Money Marketing
31 January 2007
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GE fined £610,000 over PPI failings
1 Feb 2007
The FSA has fined GE Capital Bank £610,000 for failing to have adequate systems and controls in place for selling payment protection insurance. The regulator is expected to take enforcement action against up to five further PPI providers.
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Group to steer FSA on retail route
1 Feb 2007
The FSA has set up a retail savings regulatory steering group to help ensure its retail initiatives are coherent and deliver a more principle-based approach to meeting its statutory objectives. Members include Standard Life's Trevor Matthews, Which?'s Doug Taylor and On-line Partnership's Stanley Lovell.
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A one-stop shop from M&G
2 Feb 2007
M&G Asset ManagementM&G Cautious Multi Asset Fund
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ABI launches guidance on ICA
5 Feb 2007
The Association of British Insurers has published a guide to the individual capital assessment regime for insurers which was updated by the FSA on 31 December 2006.
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Adviser Fund Index
1 Feb 2007
Exposure to Asia Pacific equities was reduced across all three Adviser Fund Indices at the last rebalancing in November. The reduction was 16.61 per cent in the Aggressive AFI, 18.75 per cent in the Balanced AFI and 10.82 per cent in the Cautious AFI.
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Advisers lose both ways on means-testing
1 Feb 2007
The DWP's chief economist last week used a Social Market Foundation event to warn financial advisers that they would not be doing their job properly if they advised someone to rely on means-tested pension benefits.
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Altmann warns outcome is double-edged sword
1 Feb 2007
Pension consultant Ros Altmann warns that the European Court of Justice ruling could make it more difficult to force the Government to compensate fully the thousands of pensioners who lost all or some of their final-salary schemes.
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AMI associate director Griffiths quits
31 Jan 2007
Association of Mortgage Intermediaries associate director Rob Griffiths has quit after just a year in the job.Griffiths, who joined from trade newspaper Mortgage Introducer where he was editor, is set to pursue a career back in the media.The AMI board was notified of the decision today, and Griffiths will remain with the trade body for another three months, with AMI set to scour the market for a replacement in that time.
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AMI caught in Paymentshield trail row
1 Feb 2007
The Association of Mortgage Intermediaries has been reluctantly dragged into the furore over Paymentshield's decision to cease paying trail commission to retired advisers.
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Applications up by 40% at Hamptons
1 Feb 2007
Hamptons International Mortgages saw applications increase last year by 40 per cent compared with 2005. Its parent company Emaar recorded a record annual net profit of $1.74bn (890m), a 35 per cent increase on 2005.
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Balance the scales of justice
1 Feb 2007
Alasdair Sampson, a partner at Drummond Miller, LLP, Solicitors, urges IFAs to follow the example of lawyers in Scotland to fight for a fair and just system to deal with complaints.
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Base rate back to 5% in year, predicts B&B
1 Feb 2007
Bradford & Bingley head of strategy and planning Peter Charles believes the base rate could fall back to 5 per cent within a year.
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Borrowers in a fix on rates
1 Feb 2007
If you are still speculating about the price of your property at dinner parties, you are sadly off the pace.
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Broker Talkback
1 Feb 2007
Do you think that Chris Cummings is taking Aifa in the right direction?
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Brokers in the frame
1 Feb 2007
Brokers have defended their corner against claims that they are operating in a comfort zone. Helen Pow reports.
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Brokers warned as lenders raise arrangement fees
1 Feb 2007
Brokers are being warned to watch out for lenders which have been increasing arrangement fees by up to £700 in January while also raising their interest rates.
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Canada Life introduces new CI definitions
31 Jan 2007
Canada Life Group Insurance are the first group provider to introduce the Association of British Insurers best practice definitions on critical illness cover.
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Capital One links up with In Retirement Services
1 Feb 2007
Capital One has entered the equity-release sector.
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Child benefit
1 Feb 2007
Child trust funds can be a tidy nest egg if people take the time to invest wisely.
