3 October 2007
What financial planning issues need to be considered by any individual acquiring a new gender?
Bankhall chief blasts Towry Law's attack on Aifa as members rally in support of trade body
Change really is afoot at the moment. With the undertones (not the band, sadly) of the RDR dictating advisers every move at the moment, maybe it has prompted changes across the board. Or maybe it’s just that time of year when people look for new opportunities.
Alliance & LeicesterTwo-Year Base Rate Tracker 5.79%
Bright Grey's director of distribution helped to set up the firm from scratch and has succeeded in taking business from other protection product providers but is now looking to build up sales in the mortgage sector with a training programme for brokers and is also planning a foray into the business protection market. Interview by Gregor Watt
Claim handlers may be turning their attention to trust-based pensions
Arc Capital & IncomeBull & Bear Tracker Plan 3
Equity income manager Graham Ashby joined Credit Suisse this week as managing director and head of UK retail equities from Sarasin Chiswell.
The Bank of England’s Monetary Policy Committee voted today to maintain the official bank rate at 5.75 per cent.
The silver lining in the bank funding crisis is the lessons it has taught us about risk
David Cameron has branded Gordon Brown’s record on pensions his “worst legacy” and pledged not to let him forget it.
Chartwell has acquired Bristol-based firm Broadoak for an undisclosed sum.
The CII has called on the industry to streamline the structure of financial services qualifications.
Lord Lipsey's comments on compensation should sound a warning to IFAs
It is all too easy to lay the blame for the problems experienced by Northern Rock on a wide range of factors but we do need to analyse the situation carefully and reach conclusions to help prevent the same circumstances occurring in future, especially the scenes of thousands of frightened investors queuing outside bank branches.
The more observant among you might have guessed I was away last week.
The Chancellor has warned the current credit crunch is likely to have an effect on the UK economy and is set to down-grade his growth forecasts for 2008.
The recent announcement from Legal & General that it was looking to enlist the help of The Samaritans in training its tele staff certainly caught my eye . It struck me that perhaps once they are through with L&G they could lend a hand in the mortgage industry too, where shortly we will see a suicide watch list emerge.
The first of two articles spells out the recent changes to the IHT reporting regime for lifetime transfers
This week's billion dollar losses announced by Deutsche Bank and profit warnings from UBS and Citigroup have shed more light on the extent of the crisis emanating from the US sub-prime market, according to F&C.
As autumn descends on the UK once more it appears that any possible lull in the office is well and truly over, as silence from what has been a MoneyMarketing skeleton crew in the past couple of weeks has been replaced by the hustle and bustle as all of our reporters catch up on their respective patches.
Friends Provident and Resolution look set to close the deal to create Friends Financial Group with the date of the merger set for November 29, 2007.
The FSA has appointed Chris Pond, currently Chief Executive of the National Council of One Parent Families as director of financial capability, a new position within the FSA.
The FSA says it is looking into reports that Royal London charges customers thousands of pounds for exercising their open market option.
Some UK lenders are withdrawing their 100 per cent mortgages. Tanya Powley looks at what this means for the industry and consumer choice
GMAC-RFC has announced - during today's pre-budget report - that it will be closing its sub-prime subsidiary High Street Home Loans and cutting around 266 jobs.
A 16-strong group of fee only IFAs are lobbying the FSA for the creation of an independent, fee only adviser category.
New model adviser businesses are worth more money than companies that run on traditional models, according to consultant FP Advance.
With election fever now yesterday’s lunch all eyes are on Alistair Darling’s first pre-Budget report and Comprehensive Spending Review with plenty expected for the industry to digest.
The Money Marketing Live conference and exhibition at Manchester's G-Mex on October 30 will once again feature the Investment Arena, where industry experts will talk about the challenges facing advisers. You can also win a Mazda MX-5 roadster sponsored by Edeus
Brick and mortar have held up well but cracks have been appearing in funds invested in property shares, says James Phillips
The Isle of Man has been ranked ahead of offshore competitors Channel Islands, Cayman Islands and Bermuda in The City of London’s Global Financial Centres Index.
What with the gloomy market conditions and several mortgage commentators solemnly forecasting the demise of a number of lenders in the coming months, it is nice to have some positive news.
Former GMAC-RFC founder Stephen Knight has told Money Marketing that his first two lending ventures through Checkmate Mortgages will see one focused on just the intermediary channel with the other only focused solely on the packaging market.
The FSA's handling of the Northern Rock affair has revealed its weaknesses
Lyxor Asset ManagementLyxor ETF South Africa - FTSE JSE TOP 40 Index
LyxorAsset ManagementLyxor ETF India - S&P CNX NIFTY
Meteor Asset Management has brought out a fourth issue of its prima growth plan, a capital-protected bond that has an early maturity feature.
