Money Marketing
9 April 2008
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HBOS targets expats with offshore arm
10 Apr 2008
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71% of advisers breaching TCF on wrap migration
11 Apr 2008
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A platform for change
10 Apr 2008
The FSA has warned that it has concerns about potential for conflicts of interest, extra consumer costs and inappropriate investment advice when using wrap platforms.
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A shaw thing
10 Apr 2008
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A&L reduces standard variable rate following base rate cut
11 Apr 2008
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Abbey withdraws last 100% deal
10 Apr 2008
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ABI disappointed at Lord Hunt's dismissal of external appeals process
9 Apr 2008
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Accord to withdraw products today
11 Apr 2008
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Adiviser -Latest News - Test article
15 Apr 2008
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Adviser fears allayed on offshore client tax
10 Apr 2008
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Advisers told not to rush into wrap
10 Apr 2008
Clerical Medical is warning advisers against rushing into wrap by highlighting problems that Australian advisers are having with legacy books on failed platforms.
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Aegon to launch variable annuity next month
15 Apr 2008
Aegon is understood to be launching a variable annuity product next month which follows on from its 5 for life product.
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Aifa attacks Hunt Review
11 Apr 2008
The Association of Independent Financial Advisers has criticised the Hunt Review, saying that the industry was expecting a more comprehensive report.
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Aifa praises new FSCS funding structure
14 Apr 2008
The Association of Independent Financial Advisers says the new funding structure of the Financial Services Compensation Scheme will see its members paying less towards the levy.
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Allianz Global Investors - Allianz RCM Global Agricultural Trends Fund
11 Apr 2008
Allianz Global InvestorsAllianz RCM Global Agricultural Trends Fund
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Application fees doubled on fixed rate mortgages, say mform.co.uk
15 Apr 2008
Application fees on the best buy fixed rate mortgage deals have nearly doubled in the past year, according to mform.co.uk.
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Ashley Clark
10 Apr 2008
Ashley Clark is a man on a mission. The co-founder of www.need-anadviser.com says he wants to see low-cost, fee-based and instantly accessible advice available to everyone in the world and he says technology is the key to achieving this goal.
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Assumptions bear no resemblance to reality
10 Apr 2008
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At retirement market to double within five years
11 Apr 2008
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AWD Chase De Vere will double adviser sales force
14 Apr 2008
AWD Chase De Vere has launched a new recruitment strategy that will look to double its adviser sales force by 2012.
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Axa introduces roving underwriter service
15 Apr 2008
Axa has introduced a roving underwriter service where underwriters will visit advisers around the country to answer their queries.
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Balanced view needed of bonds v mutual funds
10 Apr 2008
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Bank manager jailed after raiding dormant accounts
10 Apr 2008
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Bank of England cuts rates to 5%
10 Apr 2008
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Bank of Ireland to withdraw range today
10 Apr 2008
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Be seen but not herd
10 Apr 2008
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BNP Paribas in IMS multi-manager deal
10 Apr 2008
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BNY Mellon appoints Gartmore's Paul Feeney
11 Apr 2008
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Boost for longer-term availability
10 Apr 2008
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Bradford & Bingley deny rights issue rumours
14 Apr 2008
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Broker Talkback
10 Apr 2008
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Brokers angry as First Direct shuts door to new borrowers
10 Apr 2008
Brokers have questioned First Direct's decision to stop lending to new customers rather than reprice its mortgage rate.
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Brokers not intimidated by HSBC rate matcher deal
9 Apr 2008
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Brown Advisory announces US equity smaller companies launch
14 Apr 2008
Brown Advisory has announced the launch of a US equity smaller companies fund under the management of Tim Hathaway and Chris Berrier.
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BT will ring changes with insurance hub
10 Apr 2008
British Telecom is planning to launch an insurance hub it believes will overhaul the entire telecommunications and technology infrastructure of the UK financial services industry.
