Money Marketing
8 April 2010

  • £100M backing for Virgin Money

    8 April 2010

    Virgin Money has got a £100m capital injection from US billionaire Wilbur Ross to fund expansion of its retail bank. It is expected to bid for Royal Bank of Scotland’s branch network this week.

  • 2plan launches mobile version of Nexus portal

    8 April 2010

    2plan Wealth Management has launched a mobile version of its adviser portal Nexus.

  • Adviser attack on Financial Express over OBSR ratings

    8 Apr 2010

    Financial Express’s analytics tool has been criticsed for not showing Old Broad Street Research ratings for life and pension funds.

  • Alternatives to DB closures

    8 April 2010

    The Department for Work and Pensions has published an information note in a bid to encourage more employers to consider risk-sharing options rather than closing down final-salary pension schemes.

  • Apollo sails close to fund equity limit

    8 April 2010

    Apollo Multi-Asset Management has increased the equity weighting in its balanced fund to 46 per cent, close to the 50 per cent limit it has for the fund.

  • Baigrie and ABI link up to promote protection

    9 Apr 2010

    Lifesearch’s Tom Baigrie is working with the ABI to help raise consumer awareness of protection.

  • Barclays' blunders blocking transfers

    8 Apr 2010

    Some Barclays clients in the Aviva global balanced income fund have been waiting more than three months for their investments to be re-registered due to a string of admin blunders.

  • Bonus features

    8 April 2010

    Bonus sacrifice can be a bigger attraction than salary sacrifice

  • Budget could boost buoyant VCTs

    9 Apr 2010

    Venture capital trust expert Martin Churchill says the VCT market is on track to raise £300m for the last tax year.

  • Businesses doubling up on tax relief after SSAS lift in Budget

    8 Apr 2010

    More businesses are looking to borrow money from their Ssas to get double tax relief after the Government boosted the annual investment allowance to £100,000.

  • Catastrophe ruled out for TPD

    9 Apr 2010

    The ABI has rejected the name catastrophic disability benefit to replace total permanent disability

  • CBI wants public pension shake-up

    8 April 2010

    The CBI is calling for public sector pensions to be overhauled and says finalsalary models should move to a more affordable system.

  • Changing image

    12 Apr 2010

    Investment trusts should be given a fair crack of the whip

  • Check the differences on offshore funds

    9 Apr 2010

    The IMA’s view

  • Class clash on the bill

    7 Apr 2010

    Laurence Lieberman, partner, and Tom Oliver, associate, in the commercial disputes group at Taylor Wessing assess the implications of the Financial Services Bill and pick out the threat of class actions as needing particular scrutiny in Parliament

  • Consumers need all the options

    9 Apr 2010

    “We are currently faced with a situation where the mortgage intermediary competitors are mainly the product manufacturers - the lenders.”

  • Cost of police pensions up by 50%

    8 April 2010

    Freedom of Information requests by the LibDems have revealed the cost of police pensions has soared by 50 per cent from £1.3bn in 2004/05 to £2bn in 2008/09.

  • Currency conundrum

    12 Apr 2010

    Brian Tora says it is time to consider other currencies as election uncertainty disrupts sterling

  • Davidson aims to make FSA aware of the reality of being an IFA

    7 Apr 2010

    Davidson: Concerns over European regulation

  • Deloitte grilling Keydata victims by phone on literature claims

    8 Apr 2010

    Advisers have raised concerns about Deloitte calling Keydata clients on behalf of the Financial Services Compensation Scheme to verify information they supplied as part of their claims.

  • Eastern exposure

    12 Apr 2010

    “One thing you can say for sure about Eastern European markets is they are extremely volatile.”

  • Ellis moves in with second Paif

    8 April 2010

    CB Richard Ellis Investors has launched the second property authorised investment fund in the UK.

  • Ex-Blair spokesman joins the FSA

    8 April 2010

    The FSA has appointed Tom Kelly, the former spokesman for exPrime Minister Tony Blair, as its new communications director. He will take up the role on May 4.

