Money Marketing
Online - April 2011

Abbey For Intermediaries – 2-Year Fixed Rate

28 Apr 2011
Barclays Wealth - Defined Distribution Plan April 2011 Issue

18 Apr 2011
Coventry Intermediaries – Godiva Mortgages Residential 1% Discount from Flexx to 30.6.13

3 May 2011
HSBC Exchange Traded Funds - HSBC MSCI Taiwan ETF

7 Apr 2011
Leek United Building Society - 2-Year 5.25% Fixed Buy-To-Let

3 May 2011
Legal & General Unit Trust Managers - UK Equity Income Fund

18 Apr 2011
Manchester Building Society - 3-Year 1.25% Discount

21 Apr 2011
Merchant Capital Growth Plan - Agricultural Commodities Issue 4

18 Apr 2011
Meteor Asset Management - Emerging Markets Kick-Out Plan 5

12 Apr 2011
Newbury Building Society - 3-Year 0.2% Discount

20 Apr 2011
A J Bell rule change allows FSCS levy to be passed to investors

26 Apr 2011

Provider says decision was made to avoid longer term fee hike.
Abbey For Intermediaries – 2-Year Fixed Rate Remortgage

28 Apr 2011
Aberdeen MM team rebrand multi-asset growth fund

6 Apr 2011

Aberdeen Asset Management’s multi-manager team is rebranding its £7.9m multi-asset growth fund and is giving it a stronger total return mandate.
Aberdeen reports record £142.8m profit

3 May 2011

Aberdeen Asset Management reports 54 per cent increase in pre-tax profits for the last six months.
ACA: Gov't has failed to reinvigorate private pensions

8 Apr 2011

Association of Consulting Actuaries chairman Stuart Southall urges policymakers deliver on coalition pledge.
ACH adds Just Retirement, LV=, Partnership and Living Time to annuity panel

4 Apr 2011

Living Time becomes first fixed-term annuity provider to join the firm’s annuity panel.
Advisers call for FOS staff to have greater experience and qualifications

27 Apr 2011

IFAs have called for adjudicators to have industry experience and minimum industry qualification levels in a survey.
Advisers should treat RDR with a sense of pride

21 Apr 2011

Mel Kenny says is it never too late for advisers to learn and the profession would be worse off for losing a wealth of experience post-RDR.
Advisers unable to sit CII exams after system failure

21 Apr 2011

CII noticed problems when candidates were unable to load exam.
Aegon appoints Simon Skinner as chief operating officer

4 Apr 2011

Newly appointed chief executive Adrian Grace confirms structure of leadership team.
Aegon looks at total return bond offering for Snowden

13 Apr 2011

Stephen Snowden to co-manage two investment grade bond funds with Euan McNeil.
Aegon reappoints Stephen Snowden

6 Apr 2011

Aegon Asset Management has reappointed Stephen Snowden seven years after he left the firm to join Old Mutual Asset Managers.
Aldermore launches limited edition two-year discount mortgage

4 Apr 2011

Product available for £999 completion fee at 3.48%.
Alliance Trust rejects activist proposal

12 Apr 2011

Trust calls on shareholders to reject proposal from Laxey, an activist investor, to take a stricter approach to controlling the discount at which the trust’s shares trade.
Approach made for James Hay parent company

4 May 2011

IFG Group has announced that an approach has been made for the Sipp and international corporate trustee services company.
Artemis builds new global equities team

3 May 2011

Artemis Investment Management has taken on two fund managers to create a new global equities team.
Artemis Fund Managers – Global Energy Fund

11 Apr 2011
Artemis gets energetic

21 Apr 2011
Artemis special sits cuts down on utilities

26 Apr 2011

Artemis UK Special Situations fund co-manager Derek Stuart has reshuffled his holdings in the utilities sector by selling out of National Grid and International Power.
Average LTV at highest level in three years

8 Apr 2011

Average LTV now 60.8%, up from 56.2% in March 2010.
Aviva removes equity release loan restriction following product overhaul

14 Apr 2011

The firm will also introduce an inheritance guarantee as it looks to “revamp and refresh” its equity release offering.
Aviva targets mass market with guaranteed bond launches

13 Apr 2011

Guaranteed 80 and guaranteed 90 products will allow investors to take limited investment risk and could be placed on the provider’s pension wrapper.
Aviva to launch new integrated £56bn platform

4 May 2011

The Aviva Platform will bring legacy assets and wrap together and include protection policies and annuities.
AWD blames regulatory costs for earnings drop

3 May 2011

Earnings fall from £1.24m to £1.01 for Q1 2011.
Baillie Gifford Europe small cos to go global

