Money Marketing
9 May 2007
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£4.8M payoff for Resolution chief
10 May 2007
Former Resolution group chief executive Paul Thompson received a £4.8m pay-off following his departure from the group in March, it was revealed in Resolution's annual report last week. It was also revealed he received £6,000 towards his legal costs incurred in connection with his departure and payment of £60,000 was also made in settlement of any potential legal claims, suggesting he may have contested his departure.
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Euro body backs Equitable report
10 May 2007
The European Parliamen-tary committee of inquiry into Equitable Life has approved its controversial report accusing the UK Government of a light-touch approach to regulation and "piecemeal" implementation of European legislation. The report now goes to the parliament.
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330 People a day file for insolvency
10 May 2007
A record 330 people a day are filing for bankruptcy or individual voluntary arrangements, with 30,075 in the first quarter, up by 24 per cent on 2006, says Grant Thornton.
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97 per cent of Pioneer claimants received payout last year
14 May 2007
Protection provider Pioneer Friendly Society has announced that 96.89 per cent of their policyholders who made a claim in 2006 received a payout. Musculoskeletal and back injuries accounted for 30 per cent of claims, while operations were the cause of 16 per cent and fractures made up 11 per cent of the total. Pioneer chief executive Andrew Chapman says: “We believe that income protection should be a core product for the working population, however, the industry has a big ...
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A Shaw thing
10 May 2007
Sam Shaw is a reporter on Money Marketing
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Abbey set for sub-prime tie with Merrill
10 May 2007
Abbey looks set to launch into the sub-prime market in a tie-up with investment bank Merrill Lynch, Money Marketing understands.
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ABI conference: Less than half of insurers want more principles
10 May 2007
Less than half of insurers believe more principle based regulation will deliver consumer benefits, says KPMG.
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ABI conference: Tories look to scrap stamp duty on shares
10 May 2007
Shadow Chancellor George Osborne has given his strongest hint yet that a Conservative Government would move to scrap or reduce stamp duty on shares.
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ABI welcomes FSA's contracting out decision
9 May 2007
The ABI has welcomed the FSA’s conclusion that there was no evidence of widespread misselling in the contracting out of Serps.
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ABI's act of war
10 May 2007
I was gripped with a sense of deja vu when reading the ABI's draft response to the FSA distribution review.
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Adviser Fund Index
10 May 2007
Recent inflation data published by the Office for National Statistics has called into question the Adviser Fund Index panellists' predictions on interest rates.
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Adviser stole thousands in cash from 90-year-old client
10 May 2007
A mean-spirited financial adviser repeatedly stole from an elderly client to fund a luxury lifestyle.
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Advisers look to their own when choosing net service
10 May 2007
Fifty-six per cent of advisers believe recommendations from other intermediaries is the most important factor when choosing a new online business service.
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Advisers positive on Shah announcement
15 May 2007
IFAs have backed Fidelity’s decision to replace Anthony Bolton with Sanjeev Shah.
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AEGON Asset Management strengthens institutional sales team
11 May 2007
AEGON Asset Management is strengthening its Institutional business development team with the appointment of Jonathan Dadswell as head of corporate pensions and Mandy Amadou as consultant relations manager.
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Aegon pulls the plug on tech fund
10 May 2007
Aegon technology shut down last week after 22 years.
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Aegon Scot Eq joins Thinc protection panel
14 May 2007
Thinc Group has announced the addition of Aegon Scottish Equitable to its multi-tie protection panel. Aegon Scottish Equitable will offer its range of personal and business protection products including critical illness cover, income protection and term assurance. Aegon chief executive Otto Thoresen says it is an important step forward in its aim to reach a wider range of customers. He says: “The partnership means that our protection proposition will now be available ...
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Aegon's pensions new business soars 37 per cent
9 May 2007
Aegon UK has released its first quarter results which show a 37 per cent rise in life and pensions new business compared with the same period last year.
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Aifa calls for regulatory dividend and focus on competitiveness
11 May 2007
Aifa has called for the delivery of a regulatory dividend to the industry in exchange for its commitment to a principle based regime.
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Aldridge takes reins at M&G intl growth fund
10 May 2007
M&G has named Greg Aldridge as the new lead manager of the £456m international growth fund, replacing Graham French.