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BTL buckles in the crunch
10 Apr 2008
Until recently the buy-to-let sector was the one area that has held up under the pressure of the credit crunch. Lenders have been slower to tighten up criteria and restricting lending than in other sectors.
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Canada Life appoints Roger Smith as product development manager
9 Apr 2008
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Canada Life offers capital protection on standard annuity
10 Apr 2008
Canada Life says it is the first provider to offer capital protection on its standard annuity contract.
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Causes for concern
10 Apr 2008
So far this year, we have seen volatile stockmarkets, a painful credit crunch which still has to reveal its full damage and rising distribution costs.
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Cheshire Building Society - 10-Year Fixed
11 Apr 2008
Cheshire Building Society10-Year Fixed
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CML urges Mervyn King to show leadership
11 Apr 2008
The Council of Mortgage Lenders chairman Steven Crawshaw has urged Bank of England governor Mervyn King to show leadership in response to the credit crunch.
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Cofunds plans 4,000 fund links for institutional investors
14 Apr 2008
Cofunds is adding 1,000 instruments to its existing range of differently priced fund links for institutional investors.
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Collins Stewart launches new probate service
9 Apr 2008
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Combine harvester
10 Apr 2008
Our business was paper-based until 2003, when we discovered that the filing cabinets had much more office space than the staff.
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Commercial property ready for a comeback?
9 Apr 2008
New Star chairman John Duffield is feeling bullish about UK commercial property again.
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Conservatives attack Brown for ignoring IMF warnings
11 Apr 2008
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Coventry Building Society - First Time Buyer 6.99% Fixed
11 Apr 2008
Coventry Building SocietyFirst Time Buyer 6.99% Fixed
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Credit crunch dire for transactional advisers says Bradbury Hamilton
10 Apr 2008
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Cru leads alliance to create national IFA
10 Apr 2008
Cru Investment Management director Jon Maguire is launching an alliance forum of adviser firms which aims to become a national IFA in three years.
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Crunching the numbers
10 Apr 2008
Mortgage inter-mediaries have largely backed the open letter written to them by Premier Mortgage Service managing director John Malone that was published in Money Marketing last week.
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CSC to praise regulation of CMCs
15 Apr 2008
The Claims Standard Council will praise the Ministry of Justice for regulating the claims management sector at the trade body’s annual conference in Manchester tomorrow.
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Dawnay Day Quantum - Protected Commodities Dynamo
11 Apr 2008
Dawnay Day QuantumProtected Commodities Dynamo
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Duffield sees comeback for commercial property
10 Apr 2008
New Star chairman John Duffield believes the tide has turned for UK commercial property.
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Durell Software launches new fact find system
14 Apr 2008
Back office software provider Durrell Software is offering brokers a free fact find system.
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Duty of care
10 Apr 2008
Between September and December last year, the FSA visited 100 advisory firms, mystery shopping 50 of them. This was part of its ongoing efforts to gauge firms' commitment to treating customers fairly and the overall quality of financial advice. The FSA has now released its preliminary findings.
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EC poised to give GPP auto-enrolment the go-ahead
10 Apr 2008
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EC set for agreement on auto-enrolment in GPPs
10 Apr 2008
The European Commission has informally agreed that emp-loyees can be auto-enrolled into group personal pensions when personal accounts are introduced in 2012, Money Marketing understands.
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Editor’s view - Fair lending and foul lending / Time for Living Time?
11 Apr 2008
There has been a lot of talk of fairness and unfairness and mutterings of profiteering in the mortgage market. Having spoken to a few brokers, here is the editor’s tuppence worth.
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Em chief denies it is the end for packagers
10 Apr 2008
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Facts of life
10 Apr 2008
Until now, the Pensions Bill currently passing through the House of Commons has mainly been about two things.
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Financial services causes highest financial loss to consumers, says OFT
15 Apr 2008
More consumers suffer financial loss through dealings with financial services firms than any other product or service, according to the Office of Fair Trading.