  • Fast-track law may freeze pension income threshold

    8 April 2010

    Draft legislation, expected to be fast-tracked through Parliament this week, will not require any inflation-linked rise in the threshold income levels at which higher-earners will be taxed on pension contributions from next April.

  • Fidelity appoints L&G’s Ben Waterhouse as head of UK wholesale sales

    8 Apr 2010

    Fidelity has appointed Ben Waterhouse as head of UK wholesale sales.

  • Firms check kick-out plans after tax alert

    8 Apr 2010

    Structured product providers are reviewing kick-out plans after a HM Revenue & Customs’ warning that some plans may have been wrongly promoted as Isa-eligible.

  • Firms wait for Gartmore details

    8 April 2010

    Advisers are calling for more details about the US Securities and Exchange Commission investigation into Gartmore to be made public, with Bestinvest not recommending any new investments into Gartmore funds until this happens.

  • Fleeced by the FSCS

    8 April 2010

    THE EDITOR’S COMMENT OF THE WEEK

  • FSA ignoring compliance code on RDR

    8 Apr 2010

    The FSA has failed to follow the regulator’s compliance code in its work on the retail distribution review, according to advisers.

  • FSA set to get new powers for generic reviews

    7 Apr 2010

    The FSA may get new powers to demand generic reviews of past financial sales without Parliamentary approval if the Financial Services Bill is passed before the election.

  • FSCS bases Keydata quiz for investors on effects of misleading literature

    9 Apr 2010

    The Financial Services Comp- ensation Scheme is quizzing Keydata investors seeking compensation for their losses about the firm’s representations of third parties in its market- ing literature.

  • Furore at pension commission split

    8 Apr 2010

    Hargreaves Lansdown has slammed rival corporate advisers for providing rebates to employers at the expense of pension scheme members in a bid to win business.

  • Guarantee gloss

    12 Apr 2010

  • Guiding frights

    9 Apr 2010

    The BSA is concerned about the FSA’s new proposals for society supervision, reports Paul Thomas

  • Happy new (tax) year

    8 April 2010

    Minimise the impact of the loss of personal allowance on your clients by planning for the 2010/2011 tax year now

  • Hawksmoor looks to the new frontier for growth

    8 April 2010

    Hawksmoor Investment Management is holding the Advance frontier emerging markets fund in its cautiously managed Vanbrugh fund of funds.

  • How to meet the RDR

    8 Apr 2010

    Advisers need the right procedures to realise objectives

  • Hung over

    8 Apr 2010

    Ignis’ Simon Mungall says advisers should prepare their clients’ portfolios for both a Tory and a Labour Government.

  • Karen Barrett

    8 April 2010

    IFA Promotion’s chief executive is looking to put IFAs on the same page in the public eye as accountants and solicitors and believes the RDR will bring clarity for consumers Interview by Gregor Watt

  • Make Omo a poll pledge

    8 Apr 2010

    The Pensions Income Choice Association is urging all political parties to include open market option reform in their election manifestos.

  • MM Leader: Injustice of this unfair levy on advisers

    8 Apr 2010

    The Financial Services Compensation Scheme went even further in its attempts to offend natural justice last week, confirming that intermediaries will pay the full burden of claims relating to Lehman-backed structured product providers.

  • More women on financial boards could improve scrutiny

    8 April 2010

    MPs say lack of women on the boards of many UK financial firms may have made scrutiny of executive decisions less effective.

  • Noble duo are told to hand over passports

    8 April 2010

    Former GP Noble trustees Graham Pitcher and Gary Cordell, who have been charged with fraud, have had their passports confiscated and must notify the Serious Fraud Office if they intend to spend two or more nights away from home.

  • Offshore wave sweeps into UK

    8 April 2010

    Adviser Fund Index

  • One man's actions

    9 Apr 2010

    “If naughty financial folk are not misbehaving to try and dig themselves out of holes, all I can really find as motivation is stupidity, arrogance or because they have completely lost touch with what most people see as the line between right and wrong.”

