urgently to stop the sovereign debt crisis from spreading.
FSA chief executive Hector Sants has called for the regulator’s board to be strengthened in an effort to improve the accountability of executives.
The Government has been accused of leaving IFAs and pension providers in “a state of purgatory”.
Standard Life’s John Lawson and Amps chairman Andrew Roberts offer their views on the Government’s decision to amend the Pensions Bill
Senior staff departures have disrupted the UK’s representation on European Supervisory Authorities, according to FSA chief executive Hector Sants.
Artemis fund manager Tim Steer expects to raise exposure to 75 per cent.
A law firm has warned that Europe’s increasingly stringent regulations and focus on consumer protection will force investors into “boring” products
TSC members have slammed Sants’ apology over the FSA’s pre-emptive rejection of the committee’s RDR report.
Senior figures at the FSA have called for changes to the statutory objectives of the Financial Conduct Authority.
Adair Turner says any moves to make regulators and their staff more legally accountable for their decisions may undermine judgement-based regulation.
UK GDP grew by 0.5% in the third quarter of the year in line with expectations, according to the latest official estimate.