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Alleston re-elected Pension Trust chairman
10 May 2007
The Pensions Trust has re-elected John Alleston as chairman of its board and Clive Unitt as deputy chairman.
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Alliance & Leicester - PlusMortgage Five-Year Fixed
11 May 2007
Alliance & LeicesterPlusMortgage Five-Year Fixed
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Alliance & Leicester - Self Certified - 2 year Base Rate Tracker 5.15%
11 May 2007
Alliance & LeicesterSelf Certified - 2 year Base Rate Tracker 5.15%
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Artemis pledge on ABN buyout
10 May 2007
Artemis has reassured advisers that the buyout of parent group ABN Amro will not affect the running of the fund firm in any way.
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Assetz launches new commercial property fund
9 May 2007
Assetz has launched a new commercial property fund in response to a shortage of new build small office units in key locations such as the North West.
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Awards for adviser website
10 May 2007
The IFA Life website awards aim to reward advisers for making innovative use of internet marketing. Categories include web awards for best network, national, and support service provider offering. Nominations can be made to awards@ifalife.com.
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Axa rumoured to be eyeing up Friends Provident
11 May 2007
Shares in Friends Provident rose 8.4 per cent yesterday on the back of speculation that the life group is being eyed by Axa for a potential takeover.
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Balls to take Barclays PPI complaint to FSA
10 May 2007
Treasury economic secretary Ed Balls says he will raise complaints made in Parliament about Barclays' payment protection insurance sales procedures with the FSA.
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Balls will be main speaker at Aifa dinner
10 May 2007
Treasury Economic Secretary Ed Balls will be the main spea-ker at Aifa's annual dinner.
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Bank of England raises base rate to 5.5 per cent
10 May 2007
The Bank of England's Monetary Policy Committee has raised the base rate by 25 basis points to 5.5 per cent, as was widely anticipated.
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Barclays - Defined Returns Plan Issue P8
11 May 2007
BarclaysDefined Returns Plan Issue P8
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Barclays - Defined Returns Plan Issue P8 - Annual Kick-Out Option
11 May 2007
BarclaysDefined Returns Plan Issue P8 - Annual Kick-Out Option
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Barclays Global Investors - iShares FTSE Bric 50
11 May 2007
Barclays Global InvestorsiShares FTSE Bric 50
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Beacon Homeloans - Fastrack Three-Year Fixed
11 May 2007
Beacon HomeloansFastrack Three-Year Fixed
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Beacon Homeloans - Light Adverse Two Year Fixed Rate
11 May 2007
Beacon HomeloansLight Adverse Two Year Fixed Rate
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Bedlam Asset Management - Cherry Picker Investment Trust
11 May 2007
Bedlam Asset ManagementCherry Picker Investment Trust
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Behind the numbers
10 May 2007
Here is a poser for you - when is good news "not so good" news?
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Big bond spectacular
10 May 2007
When conditions turn, the patient stockpicker should be able to play the bond market to their advantage.
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Blair’s reign brought nothing but problems, say advisers
11 May 2007
Tony Blair’s reign as Prime Minister has brought about nothing but pension problems and other concerns about the future of the industry, according to IFAs. Many advisers are fuming that Blair gave Gordon Brown so much control over the finance industry and claim he’s caused havoc for providers and consumers. Richard Jacobs Pension and Trustee Services director Richard Jacobs says the creation of the Monetary Policy Committee was a master stroke but the debacle over pensions ...
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BM Solutions extends capped rates to mainstream and self-cert
15 May 2007
BM Solutions has introduced capped rates to its mainstream and self-cert ranges. The launch follows BM's recent move to introduce capped rates to its Buy to Let range. In the mainstream range is a two year product tracking the Bank of England base rate at minus 0.16 per cent, capped at 6.09 per cent. Self cert products start at 5.54 per cent, capped at 6.29 per cent. BM Solutions head of key accounts Iain Williamson says: "Following recent rate rises, capped rates ...
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Boutique parade
10 May 2007
Neal Underwood on the growing battle between big and small multi-manager companies.
