Money Marketing
8 June 2005
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Investment view
9 Jun 2005
Wealth management offers investors a wide range of choice but the companies seem to make a very similar approach
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A day in the life of an enforcement team
9 Jun 2005
WHAT THE TEAM TALKED ABOUT
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Aaron claims watchdog changed after FSA decision
9 Jun 2005
Banned IFA David Aaron is accusing the Financial Ombudsman Service of changing the way it treated cases against his firm after the FSA found against him.
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Abbey offers multi-manager exposure with guarantee
9 Jun 2005
Abbey has created a structured product linked to the performance of its multi-manager growth fund rather than a stockmarket index.
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Aifa's view
9 Jun 2005
This is my first column for Money Marketing as director general of Aifa.
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Amerindo net fund loses trust status
8 Jun 2005
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ARLA survey shows record demand for rental properties
14 Jun 2005
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Artemis Investment Management - Strategic Bond Fund
9 Jun 2005
Artemis Investment ManagementStrategic Bond Fund
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Average house prices break 150,000
14 Jun 2005
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Baillie Gifford enhances IFA website
13 Jun 2005
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Banking on a fall
9 Jun 2005
Forecasting UK interest rates should be easy. The Bank of England monetary policy committee is open and transparent and releases more information about its decisions and how it arrives at them than any other central bank.
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BBB closes subsidiary
8 Jun 2005
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Blair blast shows the FSA doesn't like it up 'em
9 Jun 2005
Following the recent news in Money Marketing (June 2) that Prime Minister Tony Blair has been critical of the FSA and FSA chairman Callum McCarthy's somewhat plaintive letter in response to the criticism brings to mind an apposite quote: "They don't like it up 'em" (Corporal Jones, Dad's Army.)
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BNP Paribas Asset Management - Parvest Australia
14 Jun 2005
BNP Paribas Asset ManagementParvest Australia
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BNP Paribas Asset Management - Parvest Europe Financials
10 Jun 2005
BNP Paribas Asset ManagementParvest Europe Financials
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BNP Paribas Asset Management - Parvest Italy
9 Jun 2005
BNP Paribas Asset ManagementParvest Italy
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BNP Paribas Asset Management - Parvest Latin America
13 Jun 2005
BNP Paribas Asset ManagementParvest Latin America
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Breathtaking optimism over wrap solution
9 Jun 2005
It was with considerable interest and ultimately some disbelief that I read Jason Whyte's recent comments in Money Marketing regarding the potential development of a life industry-wide wrap.
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Britannic looks at backing pioneering Euro fund for Norris
9 Jun 2005
Britannic is on the verge of unveiling the launch of a pioneering European equity income fund under its Argonaut boutique brand.
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Butterfield launches current account mortgage
14 Jun 2005
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Campbell Dallas launches new tax consultancy
13 Jun 2005
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Cazenove recruits F&C bond chief
8 Jun 2005
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CBI wants reformed S2P with outsourced fund management
9 Jun 2005
The CBI has called for the state second pension to be revamped to benefit lower-earners.
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Children's Mutual chief joins Pima board
9 Jun 2005
Children's Mutual chief executive David White has been appointed to the board of the Pep and Isa Managers' Association.
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Chilton on Mortgages
9 Jun 2005
Every morning I check the best buy tables of our competitors, along with many internet-based sourcing sites which use these tables to drive customer enquiries which they can then sell on to brokers.
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Cicutti can't tell his adviser from his IFA
9 Jun 2005
After reading Nic Cicutti's article in last week's Money Marketing, I wonder why oh why if "experts" like him cannot get it right, what chance have the general public got?
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CII and SMP give stark warning on the dangers of ignoring FSA rules
9 Jun 2005
The Chartered Insurance Institute and Society of Mort-gage Professionals have joined together to publish a fact file to warn intermediaries of the perils of ignoring FSA rules.
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Coming to terms with risk
9 Jun 2005
Risk - can it ever be understood? Looking at the experiences of the past decade, the answer might be no. It seems the rational response to choosing a comfortable level of risk is overpowered by irrational emotion - fear, or in some cases loathing, with memories of the bear markets still raw.
