7 April 2011
Peter Hargreaves says the golden rule in investment is never buy a product that you don’t understand.
The Government’s state pension reforms, unveiled this week, look set to create a solid and stable platform for individuals to save for their retirement.
Dev Malle warns the mortgage industry not to overlook the impact of the RDR on their business.
Steve Bee says the changes to the workplace pension provision in the private sector may well be repeated in the public sector.
Direct Life & Pensions MD Rob Quayle says simplified advice is not a threat to IFAs and will bring more and better informed customers to your door.
Rob Reid says adviser charging lacks real definition and begs some key questions.
Peter Hamilton says investigations into the failure of the FSA should be undertaken by a truly independent body.
Paul Farrow says he cannot fathom why uninspiring multi-managers attract money.
Nic Cicutti says the number of advisers leaving the industry in the wake of the RDR will be smaller than many are predicting.
Chris Gilchrist says we need collective socialised solutions to the savings issue.
High-earning members of final salary pension schemes could be sleepwalking into tens of thousands of pounds in charges as a result of the Government’s tax reforms.
Age UK Enterprises is looking to form a referral partnership with a national IFA firm to give its customers access to independent financial advice.
AWD Chase de Vere has launched a series of 20 tailored fund of fund portfolios available through Cofunds.
A 100% equity portfolio is filled with risk and diversifying Sipp investments is a must.
Lenders may be forced to either provide advice about rivals’ products or scrap their tied-advice propositions in favour of an information-only service.
The FOS will be subject to a National Audit Office review and will come under the Freedom of Information Act by the end of 2011.
Deane Donnigan, the manager of Axa Framlington’s Health and Biotech funds, has left after 13 years with the firm and its predecessor Framlington.
J.P. Morgan Asset Management has hired Gartmore’s John Anderson as a portfolio manager in its fixed income team.
Nest Corporation has appointed F&C and HSBC Global Asset Management to manage its ethical and Shariah mandates.
Nest has refused to release details of the fees charged by its investment fund managers due to concerns that the disclosure would “prejudice the commercial interests” of the scheme.
“After 15 years of not playing, I’m a bit stiff.”
Pensions minister Steve Webb has defended the Government’s “legitimate” decision to consider an alternative to a £140 flat-rate single-tier pension.
Pressures on asset managers to outperform in the short-term will increase due to the RDR, warns JPM head of UK retail sales Jasper Berens.
Director general believes independent advice will remain the gold standard as members await a decision on whether Aifa will broaden its membership criteria.
Brokers are looking to see if the new Lloyds chief executive is going to bring Santander’s intermediary approach with him.
Tisa director of policy Malcolm Small says tax relief on pensions does not work and is urging policymakers to consider using an Isa structure to encourage people to save for retirement.
Number of providers are introducing measures to discourage members from taking their entire fund in the first year.