9 June 2011
Dominik Lipnicki says that banks have no choice but to keep repossessions at bay despite a tougher stance on forbearance from the regulator.
Kim North suggests predictions banks will scoop up IFA clients post-2012 are wide of the mark.
Nic Cicutti says greater promotion of IFAs is needed as new service has a number of flaws.
Alan Lakey says the fact that the FOS ignores the 15-year long stop singles the industry out for the removal of its human rights.
John Greenwood says making Omo the default position is the only way the pensions industry is going to rid itself of the bad press around the at-retirement market.
Tom Kean says over-regulation has left us with teetering pensions, unequal products and fewer consumers with confidence in the money they save.
Money Advice Service advert contradicts RDR aim of ensuring consumers are aware advice should be valued and paid for.
Stuart Fowler says the IMA’s approach to re-naming the managed sectors may encourage a reasoned approach to risk and return in the long run.
Aifa has criticised the FSA for introducing “significant” changes to its adviser-charging rules with only 18 months to go until the RDR deadline.
Julian Marr has his say on the IMA’s decision to rename the managed sectors.
AWD Chase de Vere has recruited 17 ex-Barclays Financial Planning advisers and three managers to work in its regional offices.
The FSA is warning investors to seek independent advice before entering into “expensive” agreements with companies offering loans against their pension fund as a form of early access to their savings.
DWP plans to extend the qualifying conditions of FAS to allow members of failed schemes, such as the George and Harding pension scheme, to be covered by the regulations.
Investec Asset Management reduced the income payments on its £74m managed distribution fund in May without notifying investors after an admin error saw too much money paid out of the fund in previous payments.
LEBC is in discussions with six DB pension schemes about using enhanced annuity-style mortality information to “substantially” cut the cost of de-risking exercises.
“You have to admire anyone who does anything, whether it’s running or drinking, to the point when they vomit.”
Prudential is switching its £192m managed defensive and £62m cautious managed growth funds from active to passive and launching three new passive funds.
Cofunds head of strategic relations Ron Gillies has left to join Guernsey-based Renaissance Asset Managers as director of UK distribution and head of UK sales.
Natalie Holt interviews the IMA’s Guy Sears who is pressing for a probe into adviser firms who sold Keydata products
Bestinvest chief executive Peter Hall says the firm’s new platform Select fills a gap in the lower-cost platform market.
Paul Matthews takes the role from David Nish, who will now focus on the group’s overall strategy.
Keydata founder Stewart Ford has lodged a complaint with the FSA alleging that the regulator delivered his confidential copy of the Keydata preliminary investigation report to his ex-wife.
The Tax Incentivised Savings Association says the Government would be unable to ban enhanced transfer value exercises within the current legislative framework.
Virgin Money says it may distribute its mortgage products through intermediaries if its bid to acquire Northern Rock plc and 600 Lloyds Banking Group branches is successful.
If Virgin’s bid to take over Northern Rock and hundreds of Lloyds’ branches is a success, the big banks will face a serious challenger almost overnight, reports Paul Thomas