5 May 2011
Iain Anderson says that if the coalition does breakdown it may make key elements of reform impossible to achieve.
Nic Cicutti says advisers have gained a massive body of knowledge and expertise and should not be giving it away for free
The Home Office and the Treasury appear locked in a tussle over who will take on responsibility for criminal enforcement powers under the new regulatory structure.
Rob Reid warns the trade bodies need a fresh approach to be taken seriously.
Chris Gilchrist says the life industry continues to make something simple into something unnecessarily complex.
Paul Farrow says he is yet to be convinced that Nest will be the answer to our pension dilemma but says we should give it some more support.
The ABI and the CII say they are against the FSA’s proposal to ban non-advised sales of complex products.
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Axa Wealth increased sales 12 per cent in Q1, from £852m to £950m, compared to the same period in 2010.
BlackRock appoints Sanjay Gohil to the new role.
BlackRock fund managers Nick Osborne and Mark Lyttleton have taken protection out on half of the net exposure of its £1.9bn UK absolute alpha fund.
Angry Keydata investors voiced their fury at the Norwich & Peterborough Building Society’s annual general meeting last week over the board’s handling of the crisis.
Partnership managing director Andrew Megson says it is time the industry focused on changing consumer behaviour.
Turner will co-manage the diverse income trust alongside Gervais Williams.
James Smith looks at the mixed fortunes of fund managers in the absolute return sector in recent years.
Ignis Asset Management says it may launch a higher-risk version of the absolute return fund the firm launched in March.
The FSCS and the IMA are hammering out a deal to provide a loan facility to Lifemark to maximise the value of its life settlement portfolios.
Jupiter multi-manager Peter Lawery says gold could end up becoming its own asset class with its own sector.
John McFall says spearheading the Workplace Retirement Income Commission means plotting a course for future pension provision and reinvigorating occupational schemes.
Labour Shadow Treasury financial secretary Chris Leslie says moving the financial regulator’s enforcement powers to the Home Office’s National Crime Agency would lead to a less effective fight against financial crime.
Lawyers are critical of a proposed move to transfer financial services enforcement from the FCA to a new Home Office agency, saying that it could add to regulatory uncertainty.
Martin Currie is looking at launching an India fund to complement its emerging markets portfolio.
Lord John McFall is considering proposals to limit the use of the word “pension” to describe state-provided retirement income.
National scheme appoints Paul Jagger and Museji Takolia as chairs of employer and member representative panels.
“All the lights have just gone off.”
The founder of Paradigm feels IFAs are not getting the credit they deserve and plans to streamline the way business is written to create more value for advisers.
Suzanne Macdonald say the fining of N&P singals a shift in the FSA’s philosophy from firm supervisor to consumer champion.
Churchill Investments director and editor of the IRS Report Chris Gilchrist makes a plea for a decisive switch to product regulation.
SJP appoints new chairman as assets jump to £28bn.
Aviva is merging its adviser web portal and wrap into a single platform and overhauling its investment proposition with the launch of a number of risk-based solutions.
Investors risk missing out on up to £75,000 of retirement income by staying in drawdown following the Government’s abolition of annuitisation requirements.
A Conservative MP says recent letters from HMRC demanding people pay up or face having their possessions auctioned is an example of behavioural psychology now being employed by the Government.
L&G, LV= Asset Management and Premier say they will retain their cash funds despite Standard Life’s departure from the sector.
Investors could double the amount of pension they pass on after death by using new drawdown rules, says MGM Advantage.
Analysts and advisers question whether corporate buyers for Scottish Widows will surface.