18 Apr 2011

Baillie Gifford is to convert its £32m European Smaller Companies fund into a global smaller companies mandate named Global Discovery, subject to investors’ approval.
Banking Commission should avoid one-size-fits-all solution

11 Apr 2011

Adam Smith Institute says solutions should be market led.
Banks have to review every PPI complaint

20 Apr 2011

FSA says banks have a responsibility to assess whether every PPI complaint can be progressed, rather than simply delay cases.
Barclays - Woolwich Fixed and Tracker Mortgage Portfolio update

5 Apr 2011
Barclays - Woolwich Offset Mortgage Portfolio update

5 Apr 2011
Barclays cuts offset mortgages by up to 0.5%

5 Apr 2011

Largest cut at 75% LTV, with mortgage now starting at 2.79% above base rate.
Barclays' plan for building money

21 Apr 2011
Barclays pre-tax profits fall 9 per cent

27 Apr 2011

Barclays has announced a 9 per cent fall in pre-tax profits for the first quarter of 2011 and expects to pay £100m towards Government bank levy.
Barclays Wealth - Defined Returns Plan Annual Kick Out April 2011 Edition

18 Apr 2011
Barclays Wealth - Regular Income Bond April 2011 Edition

28 Apr 2011
Base rate held at 0.5% and no more QE

7 Apr 2011

Rate kept at 0.5% for 25 consecutive months.
Base rate increase could derail recovery, says BCC

5 Apr 2011

Q1 saw small upturn in economy after 0.5% decline in Q4 2010.
Biggs and Gilfeather to head corporate pensions at Lorica

11 Apr 2011
BM Solutions – Buy-To-Let 2-year 4.65% Fixed Intermediary

8 Apr 2011
BM Solutions – Buy-To-Let 2-year 5.57% Fixed Intermediary

8 Apr 2011
BM Solutions – Buy-To-Let 5-year 5.59% Fixed Intermediary

8 Apr 2011
BM Solutions launches new buy-to-let range

20 Apr 2011

Rates start from 2.75 per cent.
BSA warns over increased regulatory costs

4 May 2011

BSA chairman David Webster calls on regulators to minimise increased regulatory costs on building societies.
Buckles and Merchant Investors to be rebranded Sanlam

6 Apr 2011

Merchant Investors to be rebranded Sanlam Investments and Pensions, Buckles Investment Services to become Sanlam Private Wealth.
Budget 2011: Financial planning opportunities

6 Apr 2011

John Woolley, of Technical Connection, takes a close look at Budget financial planning opportunities.
Bupa International - Individual & Business International Health Insurance Plans update

13 Apr 2011
C share global EM income from JPMorgan

14 Apr 2011
Cable slams RBS for blocking FSA report

4 May 2011

Business Secretary Vince Cable attacks RBS for setting up obstacles to prevent report into its collapse.
Cameron: Gordon Brown not appropriate for IMF role

19 Apr 2011

Prime Minister David Cameron indicates he may block Brown bid to become IMF chief because he does not “get” dangers of high debt.
Capita Financial Software managing director quits

7 Apr 2011

Adam Byford will take over from Matt Humphrey next month.
Cater Allen Private Bank - Cater Allen Growth Plan 10

28 Apr 2011
City Asset Management launches five risk-rated portfolios

11 Apr 2011

Discretionary manager launches five risk-rated funds.
Civil Service pensions to be outsourced in private sector joint venture

12 Apr 2011

Govt announces plans to give scheme administrators and private sector joint stake in running scheme.
CML urges conveyancers to sign up to Law Society's quality mark

4 Apr 2011

CML expects conveyancing quality mark to become industry standard.
Cofunds appoints Martin Davis as chief exec

15 Apr 2011

Davis was previously chief executive of Openwork.
Colin Jelley joins St James's Place

6 Apr 2011

Former Skandia tax guru Colin Jelley will start at the firm in May.
Comparing index trackers with GEBs tells us absolutely nothing

18 Apr 2011

Colin Dickie says comparing index trackers with GEBs is like comparing elephants with giraffes.
Countrywide acquires Mortgage Intelligence

4 Apr 2011

Countrywide has acquired Mortgage Intelligence in a deal that has raised its mortgage market share to over six per cent.
Countrywide bid for Savills falls through

6 Apr 2011

Talks between Countrywide and Savills Private Finance over a potential acquisition have collapsed, Money Marketing understands.
Coventry BS launches new fixed and variable rate deals

8 Apr 2011

Fixed rates start at 4.15% and flexx deals at 2.59%.
Coventry Building Society – Residential Mortgage Portfolio update

