Money Marketing
6 May 2010
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ABI service offers advice made easy
7 May 2010
Jolly: ‘Simplified format’
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Act now to shelter from tax attack, IFAs warned
7 May 2010
Industry experts say advisers should seize the opportunity to review their clients’ tax planning ahead of post-election fiscal tightening.
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Aifa policy chief Strange says adviser-charging is a 'distant dream'
7 May 2010
Strange: ‘Practicalities of delivering such a huge change are getting more difficult’
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Alpha particles
10 May 2010
James Smith talks to leading absolute return fund managers on where they are investing going forwards.
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Analysis could pick new over old
6 May 2010
The multi-manager team at LV= Asset Management says its analysis of the investment team and process behind a fund could lead to a new launch being preferred in its portfolios over an established fund that has had several managers.
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Be prepared
6 May 2010
RDR planning must start now to ward off future headaches
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Brown slip-ups raise fears over pension tax relief cuts
6 May 2010
Prime Minister Gordon Brown has repeated what the Labour press office claimed was a “slip of the tongue” by suggesting that higher-rate pension tax relief will be restricted for incomes over £100,000.
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Check the checkers
7 May 2010
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Come on, feel the noise
7 May 2010
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Direct wraps could have role for advisers
7 May 2010
Deane: ‘Collaborative process’
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Dividing lines
7 May 2010
An FSA mortgage arrears handling review has brought calls for a clearer division between lenders and third-party administrators. Paul Thomas reports
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DWS index tests climate change investment story
7 May 2010
DWS Investments, the mutual fund arm of Deutsche Asset Management, has launched an index to gauge investor sentiment on climate change investments.
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Edward Jones deal provides £13m profit for Towry
6 May 2010
Towry results show firm made large profit from Edward Jones deal and outline restructure to create Jersey parent company.
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Flexible friends
6 May 2010
Strategic funds are proving a popular means of securing a return amid economic uncertainty
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FOS information request time limit cut to 14 days
5 May 2010
The Financial Ombudsman Service is reducing the time limit for firms to respond to requests for information from 21 days to 14 days.
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'FSA and FOS staff must be trained above level four'
6 May 2010
Advisers are calling on the FSA and the Financial Ombudsman Service to raise the qualifications of their staff above QCF level four and publicly declare each staff members’ credentials.
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GLG shuts Ucits III as £195m target is hit
6 May 2010
GLG closed the Ucits III version of its UK alpha select fund on May 5 after the fund reached its asset target of £195m. The fund was launched in February 2010 and is managed by the UK equity team, headed by John White.
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Greece lightning
7 May 2010
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Guernsey Qrops plans New Zealand scheme
6 May 2010
Qualified recognised overseas pension scheme adviser Global Qrops says Guernsey Qrops providers may look to establish New Zealand schemes in the coming months to offer expatriates greater flexibility.
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Guy Morrell
10 May 2010
The HSBC Global Asset Management head of multi-manager talks about launching his open global property fund in turbulent times for the market but he has no regrets. Interview by Gregor Watt
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Hilltop calls for clarity on hedged or absolute return
6 May 2010
Fund of hedge funds firm Hilltop Fund Management says it is important for fund of hedge fund managers to tell investors whether they are producing hedged or absolute returns.
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Home of Choice favours LSL bid
6 May 2010
Home of Choice was in talks with preferred bidder LSL Property Services as Money Marketing went to press, a move that angered The Money Group, which had tabled a rival bid.
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If I Were You scheme links with Towergate
7 May 2010
The financial concierge service, If I Were You, launched by former Egg chief Paul Gratton and ex-Virgin Money boss Rob Clifford, is linking up with Towergate Financial Services for independent financial advice.
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IFA says Skandia not passing on commission
6 May 2010
Simon Ainscough has hit out at Skandia for retaining commission when it passes clients on to L&G for annuities.
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IFAs at odds over value of higher qualifications
7 May 2010
Hall: CPD prevents ‘knowledgefade
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IFAs can rise above the melee
7 May 2010
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IFAs risk fines over wrap files
7 May 2010
Murray: ‘Put it in writing’
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IFAs split on Cowdery's Pru deal
6 May 2010
Advisers are divided over whether a Resolution takeover of Prudential’s UK assets would be beneficial following reports that Resolution founder Clive Cowdery has secured funding for the deal.
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Investors face huge buy-to-let losses after valuation errors
7 May 2010
Investors say the panel surveyor used by their Government-backed lenders over-valued their properties - in some cases by almost double.
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Just 8% of advisers back Labour
6 May 2010
Latest Money Marketing/YouGov poll of IFAs shows Labour on 8%, LibDems on 19% and Conservatives on 51%.
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Long division
6 May 2010
Thameside director Emma Duncan say deciding between an annual bonus or pension contribution is complicated by new rules.
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Long-distance runner
7 May 2010
“With companies increasingly competing on an international stage, it is becoming less relevant where they are based.”
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Mann takes over as Skandia chief
6 May 2010
Peter Mann has taken over from Nick Poyntz-Wright as the chief executive of Skandia UK. Mann is former chief development officer for Skandia and took up the role from May 1.
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Mattioli Woods to close £1.2m buyout
6 May 2010
Pensions consultancy Mattioli Woods has acquired pension administration and employee benefits businesses Cooper Parry Wealth Strategies for £1.2m, subject to details.
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MM leader: FSA takes first step in tackling wayward banks
6 May 2010
Not before time, the regulator claims it is getting tough with the big banks over their complaint-handling processes.