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Code comfort on PPI
1 Feb 2007
There is a short answer to Julian Stevens' letter about the misselling of payment protection insurance. Before January 2005, the ordinary law of negligence and, for product providers, misrepresentation and non-disclosure applied. For General Insurance Standards Council members, the GISC rules applied. The Private Customers Code 3.2 and 3.3 would have covered this. Adam Samuel Compliance consultantLondon
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Commission warning of principle problems
1 Feb 2007
The Better Regulation Commission says the FSA's move to principles could be scuppered by supplementary guidance and compliance measures brought in by firms to replace prescriptive rules.
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Concordia agrees first exclusive with IF
2 Feb 2007
Broker alliance Concordia has agreed its first exclusive deal following its launch last November.
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Correspondent's Week
1 Feb 2007
This week by Financial Mail on Sunday reporter Andrew Foxwell.
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Credit Suisse axes multi charges
1 Feb 2007
Credit Suisse is removing the initial charge on lump-sum investments into its multi-manager funds until the end of April.
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Dawnay Day Quantum - Protected China and Japan Portfolio
1 Feb 2007
Dawnay Day QuantumProtected China and Japan Portfolio
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Dawnay Day Quantum - Protected Japan Portfolio
1 Feb 2007
Dawnay Day QuantumProtected Japan Portfolio
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Derbyshire appoints RS&A for GI
2 Feb 2007
Royal & SunAlliance has today been appointed by Derbyshire Building Society as the sole provider of its buildings, contents and creditor insurance policies.
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Dual regulation fears for pension companies
1 Feb 2007
'Overkill could drive good schemes out of the market,' claims Standard Life's Lawson.
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Dunstan Thomas to provide systems to Friends Prov
6 Feb 2007
Technology provider Dunstan Thomas will be providing systems to Friends Provident to give its new generation policyholders access to a range of income drawdown options as an alternative to standard annuity settlements at maturity.
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Durrant quits Skandia for Bahrain
1 Feb 2007
Skandia Investment Management chief investment officer Alan Durrant is leaving to set up a Sha'ria asset management business for an investment bank in Bahrain. Durrant will be replaced by James Millard, who is head of multi-manager equity research.
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Eight fund firms on short list for platform award
1 Feb 2007
Eight fund management companies have been shortlisted for Adnitor's UK Platform Awards.
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Emerging global fund for Aberdeen
1 Feb 2007
Aberdeen is setting up a Luxemburg-domiciled global emerging markets smaller companies fund. It will be run by Aberdeen's global emerging markets team, headed by Devan Kaloo.
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Europe and Asia lead way in commercial property boom
1 Feb 2007
Inflows into commercial property rose by 333 per cent in 2006, reaching a record high of £338bn as investors piled into the asset class.
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Face value
1 Feb 2007
The stark realities behind the proposed £50m generic advice service.
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Fees of 40 fund firms top 1.75%
1 Feb 2007
Almost 40 fund firms have AMCs of at least 1.75 per cent on one fund in their range.
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Fidelity treads multi-asset path with caution
1 Feb 2007
Fidelity has brought out its multi-asset strategic fund, a fund of funds providing exposure to equities, bonds, property shares, commodities and cash.
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Fight for pension redress goes on despite EU ruling
1 Feb 2007
PPF burden could soar for firms after European Court of Justice decides UK pension compensation is inadequate.
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Final-salary changes confirmed by insurer
1 Feb 2007
Standard Life has confirmed plans to switch staff with final-salary pension schemes to schemes based on their average salary to reduce its pension deficit.
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First-time buyers face repo risk as rates rise
1 Feb 2007
Interest-rate rises could have a crushing effect on first-time buyers who face being hit by growing repossessions.
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Fitch warns that repossessions could go on rising
5 Feb 2007
Fitch Ratings has warned that borrowers’ affordability problems are worsening, which could lead to further increases in arrears and repossessions.
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FOS warns over fraudulent emails
31 Jan 2007
The Financial Ombudsman Service has warned that fraudulent emails claiming to come from the FOS are currently circulating.
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Foster Denovo could be set for MBO split from Tenet
1 Feb 2007
Foster Denovo is set to break away from the Tenet Group in a management buyout just 14 months after its launch, Money Marketing understands.
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Free fall
1 Feb 2007
"My advice is free." How often have you said this to prospective clients or had clients come to you after another adviser said this to them?