8 Apr 2011
Dalton Strategic Partnership founder Andrew Dalton dies

27 Apr 2011

Andrew Dalton, the founder of the Dalton Strategic Partnership, has passed away following a heart attack, leaving Magnus Spence to head up the firm.
Darlington Building Society - 3-Year BBR Tracker + 2.49%

26 Apr 2011
Decline in group risk business slows significantly - Group Watch

18 Apr 2011
Defaqto on Leeds 5-Year 5.79% Fixed Intermediary

4 Apr 2011
Defined distribution from Barclays

28 Apr 2011
Director charged in connection with £10m ponzi scheme

6 Apr 2011

Losses believed to be around £6m.
ECB raises rates 25 basis points

7 Apr 2011

The European Central Bank is raising its rates from 1 per cent to 1.25 per cent to help reduce above-target inflation in the eurozone.
Employers will continue to ditch DB despite funding improvement

3 May 2011

Pension Capital Strategies says the majority of DB schemes will close this year despite £93bn funding boost.
EU looking to agree Portugal bail-out by mid-May

8 Apr 2011

The European Union is looking to agree a bail-out package for debt-stricken Portugal by the middle of May.
EU ministers meet to discuss Portugal bail-out terms

8 Apr 2011

UK contributions could reach up to £4.5bn.
Europe moves step closer to pre-funded compensation schemes

20 Apr 2011

European Parliament proposes increasing limit for investment compensation and a pre-funding model with firms contributing 0.3 per cent of assets towards the scheme.
Evercore model portfolios available on Novia platform

21 Apr 2011

Latest announcement comes after recent launch onto Transact.
F&C Thames River - Thames River Global High Yield Fund

28 Apr 2011
F&TRC to examine commission and tele-underwriting

8 Apr 2011

Protection Forum says differences in commission options and tele-underwriting need to be addressed.
Fidelity chief attacks “overly bureaucratic and intrusive” FSA

19 Apr 2011

European chief executive Robert Higginbotham warns the regulator’s approach is damaging the UK’s competitiveness.
Financial services sector grows for third quarter in a row

4 Apr 2011

Business volumes grew across all sectors, apart from banking and finance houses.
Financial Stability Board warns on ETFs

13 Apr 2011

World’s central banks and regulators say there are a number of “disquieting developments” in the ETF market.
First State plans bond fund range

18 Apr 2011

First State Investments is planning a fixed income offering for British investors later this year.
Former L&G director Kate Avery leads search for new Openwork chief

18 Apr 2011

Avery will be responsible for finding a replacement for departing chief Martin Davis.
FOS targeted by fraudsters

5 Apr 2011

Fraudulent letters and emails are in circulation claiming to be from the FOS.
Foster Denovo acquires IFA arm of GI broker

27 Apr 2011

Firm expects deal activity to remain on the agenda in 2011.
Friends Life appoints David Still as director

3 May 2011

Former UBS and Prudential man will determine the firm’s at-retirement strategy.
FSA bans four brokers for mortgage fraud

19 Apr 2011

FSA imposes fines totalling £450,000 on four advisers who used misleading and inaccurate information to secure mortgages.
FSA bans IFA for fraud and financial crime offences

15 Apr 2011

Adrian Bancroft has been convicted of 18 financial crime offences, including arranging clients’ policies to be surrendered without their knowledge.
FSA cancels adviser's permissions over unpaid CCJs

6 Apr 2011

The twelve CCJs against the adviser, or her firm, totalled £531,224.
FSA fines IFA over UCIS failings

14 Apr 2011

Specialist Solutions fined £35k over UCIS failings, with another firm censured over failings related to geared traded endowment policy sales.
FSA fines N&P £1.4m

18 Apr 2011

Building Society has been fined £1.4m over failing to give suitable advice on Keydata products.
FSA hit by staff exodus

26 Apr 2011

Move to new regulatory structure sees 352 staff leave the regulator over the last year.
FSA investigates Pru's failed $35bn AIA bid

21 Apr 2011

Law firm Clifford Chance commissioned to conduct inquiry.
FSA moves towards new regulatory structure

5 Apr 2011

Supervision and risk business units have been replaced by Prudential Business Unit and Conduct Business Unit.
FSA RBS report delayed indefinitely

3 May 2011

The FSA’s report into the collapse of RBS is indefinitely delayed amid three way legal wrangling.
FSA sets timeframe for FSCS funding review

1 Apr 2011

The regulator plans to consult on reforming FSCS funding by the end of the year.
'FSA should not wait for EU on regulation'

4 May 2011

European Mortgage Federation says EC directive “not fit for purpose”.
FSA to focus on big insurers in Solvency II assessments

