7 July 2011
Nic Cicutti says IFAs will have to defend their work against people who believe in the sub-standard material they read on the MAS website.
Mel Kenny says the Government should reassure the public that the bar has been raised for professional financial advice.
Kim North wants the FCA to recognise that IFAs are still the most trusted advice providers.
The Government must not back down on the principle that public sector pensions have to be reformed.
Kira Nickerson says investment laws like Fatca can leave IFAs open to complaints.
Tom McPhail says we must get used to the idea of spending less, saving more and retiring later.
Society of Mortgage Professionals chief executive Richard Fox says trend towards more complex products caused by lending constraints is disturbing.
Peter Le Beau says the industry and the public are confused about what is good value income protection.
Alan Lakey says there would be no claims mongers if consumers take responsibility for their decisions.
Advisers are split on whether Lloyds Banking Group’s renewed focus on bancassurance will be a threat to IFAs.
Aegon has apologised after it sent a pre-retirement letter to a client saying he could take pension benefits at 50.
Ardevora is considering launching a global equity income product in response to investor demand.
Bond managers are cutting the duration on their funds in anticipation of an uplift in the UK economy towards the end of the year.
Law firm Regulatory Legal says almost 500 of its clients have suggested they may reject the FSA’s £54m compensation package.
Credit Suisse has launched a £482m securitisation.
Dilnot commission member Dame Jo Williams says the commission will be disgusted if the Government fails to act on its recommended reforms for care funding.
The Government should set up a working group to consider how to develop products to fund care needs such as long-term care, says the Dilnot commission.
The ECB confirmed a second interest rate rise on the same day the BoE voted to keep UK rates at their current level.
Conservative MEP Vicky Ford says European regulation is leading to excessive burdens on the financial services industry.
The IMA has warned that other jurisdictions are likely to follow the US in introducing their own version of the foreign account tax compliance act.
Fidelity head of asset allocation Trevor Greetham is considering adding to his weighting in Japan across his three multi-asset funds.
Providers should be held responsible for the development of flawed products, says former FSA deputy chair Dame Deirdre Hutton.
FOS chief exec Natalie Ceeney has urged banks to improve their complaint-handling processes to stop the claim management industry booming following the PPI scandal.
The FSCS has admitted its £4m advertising campaign has not had a significant impact on levels of consumer awareness of the scheme.
IFA Philippa Gee says the Dilnot recommendations could put pressure on care homes to cut costs.
HSBC says it is looking to launch a low-cost active fund following in the footsteps of Schroders and JP Morgan.
The FSCS secured recoveries of £756m during 2010/11, with £614m relating to failed Icelandic investment bank Kaupthing Singer & Friedlander.
IFAs say proposals to use Isas to fund social projects are likely to be seen as too risky by investors.
The IMA has warned the European Commission may be tempted to bring forward prescriptive regulation for DC pension investments.
New absolute return fund will be managed by Gary Clarke.
“It’s like a marriage without the sex” Peter Chadborn on his working relationship with Plan Money co-director Peter Wright
Precise Mortgages is opening up its entire product range to Scottish homeowners.
Prudential plans to drop the cautious and balanced labels from two of its legacy life and pension funds and may consider dropping the labels from its retail range.
Prudential says providers must retain the flexibility to design innovative products as the regulator moves to intervene on product development.
The Pensions Regulator is set to increase the disclosure requirements for DC scheme costs and charges to increase transparency.
IFAs should develop web and phone-based arrangements to continue to service mid-market clients profitably after the RDR, says the provider.