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Firms under fire for defending lenders
10 Apr 2008
SimplyBiz and Mortgage Next have hit out at an open letter to brokers signed by mortgage clubs and networks, suggesting its support for lenders shows a lack of loyalty to brokers and borrowers.
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First loyalty should be to your customers
10 Apr 2008
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Forget about sympathy and get on with the job
10 Apr 2008
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FOS says Hunt recommendations have 'significant implications' for budget
9 Apr 2008
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Friends Provident relaunches online centre for advisers
14 Apr 2008
Friends Provident has relaunched its online information centre with additional content for advisers including webcasts, podcasts and blogs.
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Friends urged to rethink takeover
10 Apr 2008
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FSA fines Liberata £525,000 for system failures
9 Apr 2008
The FSA has fined third party administration firm Liberata Financial Services Limited £525,000 for failures in its systems and controls concerning documents for its life and pensions policyholders.
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FSA to appeal Financial Services and Markets Tribunal decision
10 Apr 2008
The FSA has applied for permission to appeal Financial Services and Markets Tribunal decisions in relation to Leeds-based solicitor firm Fox Hayes.
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FSCS levy set at £131.7m
10 Apr 2008
The Financial Services Compensation Scheme has set its levy for 2008/09 at £131.7m, with the industry set to pay an initial net levy of £28.3m in new money.
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Funding gap of £81bn in 2008, says Ward
15 Apr 2008
New Star chief economist Simon Ward says there could be a potential funding gap of £81bn this year.
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GE Money cuts BTL rates by 0.45%
10 Apr 2008
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GMAC-RFC to cut up to 280 jobs
15 Apr 2008
GMAC-RFC has confirmed it will be cutting up to 280 jobs, equating to 40 per cent of its workforce.
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Godiva Mortgages - Credit Impaired Near Prime Full Status 6.75% Flexx Fixed
11 Apr 2008
Godiva MortgagesCredit Impaired Near Prime Full Status 6.75% Flexx Fixed
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Green grosser
10 Apr 2008
Jupiter's £306m ecology fund celebrated its 20th anniversary last week.
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Hambi replaced in Gartmore multi-manager restructure
10 Apr 2008
Gartmore head of multi-manager Bambos Hambi has been replaced by his deputy Tony Lanning in a restructure of the product range.
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Hargreaves Lansdown’s Sipp investments leap 50%
9 Apr 2008
Hargreaves Lansdown’s third quarter revenue rose following growth across its private investor platform and advisory and discretionary divisions.
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HBOS rejects repeat of 1990 housing crash
10 Apr 2008
HBOS chief economist Martin Ellis believes a repeat of the 1990s housing crash is extremely unlikely in the foreseeable future.
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Held to account
10 Apr 2008
There is a lovely phrase - its provenance is somewhat uncertain - which is "the triumph of technique over purpose". It has many applications within and outside our industry and probably nowhere more so than with the FSA.
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Helm Godfrey profits up 13 per cent
15 Apr 2008
Helm Godfrey has announced net profit growth of over 13 per cent from £660,000 in 2006 to £744,000 last year.
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Hip takeover for Green CO2
10 Apr 2008
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Home loans down by third on 2007
10 Apr 2008
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House prices down 2.5% in March
10 Apr 2008
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HSBC extends rate matcher deal to all UK homeowners
9 Apr 2008
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HSBC loses data on 370,000 customers
10 Apr 2008
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Hunt Review of FOS calls for crackdown on claims chasers
9 Apr 2008
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India insight
10 Apr 2008
I am not normally keen on single-country funds but I believe that the new Jupiter India fund offers outstanding opportunities.
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Industry facing £28m FSCS levy
10 Apr 2008
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Invesco boosts AJ Bell stake
10 Apr 2008
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Invesco set to boost international range
10 Apr 2008
Invesco Perpetual is investigating the launch of a number of international offerings in a bid to return its international range to the forefront of its business.
