4 February 2010
“With cheap SVRs under threat, a huge potential remortgage opportunity is starting to emerge. But to be fair, it has been there a while only many consumers have not realised it.”
Aviva has cut initial commission on its stakeholder pensions by nearly a quarter from a maximum 3.36 per cent to 2.52 per cent.
Barclays Wealth Intermediaries third-party distribution director Roland Kitson has called for IFA portfolio planning tools to incorporate structured products more in their models.
Three points that need addressing to revive UK protection.
Julian Marr wonders how much China and Venezuela have in common.
Bundled products could be banned after the European Commission branded them “anti-competitive” and “unfair”.
“Automating as many parts of the advice process as possible is going to be crucial to working profitably in the new environment.”
Providers and advisers have rebutted recent comments made by Hargreaves Lansdown chief executive Peter Hargreaves that structured products should be outlawed.
’Fraud has happened although not often. The good news is that it has been put right in every instance - and quickly. The system works from an investor’s perspective’
The FSA quizzed Standard Life about its marketing of “cash” funds over a year before the outcry which followed the revaluation of the firm’s pension sterling fund.
Google has launched a mortgage lead-generation facility in the US, prompting speculation that it may make a similar move in the UK.
Judges will be exempt from massive tax charges incurred as a result of pre-Budget report changes to how final-salary pension benefits are calculated.
John Greenwood says the FSA needs to take group pensions out of the scope of the RDR.
Sanlam UK’s chief executive is building up the South African company’s presence in UK financial services with selective partnerships and acquisitions and he considers the RDR to be a bonus as it is likely to lead to a shift in value to the client and the distributor
Macquarie Funds Group has failed to raise sufficient funds for the launch of its first structured product in the UK market.
Meteor is understood to be the front runner to acquire the investment book of Keydata’s own structured products and associated admin.
The FSA appears to have woken up to the pivotal role that platforms will play in the retail distribution review and the clarity needed over their position.
Alan Lakey warns of the Olympic-style costs of the RDR.
Origen is to pass corporate annuity clients with pension funds worth under £50,000 to Legal & General and Partnership Assurance.
John Woolley, director of Technical Connection, sets out in detail the effect that the forthcoming changes contained in the Perpetuities and Accumulations Act 2009 will have on by-pass trusts and pension schemes.
Tracey Scott reports on why some advisers either use a variety of platforms or are reluctant to use any.
A private equity firm has used a Serious Fraud Office database of email contacts to drum up prospective business after the SFO revealed the email details in a bulk mailout.
Fair Investment Company investment administration manager Julie Smith believes structured product providers may become less dependent on sales through the intermediary channel.
Product providers have urged the FSA to address issues relating to structured deposits which have fallen outside the remit of the retail distribution review.
Nic Cicutti says wraps may be the final battleground in which up-front commission is likely to play a major role.
Sheriar Bradbury says service must come before sales for new IFA business models.
Investec head of intermediary sales for derivatives and structured products Gary Dale says the FSA needs to make a clearer distinction between counterparty and investment risk in its review of structured products.
“If we step back for a minute, will we not be better served by helping the regulator do their job by assisting where we can?”
Even income stalwarts are erring on the side of caution after a troubled time in 2009.
Chelsea Financial Services managing director Darius McDermott says UK equity income remains central to his strategy but diversification is important as the sector risks becoming over-concentrated
This week James Smith interviews Aberdeen’s equity head Hugh Young.
Milestone’s Neil Mumford says his firm’s gamble with Axa’s Elevate platform has paid off.
Fund managers give their tips for finding income outside of the usual suspects.