19 Apr 2011

New approach revealed by FSA head of insurance Julian Adams.
FSA warns against "no cost" property income plan

12 Apr 2011

Plan promises 5% yearly income from home.
FSA warns building societies over compliance issues

4 May 2011

The FSA has issued a warning at the BSA conference that mutuals must improve their compliance structures.
FSA warns over Geneva-based 'St James Wealth'

18 Apr 2011

Regulator says firm has no connection with St James’s Place and is not authorised to carry out regulated activity in the UK.
FSCS adviser levies to be lower than predicted

6 Apr 2011

Investment intermediaries are expected to face a lower levy than the £40m previous estimate.
FSCS Keydata rebate goes to fund managers ahead of IFAs

6 Apr 2011

The FSCS has announced that any recoveries relating to Keydata compensation will first go to investment fund managers rather than advisers.
FSCS levy review should be 'priority', says TSC

2 Apr 2011

TSC report slams banks’ dominance in “gateway” current account market for hitting competition in product market.
FSCS recoups £28m from N&P

21 Apr 2011

Compensation scheme has finalised deal with the building society over compensation already paid for Keydata sales.
Fundamental Asset Management - SF Fundamental Energy Fund

27 Apr 2011
Furness Building Society - Long Term 1.55% Discount - Remortgage

13 Apr 2011
Furness Building Society - Long Term 1.55% Discount - Purchase

13 Apr 2011
GAM - Gam Star GEO

4 Apr 2011
GAM - Gam Star Trading Fund

4 Apr 2011
Gam targets trading funds

14 Apr 2011
Gartmore stars Guy and Rambourg set for hedge fund launch

11 Apr 2011

Former Gartmore star duo Roger Guy and Guillaume Rambourg are set to launch a hedge fund together, according to reports.
GDP up 0.5 per cent in Q1

27 Apr 2011

ONS figures show UK economy has returned to growth in the first three months of 2011.
Gill Cardy joins software firm

14 Apr 2011

Cardy has joined Bluecoat software to develop its FinPlan practice management system.
Gordon Brown: I made a big mistake when setting up FSA

11 Apr 2011

Former PM says not realising how entangled and global financial services are meant FSA had wrong focus.
Government lays out two options for state pension reform

4 Apr 2011

DWP proposes limited acceleration of current plans alongside the “more radical” option of a £140 single-tier benefit for future retirees.
Government urged to raise £150 tax-free advice limit

3 May 2011

ACA chairman Stuart Southall says policymakers should increase employer tax-incentivised limit to improve access to independent financial advice.
Govt warned against surprise Budget tax rises

3 May 2011

Chartered Institute of Taxation says tax changes should be consulted on not announced at last minute.
Govt's free advice service launches today

4 Apr 2011

Service available online, over phone and face-to-face.
Gross mortgage lending up 21% in March

20 Apr 2011

Figure 2% down from £11.5bn in March 2010.
Group pensions to avoid FSA legacy commission ban

4 Apr 2011
Guernsey launches Qrops code of practice

4 Apr 2011

Code calls on people to take advice before transferring.
Hanley Economic Building Society - 2-Year Discount First Time Buyer’s - Direct

18 Apr 2011
Henderson sees £1.2bn fall in AUM in first quarter

4 May 2011

Henderson Group has seen its assets under management fall by £1.2bn in the first quarter of 2011.
High Court backs FSA and FOS over PPI

20 Apr 2011

Banks have 21 days to consider whether to appeal.
Home Office and Treasury battle over financial crime powers

27 Apr 2011

The FSA may still lose its enforcement powers to a new force that will take over from the Serious Organised Crime Agency in 2013.
House prices up 0.1% in March

6 Apr 2011

House purchase approvals remain mostly static between February and March.
How to boost the value of your business

13 Apr 2011

IFA consultancy Harrison Spence Partnership says many adviser firms are being undervalued.
Howden Insurance Brokers to acquire PI broker PYV

3 May 2011

PYV chief executive Neil Pointon will move to Howden as part of the acquisition.
HSBC - Tracker Mortgage Range Special Offer

11 Apr 2011
HSBC Exchange Traded Funds - HSBC MSCI Indonesia ETF

7 Apr 2011
HSBC Exchange Traded Funds – HSBC MSCI Korea ETF

7 Apr 2011
HSBC Exchange Traded Funds - HSBC MSCI Malaysia ETF

7 Apr 2011
Iceland rejects Icesave deal

11 Apr 2011

Iceland has once again rejected a deal that would see the UK and the Netherlands reimbursed for money lost during the collapse of the country’s banking system in 2008.
Ignis confirms changes to international greater China fund