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It pays to Pioneer
15 Apr 2008
The champion of the week is Pioneer, which paid out on 96 per cent of income protection claims last year.
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JC Flowers could abandon chase for Friends
11 Apr 2008
JC Flowers could walk away from a potential deal with Friends Provident before the end of the month deadline which has been imposed by the embattled life insurer.
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JC Flowers will not increase offer for Friends
14 Apr 2008
JC Flowers is refusing to increase its 150 pence per share offer for Friends Provident and says it will withdraw its proposal by the end of this week if the life office does not enter into discussions.
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JOHCM entices Chris Lees to launch new strategies
9 Apr 2008
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JP Morgan fund aiming to tap into global trends
10 Apr 2008
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Kensington's April BTL tranche already full
10 Apr 2008
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King called on to back British economy
10 Apr 2008
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Kingfisher appoints Hargreaves Lansdown as group Sipp provider
9 Apr 2008
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Leadership qualities
10 Apr 2008
The mortgage industry is not in the business of offering charity. There is regulation to be adhered to, there are customers or clients - take your pick of the terminology - to be served and serviced. There is money to be made within the law and within regulations.
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Legal & General - Growth Investment Plan Plus 13
11 Apr 2008
Legal & GeneralGrowth Investment Plan Plus 13
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Lyxor Asset Management - Lyxor ETF Dow Jones Industrial Average
11 Apr 2008
Lyxor Asset ManagementLyxor ETF Dow Jones Industrial Average
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Lyxor Asset Management - Lyxor ETF MSCI World
11 Apr 2008
Lyxor Asset ManagementLyxor ETF MSCI World
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Maximum impact from Impax
11 Apr 2008
Specialist environmental manager Impax Asset Management has introduced a fund that will invest globally in big and medium-sized companies that are developing products or services to solve the world’s environmental problems.
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Money Marketing Markets: ‘Rate cuts, Libor and teacakes’
11 Apr 2008
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'More will follow HBOS loan move'
10 Apr 2008
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MPs lack business experience
10 Apr 2008
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Multi-asset fund makes the grade
10 Apr 2008
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Nationwide withdraws selected fixed rate products
10 Apr 2008
Nationwide has withdrawn a selection of its fixed rate products and its open market home buy scheme.
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Neptune hires ex Barclays md Richard Green
11 Apr 2008
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New firm could take 7IM stake
10 Apr 2008
Speculation is mounting that another firm is to take a stake in Seven Investment Management in a move that could see Zurich dilute its current 49 per cent holding.
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New Star appoints three fund managers
10 Apr 2008
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New Star books a passage to India
10 Apr 2008
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NLA launches buy-to-let service
14 Apr 2008
The National Landlords Association has launched a free service that enables landlords to source a range of buy-to-let mortgage products from a panel of lenders.
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NU academy signs up 550 in its first week
10 Apr 2008
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Objectivity holds the key
10 Apr 2008
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Offshore foundations key to avoiding non-dom tax, says SCF Group
9 Apr 2008
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On the Way to a winning combination
10 Apr 2008
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Open doors to closed books
10 Apr 2008
Recent research by Ernst & Young has identified that there is over £250bn of assets in closed funds.
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Osborne pushes collateral swap programme
14 Apr 2008
Conservative Shadow Chancellor George Osborne has called for a broader collateral swap programme to combat the credit crunch.
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Pain speaking
10 Apr 2008
By the middle of last week, markets were feeling a little calmer and it was beginning to look as though the FTSE was capable of climbing above 6,000. However, the fact remains that news is still not improving. With UBS announcing further write-offs and its chief executive falling on his sword, it is clear that turmoil in credit markets has some way to run yet. In the UK, we saw the fourth consecutive month of falling house prices and the number of lenders withdrawing their mortgage products ...