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Frontal globe
1 Feb 2007
Standard Life Investments saw an awful lot of hard work come to fruition in 2006, with many of its UK funds showing blistering returns. It is not only in the UK where you can see the improvement. Its overseas funds have also made a strong showing.
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FSA adviser fee burden rises 10 per cent
6 Feb 2007
The FSA fee burden for advisers is to rise 10 per cent to pay for FSA staff retraining as a result of the move to principles, IT improvements and a greater investment in financial capability.In the FSA’s 2007/2008 business plan, the fee rates affecting most advisers will rise by 10.3 per cent which reflects a 13.4 per cent increase in the fee block’s annual funding requirement, a 4.4 per cent increase in tariff data and a 8.6 per cent increase in its population compared to the previous ...
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FSA announces new director
5 Feb 2007
The FSA has appointed Lesley Titcomb as director of its regulatory transactions division.Titcomb joined the Securities and Investments Board in 1994 and since then has held a wide range of posts covering both regulatory and operational issues at both the SIB and FSA.She will report to managing director of the regulatory services business unit David Kenmir.The director level vacancy arose following the creation of the financial crime and intelligence division announced recently ...
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FSA partly to blame for TCF failures
1 Feb 2007
I have some reservations over the FSA's treating customers fairly initiative - not the concept, just the initiative - but I had to do a double-take on the article headlined, FSA warns of enforcement action on TCF.
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FSA says don't rely on 15-year long stop
1 Feb 2007
The FSA is telling firms that it is inappropriate and misleading to rely on the 15-year long-stop defence when time-barring endowment cases.
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FSA warns of need for better stress testing
31 Jan 2007
The FSA has warned firms to improve the stress testing of their businesses after its risk report highlighted the greater impact a shock could have in the next 18 months.While the FSA says the overall outlook for the global economy continues to be benign, its Financial Risk Outlook for 2007 identifies an increasing risk it will be more unsettled.It says key factors creating this warning include increasing geopolitical risks, increasing complex financial markets and the combination ...
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FSCS burden to remain high
2 Feb 2007
Financial Services Compensation Scheme levies will remain high for advisers next year but there is a drop in the burden for the levy group containing the bulk of advisers.Contribution group A13, for brokers that do not hold client monies, will see a £5.1m year on year reduction in its 2007/08 levy from £47.1m to £42m.Group A12, for brokers holding client monies, sees a dramatic increase in the levy from £1.5m to £11.2m.FSCS spokeswoman Heather Tilson says endowment mortgage ...
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Garrett-Cox quits Morley for role at Alliance Trust
1 Feb 2007
Katherine Garrett-Cox is leaving Morley after less than three years at the fund group.
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Generic guide
1 Feb 2007
Aegon UK chief executive Otto Thoresen is leading the Government's new taskforce on generic financial advice and here he sets out the aim on improving financial capability and inclusion by complementing the IFA market.
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Get training, not Asbos
1 Feb 2007
At the tail end of last year, I accepted a number of invitations from the FSA to attend a series of roadshows covering mortgages, investments and treating customers fairly at the Heathrow Hilton. For any normal practitioner, these roadshows would provide not only valued continuing professional development but an insight into the mindset of the regulator.
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Going for gold
1 Feb 2007
Every medium-sized and large growth portfolio should have an exposure to gold in uncertain times like the present.
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Group therapy
1 Feb 2007
Industry figures are getting together to discuss key issues and find solutions.
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Harborough exec will keep job after sending 'inappropriate' email
1 Feb 2007
A building society executive at the centre of a storm over homophobic comments has kept his job.
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Hargreaves Lansdown shows the value of trail
1 Feb 2007
Advisers believe that a £600m valuation of Hargreaves Lansdown as it looks at a stockmarket flotation or sale reflects the value of basing a business on recurring income.
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Harrison slams Suisse
1 Feb 2007
Threadneedle head of UK equities Leigh Harrison has slammed Credit Suisse for not making the most of Bill Mott during his time at the firm.
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Harrison to launch new Platform
2 Feb 2007
Positive Solutions executive chairman David Harrison is setting up Platform, a new company he says will revolutionise the financial services market.
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Heading for the exit
1 Feb 2007
Guy Anker says brokers have welcomed the FSA's crackdown on exit fees.