18 Apr 2011

The £40m Ignis international greater China fund has been renamed and the wording of its investment policy changed to reflect its lack of exposure to Taiwan.
Ignis marketing head Rob Page quits for Ardevora

1 Apr 2011

Ignis Asset Management head of marketing Rob Page is leaving the firm to join former Liontrust colleagues Jeremy Lang and William Pattisson at Ardevora Asset Management.
IMA drops plans for judicial review of FSCS interim levy

27 Apr 2011

Trade body has decided not to pursue a judicial review of the Financial Services Compensation Scheme interim levy.
IMF cuts UK economic growth forecast

12 Apr 2011

The International Monetary Fund (IMF) has become the latest organisation to revise down its economic growth forecast for UK.
Insurers slam Solvency II process

4 Apr 2011

Pan-European insurance bodies have written to the European Commissioner saying their concerns are being largely ignored.
Interest rate rise could be 'suicidal', warns M&G manager

4 Apr 2011

Raising the base interest rate to address inflation could be disastrous for Britain’s economic growth if carried out too soon, according to M&G Investment’s Ben Lord.
Interim FPC first meeting on June 16

21 Apr 2011

The interim Financial Policy Committee will hold first formal meeting on June 16
Investec Structured Products – FTSE 100 Bonus Income Plan 15

21 Apr 2011
Investec Structured Products - FTSE100 Kick-Out Deposit Plan 20

21 Apr 2011
James Hay launches iSIPP platform

7 Apr 2011

James Hay says iSIPP designed with RDR regulations in mind.
JOHCM buys Asian boutique Silver Metis

4 May 2011

JO Hambro Capital Management has bought Silver Metis Capital Management, an investment boutique specialising in Asian stocks.
JP Morgan Asset Management - Global Emerging Markets income Trust - C Share Offer

4 Apr 2011
JP Morgan Asset Management - JPM UK Active Index Plus Fund

13 Apr 2011
Jubilee Financial Products - HPI Deposit Issue 1

3 May 2011
Jubilee Financial Products - HPI Growth Plan Issue 1

3 May 2011
Just Retirement's equity release advances up 20.4% in 2010

11 Apr 2011

Group pre-tax profit down 51.1% to £25.5m in 2010.
Kensington launches first-time buyer range

18 Apr 2011

Rates available from 4.79 per cent.
L&G launches exclusive 90% LTV mortgage with NatWest

19 Apr 2011

Product is fixed for two years at 5.79%.
L&G reports falling annuity sales but new business increase

4 May 2011

Provider has seen a 12 per cent rise in new business in the first quarter of 2011.
Labour calls for urgent bank tax review

4 May 2011

Shadow Treasury financial secretary Chris Leslie slams ’pathetic’ £2.6bn levy.
Lazard to launch global equity fund for new managers

18 Apr 2011

Tycho van Wijk and Tjeert Keijzer will join Lazard Asset Management to launch an unconstrained global equity strategy.
LBG intermediary head Peter Curran seconded to Lloyds TSB

13 Apr 2011

Curran taking on responsibilities of national director of mortgages Debbie McArdle after she left business.
Leeds Building Society – Shared Ownership 2 Year Fixed Rate

12 Apr 2011
Lighthouse Group forms advice tie-up with union Prospect

4 Apr 2011

Lighthouse has three year contract to provide financial advice to union’s 121,000 members.
Liontrust sells credit business to Avoca for £3.2m

13 Apr 2011

Liontrust is to sell off its credit business to Avoca Capital Holdings.
Lloyds attacks Vickers and stresses role of IFAs in helping competition

12 Apr 2011

Lloyds claims Vickers’ proposals are based on “limited evidence”.
Lloyds cuts another 325 jobs

14 Apr 2011

Latest announcement follows 570 job losses last month.
Lloyds' intermediary bosses made to reapply for jobs

11 Apr 2011

Move comes after closure of C&G for Intermediaries.
Lloyds names intermediary sales bosses

15 Apr 2011

Kevin Purvey to leave after four LBG intermediary bosses were asked to reapply for their jobs.
Lloyds set to sell Scottish Widows

26 Apr 2011

Bank preparing to offload Scottish Widows as part of a review by chief executive António Horta-Osório, according to reports.
Loughborough Building Society - Buy-To-Let 3 Year 0.5% Discount - Direct

14 Apr 2011
Low cost active management from JPM

28 Apr 2011
Luke Kerr returns to Omam

19 Apr 2011

Luke Kerr has resumed his management of the £179m Old Mutual UK Dynamic Equity fund after a year’s break to focus on his health.
LV= Protected Retirement Plan update

