Money Marketing
5 January 2012
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Independence sway
5 January 2012
EDITOR’S COMMENT OF THE WEEK
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2012: A year of challenges for Steve Webb
5 Jan 2012
Tom Selby says 2012 poses a range of challenges for pensions minister Steve Webb
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2012: Another year of mortgage uncertainty
6 Jan 2012
Paul Thomas says advisers face a difficult year if, as economists predict, the eurozone crisis takes its toll on the housing market.
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2012: Investment market hinges on eurozone solution
9 Jan 2012
Joanne Ellul says the investment industry is wary of further volatility in the European crisis
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2012: Platforms await FSA clarity on cash rebates
6 Jan 2012
Sam Macdonald says the market is waiting for FSA clarity on cash rebates.
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2012: The final RDR countdown
4 Jan 2012
Natalie Holt looks ahead at a vital 12 months as the RDR moment of truth looms for advisers.
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Advisers hit by CII exam glitches
5 January 2012
Almost 100 advisers were left unable to sit their Chartered Insurance Institute exams after problems with exam software while up to 750 advisers were hit by system delays.
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Advisers will have to pick up legal bill for pursuing Keydata IFAs
5 January 2012
The adviser sub-class will foot the legal bill for pursuing IFAs who sold Keydata products while any recoveries will be paid back to fund management groups.
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Aifa: Hopes and fears for 2012
9 Jan 2012
There are a number of loose ends that still need to be tied up regarding the RDR.
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Alan Lakey: Time for a modest FOS complainant fee
10 Jan 2012
If FOS worked within the confines of the law and a modest fee was used to dissuade opportunists, MoJ work on claims firms would not be needed.
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Are we overlooking the value of experience?
4 Jan 2012
Qualifications are important but don’t overlook experience.
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ASA probes claims in Unison pension ads
5 Jan 2012
The Advertising Standards Authority has launched an investigation into claims about public sector pensions made in a series of Unison adverts.
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Best ideas plan for MAM Funds
6 Jan 2012
MAM Funds managing director Gervais Williams is planning to launch a best ideas income product for the firm.
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Choices on affordability
5 January 2012
Lenders could have to assess affordability for interest-only loans on a capital and interest basis unless the borrower has a “clearly understood and believable” way to repay the mortgage.
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Cicutti: Is independent title worth saving?
5 Jan 2012
Nic Cicutti says the determination to keep the initials “IFA” shining brightly appears gradually to have evaporated.
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Cofunds: FSA legacy rules will create re-reg chaos
6 Jan 2012
The FSA should make re-reg a legacy-disturbing activity
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Cost could be £170m a year
5 January 2012
The total one-off cost of implementing the MMR will be between £40 and £65m.
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Court rejects Arch cru review
5 January 2012
The High Court has rejected campaigning group Justice in Financial Services’ application for a judicial review of the FSA’s Arch cru compensation package.
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FSA loses bid to stop IFA's harassment court case
5 Jan 2012
A county court has rejected the FSA’s bid to quash a case brought by a retired IFA who is suing the regulator for harassment.
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FSA sets out ban for non-advised sales
5 January 2012
Most non-advised mortgage sales are set to be banned where there is a “spoken or other interactive dialogue” between a customer and a firm.
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FSCS chairman Hall gets CBE in honours list
5 January 2012
Financial Services Compensation Scheme chairman David Hall has been awarded a CBE for services to the financial services industry in this year’s New Year’s Honours list.
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Guide clients in buoyant BTL
6 Jan 2012
Santander recently announced it was going back into the buy-to-let mortgage market with its first deals for part-time landlords since 2008. The new loans will be sold exclusively via advisers and mortgage brokers through Abbey for Intermediaries and will only be made available to borrowers that already have a residential or buy- to-let mortgage but no more than three properties in their portfolio.
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High Court rules that pension fund loans for under-55s are illegal
5 January 2012
The High Court has ruled that arrangements which allow people to access their pension fund through loans before reaching age 55 are illegal.
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HMRC berated over red tape for small firms
5 Jan 2012
The Federation of Small Businesses has attacked the Government for failing to cut red tape for small firms.
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Ian McKenna: Adviser software market is splitting in two
9 Jan 2012
Given the opportunity few adviser firms would not like the ability to in some ways emulate Hargreaves Lansdown.
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IDD to be scrapped
5 January 2012
The initial disclosure document is to be replaced with a requirement to disclose key information about a firm’s service in the first client meeting.
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Kim North: We need forward-looking regulation
10 Jan 2012
Kim North says we need more astute regulation that does not act after the event.
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Le Beau: Treasury and FSA need consistent approach to income protection
10 Jan 2012
Peter Le Beau says the protection industry needs to produce a more buyable income protection product.
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Lenders may opt for direct route
5 January 2012
The FSA predicts lenders will be incentivised to use direct-only distribution channels following implementation of the mortgage market review.
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MM Leader: Right balance for mortgages
5 Jan 2012
The FSA is to be praised for its final mortgage market review plans, which strike the right balance of guarding against irresponsible lending without unduly affecting current and future borrowers.
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MM Profile: Gervais Williams
5 January 2012
Joanne Ellul interviews MAM Funds managing director Gervais Williams.
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MMR may sound death knell for packagers
6 Jan 2012
AMI has warned the mortgage market review will be the death knell for mortgage packagers unless they radically restructure operations.
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MPs back early warnings without FCA telling firms
5 January 2012
The Financial Conduct Authority would be able to publish details of firms and individuals that are the subject of ongoing enforcement investigations without having to notify them first under recommendations made to the Government.
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New interim levy could reach £70m as costs rise
5 January 2012
The Financial Services Compensation Scheme has warned advisers may face an interim levy of up to £70m due to rising costs relating to Keydata, Arch cru, MF Global and failed stockbrokers.
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Out of Context
5 January 2012
“I was tied up but I phoned you as soon as I was untied.”
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Platforms fear legacy plan will scupper re-registration
6 Jan 2012
Platforms say classing re-registration as a non-advised process will allow legacy commission to continue to be paid after the fund switch.
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'Put focus on fairness and transparency'
5 January 2012
Ps and lords want the Financial Conduct Authority’s strategic objective changed from focusing on confidence in the financial system to fairness and transparency.
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Rate of change
10 Jan 2012
Rachael Adams considers a year with positive and negative potential
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Saunderson House chief quits after 18 years
5 Jan 2012
Saunderson House chief executive Nick Fletcher has quit the IFA firm after 18 years.
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Summit and nothing
5 January 2012
Alot of hope was invested in the December summit of European Union leaders. Alas, it was a triumph of hope over experience. After almost 18 months of talking shop and tinkering, one might have expected the market to have developed a stronger sense of cynicism.
