4 November 2010
Aifa sets out its stall following the recent RDR coverage in Parliament.
John Lawson says the £140 state pension would take time to implement.
Inflation is a genie notoriously difficult to rebottle, so when governments encourage inflation they are playing with forces beyond their power to control easily.
Nic Cicutti says Aifa’s comments about free distribution are a misconception of the proper relationship between manufacturer and retail distributor.
Chris Gilchrist says he is depressed by the big revival in CAR products.
US tax rules could hit funds with a 30 per cent penalty if they fail to comply with disclosure rules, IMA warns.
Union to ballot members on £2.5m cost saving measure.
Aifa has argued against the FSA allowing grandfathering as part of the RDR, saying it would leave clients confused about the standards of advice.
It is impossible for the FSA to implement regulatory dividends for IFA firms under its current fee system, says Lansons’ Richard Hobbs.
Personal Finance Society chief says IFAs are clutching at straws if they think the recent political RDR interest will lead to it being watered down.
Independent commission to decide how payments will be divided between 1.1 million non-with profit annuitants
HMRC rejects concerns that members could face an unexpected tax hit.
IFA claims delays in switching a client’s pension pot resulted in a loss.
Advisers may fall foul of employment law if they are not clear about what will happen to employees who fail to achieve QCF level 4.
Lowes Financial Management says Skandia’s stance on risk-rating funds could lead to “significant capital losses” by exposing clients to unsustainable yield levels.
State Street Corporation was appointed a day before it revealed a subsidiary had settled out of court in a dispute over US public pensions.
Standard Life says its calculations suggest membership of Nest could fall as low as one million.
OFT review outlines problems attracting customers and increasing market share.
Providers and advisers may be unable to meet the April 2011 deadline.
Newton higher-income manager Tineke Frikkee rejects Hargreaves concerns about the use of income-generating derivatives in her £2.7bn fund.
Life and pensions firm “weeks away” from completing due diligence.
Strong life and pensions performance but protection business slumps.
Communications firm reveals initial impact of Government reform.
Individual Sipps grow by 21 per cent as UK business increases 10 per cent.
Boutique delays launch of fund until next year.
LibDem Treasury spokesman Lord Newby has amended his controversial position on the future of IFAs following outcry.
Upper tribunal says CF1 application form is poorly designed and overturns FSA decision to refuse IFA application for director approval.
LibDem MP John Thurso says RDR should be focused on ensuring a clear divide between independent advice and sales.