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Panic button
10 Apr 2008
Every now and then I find myself on the receiving end of a tidal wave of emails from readers keen to correct any wrong points made in one of my columns.
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Pension Corp waters down plans for Telent scheme
14 Apr 2008
The Pension Corporation has agreed to water down its plans for the Telent pension scheme after a six month battle with the Pensions Regulator.
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Pension is the drug and I need to score
10 Apr 2008
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Pioneer paid 96% of income protection claims in 2007
9 Apr 2008
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Plum launches commission matching software
15 Apr 2008
Plum Software has released a new application which it says makes the process of matching commission statements against expected income “virtually instantaneous”.
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Positive response
10 Apr 2008
Conditions in financial markets remain difficult and the volatility that has been with us for the last year or so continues to be a feature. Sharp swings in market indices are occurring on an almost daily basis as investors react to the latest set of economic data or corporate news release.
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Positive Solutions' Reeve joins Aifa council
10 Apr 2008
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Proc fees set to be slashed
10 Apr 2008
Independent mortgage consultant Kevin Duffy is warning that procuration fees could be cut in the next wave of belt tightening to hit the industry.
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Product matters - Simon Webster
10 Apr 2008
Places for People and the Co-operative Bank in conjunction with HomeBuy have come up with something for those trying to get on to the housing ladder.
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Professional bodies sign declaration on standards
10 Apr 2008
Four professional bodies, including the Chartered Insurance Institute and the Institute of Financial Planning, have signed a joint declaration of principles setting out how they will supervise advisers in the future.
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Protection points
10 Apr 2008
With the Budget out of the way and spring rolling round, a new tax year is upon us and talk of tax, tax forms, tax breaks - the list goes on - fills the money section newspaper columns.
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Prudential draws up shortlist for new chairman
15 Apr 2008
Prudential is thought to have drawn up a shortlist of potential candidates to take over from chairman Sir David Clementi before the end of the year.
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Range of options from Lehman Bros
11 Apr 2008
Lehman Brothers has brought out the enhanced deposit plan, a FTSE 100-linked guaranteed equities bond with two investment options.
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Rate changes a go-go
11 Apr 2008
Mortgage brokers are continuing to deal with the difficult task of finding mortgages for their clients in an environment which sees some lenders reprice up to three times a week.
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RBS cuts up to 200 jobs
10 Apr 2008
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Record numbers of chartered surveyors report house price fall
15 Apr 2008
A record number of chartered surveyors have reported a fall in house prices with little expectation that demand will improve, according to the latest RICS survey for March.
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Research and deliver
10 Apr 2008
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Richard Lloyd quits Schroders
15 Apr 2008
Schroders co-head of structured investments Richard Lloyd has quit the firm after 11 years.
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RPC hits out at Hunt Review recommendations
11 Apr 2008
The Hunt Review’s proposal to award wooden spoons to firms with particularly poor complaints records would put unfair pressure on companies not to oppose complaints, says law firm Reynolds Porter Chamberlain.
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Sanlam acquires 60 per cent stake in Buckles
11 Apr 2008
South African financial services group Sanlam has acquired a 60 per cent stake in adviser firm Buckles.
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Scot Wids adds income drawdown to retirement accoun
11 Apr 2008
Scottish Widows has added retirement income, an unsecured personal pension option, to its retirement account.
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Sense of gilt
10 Apr 2008
In recent weeks, the gilt market has been mov-ing to a global rhythm rather than a specifically UK one. The UK has its own market idiosyncrasies which are apparent in the shape of the UK gilt yield curve compared with the US and European curves but the dominant global theme remains the credit crisis and the liquidity crunch accompanying it.
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Setting sales
10 Apr 2008
Does the regulator believe that financial services and products are bought or that they are sold?
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Seven uses ETFs for passive fund range
10 Apr 2008
Seven Investment Management believes the introduction of its asset-allocated passive funds of funds is part of a Darwinian evolution of the multi-manager concept.