  • Origen could sell Sipp book

    8 Apr 2010

    Origen Financial Services is looking to sell its Sipp book, Money Marketing understands.

  • Out of Context

    8 April 2010

  • Over-50s bring an Isa boom as sales double

    9 Apr 2010

    Leading discount brokers are hailing an Isa season bonanza with sales reckoned to be double the previous year.

  • Panel ponders regulated products

    8 Apr 2010

    The Financial Services Consumer Panel is researching the merits of introducing regulated products amid concerns that half of consumers will not pay for advice after the RDR.

  • Pay levy now and hope for refund

    8 April 2010

    Aifa is advising IFAs to pay the Financial Services Compensation Scheme £80m interim levy with the hope that payments will be rebated if the decision is overturned through a legal challenge.

  • Poll swings

    8 Apr 2010

    It is not just the main political parties which stand to win or lose in the general election now called for May 6, Samantha Downes asks how UK equities will fare following the most anticipated Parliamentary contest in recent years

  • Regulator bans director

    8 April 2010

    The FSA has banned Martyn Powsney, the former director of now defunct IFA firm Powsney & Co Ltd, from holding positions of significant influence in any FSA-authorised firm.

  • Restoring the savings culture

    8 Apr 2010

    Conservative Shadow Treasury Financial Secretary Mark Hoban sets out his vision for the future of financial services

  • Sales role for Dick

    8 April 2010

    Hornbuckle Mitchell has appointed Stewart Dick to the newly created position of head of sales. He has worked at the firm for seven years.

  • Schedule for change

    9 Apr 2010

    “The industry moans about the presence of schedule 19 SDRT - not because it costs investors much but because its calculations and administration is onerous, costly and nets very little for the Revenue.”

  • Sign up for our RDR roadshows

    8 April 2010

    Money Marketing is hosting a series of roadshows across the country to help advisers get to grips with the retail distribution review. The Invitationals bring together leading industry experts, advisers and providers. Dates for the events are as follows:

  • Skandia dynamic outpaces sector

    8 April 2010

    Skandia Investment Group’s global dynamic equity fund has outperformed the IMA global growth sector by 14 per cent in its first year.

  • SLI's Skeoch pay is twice as much as group chief exec Nish

    8 April 2010

    Skeoch: £2.1m package in 2009

  • Strategic points

    12 Apr 2010

    10 MINUTES WITH… JOHN PATTULLO James Smith

  • Super charge

    9 Apr 2010

    Chris Salih reports on a protest over cash Isas

  • Taxing times

    8 Apr 2010

    Advisers need to start planning for high-earners’ tax changes

  • Tesco wants 10%

    8 April 2010

    Tesco is looking to take a 10 per cent share of the financial services market over the long term.

  • The chasm between IFAs and life office reps

    8 April 2010

    ADVICE

  • The fall of the small

    8 Apr 2010

    Nic Cicutti says being a small IFA in the future will not cut the mustard with savvier clients.

  • The RDR plot thickens

    8 Apr 2010

    “There will be some who feel that life can go on after a few tweaks but they are the ostriches. The RDR will bring change and now is the time to acknowledge the distance we have to travel.”

  • The test of the officious bystander

    7 Apr 2010

    Peter Hamilton

  • The wrap evolution

    8 April 2010

    Life companies could become direct competitors with advisers

  • Tories pledge £1bn Equitable payout

    8 April 2010

    The Conservatives have vowed to compensate Equitable Life policyholders and families of deceased investors if elected, with rapid payouts that could total £1bn. The payouts would not be means-tested.

  • Vanguard may pass on reserve tax cut

    9 Apr 2010

    The firm could cut the 0.5 per cent up-front fee on its passive UK equity and UK equity income funds.

  • Weaker yen strengthens Japan

    8 April 2010

    Currency easing and attractive valuations are leading the way for an upward trend in Japanese share prices

  • What is the basis for the levy decisions?

    8 April 2010

    Open letter to the FSCS

  • Wrapping up the rdr

    9 Apr 2010

    Our panel assess the Budget and pore over the FSA’s latest updates for the retail distribution review

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