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Break down the barriers to change
10 May 2007
The smart money is on some significant changes being introduced as a result of the retail distribution review, with the first discussion paper due out in June.
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Broker Talkback
10 May 2007
Will improving with-profits returns encourage you to put new client money into with-profits?
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Brown study
10 May 2007
What will be the Chancellor's legacy for the financial services industry?
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Buy-to-let tracker set at 6.24%
10 May 2007
Leeds Building Society is offering a buy to let tracker mortgage at 6.24 per cent. It is available up to 80 per cent LTV with no higher lending charge and no penalty on additional repayments.
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Caps on a hot tin roof
10 May 2007
Disagreement over the future direction of interest rates means that the advantages of cappedrate mortgages are difficult to weigh up. By Helen Pow.
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Caris is out of tune
10 May 2007
Caris, Caris what on Earth is Caris as the song doesn't exactly go.
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Caris on commission
10 May 2007
Nicola York reports that the ABI feels misunderstood over its proposals to shake up distribution.
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Cazenove chooses absolute return for downside protection
10 May 2007
Cazenove says its strategy of investing exclusively in absolute-return equity funds in its multi-manager managed equity fund will generate higher returns than its peers in the long term.
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Cheltenham & Gloucester - Five Year Fixed Year Buy-to-Let
11 May 2007
Cheltenham & GloucesterFive Year Fixed Year Buy-to-Let
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Cheltenham & Gloucester - Two Year Buy-to-Let Tracker
11 May 2007
Cheltenham & GloucesterTwo Year Buy-to-Let Tracker
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CII firms offered chartered status
10 May 2007
The Chartered Insurance Institute has introduced chartered status for financial planning firms in a bid to reinforce professionalism in the industry.
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Clark joins FSCS
14 May 2007
The Financial Services Compensation Scheme has appointed Jonathan Clark as director of claims.
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Close offers capital-protected fund
10 May 2007
Close Fund Management is setting up Close enhanced commodities II, a capitalprotected fund offering 200 per cent of the upside of a basket of commodities if held for its six-year term.
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Confusion reigns
10 May 2007
Like the spoof letter at the start of this column, the ABI's language is ludicrous.
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Connect Mortgage will pick the professionals
10 May 2007
Outsourcing company Connect Mortgages is going to select its best brokers based on criteria such as professionalism and ethical practice and discard the rest.
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Consolidation nation
10 May 2007
Simon Burgess, managing director of Britishinsurance.com, believes that emerging consolidators may offer a better deal than networks for advisers who are looking to retire and sell their business.
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Cru in loan service to fund IFA buyouts
10 May 2007
Cru Investment Management has started a lending service to finance IFA practice buyouts.
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Dalton launches pan-Asian fund
10 May 2007
Dalton Strategic Partnership has set up a pan-Asian fund. The Melchior panAsian advantage fund is a thematic portfolio that will invest in around 45 to 75 stocks.
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Dalton Strategic Partnership - Melchior Selected Trust: UK Opportunities Fund
11 May 2007
Dalton Strategic PartnershipMelchior Selected Trust: UK Opportunities Fund
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Decision time for Fidelity
9 May 2007
It is only one week now before Fidelity unveils Anthony Bolton’s long-term successor who will head up its £3.1bn Fidelity UK special situations fund.
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Dividend and rule
10 May 2007
Anthony Nutt, manager of the Jupiter income trust and high-income fund, says the search for companies that pay growing dividends is going global.
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Don't just go with the offshore income flow
10 May 2007
Such is investor demand for income that funds with this mandate now extend into regions normally associated with growth, such as Japan and the Far East. With competition so heated in the UK equity income space, where the four biggest funds all have assets of more than £3.5bn, numerous geographical portfolios with an income target have been launched.
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Dynamic Point of Sale supports throughout the advice process
10 May 2007
Distribution Technology has launched Dynamic Point of Sale, a proposition supporting the advice process from customer acquisition through to ongoing client management.
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Exit marks the spot
10 May 2007
The outrageous charges being made by lenders for mortgage exit administration fees has brought the industry into disrepute with the public.
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Fama is the spur
10 May 2007
What can we learn about markets from Eugene Fama's efficient market hypothesis?