6 Apr 2011
LV= set to sell asset management arm

11 Apr 2011

Four firms in the race for LV= Asset Management, according to reports.
M&G announces manager reshuffle

26 Apr 2011

M&G has announced several manager moves to a number of its retail funds, including the appointment of a new co-manager on its European strategic value fund.
MAM hires former Schroders sales head Neil Bridge

12 Apr 2011

Neil Bridge, the former head of UK retail sales at Schroders, will become MAM Funds’ new head of business development.
Manchester Building Society - 2 Year 3.49% Fixed Remortgage

14 Apr 2011
Mansfield Building Society - 2 Year Fixed Rate

11 Apr 2011
Markets plunge after S&P downgrades US debt outlook

18 Apr 2011

Leading markets plunge as S&P downgrades US debt outlook from stable to negative.
Mervyn King warns against raising interest rates

3 May 2011

Bank of England governor Mervyn King has warned of the “severe” consequences of raising interest rates.
Meteor Asset Management - Dynamic FTSE Growth Plan

11 Apr 2011
Meteor provides investment and deposit versions of FTSE plan

21 Apr 2011
MMTV: ASI's Eamonn Butler on client charging, the FSA and pensions

15 Apr 2011

Adam Smith Institute director on why how you charge clients is not the Government’s problem and pensions ’gobbledygook’.
Monmouthshire Building Society - 3-Year 5.89% Fixed Local Area

20 Apr 2011
Monmouthshire Building Society - 3-Year 5.99% Fixed Remortgage Fee Assist Local Area

20 Apr 2011
Montpelier seeks to offload Sipp business

15 Apr 2011

Sipp and SSAS administration firm has held “various discussions” with third parties about sale or transfer of Sipp business despite returning to profit in 2010.
Moody's warns of UK bank downgrade

7 Apr 2011

British banks could suffer downgrades or reviews to their credit ratings because authorities are no longer as willing to bail them out, ratings agency Moody’s says.
Morgan Stanley IQ - FTSE Gilt-Backed Growth Plan 7

12 Apr 2011
Mortgage Intelligence reports £389k loss in 2010

19 Apr 2011

Figure is an improvement on £696k loss the year before.
Mortgage lending increases 8% in February

8 Apr 2011

Figures 12% down on the year before.
Mortgage market will be stunted until 2014

19 Apr 2011

Datamonitor says market will not grow much this year but will reach £170bn by 2014.
Mortgage product numbers up 123% in past year

6 Apr 2011

Over 500 new products added in March, taking total products to 10,418.
Mortgage Trust returns to new lending

18 Apr 2011

Buy-to-let lender MT pulled out of new lending in February 2008.
MPs slam Treasury over asset protection scheme

20 Apr 2011

Public accounts committee report says Treasury had lack of effective sanctions for when RBS and Lloyds failed to meet lending targets.
MPs warn Osborne's FirstBuy scheme could hinder FTBs

12 Apr 2011

Treasury select committee says new Government scheme to help FTBs could push up prices, making homes less affordable.
N&P appoints new chief executive

19 Apr 2011

Anne Gunther previously chief executive of Standard Life Bank.
N&P feels fury of Keydata investors at AGM

28 Apr 2011

Customers hit out at N&P board for delays in dealing with the problems over Keydata.
NAPF calls for retention of short service refunds

19 Apr 2011

Occupational pensions organisation warns of potential “governance vacuum” if employers switch to contract-based pensions provision.
Nationwide caps interest-only lending at 75% LTV

5 Apr 2011

Applications received from April 6 considered on repayment basis only.
NatWest Intermediary Solutions - Buy-To Let 2-Year Fixed Remortgage

6 Apr 2011
NatWest Intermediary Solutions - Core Range 18-Month Tracker Remortgage

6 Apr 2011
NatWest moves pre-sale mortgage enquiries to online only service

28 Apr 2011

Brokers will have to submit all pre-sale application enquiries through LiveTALK from May 3.
New Zealand based Qrops firm withdraws from the market

6 Apr 2011

New Zealand-based Southern Star Retirement Fund to shut on June 30.
New Zealand developing Qrops code of practice

21 Apr 2011

Weeks after Guernsey release code, NZ begins work on its own.
No rate rise until 2013, says Bootle

3 May 2011

Falling incomes, 5% inflation and Government cuts mean sluggish recovery.
Northern Rock cuts buy-to-let fixed rates by up to 0.4%

18 Apr 2011

Lender has launched a number of buy-to-let percentage fee products and tracker.
Nottingham Building Society - 5-Year 4.99% Fixed Intermediary