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Shareholders to vote on Transact's future
10 Apr 2008
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Shepherds Friendly - Mortgage Payment Protection Insurance
11 Apr 2008
Shepherds FriendlyMortgage Payment Protection Insuranc
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Skandia announces best ideas manager meet and greet
11 Apr 2008
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Skandia fund is too alternative for some advisers
10 Apr 2008
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Skandia launches new European Best Ideas fund
11 Apr 2008
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Skipton takes 75% stake in Scottish IFA
10 Apr 2008
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Smart thinking
10 Apr 2008
Two strands of industry comment have drawn my interest in the last few weeks. They involve the re-emergence of broker funds and the question of whether platform users can justify higher charges.
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Spink to implement Rock reforms at FSA
10 Apr 2008
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Stagecoach to use Sipp as default fund
10 Apr 2008
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Standard Life global Reit leaps into Baltic Sea
10 Apr 2008
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Survey shows HMRC staff disgruntled
10 Apr 2008
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SVM offers cautious and balanced fund
10 Apr 2008
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T.Bailey goes for the right Way to Invest
11 Apr 2008
The Way GroupWay MA Growth Portfolio
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Tactica goes for natural progression
11 Apr 2008
Tactica Fund Management UKS&W Tactica Growth Portfolio
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Thames River tips smaller firms for return to form
10 Apr 2008
Thames River Capital's multi-manager team says funds focused on mid and small caps are a potential investment opportunity.
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The efficient frontier spirit
10 Apr 2008
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The Hunt is on
14 Apr 2008
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The last waltz?
10 Apr 2008
I am an Australian national and a UK non-domicile for tax purposes. Is there any point in me maintaining an offshore trust? What should I do with my other overseas assets following the new tax rules that have recently come into force?
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The mean season
10 Apr 2008
It was a decent headline grabber at the time. Mike Webb, the former head of retail at Invesco Perpetual, proclaimed: "We could lose a generation of investors."
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The Way Group - Way MA Growth Portfolio
11 Apr 2008
The Way GroupWay MA Growth Portfolio
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Thinc spree continues with FS3 acquisition
10 Apr 2008
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Thirty dancing
10 Apr 2008
Much attention has been given to the proposed new provisions for the additional charge payable by long-term UK residents who are either not UK-domiciled or not UK ordinarily resident and who wish to use the favourable remittance basis for income and gains arising overseas.
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Tisa establishing retirement council
10 Apr 2008
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Tracker rates edge above SVRs
10 Apr 2008
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Treasury appoints Crosby to chair credit crunch working group
9 Apr 2008
Former HBOS chief executive Sir James Crosby has signed on to chair a Treasury credit crunch working group.
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Troubled times bring challenges
10 Apr 2008
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UNIFi Partners opens its unsecured portal
10 Apr 2008
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VCTs dip by 25%
10 Apr 2008
Venture capital trusts have seen a fall of over 25 per cent in new investments for 2007/08.
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Ward calls for coordinated action by BoE and DMO
11 Apr 2008
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Warning of broad brush approach to bonds
10 Apr 2008
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Whose conflict is it anyway?
10 Apr 2008
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Woodford warns against deserting equities
10 Apr 2008
Invesco Perpetual head of investment Neil Woodford has called on investors to resist deserting equities in the current economic environment.
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Woolwich cuts SVR by 0.25%
10 Apr 2008
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Woolwich helps long-term boost
11 Apr 2008
Woolwich10-Year Fixed Rate
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Work together
10 Apr 2008
I have been quick to criticise the doom-mongers in the past who have been talking the mortgage market down and negatively affecting overall consumer confidence.
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Wrap - This week's issue - article - test
11 Apr 2008
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Yield of dreams
10 Apr 2008
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Yorkshire BS to open two new branches
15 Apr 2008
Yorkshire Building Society will be opening two new branches this year, taking its number of branches up to 136.