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Fortis to supply client with S&P fund research
14 May 2007
Fortis Private Banking has signed an agreement to supply clients with qualitative fund research from Standard & Poor's Fund Services.
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Friends Prov buys Sesame
15 May 2007
Friends Provident has bought Sesame for around £75m and high net worth IFA firm Pantheon for £16.8m plus further payments over the next three years depending on performance.
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FSA chief John Tiner delivers defiant swansong speech
11 May 2007
Outgoing FSA chief executive John Tiner says the life insurance industry is unrecognisable today compared to when he joined the regulator in 2001.
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FSA fines BNPP Private Bank £350,000 for fraud failings
10 May 2007
The FSA has fined BNPP Private Bank £350,000 for weak anti-fraud systems after a senior employee fraudulently transferred £1.4 million out of clients’ accounts without permission.
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FSA fines Charterhouse £122,500
15 May 2007
The FSA has fined Charterhouse Consulting Wealth Management £122,500 for carrying out discretionary portfolio management without permission and for various conduct of business failings.
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FSA gives industry clean bill of health on contracting out
9 May 2007
The FSA says it has found no evidence of widespread misselling after concluding its investigation into contracting out of S2P.
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FSCS writes to 4,500 clients as Exeter FM declared in default
10 May 2007
The Financial Services Compensation Scheme has received letters from over 700 former clients of Exeter Fund Managers after it was declared in default last week.
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Gordon Brown pledges further 100,000 homes
14 May 2007
Gordon Brown has said he wants to see five new eco towns built in a bid to combat the South East’s housing shortage.
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Hargreaves Lansdown valued at £759m
15 May 2007
Hargreaves Lansdown has today announced that the offer price for the initial public offering of its ordinary shares has been set at 160 pence per share setting its market value at £759m.
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Haven’t you all done well, then?
10 May 2007
Quite a few sets of results have landed on my desk over the last week with Burns-Anderson, Mint, Positive Solutions and St James’s Place all quick to shout about their booming businesses from the rooftops.
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Health check
10 May 2007
Last week, Aifa hosted a gathering of some of the leading advisory firms, the regulator and consumerists to spell out four key changes that Aifa sees as instrumental to the long-term health of financial services.
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HMRC system flaw causes up to half a million women to miss out on full state pension
14 May 2007
Up to 500,000 women in the UK may be missing out on a full state pension because of a flaw in an automated HMRC system, according to adviser Grant Thornton.
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House prices rise by 0.7 per cent in April
11 May 2007
House prices rose by 0.7 per cent in April and by 8.4 per cent over the past 12 months, according to the latest FT House Price Index.
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HSBC Investments - GIF Bric Freestyle
11 May 2007
HSBC InvestmentsGIF Bric Freestyle
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It takes tools to tango
10 May 2007
Technology is essential to IFA firms but should they buy off the shelf or bespoke?
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Jupiter - European Income Fund
11 May 2007
JupiterEuropean Income Fund
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Knight moves
10 May 2007
Sam Shaw looks at what might be in store for a sub-prime pioneer.
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L&G chief joins Credit Suisse UK equity team
10 May 2007
Credit Suisse has added to its UK equity team, with Marcus Hankey moving from Legal & General to become director and portfolio manager.
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Lawrence House revamps portfolio in search for yield
10 May 2007
The Lawrence House cautious managed fund has taken a position in the Chelverton UK equity income fund while replacing the L&G all stocks gilt index fund with Gartmore's high-yield corporate bond fund.
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Leeds Building Society - Fee Free Three Year Fixed Rate
11 May 2007
Leeds Building SocietyFee Free Three Year Fixed Rate
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Lighthouse launches commercial lending service
15 May 2007
Lighthouse Group has launched a commercial lending service to its 600 advisers.
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Lion roars again
10 May 2007
The problem with process-driven investment philosophies is that the time always comes when they seem to break down. Stockmarkets are unfortunately made up of lots of human beings who, of course, behave both rationally and irrationally. Sometimes, therefore, the market will behave somewhat bizarrely and scupper even the most watertight process temporarily.
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Lutine Assurance - Long Term Assurance
11 May 2007
Lutine AssuranceLong Term Assurance
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Luxury or necessity?