11 Apr 2011
Nucleus announces loss of £3.3m in 2010

11 Apr 2011

Wrap says it expects to break even this year.
OECD raises G7 growth forecast but lowers UK

5 Apr 2011

Economic growth in the G7 countries outside Japan could rise to an annualised rate of about 3 per cent in the first half of 2011, according to the OECD.
OFT closes 19 unlicensed lead generation websites

8 Apr 2011

Sites targeted disabled people, military personnel and those with impaired credit history.
Over half of consumers won't pay for advice

13 Apr 2011

ABI research shows customers underestimate the cost of financial advice, as trade body continues to push for simplified advice model.
Pensions drawdown market could exceed 3 million

15 Apr 2011

Hargreaves Lansdown says PPI’s maximum drawdown estimate of 3.1 million people is “conservative”.
Pink Home Loans - Skipton 2-Year 4.39% Fixed

21 Apr 2011
Platform – 4-Year BBR + 2.49%

21 Apr 2011
Political pressure grows to remutualise the Rock

3 May 2011

Over 100 MPs sign motion calling for Northern Rock to be remutualised.
Portugal asks for EU bail-out

7 Apr 2011

UK could be asked to contribute up to £4.4bn.
Portugal offered £70 billion bailout

4 May 2011

Portugal has agreed the details of its anticipated bailout with the international community as its finances become increasingly stretched.
PosSol postpones exit charge move

7 Apr 2011

Firm says feedback from partners made it reconsider proposal.
PosSol reveals more details of network model

28 Apr 2011

Firm expects up to 70 partners to join new proposition.
PosSol to charge departing IFAs

1 Apr 2011

At least 18 members of Positive Solutions resign after the firm hikes its member charges by up to 5 per cent.
Precise Mortgages makes all products available to 80% LTV

5 Apr 2011

Lender has also replaced its percentage fees with fixed fees.
Progressive Building Society – 2-Year 1.76% Discount

7 Apr 2011
Progressive Building Society - Mortgage Portfolio update

4 Apr 2011
Pru chief paid £4.7m for 2010

1 Apr 2011

Tidjane Thiam will get an annual bonus for last year of £1.57m, despite failed AIA bid.
Pru tax error hits 39,000 policies

13 Apr 2011

Pension provider says “correction payments” will be made to 39,000 Scottish Amicable unit-linked pension policyholders.
PSigma's Mott moves as oil nears $120

4 Apr 2011

PSigma income fund manager Bill Mott has made changes to his portfolio following continued unrest in the Middle East and as the oil price nears $120 a barrel.
Public sector workers issue legal challenge over RPI-CPI switch

18 Apr 2011

Six separate public sector organisations will today issue an application for a judicial review of change in pensions inflation measure.
Pursglove and Wagstaff will not join Henderson

1 Apr 2011

The heads of UK retail and global distribution at Gartmore will not join Henderson upon the completion of the Gartmore acquisition on Monday.
RAB Capital - RAB Global Mining and Resources Ucits Fund

12 Apr 2011
RAB Capital - RAB Gold and Precious Equities Ucits Fund

12 Apr 2011
Research shows employer uncertainty over whether existing schemes will be compliant

18 Apr 2011
Retail banks to be ring-fenced as break-up is avoided

11 Apr 2011

Independent Commission on Banking recommends ring-fencing retail banking, higher capital adequacy, a bigger Lloyds sell-off and making it easier to switch accounts.
Retirement Partnership agrees joint venture with MyCompanyPension.co.uk

3 May 2011

Managing director Steve Lewis says deal will allow the Retirement Partnership to expand its services in the corporate sector.
RLAM suffers 80 per cent drop in Q1 new business

4 May 2011

Royal London reports mixed first quarter as asset management sales drop from £578.7m in Q1 last year to £113.4m this year.
Royal London appoints Andrew Palmer as non-executive director

1 Apr 2011

Palmer previously Legal & General group finance director.
Royal London signs transfer deal for proposed Royal Liver takeover

12 Apr 2011

Royal London has signed a deal that sets out the potential transfer of Royal Liver’s asset and liabilities to Royal London.
S&P lowers Japan's rating outlook to negative

27 Apr 2011

Ratings agency could downgrade Japan’s debt rating amid fears finances will suffer following earthquake and tsunami disasters.
Saffron Building Society - 3 Year Fixed 3.99%