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Competitors have their work cut out
9 Jun 2005
There's a opportunity for local radio listeners in Ipswich to snap up an attractive prize courtesy of Ipswich Building Society.
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Compulsive personalities
9 Jun 2005
A somewhat revitalised Opposition makes for a highly charged Parliamentary setting.
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Cool spring takes heat out of housing
9 Jun 2005
Nationwide is predicting a soft landing for the property market after house prices rose by 0.3 per cent in May.
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Correspondent's Week
9 Jun 2005
There is a spring in my step as I bound downstairs on Monday morning. It is a new week and it is time to think about wrap products.
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Cummings taking over at Aifa as illness sees Severn leave
9 Jun 2005
Association of Mortgage Intermediaries director Chris Cummings is stepping into the role of Aifa director general following the unexpected resignation of David Severn.Severn is leaving after being diagnosed with kidney disease.
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DeAM appoints hedge fund distribution head
14 Jun 2005
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Deloitte warning life offices to make accounting changes
9 Jun 2005
UK life firms need to make major changes in accounting processes to operate successfully in the changing regulatory environment, says acc- ountancy firm Deloitte.
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Downsizers failing in bid to release equity
9 Jun 2005
Escalating moving costs are eating into the profits of pensioners switching to smaller homes to release retirement funds, says Prudential.
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Edinburgh trust performance criticised
9 Jun 2005
Edinburgh Investment Trust has been criticised by two City analysts over its branding and performance.
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Equity release gets a section in Yellow Pages
9 Jun 2005
Equity release is to get its own dedicated section in the yellow pages phone directory and online website, allowing consumers to hunt easily for an equity-release broker.
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Exchange signs e-trading deal for Millfield multi-tie
9 Jun 2005
The Exchange is to power the launch of Millfield's multi-tie operation as well as two other distributors.
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Farrow's view
9 Jun 2005
I am beginning to wonder whether the FSA has set up a new department that goes by the name of Head a Misselling Crisis Off at the Pass.
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Fighting chance
9 Jun 2005
Our panel of experts look at the shake-up at Henderson, the prospects for long/short funds and interest rate movements
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Film fund in premiere with 90% capital pledge
9 Jun 2005
A fund described as the UK's first capital-protected film vehicle is offering investors access to the potential gains of film-making.
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Fitness first
9 Jun 2005
Sesame chief executive officer Patrick Gale says now depolarisation is upon us, networks are being seen as far more than commission clubs with compliance
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'FSA lacks muscle to deal with inducement payments'
9 Jun 2005
The FSA does not have the resources or the muscle to deal with inducement payments from providers to networks, according to concerned IFAs and providers.
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FSA says it will not tolerate phoenix firms
10 Jun 2005
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FSA tells Blair to show evidence
9 Jun 2005
The FSA has challenged Prime Minister Tony Blair to publish the evidence behind his recent attack on the regulator for inhibiting efficient business.
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FSCP launches attack on the FSA
13 Jun 2005
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Gained in translation
9 Jun 2005
Last week's headlines in the national press were full of the French and Dutch words for "no". Sixty-two per cent of the Dutch votes and 56 per cent of the French went against the European Union's proposed constitution. What are the investment implications of the "nons" and "nees"?
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Gartmore faces management exodus
8 Jun 2005
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GE adds eight external funds to its pension
9 Jun 2005
GE Life is enhancing its pension range by adding eight external funds.
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Growing East
9 Jun 2005
Morgan Stanley Investment Management has made 11 Sicav funds available to UK investors by getting UK distributor status for them.
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Heath Lambert in bid to ditch 210m deficit
9 Jun 2005
Britain's biggest independent insurance broker Heath Lam-bert has been accused of pension phoenixing after a com- pany restructure tried to place its 210m defined-benefit schemes deficit on the Pen-sion Protection Fund.