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Helm Godfrey profits up 54 per cent
5 Feb 2007
National IFA Helm Godfrey has announced a 54 per cent annual increase in pre-tax profits from £403,000 to £620,000.
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IFA Consortium to sign fifth member
1 Feb 2007
The IFA Consortium expects to sign up a fifth member in the next quarter.
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In the zone
1 Feb 2007
Most of the current evidence suggests that European companies are generally in excellent shape.
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Increased DC regulation will hit smaller schemes, says Aegon
5 Feb 2007
Aegon has warned the Pensions Regulator that an increase in regulation for DC schemes could discourage work-based pensions provision, particularly among smaller firms.
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Isis Equity Partners - Baronsmead Aim VCT -C Share Issue
2 Feb 2007
Isis Equity PartnersBaronsmead Aim VCT -C Share Issue
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IT glitch hits brokers using Nationwide's new platform
1 Feb 2007
Nationwide has pledged to rectify a technical glitch that means brokers using the latest Microsoft web browser are unable to access its new trading platform.
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Jelf to pay up to 10m for health firm
1 Feb 2007
Jelf Group has bought emp-loyee benefits and healthcare business SPS Wellbeing in a deal that could cost up to 10m.
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JPMorgan Asset Management - JPM Global Equity Income Fund
1 Feb 2007
JPMorgan Asset ManagementJPM Global Equity Income Fund
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Key and Thinc in equity release link
1 Feb 2007
Thinc Group has linked-up with Key Retirement Solutions in an equity release referral deal.
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Law firm Michelmores launches FS practice
5 Feb 2007
Michelmores Solicitors has launched a financial services and markets practice, operating out of the firm’s London and Exeter offices.
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Lenders face huge bill for exit fees
1 Feb 2007
Mortgage lenders face paying out hundreds of millions of pounds in customer refunds in an FSA crackdown on exit fees.
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LibDems call for repossession code of conduct
1 Feb 2007
The LibDems have called on the Government and lenders to discuss an effective code of conduct to guard against repossession levels getting out of control.LibDem Shadow Chancellor Vince Cable says the rapid rise in repossessions documented in the CML’s recent figures is worrying but still underestimates the severity of the problem.The CML revealed repossessions were up 65 per cent from 10,310 in 2005 to 17,000 in 2006.But Cable says around four times as many repossession orders ...
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Lime sees 133% profit increase
2 Feb 2007
Lifetime Insurance Mortgage Experts, or Lime, Tenet’s mortgage and insurance network has reported a 133 per cent increase in gross profit in their last financial year.
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Liverpool Vic withdraws income protection plans
1 Feb 2007
Liverpool Victoria has withdrawn three of its income protection contracts from the market, leaving only two providers in the locum IP sector.
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M&G will not hedge bets on cautious fund
1 Feb 2007
M&G says the exclusion of commodities and hedge funds from its new cautious managed multiasset fund will not undermine the diversification benefits of its investment approach.
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Means test clash is threat to IFAs
1 Feb 2007
The issue of advice on pension personal accounts has been thrown into further confusion after the FSA and the DWP issued conflicting messages to advisers about their duty to consider the means-testing entitlement of clients.
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Melton Mowbray BS buys stake in packager
2 Feb 2007
Melton Mowbray Building Society after the Melton bought a stake in packager Praxis.
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Miller leaves New Star
6 Feb 2007
New Star chief investment officer Alan Miller has left the firm by mutual consent.
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Mixed signals
1 Feb 2007
Overall, this market remains buoyant, despite mixed signals emerging from a variety of sources.
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Mobile marvel
1 Feb 2007
Last week's wintry weather hit many in the country but Chase de Vere Mortgage Management director Nick Gardner suffered an unusual consequence.Working in T-shirt and shorts from his Blackheath home due to the snow which crippled London's transport network last week, Gardner found reception on his mobile difficult and the only way he could hear anyone was to stand on his coffee table. Maybe he was preparing for his trip to Australia, given his attire.
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MP Butterfill bids to strengthen mutuals
1 Feb 2007
Conservative backbencher Sir John Butterfill is to table a private member's bill in Parliament aimed at improving the competitiveness of building societies and making it easier for mutuals in different sectors to merge.