As we hurtle towards November 1, which heralds the arrival of the mighty Mifid, I am becoming interested in what distributors and manufacturers are doing to meet the requirements of this huge European directive.
The FSA has come under heavy fire from the Treasury select committee for failing to answer questions about the Northern Rock debacle and accusations the regulator briefed the media against the Bank of England.
Thinc wealth management director Tim Parsons considers that many advisers are being taken in by the lure of a so-called shift in the way of doing business and he sets out the elements of structure that are needed to be successful in the future
New Star has announced plans to soft-close its heart of Africa fund once the product reaches £100m.
Alistair Darling's announcement that he will withdraw capital gains tax taper relief could cause serious damage to small companies like IFAs, warns tax consultant Chiltern.
The introduction of an 18 per cent flat rate for Capital Gains Tax could give investment firms the green light to launch new capital based investments to attract clients, according to Mazars Financial Planning CEO Paul Willans.
Alistair Darling has announced that he will consult on levying tax charges on non-domiciled UK residents who have lived in the UK for seven years.
HM Revenue and Customs has announced as part of the pre-Budget report that the use of derivatives can be treated as investing rather than trading.
The Treasury's discussion paper on reform of the offshore funds regime proposes allowing offshore funds to invest any amount in non-distributing funds.
The Tories kicked off the pensions week in fine style by pledging to pay back victims of collapsed pension schemes within three months of the Party returning to office.
The Chancellor Alistair Darling will present the pre-Budget report and the outcome of the Comprehensive Spending Review to the House of Commons next Tuesday at 3:45pm.
It is just possible that all the folk at the regulator have had a very sharp reminder of what their day job is, following the run on Northern Rock.
Investors concerned about a US recession could move to a defensive position but a better bet in the long term would be a balanced portfolio which can ride out market conditions, says Will Henley
Emerging markets are in good shape to withstand any weakness in the US
FSA head of investments, small firms division, Jonathan Fischel says advisers must and assess individual needs carefully when recommending a Sipp
Skipton Building SocietyThree Year Fixed Rate Mortgage
Standard Life InvestmentsEuropean Ethical Equity Fund
Generally speaking, I have always tried to steer clear of writing about payment protection insurance in this column. PPI is not a product that, traditionally, has generated much interest from IFAs, so, a bit like current accounts, there does not seem to be much point in harping on about the subject more than once or twice a year.
Mortgage guru Stephen Knight has teamed up with Kensington founder Martin Finegold to launch Checkmate Mortgages Limited, a vehicle for creating and owning mortgage lenders.
FundsNetwork head of sales and marketing Rob Fisher charts a course to help advisers review with-profits bond investments
Nils Taube has managed institutional and retail funds since 1969 and has built up a track record of consistent long-term outperformance in the global equity markets, delivering compound annual returns of between 14 and 15 per cent over 38 years. This means that if you had invested £10,000 with him in 1969, it would now be worth in the region of £1.5m.
John Bruce, a senior solicitor at City law firm Reynolds Porter Chamberlain, looks at the chain of events that led from the US sub-prime crisis to lines of anxious savers queuing outside Northern Rock branches this month
Will Henley reports on the fall in average age for equity-release clients
I'm sure you're all eagerly anticipating Chancellor Darling's Pre-Budget Report, due to be delivered hand in hand with the Comprehensive Spending Review at 3.45pm today, but first take some time out to get on top of this week's protection news.
Lord Lipsey's admission that many pension and endowment policyholders may have been wrongly compensated will come as little surprise to advisers, who have paid the price of 'false memory syndrome'. By John Lappin
The Government has announced the appointment of Tim Jones as chief executive of the Personal Accounts Delivery Authority.
I have been discussing, over my last couple of articles, the possible reasons for clients to transfer from one money-purchase pension contract to another.
A Treasury Select Committee Report has urged the Government to launch a national saving gateway to encourage low-income individuals to save by matching their contributions.
A lot may ride on a life policy being written in trust so why are so few clients harnessing them? By Will Henley
In the words of Warren Buffett, it is often advantageous to 'be fearful when others are greedy and greedy when others are fearful'. The last few months have been volatile for global equity markets and we have tried to play that to our advantage.
Tom McPhail makes a persuasive argument for choosing to invest in a Sipp
Lord Lipsey's remarks suggesting that some people lied to get compensation by pretending not to remember conversations in both the pension and endowment reviews have provoked outrage among advisers.
West Bromwich Building SocietyBuy to Let Tracker – BBR + 0.29% for 2 years