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Hedge investors hit by huge tax levy
9 Jun 2005
Hedge fund investors can unwittingly face effective tax-rates of more than 60 per cent on death because the asset can attract income as well as inheritance tax, warns law firm Withers.
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House prices down by 0.6 per cent in May
8 Jun 2005
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If you want to get ahead, buy a beer
9 Jun 2005
Philip Scott finds SVM UK opportunities fund manager David Stevenson full of good cheer with his stockpicking success based on often ignored firms such as brewers which can serve up double-digit annual returns
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IFAs could be missing out on untapped investor business
9 Jun 2005
Four out of 10 UK investors do not know where to invest their money, according to research by New Star.
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Iimia chief's fears over Japan small caps
9 Jun 2005
The Japanese small cap bubble could soon burst and hit several investment trusts, says Iimia chief investment officer Nick Greenwood.
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In the Works
10 Jun 2005
The Mortgage WorksThree Year Fixed Buy-To-Let 4.85%
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Independent View
9 Jun 2005
Many a headline and column inch have been dedicated to the debate on IFA remuner-ation, namely commission.
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Insight makes directors redundant
8 Jun 2005
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Investec wins award for best offshore fund
13 Jun 2005
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Investigation team had impartiality concerns
9 Jun 2005
Taped conversations between FSA field staff investigating an IFA reveal internal concerns over the impartiality of the regulator's enforcement division.
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It's Bedlam in Europe
10 Jun 2005
Bedlam Asset Management has introduced its fifth fund, the Bedam Europe fund.
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Jelf announces introducer agreement with CJ Hole
13 Jun 2005
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Julian Gibbs
9 Jun 2005
M&G is continuing to see a resurgence in several investment sectors. Two of its funds I like at present are M&G global basics and M&G Japan smaller companies.
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Keydata takes dynamic plan back on the road
13 Jun 2005
Keydata has brought out another issue of the dynamic growth plan, a capital-protected bond that provides geared exposure to the FTSE 100 index over a six-year term.
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Kim North
9 Jun 2005
Here we are at last, the wondrous world of depolarisation. Never before has so much been debated and written to result on implementation day as a non-event.
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L&G joins Exweb Gold's policy valuation service
9 Jun 2005
Legal & General is now running for policy valuations on Exweb Gold, The Exchange's recently launched portal service for IFAs.
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Last-minute waiver gives Apcims four months to work on the menu
9 Jun 2005
Apcims has been granted an 11th-hour stay of execution on the new depolarised regime after the FSA announced a four-month waiver before members have to implement the payment menu.
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Leadbay aims for mortgage broker business
9 Jun 2005
A lead-generation business loosely based on the internet auction e-bay concept has been launched to allow brokers to bid for leads.
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Letting agents urge caution on Sipps
9 Jun 2005
Investors intending to put residential property into Sipps should be extremely cautious, warns the Association of Residential Letting Agents.
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Liverpool Victoria appoints Nott to board
13 Jun 2005
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Many a slip between chateau and Sipp
9 Jun 2005
It is sometimes said that an Englishman's home is his castle. But, from next April, he could also have a Spanish villa sitting tax-free in his Sipp.
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Matrix adds to fund of hedge fund range
8 Jun 2005
Matrix Money Management has created a fund of hedge funds investing in a portfolio of global macro hedge funds.
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Matrix reloaded
9 Jun 2005
Matrix Money Management is offering a top-up issue for the Matrix ascension plan 1, a capital-protected hedge fund.
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Matrix tops up
13 Jun 2005
Matrix Money ManagementMatrix Ascension Plan 1 Top Up
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Matrix warning of risk in macro move
9 Jun 2005
Matrix Money Management is providing access to a portfolio of global macro hedge funds from £10,000 but warns investors to be prepared for losses of up to 10 per cent a month.
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Matters of interest
9 Jun 2005
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Medicash tackles absenteeism
9 Jun 2005
Medicash health insurer is introducing two healthcare products to the intermediary market to help employers deal with absenteeism and staff retention.