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MM wins best trade title for second year
6 May 2010
Money Marketing has scooped best trade title at the Headlinemoney Awards for the second year running. Helen Pow won the award for trade pensions writer of the year, also for the second year running, and Nicole Blackmore was highly commended in the trade journalist of the year category.
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Monument being used to cut credit risk and volatility
6 May 2010
The distributor of Twenty Four Asset Management’s monument bond fund says multi-managers have been using the fund to reduce volatility and credit risk in their portfolios.
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Moret says too much FSA focus on pension wrappers
6 May 2010
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Musical chairs
6 May 2010
Nic Cicutti asks would the Tories be any better than Gordon Brown?
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Networks face future of consolidation
7 May 2010
Openwork chief executive Martin Davis says he expects there to be only two or three networks remaining by 2013.
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Out of Context
6 May 2010
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Party line
6 May 2010
Money Marketing/YouGov monthly 300-IFA benchmark survey
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Poll performance
6 May 2010
For the 10 years in which an election took place, four delivered a negative total return, reducing your chance of making money overall to 60 per cent.
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Prip tide
7 May 2010
Simon Morris, a partner, and Gemma Jones, a solicitor at law firm CMS Cameron McKenna, say the RDR may need to be amended when the European Commission sets out its measures on packaged retail investment products
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Qualification innovation
7 May 2010
“I was surprised whether Aifa’s limited resources would not be better placed fighting the inequity of FSCS levies and similar grievances affecting the IFA community.”
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Rambourg back with Gartmore as an analyst
6 May 2010
Guillaume Rambourg, the suspended manager of the Gartmore European absolute return fund, has returned to the group as an investment analyst.
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Regulator bans three mortgage advisers
6 May 2010
The FSA has banned three mortgage brokers from working in regulated financial services and fined another £17,500 over mortgage fraud and advice failings, bringing the total number of brokers banned to 84.
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'Restricted is not necessarily tied,' says L&G
7 May 2010
Wynn: Restricted advice under RDR could look ‘very similar to IFA services today’
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Schroders aims for income maximiser hat-trick
6 May 2010
Firm is looking at third maximiser fund with the US and Europe two potential targets.
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Scope to grow amid low expectations
6 May 2010
Schroders head of UK equities Richard Buxton says domestic and consumer-related sectors could provide “tremendous opportunities” to make money despite headwinds facing the economy.
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Season 11 sees mixed fortunes
6 May 2010
Adviser Fund Index
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Slipping up on Greece
6 May 2010
Gregor Watt reports that the Greek economic debacle could be the canary in the mineshaft for wider problems
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Sticking power
7 May 2010
The future of financial advice lies in long-term client relationships
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Succession signs up three IFAs
6 May 2010
Hightree Financial Services, Financial Management Group and Total Financial Solutions have all joined IFA consolidation vehicle Succession Advisory Services. The firms have combined assets under management of more than £500m.
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Talking cure
11 May 2010
Phil Jeynes says that good advice is the secret to filling the protection gap.
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Technical hitch
10 May 2010
Paul Farrow says technology funds may be dwindling but the story is not over yet.
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Thames River brand to stay if F&C deal goes ahead
6 May 2010
Hollands: ‘Keep all the good people’
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The big spring clean
6 May 2010
Chris Salih on changes at Henderson as the fund firm rationalises its range after the New Star buy
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The going rate
10 May 2010
“The additional 50% tax rate will affect some people but the freezing of the higher-rate threshold will hit many more.”
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The keys to best practice
6 May 2010
Life business development manager Andrew Lock says successful firms after the RDR will need a clear client value proposition and ensure they are not dependent on a key person.
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The medium's the message
6 May 2010
The recent televised political debates can teach the protection industry a thing or two about reaching consumers.
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The political pack
7 May 2010
“None of the parties has said anything about encouraging the re-emergence of the wholesale markets, which will be necessary before the banks will be able to repay the £300bn owed to the Bank of England.”
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The real deal
10 May 2010
Randal Goldsmith, lead analyst at S&P Fund Services, details the objectives of real return funds
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The standards of dishonesty
6 May 2010
Peter Hamilton is a barrister specialising in financial services at 4 Pump Court
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Three more axed at FSSC
5 May 2010
The Financial Services Skills Council has made a further three staff redundant, bringing the council’s total job losses to five.
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To whom it May concern
7 May 2010
Aberdeen AM’s Graham Duce looks at whether the old investment adage to sell in May is a prudent one.
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Towergate plans to refinance debt
6 May 2010
Towergate Finance has announced a £665m revenue-raising plan to help refinance the existing debt of parent company Towergate Partnership. The offer is for £365m senior secured notes due to pay out in 2017 and £300m senior notes due in 2018.
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Training programmes aim to help advisers pass level four
6 May 2010
The Consulting Consortium and Intellego have joined forces to offer training programmes designed to help advisers pass QCF level four.
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Transact calls for wider re-reg rules
6 May 2010
FSA should extend re-reg rules to all financial companies, not just platforms and set a time limit, says Transact.
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UK all companies is least loved sector
6 May 2010
Funds in the UK all companies sector saw net outflows of nearly £690m in March, according to the Investment Management Association, making the sector the least popular among retail investors. In February, the sector saw outflows of £133m.
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Value views
10 May 2010
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Website comments on FSA taking action against complaint-handling by banks
6 May 2010
Letters
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Why can't platforms make charges clear?
6 May 2010
Letters
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Why isn't network commission ringfenced?
6 May 2010
THE EDITOR’S COMMENT OF THE WEEK