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Mugs game
1 Feb 2007
Thanks, we think, to marketing agency Space01, which could well win the prize for most difficult to use PR gift to a newsdesk so far this year. (I know, it is only February).Two members of the newsdesk got lovely but somewhat confusing gifts in the form of Space01 mugs, with the handles on the inside. Is this some zany marketing trick that we hacks are not yet attuned to?
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My beautiful wrap - Making Hay
1 Feb 2007
FS3 has always embraced an open-architecture approach by looking to differentiate between the costs of the tax wrapper, the underlying investment and the advice.
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Name change for Investec value fund
1 Feb 2007
Investec is changing the name of its UK value fund to UK special situations from March 3. The firm says the new name reflects the way the fund is run by Alastair Mundy and team.
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Neptune Investment Management - Green Planet Fund
1 Feb 2007
Neptune Investment ManagementGreen Planet Fund
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Neptune Investment Management - India Fund
1 Feb 2007
Neptune Investment ManagementIndia Fund
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Neptune Investment Management - UK Special Situations Fund
1 Feb 2007
Neptuen Investment ManagementUK Special Situations Fund
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New attack on Dampier over asset allocation
1 Feb 2007
Selestia/Skandia head of investment marketing Graham Bentley has accused Hargreaves Lansdown head of research Mark Dampier of attending the "Vicky Pollard Institute of Asset Allerkation".
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New Star to launch retail version of its international commercial property fund
2 Feb 2007
New Star is launching an onshore version of the group’s international direct commercial property fund, which it says is a first of its kind in the UK market. The New Star international property fund will be the first to allow UK retail investors to hold international direct commercial property in an FSA authorised retail fund within a tax-efficient manner.The fund group says the FSA modified its rules following discussions between the two, which enabled it to structure the ...
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Northern Rock upbeat over lending prospects
1 Feb 2007
Northern Rock predicts that gross mortgage lending will hit £360bn this year despite fears from some commentators that the sector could contract.
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Norwich Union new business volumes rise by 25 per cent
6 Feb 2007
Norwich Union has announced total UK life and pensions new business volumes have increased by 25 per cent from £9,185m in 2005 to £11,507m in 2006.
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NU backs India to boost service standards
1 Feb 2007
Norwich Union has revealed plans to expand its call centres in India despite its recent decision to move more jobs back to the UK.
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Nucleus signing up IFAs
1 Feb 2007
Nucleus Financial Services has signed up its eighth IFA with Stockton firm WR Financial.
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Online service gives free healthcheck and advice
1 Feb 2007
Liverpool Victoria is offering an advisory service and free online healthchecks to all new protection policyholders.
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Out of Context
31 Jan 2007
"See, she even gets her good looks from me."
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Overseas openings
1 Feb 2007
The global economy entered 2007 having seen its strongest period of synchronised growth since the Second World War. Strong growth combined with low levels of inflation and interest rates created a very favourable backdrop for investors.
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Paternoster fund deals hit £300m
1 Feb 2007
Defined-benefit consolidator Paternoster has been selec-ted by pension fund trustees as the annuity provider for schemes totalling £300m in 2006.
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Pensions Regulator in first action to ban trustee
1 Feb 2007
The Pensions Regulator has banned the chairman of the trustees of Ericsson's employee benefit scheme from acting as a trustee of any trust-based pension scheme.
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Personal account hybrids slammed
1 Feb 2007
The DWP has floated the idea of the private sector developing hybrid top-up policies to run alongside personal accounts.
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Pioneer Friendly Society - Pure Protection
1 Feb 2007
Pioneer Friendly SocietyPure Protection
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Platform progress
1 Feb 2007
Adnitor consultant Eric Welsby looks at the development of intermediary platforms and invites advisers to vote in the company's Platform Awards.
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Poor Abbey PR Charles Ansdell...
1 Feb 2007
Poor Abbey PR Charles Ansdell had the fright of his career when a less than observant MM hack sent him an email about a lunch meeting on February 22, not realising it was in fact January 22 at about 3pm. His response was: "Bejeezus, that had me worried for a second. Never send PRs emails titled 'Lunch on the 22nd' when it is the 22nd post-lunch. I had visions of you tapping your watch while All By Myself blasted out." Duly noted, Charlie.