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Menu confuses consumers, says PFS
9 Jun 2005
The Personal Finance Society says the payment menu is overcomplicated and claims that providers' commission structures confuse consumers.
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Merger creates eighth biggest advisory firm
9 Jun 2005
Smith & Williamson has merged with Solomon Hare to form the UK's eighth-biggest financial advisory firm in terms of turnover.
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Montpelier in merger with MTM
8 Jun 2005
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Morgan Stanley Investment Management - Sicav Euro Strategic Bond Fund
8 Jun 2005
Morgan Stanley Investment Management Sicav Euro Strategic Bond Fund
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Morgan Stanley Investment Management - Sicav European Property Fund
14 Jun 2005
Morgan Stanley Investment ManagementSicav European Property Fund
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Morgan Stanley Investment Management - Sicav Global Bond Fund
10 Jun 2005
Morgan Stanley Investment ManagementSicav Global Bond Fund
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Morgan Stanley Investment Management - Sicav US Bond Fund
13 Jun 2005
Type: Sicav Aim: Income and growth by investing mainly in dollar-denominated fixed-income securitiesMinimum investment: Lump sum £5,000Investment split: 42% government bonds, 21.7% corporate bonds,16.9% mortgages, 8.2% government agencies, 11.2% cash and cash equivalentsPlace of registration: LuxemburgCharges: Initial up to 4%, annual 0.8%Commission: Subject to negotiationTel: 020 7425 8701
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Mortgage Works cuts BTL rates and rental ratios
9 Jun 2005
The Mortgage Works is slashing its buy to let rates and improving its lending criteria, with effect from June 3.
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MP claims 'tidal wave' of tax avoidance is on way
9 Jun 2005
Liberal Democrat Treasury spokesman Lord Oakeshott has attacked A-Day changes, claiming a "tidal wave" of tax avoidance is on its way along with potential dangers for advisers who advocate putting residential property in Sipps.
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NAPF reveals support for Citizen's Pension
13 Jun 2005
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New lease of life for pension term cover
9 Jun 2005
Pension term insurance could be the next big seller in the protection market after A-Day, says Chadborn Baker & Kearle principal Peter Chadborn.
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Nic Cicutti
9 Jun 2005
Anyone who knows Janet Walford, the long-serving editor of Money Management, will also know that she is a feisty woman.
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No sense of morals
9 Jun 2005
A fund-based/trail commission model will curb commission abuse and build client relationships kerry nelson
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No winners in the L&G and FSA battle
9 Jun 2005
Legal & General may have had its fine for mortgage endowment misselling slash-ed almost in half by the independent Financial Services & Markets Tribunal but does this really constitute a victory?
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Openwork opens its doors to clients
9 Jun 2005
Openwork, the multi-tie distribution business owned by Zurich Financial Services, opens for business this week with 2,200 RIs.
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Out of context
9 Jun 2005
"I think we are the only senior management in this industry without a helicopter or racing car. Are we doing something wrong?" - Sesame's Charles Bryant.
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Parvest for the World
8 Jun 2005
BNP Paribas Asset ManagementParvest World Technology
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Pensioner poverty could become endemic, says Pru
9 Jun 2005
Over 50s currently outnumber the under 16s by almost two to one and more than 1.6 million retirees have returned to the workforce to bolster their income, according to Prudential.
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Philly souls
9 Jun 2005
Norwich Union pr supremo James Evans has spent the last couple of weeks kicking through the windows of an old woman in Philadelphia.
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Premier Mortgage Services founder Morag Laird retires
9 Jun 2005
Premier Mortgage Services is saying goodbye to its mortgage services manager Morag Laird after nine years which started when she helped found the business.
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Property federation in call for BTL regulation
9 Jun 2005
The British Property Federation is calling for residential buy to let to be regulated and says that until that happens lenders should agree a common minimum rent to interest cover of 130 per cent.
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Purcell stands down from Morgan Stanley
14 Jun 2005
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Revenue rethink on home reversion tax
8 Jun 2005
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Rich pickings
9 Jun 2005
Harry and Sally Rich are in their mid-50s. Their son is an impoverished student while their daughter is unhappily married to a wealthy man who they dislike.