15 May 2007
Which? took a controversial line on critical illness insurance this month by calling it a luxury product.
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Making advances
10 May 2007
During 2006, Beckett Financial Services instigated a strategic review to consider the best way to evolve our client proposition to ensure that we maintained a client offering that continued to place us at the forefront of the advisory market.
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Manor Park - Global Growth Fund - Jun 2007 Series
11 May 2007
Manor ParkGlobal Growth Fund - Jun 2007 Series
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Manor Park - UK Capital Growth Fund - Jun 2007 Series
11 May 2007
Manor ParkUK Capital Growth Fund - Jun 2007 Series
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Manor Park - UK Selected Growth Fund
11 May 2007
Manor ParkUK Selected Growth Fund
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Massow accuses Zurich in court
10 May 2007
Former IFA Ivan Massow claimed in court last week his business was wrecked by Zurich over an agreement to sell protection insurance and mortgages to gay people.
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McCarthy praises journalists
10 May 2007
FSA chairman Sir Callum McCarthy has told journalists they should be pleased with the way they make consumers aware of their rights.
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McCarthy's challenge
10 May 2007
Providers and advisers must work together to improve the current model.
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Mega mouth
10 May 2007
Reading Bill Mott's first report on the PSigma income fund that launched recently, I was encouraged by the stance he is taking.
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Mint profit up as turnover leaps
10 May 2007
Mint saw a fourfold profit increase last year and the firm says it is on course to grow its turnover to £15m this year.
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MM Live: Barclays describes ideal IFA model
10 May 2007
Barclays has laid out a plan for IFAs to be earning at least £200,000 within three years on an ongoing basis.
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MM Live: Bolton warns brokers retention fees only a smokescreen
10 May 2007
Edeus chief executive Michael Bolton says brokers should beware of lenders offering retention fees as they are only a smokescreen.
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MM Live: Kirwan says declined policies is biggest issue facing protection
10 May 2007
ABI protection committee chairman Nick Kirwan says declined policies is the biggest issue facing the protection industry and must be sorted out quickly.
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MM Live: Providers grilled over ABI proposals
10 May 2007
Providers faced tough questions at today's Money Marketing Live regarding the ABI's retail distribution review proposals but stressed to the packed room that a move to factory gate pricing would be in the best interests of advisers and their clients.
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MM Live: Redwood’s group to focus on reducing FSA fees
10 May 2007
Head of the Conservative Economic Competitiveness Group John Redwood has pledged to focus on reducing the size and strength of the FSA and lowering regulatory fees for advisers.
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More TCF work required, says new consultancy
11 May 2007
The industry still has a long way to go to embrace TCF, according to a new consultancy.
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MPC announce Ghambir hedge fund details
9 May 2007
MPC Investors has announced that Ajay Gambhir, who joined from JPMorgan Asset Management at the beginning of May, is to launch a European equity long/short hedge fund on 17th September 2007.
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MPs call on Government to go further with the FAS
15 May 2007
The public administration select committee has called on the Government to extend its help for victims of occupational scheme collapses to those schemes wound up by solvent employers.
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MPs set for Hip debate
10 May 2007
The House of Commons' debate on home information pack legislation has been scheduled for May 16.
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Nationwide under fire as 25-year deal is pulled
10 May 2007
Nationwide has been criticised by brokers for withdrawing its 25-year fixed-rate mortgage deal last week.
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NDF Administration - 7.25% Fixed Income Plan April 07
11 May 2007
NDF Administration7.25% Fixed Income Plan April 07
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NDF Administration - Extra Growth Plan April 07
11 May 2007
NDF AdministrationExtra Growth Plan April 07
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NDF Administration - Growth Kick Out Plan April 07
11 May 2007
NDF AdministrationGrowth Kick Out Plan April 07
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New CEO for Standard Life International
11 May 2007
Standard Life International Limited has appointed Craig Tunstall as chief executive, replacing Murray Drummond with immediate effect.
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New Star property fund opens to retail market
14 May 2007
New Star has opened its international property fund to retail investors.
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New Star takes commodities vehicle for spin
10 May 2007
New Star's multi-manager team is holding a range of exchange-traded commodities in its active and tactical portfolios.
