7 March 2007
78 per cent of advisers still intend to recommend Alternatively Secured Pensions despite the punitive pre-Budget proposals, according to Skandia research.
Cirencester Friendly SocietyIncome Assured Plus
Aegon will offer a no commission option for advisers working on a fee basis and three new options designed to allow advisers to cater for the needs of clients who want additional services or greater levels of advice and support.
Aegon Asset Management has brought out three new funds, one of which is the UK opportunities fund.
Societe Generale Adequity has brought out the New Energy Protected fund, a capital protected Oeic that applies a constant proportion portfolio insurance strategy to the World Alternative Energy index and cash.
Arc Fund ManagementArc EIS 6 Growth Fund
Axa Investment ManagersAxa Talents Fund
Lender says it 'won't chase volume for the sake of it' after below-average growth last year.
City-based boutique firm Cameron & Cameron Asset Management, has brought out a fund giving high-net-worth investors access to Zablocie Mill, a property development in Poland.
Whatever you think of claim management firms, they have been a fact of life and will continue to be so.
Our panel of experts consider whether a raft of European property fund launches is an ominous sign for the UK market, plus: should advisers be concerned by the increased use of hedging techniques by multi-managers??
How can investors make geared trades using contracts for difference?
This week by The Express deputy personal finance editor Holly Thomas.
Coventry Building Society2.45% Discounted Rate mortgage
Helen Pow reports on how Prudential's research has inflamed the protection industry by putting forward the huge figure of £43bn for declined claims.
Lew Sichelman in the US reports on the sub-prime crash which is seeing borrowers repossessed and lenders shutting up shop while Gregor Watt looks at the UK repercussions.
Fine wine merchant The Cellaret is looking to raise up to £1.5m through this EIS to expand its trading activities following last year’s acquisition of The Wine Portfolio and Wine Direct.
Ethical funds. Helen Pow considers the impressive performance of ethical investments.
Guy Anker and Sarah Hall survey the scene on lenders' mortgage exit fees after the FSA crackdown.
With less than two weeks to go before Gordon Brown's "final" Budget pension experts everywhere are crossing their fingers and toes and hoping for the best.
Life offices add to endowment compensation after regulator's age alert.
Regulation. Helen Pow finds widespread opposition to the FSA's dual-listing plans but some believe it would be positive.
In today's market, it is very difficult to find an investment offering a fixed income of 7 per cent a year tax-free without much risk.
Foresight Venture PartnersForesight Sustainable UK Investment Fund
Friends ProvidentGuaranteed Bond - Capital Assured Fund 1
Britishinsurance.com managing director Simon Burgess says the payment protection insurance market is coming under heavy fire from customers over charges and needs to launch its own offensive to nurture goodwill and show the worth of its products.
Chris Salih says ethical funds have become the latest attraction but asks if investors are willing to go green and give up the opportunity to make cash.
Dramatic increase in borrowers staying with HBOS after January repricing.
Henderson has joined the band of multi-managers who are using put options.
The first Customer Impact survey provides pointers for the way ahead.
IMS has added technology funds from New York-based group Seligman to its multi-manager funds to reposition the portfolios equally between growth and value stocks.
As if on cue, nemesis arrived in equity markets last week. Not before time, I might add.
Firms are evading responsibility by providing information, not advice.
For the second-consecutive month, the mortgage market was able to breathe a collective sigh of relief as interest rates were kept on hold at 5.25 per cent.
Group completes suite of packaged products as it sets target to boost assets to £10bn.
With less than two weeks to go before the Chancellor delivers what will be, barring unforeseen circumstances, his 11th and last Budget, speculation has begun about whether he will reveal any signs of his own policy priorities.
Legal & GeneralGrowth Investment Plan Plus 7
Beginning a series on group life schemes with a look at how the nature of life insurance has changed over the years.
HSBC Investments, Insight and Midas Capital have all announced new strategic partnerships to roll out their multi-manager multi-asset funds through insurance companies.
The news that Moneyfacts could move into competition with Mortgage Brain and Trigold could be good news for brokers.
Chris Salih considers the effects of a dual blow to Credit Suisse.
