6 September 2006
ABN Amro Asset ManagementCapital Protected Lifestyle Fund 2010-2035
Those involved in pensions 15 years ago will have the words Barber and Guardian Royal Exchange etched on their memories. This case centred on a European Court of Justice ruling that it was unlawful to prevent a man from getting his (in this case early retirement) pension at the same age as a woman.
Alliance & LeicesterThree Year Fixed Rate Buy To Let
The Government has delayed the pensions aspects of the incoming anti-ageism laws.
The FSA has fined Braemar Financial Planning £182,000 for systemic failings in its sales processes for pensions unlocking.
Bristol & West/ Bank of Ireland InternationalSilver Anniversary Bond
Do you think that mortgages with high arrangement fees should be banned from best-buy tables?
Following Mark Harris's column last week, further comment on high arrangement fees may be helpful. High percentage-based fees came to prominence 18 months ago when The Mortgage Works introduced a buy-to-let 4.99 per cent three-year fix with a 1.5 per cent fee to address the challenge of rental cover requirements at higher interest rates. This resulted in many more landlords being able to borrow 85 per cent than with a normal fee and a higher rate. This mortgage was so successful that many ...
IFA John Duerden has taken on the Financial Ombudsman Service in the Royal Court of Justice, winning what is potentially a landmark ruling that raises serious question marks about the way the ombudsman calculates redress.
This week by Andrew Hagger, head of news and press, Moneyfacts
The UK Actuarial Profession is urging people in defined benefit schemes not to be dazzled by inducements designed to make them transfer out of schemes and to seek independent advice.
The trouble with George Osborne's hint that a Conservative Government might be prepared to abolish stamp duty on share transactions is that it reveals the party's total lack of any clear overall taxation policy.
In 2004 alone, some 360,000 people left the UK, the highest outflow ever seen. Of that number, the Office for National Statistics says a record 208,000, or 58 per cent, were British citizens and the trend is forecast to continue.
The FSA is expected to recommend relaxing the solvency rules that require life companies to keep huge reserves of capital to mitigate potential losses.
The Government has failed to meet the deadline to respond to the legal challenge launched by the Pensions Action Group over its mishandling of the occupational pensions scandal.
Many people need a summer holiday to get the feelgood factor. We know what stresses us out the most, whether it is divorce or separation, the death of family or friends, moving house or, of course, money. But what apart from holidays makes us feel good?
Investors are putting their money where their "green" mouths are, according to IFA Promotion. IFAP, which represents 9,000 firms across the UK, claims more investors are developing a social conscious after enquires it received for IFAs which provide ethical investment advice surging by more than 100 per cent in the past quarter.
Savills Private Finance managing director Mark Harris has sparked fierce debate by claiming that mortgages with high arrangement fees should be dumped from best-buy tables.
It is often worth looking at equity sectors which have underperformed over the past year or two. The worst-performing sector over the past year to July 1 has been the healthcare sector, which fell by 2.4 per cent, even underperforming the technology sector, against an average rise in all sectors of around 11 per cent.
HSBC InvestmentsGuaranteed Capital Account 7
HSBC InvestmentsGuaranteed Capital Account 8
The world of retirement income planning is changing fast. On the surface, these changes are happening because of factors, including the closure of final-salary schemes, an extended period of market volatility and changing legislation. But a more fundamental and deep-rooted cause of these changes is taking place.
Kleinwort Bension/ Dresdner KleinwortThe Deva 80 Alpha Fund
Kleinwort Bension/ Dresdner KleinwortThe Deva 90 Alpha Fund
Leeds Building SocietyThree Year Fixed Rate Mortgage
Legal & GeneralPortfolio Plus Trustee Investment Plan
Tax Planning, Tony Wickenden
In my last few articles I have discussed a number of key issues which should be of prime importance to clients and, therefore, also to their financial advisers in various aspects of pension planning.
Nationwide Building SocietyFive Year Fixed Rate With Fee
Neptune Investment ManagementGlobal Income Fund
The equity-release market has never been more competitive, driven by increased consumer demand, massive house price inflation, an ageing demographic and, of course, a growing pension deficit.
Recent comments suggest that some people think commission is not a real issue. However, what of the companies which, as deliberate strategy, set out to build market share through raising commission levels, provoking a round of me-too actions by their competitors.
Portman Building SocietyTwo Year Fixed Rate
Rensburg Fund Management UK Managers Focus Trust
I am 56 years old and I need to get hold of some cash quickly to help my daughter out of a spot of financial difficulty. I would prefer not to borrow money. I have a small pension plan made up of protected-rights funds and I understand that I might be able to get some cash that way. Does it make sense to do so?
Gartmore's global focus fund run by Neil Rogan is a hot performer, achieving a 20 per cent gain over the last three years from a concentrated portfolio of strategic and tactical holdings
Scarborough Building SocietyIntroducer Exclusive Credit Repair Two-Year Tracker
Schroders Investment ManagementGlobal Energy Fund
Scottish Widows says introducing an initial contribution charge on Personal Accounts could reduce setting up costs by up to 75per cent.
What was the background to the Charman case and the judgment?
Banks are keen to stress the benefits of structured products. Many clients seem to agree as a recent report from BNP Paribas showed that global retail sales of structured products grew by £15.8bn in 2005 to exceed £155.4bn.
David Hollingworth finds introductions at parties somewhat difficult. When the question, "What do you do?" crops up, Hollingworth find his response of "mortgages" tends to send people running for the door.
The Mortgage BusinessSelf 85 Two Year Fixed Rate
The Mortgage WorksTwo Year Fixed Rate Buy-To Let
If I am honest, I tire of those regular phone calls conducting market surveys for life offices. I am sure my criticisms of service standards will do nothing towards the closing down of the call centres, the piped music and boring voices telling us someone will "be with you shortly" followed by our losing the will to live while waiting an interminable age, only to be told that the information we want will take three weeks to produce.
Alan Miller has not had the greatest time of late although observers may find it a little hard to feel sorry for someone who is after all still a multimillionaire.
The big news of the week has undoubtedly been GMAC's announcement that it is the first lender to offer point of sale offer to customers.
This week Norwich Union announced a raft of changes designed to breathe life into its "out of favour" individual personal pension and shift its focus to more affluent customers.
Aifa's call for the introduction of limited or focused advice on specific product areas has been welcomed by many in the industry as long as important caveats are established.
European stockmarkets have outperformed most other stockmarkets the majority of the time since the current bull market started in the spring of 2003.
Many IFAs would be forgiven for thinking that once the Financial Ombudsman has reached its final decision, then there is nothing you can do, regardless of how arbitrary and capricious it may be.
Some time ago, a friend of mine came round to my house with a problem. His uncle had just died at 88 and, as my friend had been both the closest relative and only carer for several years, he had been bequeathed a big house in Enfield, North London.
Winterthur Life has posted a 75 per cent increase in half year single premium individual pensions business to £536m, up from £305m in the same period last year.
WoolwichWoolwich Lifetime Offset Tracker