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New wrap platform targets boutiques
10 May 2007
New platform provider Parmenion is to target boutique fund firms as part of its plan to offer outsourced investment for IFAs.
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Nil band on the run
10 May 2007
For a long time, I have been concerned about the implications of the popular nil-band IOU trusts which require the use of tenants in common change from the more usual joint tenants and then the first spouse to die places their half of the house in a trust up to the value of the nil band.
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Nucleus signs next three IFA firms
14 May 2007
Nucleus Financial Group has signed up three more IFA firms to its wrap platform meaning 13 firms now hold a stake in the business.
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Octopus looks to rearm underperforming VCT
10 May 2007
Octopus Asset Management is looking at making changes to its Hygea venture capital trust after its net assets fell from just under £5.7m to £4.3m last year, making it one of the worst performers in the market.
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One in seven will struggle if interest rates increase by 0.25 per cent, says research
9 May 2007
A new survey shows that more than one in seven could struggle if interest rates increase by 0.25 per cent tomorrow.
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Openwork adds ScotEq 5 for Life
10 May 2007
Aegon and Openwork are extending their partnership to include Aegon Scottish Equitable International's 5 for Life investment plan.
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Out of Context
10 May 2007
"I'm doing something called a webcast today with Fidelity. No idea what it involves but it sounds exciting and I've got my Spiderman suits ready for it."
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Outcry over the FOS non-disclosure of evidence
10 May 2007
To those at the sharpest end of financial services regulation, it must be very hard not to feel that your rights have been trampled upon for the greater good of ensuring an entirely risk and self-responsibility-free investment environment for the voters of the UK.
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Outside chance for special sits
10 May 2007
A third of IFAs believe Fidelity will bring in a big-name external hire to replace Anthony Bolton when he steps down from its £3.1bn special situations fund.
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Pension campaigners call for new judicial review
10 May 2007
The Government is facing calls from the Pensions Action Group for a judicial review over its decision to extend the Financial Assistance Scheme.
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'Personal accounts should be catalyst for better advice'
10 May 2007
The life and pension industry must create a clearly differentiated and upgraded advice offering for consumers that gains traction before personal accounts come into force in 2012, says global profess-ional services firm Towers Perrin Tillinghast.
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Pima set to become Tisa
10 May 2007
The Pep and Isa Managers' Association is to rebrand as the Tax Incentivised Savings Association.
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Pink Home Loans - Fees Assisted Offset Remortgage
11 May 2007
Pink Home LoansFees Assisted Offset Remortgage
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Play it by the book
10 May 2007
With reference to the story headlined, Mortgage book falls at Kensington (Money Marketing, April 19), I can confirm this is because we sold 0.6bn of whole loan sales during quarter one, turning a gross increase in the mortgage book of 0.3bn in that time to a net decrease of 0.3bn (7.2bn to 6.9bn).
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Playing the joker
10 May 2007
In my last column, my ire was directed at the Association of British Insurers for its equivalent of Custer's last stand. Since then, it seems to have watered down its views on commission but the core of its submission to the FSA's retail distribution review remains much the same as the previous "draft".
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PosSol back in black with £332k profit
10 May 2007
Positive Solutions made an operating profit of £332,000 last year after suffering a £27.2m loss in 2005.
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Product matters
10 May 2007
Critical-illness providers have been revamping their products to accommodate the Association of British Insurers' latest changes to its statement of best practice.
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Protected commodities funds ride the volatility
10 May 2007
Dawnay Day Quantum's latest range of protected commodities funds have benefited from recent market volatility to almost double their participation in the asset classes' growth.
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Providers hit back after Which? says CI is luxury
10 May 2007
Which? has come under attack after it claimed critical-illness insurance is a "luxury product" but providers say it is an essential part of financial planning.
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Prudential - Prudential Cautious Managed Growth Fund
11 May 2007
PrudentialPrudential Cautious Managed Growth Fund
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Prudential - Prudential Cautious Managed Growth Fund
11 May 2007
PrudentialPrudential Managed Defensive Fund
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Purnell asks ABI to look at scheme conversions
10 May 2007
Pensions minister James Purnell has asked the industry to cost controversial proposals to convert contract-based schemes into trust-based schemes to prevent levelling down.
