4 August 2011
Is it a price worth paying for the sake of a few more quid in Aifa’s coffers?
John Greenwood says the impact of people having to work longer could result in an increased rate of mental health problems.
Ian McKenna assesses the mobile technology options for IFAs.
Paul Hogarth says the FSA should be commended for being committed to the RDR initiative and its deadline.
Alan Lakey says justice in financial services does not exist.
Aifa says it will not expel loyal members and refuse them representation just because the regulator has changed the goalposts.
Aifa’s stance on restricted advice gives IFAs lobbying power, says Cicero Consulting’s Iain Anderson.
Neil McCarthy says the protection market could learn from the sunscreen industry about identifying risks and providing solutions for individuals.
Paul Thomas asks if the Greek debt crisis and threat of a US downgrade will be a temporary blip or a perfect storm for the UK mortgage market.
Advisers have welcomed the regulator’s decision to delay the increase to firms’ capital adequacy requirements by a further two years.
The treatment of provider payments to both advised and non-advised platforms will be considered by the FSA as part of its proposal to ban the payments.
The FSA has delayed its decision on whether to ban cash rebates from platforms to clients and declared its intention to ban all payments between providers and platforms.
The Government looks set to reject Lord John McFall’s recommendation to cap pension scheme charges at 1.5 per cent ahead of automatic enrolment.
Advisers reassured they can apply adviser-charging to pensions post-RDR after FSA incorrectly told roadshow delegates they cannot.
Some Isa managers are likely to be caught up in the definition of a platform because an Isa is classed as a tax wrapper rather than a retail product.
JP Morgan will consider launching a low-cost fixed-income active fund when the company expands its lowcost active range.
Philip Gibbs and Guy de Blonay, Jupiter’s financial fund managers, have both sold a large amount of their bank holdings and moved into cash.
Industry figures warn a lack of clarity over platform rules and legacy business is putting the RDR deadlines in doubt.
Former Liontrust duo say they want to run a business with £10bn of assets in the next 10 to 15 years.
We need a trade body that is as strong and as well resourced as possible to ensure the interests of advisers and their clients are properly represented.
Multi-managers Architas and OPM Fund Management are looking to Asia for growth on the back of the poor economic outlook for the developed world.
“If the FSA platform paper comes out late this afternoon, my copy will very quickly have beer stains all over it.”
The definition of a platform has been changed following concerns that defining it as an administration service provider would incur VAT liabilities.
The platform industry and associated firms face total one-off costs of £55.4m and £48.4m annually to comply with its platform policy statement.
Platforms have been told they must consider how they will treat orphaned clients who no longer want to deal with their adviser, especially when they have no direct-to-consumer offering.
Becket is introducing frontier markets exposure into his £13m balanced managed fund.
Accountancy firm BDO says the RDR is consistent with the FCA’s objectives, as long as a simplified advice regime is developed and IFA numbers do not fall significantly.
The FSA has not set a timescale for re-registration of assets on platforms despite industry feedback on maximum registration periods.
Bright Grey’s propositions director Roger Edwards feels the so-called ’gentle death’ of the protection sector is exaggerated.
Tenet has launched a wrap of wraps which gives advisers access to all major platform providers.
Rachael Adams analyses the perils and attractions of unregulated collective investment schemes as the regulator continues its crackdown.
As the court case brought by Towry against Raymond James comes to an end pending a decision in October, Sam Macdonald reports on proceedings.
The Treasury is introducing new sale and rentback regulation.
Ben Thompson asks whether a £20m awareness campaign promoting the intermediary sector would be money well spent.