4 July 2007
Equity-release plans are rapidly growing in popularity as people look to release capital tied up in their homes to fund an active retirement, reports Will Henley.
The roles of the bodies charged with delivering personal accounts.
Only limited grandfathering likely.
Seven Investment Management is launching a new independent trading company, moving beyond its current status as a division of Killik & Co.
Aegon Asset Management is to widen its property business after poaching leading Morley fund managers Philip Clark, Gerardine Davies and David Wise.
The Association of Independent Financial Advisers has challenged the FSA’s discussion paper on the Review of the Prudential Rules for Personal Investment Firms which claims prudential rules may not be incentive enough for firms to stop misselling.
While the industry has been thrown into the midst of the Retail Distribution Review, Gartmore has made its own strides to change the fortunes of its US fund range by replacing Gil Knight and co with Denver-based Marisco Capital Partners.
Those of us engrossed by the BBC2 TV series Rome will have watched Brutus and his pals plunge their daggers repeatedly into Julius Caesar. Despite their deadly intent, however, he takes an unconscionably long time to die.
Arc Capital & IncomeBull & Bear Tracker Plan 2
Arc Capital & IncomeBull & Bear Tracker Plan 2
Informed Choice managing director Nick Bamford says proposals in the retail distribution review could be designed to crush small adviser firms and suggests the FSA is conspiring to get rid of these firms.
Alliance & Leicester International sales and marketing manager Simon Ripton looks at how offshore providers are trying to meet the specific banking needs of the expatriate community.
Defaqto warning that investors will expect more from their advisers.
The new PM claims he wants to put housing as a top priority but many figures in the mortgage business say he had the chance to help in his 10 years as Chancellor but just heaped on more tax. Tanya Powley reports.
Last week's FSA capital adequacy paper saw the regulator asking itself as well as the industry more than a few difficult questions with plenty of room for some ominous sounding notes aimed the way of advisers.
A fund can sometimes prove too popular but is soft closure the answer?
Concerns are mounting over the numbers of interest-only borrowers failing to take out repayment vehicles but it seems a risk that many are willing to take to get on the ladder, says Samantha Downes.
New Chancellor Alistair Darling has hit out at mortgage brokers and lenders for offering fixed-rate deals on only a short-term basis to maximise profits rather than selling longer-term mortgages which could help tackle the affordability crisis.
Dominion Fund ManagementDominion Chic Fund
Eclectica Asset ManagementCF Eclectica Agriculture Fund
Edeus Income Buy-To Let: Two YEar Fixed
EdeusMedium Adverse Two-Year Fixed
Equitable Life chief executive Charles Thomson has been reprimanded by the Faculty of Actuaries and found guilty of bringing the industry into disrepute for faking the character reference from his former employer.
Last week felt tired so far as the investment community was concerned. Little emerged in the way of hard news but perhaps it was the absence of City traders as they held their annual pilgrimage to SW19. Fortunately, I was subjected to some positive comments as the week progressed. Even so, it was a week when you felt obliged to reassess your views on markets as a whole.
A leading compliance consultant has answered the FSA’s discussion paper on capital adequacy arguing the FSA should not act until it finds evidence the amount of capital adequacy and level of misselling are related.
FSA starts enforcement action against five sub-prime mortgage firms as it publishes review on market
The FSA has found poor practice by intermediaries and lenders within the sub-prime market and has, as a result, started enforcement action against five firms.
The FSA has set out its first discussion proposals for significantly increasing capital adequacy levels saying it wants firms to pay claims out of their own resources rather than falling on the FSCS.
With the FSA now having shared its thinking on the future of distribution with the world, the industry can engage fully in the debate. At this point, I think it is important to ask who advice is designed to serve.
The RDR does not tackle conflicts of interest and could be counter-productive.
Virgin Money's new managing director is back home at the company she helped to develop and the key to her plans for growth is widening distribution by opening up the firm's products, including a new mortgage, to the intermediary market. Interview by Gregor Watt.
Chris Salih on JP Morgan's move to a more transparent pricing structure.
Lyxor Asset Management, a subsidiary of Societe Generale, has brought two commodity exchange traded funds to the UK market.
Meteor Asset ManagementPrima Growth Plan 2 - dollar version
Adviser is re-energised by the annual Million Dollar Round Table meeting.
New Star has completed the transfer and rebranding of the Tilney European growth fund to launch the New Star European value fund.
Money Marketing’s No Advice No Protection campaign is revelling in victory. The FSA’s latest Icob review consultation paper, which was released Friday before last, represents a clear win, as long as the FSA sticks to its guns.
It was (possibly) a sad day for the pensions industry as secretary of state for work & pensions John Hutton and pensions minister James Purnell were both moved out of the pensions arena as part of Prime Minister Gordon Brown’s cabinet reshuffle.
Our panel say HMRC has acquired a massive amount of data from banks to use in its £1bn disclosure investigation.
Brian Tora, principal of The Tora Partnership, says investment trusts and closed-ended funds in general can offer a wide range of advantages for investors.
More platforms are adding offshore funds to their range, which could see them become mainstream for advisers. Simon Hildrey reports.
Nicola York and Nicole Blackmore discuss with some leading industry players the proposals contained in the retail distribution review discussion paper and their chances of being implemented.
With the outlook for inflation uncertain, inflation-linked bonds offer a hedge for wary investors.
Resolution is to launch its fourth boutique in the shape of a multi-manager joint-venture with former Fidelity managers Chris Ralph, Jason Collins and Simon Mungall.
Those of you who have read this column on several occasions will know that I am a keen film fan. Last week, as we attended the retail distribution review conference, it was a bit like being at a movie which had been subject to last-minute editing.
Royal London Asset Management has hired Derek Mitchell to take on the management of the firms new UK special situations trust.
Offshore fund series moves on to look at the features of non-distributor funds.
SEI has announced the launch of the first dedicated Islamic manager of managers equity funds.
SGAM Alternative Investments has made three US equity funds available to UK investors under the Ucits III rules.
Standard Life has cut the unit prices of five of its property fund by 6.7 per cent in the wake of mounting cash flow problems.
It's been a fairly eventful week for the mortgage industry what with another rise in interest rates and the news that the FSA had started enforcement action against five brokers for poor practices following its review of the sub-prime market. Who would have thought we had just entered the usually quiet month of July?
Threadneedle Investments has expanded its equity income fund range with the introduction of the global equity income fund.
A client asks for explanation of the modern portfolio theory for assessing returns in relation to risk taken.
UBS Asset ManagementUS 130/30 Equity Fund
In the run-up to personal accounts, employers must be encouraged to maintain existing provision.