5 April 2006
FSA in warning to firms after mystery-shopping exercise
So A-Day is finally upon us. At the time of writing, not all rules were in place but most IFAs should have had enough information to advise clients on most issues.
French wealth tax Allan Holmes and Jerome Barr warn that France's annual tax based on an individual's net worth can come as a big cultural and financial shock to British people moving across the Channel
Bananas IncFirst National Three Year Fixed Rate Mortgage
Retirement planning Scottish Life International marketing manager Douglas Law says offshore bonds offer a highly flexible and tax-efficient option for high-net-worth individuals looking to supplement their retirement savings above the new lifetime limit
AIG Life has added two multi-manager-style multi-asset funds to its best of breed Active Access open-architecture platform.
Broker concerned about new accreditation adding further confusion to 'alphabet soup'
So Ben Bernanke raised US interest rates last week by another 0.25 per cent. Rates are now higher in the US than they are here and expectations are for a further rise, perhaps as soon as May. The background to the increase - the 15th consecutive rise in less than two years - is the robust health of the US economy but there are some straws in the wind that suggest the pace of growth could be slowing.
Credit Suisse Asset Management is preparing to add the Marlborough ethical fund to its CS multi-manager ethical portfolio.
The latest indebtedness scheme shows that credit-scoring is an inexact science
The news that Millfield is in discussions with a prospective buyer has sparked a debate on the benefits that arise from insurance companies taking stakes in distrib- ution firms.
We are on our own when it comes to building a pension fund
Nicola York looks at the latest moves which are bringing the big brands into lifetime mortgages
How can we get away from the price preoccupation in the protection sector?
Complaints are making my illness worse but I would rather go to jail than pay a case fee'
Skandia has produced a product which is ideal for the cautious investor and those prepared to take a limited risk. It is called the protected portfolio investment averaged return.
The challenge for our industry is to deliver flexible, secure and inflation-proof retirement income
Pressure is mounting on the regulator following Money Marketing’s No Advice, No Protection campaign, calling for clearer warnings to be added to protection products that are sold without financial advice.
HSBC Bank InternationalCommodity Growth Fund
Insight Investment's multi-manager team is focusing its alternative asset exposure on niche areas such as agricultural commodities and Chinese private equity.
Leeds Building SocietyThree Year Fee Free Fixed Rate Offset Mortgage
Continuing an analysis of the Fuji v Aetna case, which examined the meaning of life insurance
The key to analysing funds is being able to distinguish between fund manager skill and luck. This remains the most challenging part of our role and, while there are a number of academic papers that purport to provide some quantitative assistance, debate rages about their dependability. It is worthwhile reviewing some of the evidence.
Lomax says Misys could not achieve price that reflected value of business
Morgan Stanley Investment ManagementSicav Asian Equity Fund
Morgan Stanley Investment ManagementSicav Global Value Equity Fund
Morgan Stanley Investment ManagementSicav US Small Cap Growth Fund
Morgan Stanley Investment ManagementSicav World Equity
Nationwide Building SocietyTwo Year Fixed Rate Mortgage
Nationwide Building SocietyTwo Year Fixed Rate Mortgage
In a recent issue of Money Marketing, Paul Broadhead, the deputy director general of the Association of Home Information Pack Providers, said: "It is now time for those who have been so busy speaking out against Hips with misguided negativity to put their energies into improving the housebuying and selling process."
In the second of a series on the IFA Guide to Working With Accountants and Solicitors, Sifa managing director Ian Muirhead looks at the rules governing client referrals and commission sharing
It beggars belief that someone who made money from their investment should be compensated'
Pink Home LoansAmber Homeloans Feather Adverse 1.75% Discount
Our panel consider in depth the financial position of expatriates coming back to the UK
There may be some initial problems so we are asking advisers not to log on all at once'
Henderson Global Investors' CEO says corporate wrangles mean he has not been able to concentrate fully on Henderson as a fund management business but now it has got his full focus and he is determined to deliver on investment and distribution. Interview by Philip Scott
Based on my long experience of the IFA community, its most common defining characteristic is its paranoia.
We will need to devote bigger share of our national income to social care'
IFAs are ideally placed to ensure the long-term survival of an NPSS
Focused stockpicking funds can avoid problems caused by the underperformance of the mega-caps
Smith & Williamson Investment ManagementNucleus Enterprise Fund
Financial planning is all about helping people live the life they choose
The pattern of distribution is certainly changing . We have seen BBB go into administration. We know Millfield is talking to a potential buyer and that Misys has decided not to sell Sesame.
I have wittered on for months about the confusion caused to consumers following the introduction of depolarisation. How on earth is the man on the street expected to understand how an independent, multi-tied or whole-of-market adviser differs from an introducing appointed representative? There is no point assuming that they will read the official bland-looking disclosure documents as my own experience shows that they will reach for the glossy sales brochure first.
After what seems like an eternity of waiting, and two years later than originally envisaged, A-Day is finally here. Our focus now shifts from preparing for the transition to simpler pension legislation to maximising its benefits for consumers while making business sense for providers.
In an industry where much 'new' business is poached or recycled, greater efforts must be made to improve client retention, says Teamspirit managing director Joanne Parker
The WoolwichThree Year Capped Rate Mortgage
Last week the hallowed tome that is the Oxford Dictionary was put to the test by the industrys splits compensation scheme.
The revelation that over 40 per cent of advisers are not handing the Initial Disclosure Document or the menu over to customers has come as a major blow to the sector.
In my last article, I outlined the financial planning situation of a married couple - Stuart and Jane - who separated due to an irretrievable breakdown in their marriage. In that article, I suggested the more frequent use of Department for Work and Pensions forms BR19 and BR20 to ascertain the value of the basic state pension and state second pension. In this article, I will look more closely at these individuals' other pension arrangements.
Change could be the air in the property market, says Guy Anker