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Rental growth at record high
10 May 2007
Rental growth is at its highest-ever level, according Paragon Mortgages, growing by 8.2 per cent in the last quarter and 1.6 per cent over the last month.
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Revenue clears up discounts muddle
10 May 2007
HM Revenue & Customs' initiative to document clear technical standards for how discounts are calculated with discounted gift trusts has been welcomed by the industry.
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Revenue could shut factory gate on tax relief concerns
10 May 2007
HM Revenue & Customs could soon crack down on factory gate pricing over concerns that tax relief is being used to pay advisers rather than boost savers' pension pots, experts are warning.
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Revenue crackdown on the cards?
10 May 2007
HM Revenue & Customs could soon crack down on factory gate pricing over concerns that tax relief is being used to pay advisers rather than boost savers’ pension pots, experts are warning.
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Richard Eats
10 May 2007
The public relations chief of Cofunds has ranged far and wide in his career in fund management circles and now he is leaving the UK to settle down in New Zealand. Interview by John Lappin.
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RICS starts Judicial Review proceedings against Government over HIPs
15 May 2007
The Royal Institution of Chartered Surveyors has commenced legal proceedings against the Government over the launch of Home Information Packs.
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RMAR could feature remuneration
10 May 2007
The FSA is to consult on how to distinguish between truly fee-based advisers and IFAs paid by fees and commission using the retail mediation activities return.
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Romancing the zone
10 May 2007
The presidential election in France has exposed that country to an unprecedented degree of scrutiny.
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Sesame advisers split over Friends Prov deal
15 May 2007
Sesame advisers are divided over the firm’s acquisition by Friends Provident with some fearing it will compromise their businesses and others believing it will not make a difference.
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Sesame looking to build business skills
10 May 2007
Sesame is introducing a training and development programme focusing on business skills and management for advisers.
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Seven Investment Management - CF 7IM Ethical Fund
11 May 2007
Seven Investment ManagementCF 7IM Ethical Fund
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Shah confirmed as new Fidelity UK special situations manager
15 May 2007
Sanjeev Shah has been named as the replacement to Anthony Bolton on Fidelity’s £3.2bn UK special situations fund.
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Shah to be unveiled as new Fidelity UK special sits manager
14 May 2007
Sanjeev Shah will be appointed as the replacement to Anthony Bolton to run Fidelity’s £3.2bn UK special situations fund, sources close to Money Marketing understand.
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Shaping up by adding weight time
10 May 2007
Chris Salih analyses investment satellite Rensburg mid-cap growth.
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Sipps send Standard sales soaring
10 May 2007
Standard Life's UK life and pension sales leapt by 52 per cent in the first quarter, driven by strong Sipp demand.
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Six quit Barings for Sarasin Chiswell
10 May 2007
Six of Barings' private client fund managers are moving to join Sarasin Chiswell. Nicholas Evans, Sam Jeffries, Tina Plank, Mark Fairbanks Smith, Andrew Stewart and David Vickers are all expected to join Sarasin as it looks to grow its private client business.
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Skandia MultiFunds - Protected Portfolio Investment
11 May 2007
Skandia MultiFundsProtected Portfolio Investment
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Small firms face TCF test
10 May 2007
Only half of small adviser firms met the FSA's treating customers fairly deadline, with the regulator warning it will take enforcement action against firms if it becomes aware of significant consumer detriment.
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Smith & Williamson Investment Management - British Country Inns 4
11 May 2007
Smith & Williamson Investment ManagementBritish Country Inns 4
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Special sits rating set to drop as Shah takes over
15 May 2007
Standard & Poor's rating on Fidelity's special sits fund looks likely to drop as Sanjeev Shah is named to replace Anthony Bolton. When Bolton steps aside for Shah in January 2008 the rating is expected to drop from its current AAA rating based on fund management experience. Bolton's 27 years in the job is being compared with Shah's five years. S&P's have listed Shah's European aggressive fund as an A rating, since August 2005.