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Precipice precedents
1 Feb 2007
Paul McMillan looks at past cases to assess how successful the FSCS is likely to be in reclaiming compensation for precipice bond misselling from providers.
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Product matters
1 Feb 2007
When a new fund launches, there is always a period of reflection from the rest of the industry as they wait to see if the product is viable.
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Protection marketer quits Friends
1 Feb 2007
Friends Provident head of protection marketing Ian Jefferies is leaving the firm after 24 years. He is understood to be moving to general insurance firm Fortis.
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Protection prize
1 Feb 2007
Protection continues to be one of the fastest-growing areas of the life and pension market and one where e-commerce is having the greatest impact.
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Pru cracks 575m Egg sell-off
1 Feb 2007
Prudential has sold its internet banking arm Egg to Citigroup for 575m in a surprise U-turn.
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Pru extends serious-illness plan after test
1 Feb 2007
Prudential is withdrawing its old critical-illness plan and offering a new flexible protection plan to the whole of market.
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Quality purveyors
1 Feb 2007
Richard Fox, chief executive of the Society of Mortgage Professionals, says competence, qualifi-cations and informed advice are vital qualities in the equity-release sector.
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Question of trust over Sipp provision
1 Feb 2007
Jan Regnart's article provides a valuable and informed insight into some of the reasons why many providers of self-invested personal pensions appear to have delayed submitting their application for FSA authorisation. However, the issues she describes so accurately do not apply to a small number of Sipp providers that are already regulated and have been so since Sipps were first launched back in 1988.
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Raising the stakes
1 Feb 2007
In the first of two articles on the NPSS, Norwest Consultants principal Harry Katz says neither the pension industry nor the Government seems to have learned from the stakeholder saga.
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Record £13.5bn inflows for M&G
1 Feb 2007
M&G saw record gross inflows of £13.5bn last year, up by 70 per cent on 2005. Retail fund inflows rose by 75 per cent to £6.7bn, supported by strong performance across its UK equity and property funds.
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Release rates to rise
1 Feb 2007
Equity-release providers are pricing too low and rates will have to rise significantly over the coming months, says Retirement Plus managing director Duncan Young.
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Repossessions reach six-year high and are set to rise further
31 Jan 2007
Property repossessions rocketed by 65 per cent last year, with 2006 representing a six-year high.
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Richard Wastcoat
1 Feb 2007
The managing director of Fidelity International has a dual role in running one of the biggest fund managers and developing the firm's platform, FundsNetwork, as well as having the tough task currently of helping to pick a replacement for special sits star Anthony Bolton. Interview by Gregor Watt.
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Rock may pay proc for remortgages
1 Feb 2007
Lender looks at extending full fee to brokers for refinancing customers.
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Rocketing repos to go on rising
1 Feb 2007
Property repossessions soared by 65 per cent last year and there are predictions that the figures will be almost double 2005 levels within three years.
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Rocky road
1 Feb 2007
If you ever visit Philadelphia you will no doubt be drawn to perform your very own remake of the Rocky Balboa shout of "I'm a contender" on the steps of the town hall, a moment in life that's fun to do, but uncomfortable to be reminded of in the future.
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Royal London sales rise by 10%
1 Feb 2007
Royal London Group saw new life and pension business rise by 10 per cent in 2006, growing from 1.8bn in 2005 to 1.99bn, on a present value of new business premiums basis. Bright Grey's new business volumes fell by 6 per cent from 163m in 2005 to 154m in 2006.
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Singing the blues
1 Feb 2007
Chris Salih examines some of the factors that are helping mid-caps to consistently outperform the FTSE 100.
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Sipp firm waives fees on transfers
1 Feb 2007
EBS Management, the pension arm of Charles Stanley, has waived fees on transfers to its self-invested personal pension before the onset of regulation in April.
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Six more Fidelity funds open to Isas
1 Feb 2007
Fidelity has made a further six of its Luxemburg-domiciled funds available to Isa investors. They are Asian special situations, emerging markets, Latin America, America, Euro blue chip and international bond.