NDF AdministrationNDF Growth Kick Out Plan February 07
NDF Administration7% Fixed Income Plan February 07
NDF AdministrationExtra Growth Plan February 07
Neptune Investment ManagementGreen Planet Fund
Just Retirement says A-Day seems to have encouraged more people to shop around for the best annuity at retirement - with latest ABI sales data showing that more than 50 per cent of funds took the Open Market Option.
Origen says A-day concurrency rules have prompted a growth in demand from employers for a ‘top hat’ group Sipps, allowing senior executives to make additional pension contributions on top of their existing pension schemes.
Consumer groups have heralded the FSA's somewhat unexpected decision to keep the RU64 rule as great news but advisers and pension providers are claiming the regulator's short-sightedness could lead to more misselling.
Portman Building Society100% Mortgage Five-Year Fixed
Portman Building Society100% Mortgage Five-Year Fixed
PrudentialFlexible Protection Plan
Prudential has launched the flexible protection plan to the wider IFA market. This is a menu-style protection plan comprising core critical illness cover and level, decreasing or index-linked life cover. Disability cover, unemployment cover and income protection are available as optional extras.
PSigma Asset Management has announced the launch of the PSigma income fund (subject to regulatory approval) to be managed by Bill Mott.
It's the final countdown to the Budget and to the fate of pension term assurance.
FSA survey shows consumers confused by cover and don't trust providers.
Annie Shaw cuts through the Reit razzmatazz to point out the inherent characteristics of the products which might make them unsuitable for cautious investors.
So IFAs are getting younger, with an average age of 46, according to the FSA's Financial Risk Outlook 2007. I think this is a splendid age for any professional. It is my current age. Seriously, this is good news as new blood must be entering the profession.
The recent correction in UK markets has been the perfect advertisement for investors to be more prudent in the future, that’s according to F&C UK growth and income manager Ted Scott.
Merchant InvestorsSelf-Invested Pension Portfolio
The head of Old Mutual Asset Managers' corporate bond fund took over the reins of the top-performer three ago and has maintained the fund's sparkling performance by freeing up its mandate and through a mixture of playing themes and reinvention. One of his present themes is the 'botherance factor' of bonds with restrictive covenants. Interview by James Phillipps.
Pensioners have a good legal case against actuaries but do not have the resources.
Credit Suisse has been written off by advisers and some newspapers. This is arguably true for further retail sales, at the very least in the short term.
T. Rowe Price has announced that it has added both a pan-European and continental European equity strategy to its Luxembourg-domiciled Sicav range.
Treating customers fairly is a cunning and evolutionary project.
One of the things that often surprises some of my more fundamentalist colleagues in the media is the fact that, on the whole, I do not automatically think that IFAs who use commission-based remuneration systems are the spawn of the devil.
Without clarity on the meaning of 'wholly and exclusively', we must rely on sharing experiences.
Threadneedle InvestmentsUK Property Trust
Is there a 50bps cut in US rates on the way as Bernanke brings about a soft landing?
The personal accountholders of the future are likely to be guided by a very different breed of adviser, says Scottish Widows head of pensions market development Ian Naismith.
UCB Home LoansSelf-Cert Three-Year Flexible Fixed
Unicorn Asset ManagementUnicorn Aim VCT 3 Series 3 Shares
WoolwichTrack and Cap Mortgage
The industry awaits Gordon Brown's last Budget with a number of loose ends to tie up and perhaps a surprise or two before the great clunking fist moves on after a decade as Chancellor.
Way says clients fail to protect estates while clinging on to tax-free plans.
Sterling is celebrating the second anniversary of its multimanager protected profits funds by offering readers the chance to win two tickets to the Spanish Grand Prix.
We have long espoused the benefits of asset allocation, not on rigid ideological grounds but rather from a pragmatic standpoint. Our experience is that if you can add value, you should. Yes, it is difficult and does not always work in your favour but it has enhanced our returns for seven out of the past eight years.
WoolwichCity Mortgage 3
I concluded my last article - the third in a short series in which I am discussing key issues in a director share purchase strategy - by highlighting the importance of the valuation of the shares. This week, I will make recommendations as to how financial advisers should ascertain those values.