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Richard Verdin on protection
9 Jun 2005
So Swiss Re has confirmed, in some detail, that sales of all term protection products fell from their previously dizzy heights last year (Swiss Re Term & Health Watch 2005).
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Rooftop removes all higher lending charges
14 Jun 2005
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Royal London sees 21% growth in new life and pensions sales
9 Jun 2005
Royal London has seen a 21 per cent increase in life and pension business for the first quarter with sales rising from 40.4m to 49m.
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Savings ratio falls as economy thrives
9 Jun 2005
The UK savings ratio average has fallen to 5.6 per cent, close to its record low of 4.9 per cent, according to research by Halifax Financial Services.
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Schroders partners in fund management venture in China
10 Jun 2005
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Scott takes over as F&C growth fund
8 Jun 2005
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Secret tapes reveal details of FSA probe
9 Jun 2005
FSA staff who were secretly recorded while investigating an IFA's complaints procedure spent 20 per cent of their time discussing issues such as sport and freemasonry.
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Sir Christopher Kelly
9 Jun 2005
The FOS chairman admits the watchdog does get spurious claims but says firms should be doing more to explain and says some providers are misusing the service by just outsourcing complaints
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Stammers quits Clerical and gets set for consultancy role
9 Jun 2005
Pension and regulation guru Nigel Stammers is leaving Clerical Medical after 21 years with the firm.
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Stay in May as stocks rise 4%
9 Jun 2005
This year could prove to be the exception to the stockmarket rule of sell in May and go away, says Halifax Financial Services.
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Stop paying and suffer the results
9 Jun 2005
What an interesting article about Jeremy Bradburne and particularly fascinating that one of his favourite cars is the Austin Martin.
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The mathematics of critical yield and added value
9 Jun 2005
Better a warning now on equity release than Which? inviting people to make a claim in five years time
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The officers' club
9 Jun 2005
It is possibly not uppermost in the mind of anyone newly appointed to an executive or non-executive position but all the same it is worth pointing out that in addition to the greater financial rewards often associated with such appointments there also comes additional personal liability for a negligent act.
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The right way to handle complaints
9 Jun 2005
Consumer Complaints and Compensation: A Guide for the Financial Services Market, by Adam Samuel, was published last month, and is the first book written on the subject.
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TMB launches new rates across its portfolio
10 Jun 2005
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Trust worthy
9 Jun 2005
Investment trusts have a strong performance story but Witan Investment Trust marketing director James Budden says they need win back advisers' confidence
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Trustnet top 10 tables offer guide to sector performance
9 Jun 2005
Trustnet has devised four top-10 tables to help investors compare multi-manager funds in different sectors.
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UCB Home Loans - Self Cert 2 Year Tracker
8 Jun 2005
UCB Home LoansSelf Cert 2 Year Tracker
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UK says hello to MS European property fund
9 Jun 2005
The Morgan Stanley Sicav European property fund is one of 11 Sicav funds recently registered for distributor status in the
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What is response to Blair's attack?
9 Jun 2005
No less a person than Tony Blair is concerned about the FSA "inhibiting the efficient business of respectable companies that have never defrauded anyone".
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Which? calls for pension compulsion
14 Jun 2005
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Win a free ticket to the Sipp and Retirement Options conference
9 Jun 2005
Suffolk Life is offering five free places at this month's Henry Stewart Sipps and Retirement Options conference, worth 500 each, to IFAs.
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Wintherthur to enter group Sipp arena
9 Jun 2005
Winterthur Life is to move into the group Sipp sector.
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WMS to hold Isle of Man investment software event
14 Jun 2005
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Wrap realities
9 Jun 2005
I have long believed that one of the best software applications for generating additional inc-ome for advisers is the pension profiler package from O&M Systems. I have referred to this software in Money Marketing as "a licence to print money for IFAs".
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Young women more likely than ever to declare bankruptcy
10 Jun 2005