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SJP develops wealth account so clients can view all assets
1 Feb 2007
St James's Place is developing its wealth management account so investors will be able to view assets held with other providers.
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Smith & Williamson drinks to EIS
1 Feb 2007
Smith & Williamson is aiming to raise up to £8m for the British Country Inns 3 enterprise investment scheme.
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Standard Life chief regrets racist phrase
1 Feb 2007
Standard Life chief executive Trevor Matthews has apologised for using a racist phrase.
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Standard Life Investments - Global Reit Focus Fund
2 Feb 2007
Standard Life InvestmentsGlobal Reit Focus Fund
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Standard Life Investments - Global Reit Fund
1 Feb 2007
Standard Life InvestmentsGlobal Reit Fund
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Standard Life Investments - Global Reit Fund
1 Feb 2007
Standard Life InvestmentsGlobal Reit Fund
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Stay with Aifa
1 Feb 2007
Shortly after rejoining Money Marketing as a columnist, the editor asked me to come into the office to have my picture taken.
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Swip brings out a fund to watch
1 Feb 2007
Scottish Widows Investment PartnershipSwip Diversified Assets Fund
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Take the wheel
1 Feb 2007
A client seeks more control over his pension arrangements.
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Talks on energy certificates in packs
1 Feb 2007
The Department for Communities and Local Government is to consult on the presentation of energy performance certificates in home information packs.
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Tax crackdown on final-salary cash incentives
1 Feb 2007
The Revenue is to tax cash incentives offered by employers to persuade workers to transfer out of final-salary pension schemes.
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'TCF in danger of adding too much red tape'
1 Feb 2007
Any positive benefits resulting from the move towards principles-based regulation could be cancelled out by industry guidance and firms' own compliance procedures brought in to support the treating customers fairly initiative, warns the Better Regulation Commission.
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Tenet confirms Foster Denovo sale
1 Feb 2007
Tenet Group has confirmed the sale of Foster Denovo to the national IFA’s management team led by Keith Carby.The deal, first revealed in this week’s Money Marketing, sees Carby remaining as executive chairman of Foster Denovo and therefore leaving the Tenet board.Tenet says the deal was agreed amicably and helps align the Group’s companies to those more closely matching its long term strategy.Foster Denovo is applying for direct authorisation with the FSA and will continue ...
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The Reit generation
1 Feb 2007
Simon Hildrey says the new tax-efficient property investment vehicle introduced earlier this month is expected to become the most popular structure for property funds despite the high costs of conversion and continuing attractions of offshore funds.
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Threadneedle property team has an eye for high yield
1 Feb 2007
Threadneedle Investments is launching a retail fund that invests directly in high-yielding UK commercial property.
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Threesixty to host post A-Day pension seminars
31 Jan 2007
threesixty is staging a series of seminars over the next month on pensions in the post-A Day world.
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Total lifetime mortgage lending fell in 2006, says CML
1 Feb 2007
The number of new lifetime mortgages increased in 2006 but the value of new lending fell, according to the Council of Mortgage Lenders.
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Trail and retribution
1 Feb 2007
The pressure is also mounting on Paymentshield to reverse its decision to stop paying trail commission to advisers no longer regulated by the FSA.
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Turning point
1 Feb 2007
The Government snatched away hopes of the promised land of pensions.
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Union deal scrapped by Towry Law
1 Feb 2007
Towry Law is ditching trade union client FDA for not fitting with its new focus on clients earning over £100,000 a year.
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Warning over lenders' annual interest calculations
1 Feb 2007
Moneyfacts has warned of lenders that use annual interest that ends up costing customers dear.
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Warning that life firms could lose over 5bn
1 Feb 2007
Morgan Stanley warns that 5.5bn of life insurers' investment bond and pension business is under threat due to the growth of wrap platforms.
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Winds of change
1 Feb 2007
Poor Kevin Carr. The Lifesearch protection guru came back from holiday two weeks ago to find the worst of all disasters at home.
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Winning formula
1 Feb 2007
All parties would win if advisers turned to a system of annual management fees.
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Wrapped attention
1 Feb 2007
Selection of an appropriate wrapper can make a significant difference to the performance of a portfolio.