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SPML - Minor Adverse Three Year Fixed Self Cert
11 May 2007
SPMLMinor Adverse Three Year Fixed Self Cert
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Standard Life sees a big fall in declined critical claims
10 May 2007
Standard Life's critical-illness insurance claim statistics for 2006 show that the proportion of claims it declined more than halved from 2005.
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Standard Life takes 25% stake in threesixty
14 May 2007
Standard Life has bought a 25 per cent stake in IFA support service provider threesixty services.
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Standard's Craig moving to the ABI as life and savings director
10 May 2007
The Association of British Insurers has appointed former Standard Life head of public affairs Margaret Craig as its new director of life and savings.
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Sterling Life in defence deal to offer cover for the armed forces
10 May 2007
The Ministry Of Defence is offering a life insurance product in partnership with Sterling Life to provide cover for the armed forces.
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Summer nights
10 May 2007
The summer party season kicked off in style last week at the Penrose party which was packed to the hilt at peak time.
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Sweet surrender?
10 May 2007
Lawyers warn that offshore account holders may get more protection outside HMRC's partial amnesty on tax.
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Swinging sixties
10 May 2007
The Keydata dynamic growth plans have proved very popular with investors. The latest issue gives a return of six times any rise in the FTSE 100 index, subject to a maximum return of 60 per cent over a period of five years and eight months.
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SWIP appoints new head of Nordic
14 May 2007
Scottish Widows Investment Partnership has appointed Andre Andrzejsson as head of Nordic where he will be responsible for expanding SWIP's business in the region, with a focus on the institutional market.
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T Bailey takes over Liberation VII fund
10 May 2007
T Bailey is taking over the management of the £13m Liberation VII fund for IF Alliance, an affiliation of adviser firms. It will be managed by Rich Martin and Jason Britton and is T Bailey's first move into running funds for third parties.
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'Take more risk to build up pensions'
10 May 2007
Seventy per cent of IFAs believe clients will need to accept higher levels of risk when planning for retirement, according to new research.
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Tenet gets passport to give expat advice
10 May 2007
Tenet has been given the green light by the FSA to passport advice to clients in Spain and Gibraltar as it looks to target the expatriate market.
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The Financial Management Group's...
10 May 2007
The Financial Management Group's Christopher and Alister Mellor and Standard Life's Clive Lefrere will embark on what they call England's longest, steepest and highest charity challenge on May 18.
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Thinc again
10 May 2007
Why the IFA group's latest recruitment drive could prove a disappointment.
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Threesixty says small firms need not struggle with TCF
9 May 2007
Support services provider Threesixty has responded to the FSA's warning that firms must improve the way they treat customers fairly or face tough action.
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Towry backs providers over IFAs for mass market
10 May 2007
The mass market would be better served by product providers than IFAs, according to JS&P Towry Law.
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Transfer put clients at risk
10 May 2007
Advisory process was flawed for pension move.
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Warning of audit error on stand-alone schemes
10 May 2007
Canada Life Group Insurance Division is alerting pension scheme administrators to an error in the HM Revenue & Customs' audited account process for stand-alone group life schemes.
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Website for L&G mortgage club
10 May 2007
GMAC-RFC and Legal & General have set up a microsite dedicated to L&G mortgage club members and other brokers.
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What has Brown got in store for you?
14 May 2007
At last Gordon Brown is within touching distance of the power he has been craving for so long and he has wasted no time in setting the scene for what his Premiership will look like.
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What now after another rate rise?
11 May 2007
First of all I should probably introduce myself. I shall be writing about the wonderful world of mortgages at Money Marketing for you lovely people for the foreseeable future.
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Which? hits out at the ABI plans
10 May 2007
Which? has jumped to the defence of IFAs, saying the Association of British Insurers' calls for a regulatory clampdown on the adviser sector and a light-touch regime for direct salesforces would hit consumers.
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Will fidelity hit its target?
10 May 2007
Fidelity is entering the retirement market with lifestyle funds aimed at six target retirement dates but could IFAs do a better job by picking funds themselves? By Helen Pow.
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Woolwich - Buy To Let Lifetime Tracker
11 May 2007
WoolwichBuy To Let Lifetime Tracker
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Zurich Financial Services - Guaranteed Capital Account 12
11 May 2007
Zurich Financial ServicesGuaranteed Capital Account 12
