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Latest News
EU mortgage rule vote could be delayed
ECON committee vote on mortgage credit directive could be delayed to allow time to build consensus.
Ami and Aifa to split
Ami will become an independent organisation run by Robert Sinclair.
Cameron backs automatic SPA rises
Raise state pension age automatically to avoid pensions “apartheid” between private and public sector, says PM.
Aviva cuts with-profits bonus rates
Provider says the decision “reflects future economic expectations and prudent management of the fund”.
Investment returns boost Friends Life with-profits payouts
Friends Life has increased or held bonus rates for the majority of its 1.7 million with-profits customers.
FSA indefinitely delays individual registration for mortgage brokers
In December, regulator announced it was delaying individual reg until 2012/13.
Andrew Jones confirmed as HML chief exec
Jones had been doing job on interim basis for past three months.
Phoenix Group terminates talks with private equity firm
Phoenix Group has terminated takeover talks with private equity firm CVC.
Barclays pre-tax profits fall 3%
Barclays Group cuts bonus pot 25 per cent to £2.15bn.
Labour wants FCA pricing reviews
Labour is calling for the Financial Conduct Authority to regularly review product pricing and make recommendations to ministers.
New VAT guide welcomed by professional bodies
Professional bodies have welcomed HMRC’s latest draft RDR guidance on VAT liability.
Public recognition of platforms falls over the last year
Consumer awareness of platforms has fallen over the last 12 months, according to research from The Platforum.
Blogs
Charging transparency: the case for an FSCS product levy
An overhaul of the compensation system to remove the hidden charges ultimately borne by clients.
Paul Farrow: ABI should not dismiss damning NAPF report
The date of the RDR draws ever closer, yet you get the impression that the regulator still has not thought it through.
MM Leader: Foolish to ignore calls for cost clarity
It would wrong to dismiss the demands for increased transparency.
Cicutti: Falling in love with IFAs again
Are IFAs better or less well respected today than they were 10 or 20 years ago?
Martin Bamford: Is the IFA model ever scalable?
Systems can be scaled up but advice itself is much more difficult.
Simon Webster: Clients will pay fees if you demonstrate your worth
I quite like the idea of being able to charge every client that walks through the door.
Ian McKenna: How technology is reforming the group risk market
F&TRC director looks at the tech behind group risk propositions.