15 Apr 2011
Saffron Building Society - 3 Year Fixed 4.59%

15 Apr 2011
Saffron Building Society - 3 Year Fixed 4.99%

15 Apr 2011
Santander to build global multi-manager team

4 Apr 2011

Santander Asset Management is to build a global multi-manager team, with Tom Caddick heading fund management and José María Martínez-Sanjuán heading fund selection.
Santander/Abbey For Intermediaries - 2-Year BBR + 1.99% Tracker Remortgage

28 Apr 2011
Savills Private Finance completes management buyout

3 May 2011

Business will be renamed SPF Private Clients.
Schroder covers calls for property

14 Apr 2011
Schroders - Schroder Global Property Income Maximiser

4 Apr 2011
Schroders cuts 2011 Japan GDP forecast

1 Apr 2011

Schroders has cut its forecast for Japanese GDP growth in 2011 from 1.2% to 0.8% as a consequence of last month’s earthquake and tsunami.
Schroders to launch commodity investment trust

18 Apr 2011

Schroders is to launch a commodity investment trust, to be run by its specialist absolute return multi-managers firm, Schroders NewFinance Capital.
Sentance: MPC inaction could already have hit credibility

26 Apr 2011

MPC member Andrew Sentance says committee’s credibility and commitment to inflation target could have been eroded.
Sesame launches financial adviser school

28 Apr 2011

Network says initial pilot will train 15 students to QCF Level 4 in 18 months.
SFO drops Keydata investigation

3 May 2011

Serious Fraud Office says not enough evidence to prosecute so will focus on tracing ’misappropriated’ assets.
SJP appoints Vivian Bazalgette as non-exec director

7 Apr 2011

Bazalgette will take up new role on 1 July 2011.
SLI to soft close Nimmo's smaller companies fund

26 Apr 2011

Standard Life Investments has confirmed it intends to soft-close its UK smaller companies fund
Standard Life launches wrap managed portfolio service

26 Apr 2011

Strategies numbered one to five depending on risk level.
Steven Levin appointed as Skandia International CEO

18 Apr 2011

Levin to take over from Andre Oszmann as CEO from June.
Succession member acquires Leicester IFA

1 Apr 2011

Succession Advisory Services member Berkeley Burke has acquired Leicester IFA firm Baker Richmond Financial Services.
Syndicate Asset Management sells institutional fixed income business

27 Apr 2011

Firm sells institutional fixed income business Epic Asset Management to Hume Capital for £2.1m as part of plans to focus on wealth management.
TBMC launches buy-to-let exclusives with Chorley BS

1 Apr 2011

Products are two-year discounts at 4.99%.
Teachers Building Society – 2-Year 2% Discount Mortgage - Direct

8 Apr 2011
Tenet calls for more clarity on workplace pensions reform

11 Apr 2011

The network says many employers are unsure of full responsibilities ahead of changes.
Tesco gearing up for summer mortgage launch

19 Apr 2011

Supermarket giant has “excess” of deposits over loans in preparation of mortgage launch.
The Flexible approach - Matt Trott, Head of Annuities, LV=

Online - April 2011

In case you’ve missed it, we now have a new flexible pension regime. At time of going to press it is unclear how many providers have been either willing or able to offer the full fexibility available to clients.
Threadneedle Investments - Threadneedle (Lux) European Smaller Companies Absolute Alpha Fund

3 May 2011
Threadneedle poaches Barings Lat Am fund manager

4 Apr 2011

Threadneedle has hired Daniel Isidori from Barings Asset Management to manage its £1.2 billion Latin America fund.
TMW launches new buy-to-let range

13 Apr 2011

Range includes one-year tracker at base rate plus 1.99% up to 65% LTV.
Tory MP calls for ban on Government borrowing

21 Apr 2011

Conservative MP Steven Baker says the Government should be banned from borrowing money.
Towry announces £7.5m loss in 2010

26 Apr 2011

Firm says loss caused by “exceptional costs” of Edward Jones integration and opening of 11 new offices.
Treasury closes Qrops loophole

6 Apr 2011

The Treasury to introducing clause in the Finance Bill to stop Qrops being used for tax avoidance.
Treasury snubs early access to pensions

19 Apr 2011

Lack of evidence leads to rejection of early access; officials propose simplification of trivial commutation rules by looking at expansion to private pensions.
Trusts at odds over discount control

4 May 2011

How should investment trusts use discount control mechanisms?
Twelfth fund from Artemis

28 Apr 2011
Ucits III fund duo from RAB

21 Apr 2011
UK inflation rate falls to 4 per cent in March

12 Apr 2011

The UK CPI annual rate of inflation has fallen to 4 per cent, down from 4.4 per cent in February.
UK unemployment falls to 2.48m

13 Apr 2011

UK unemployment falls by 17,000.
Unilever to close final salary pension scheme

14 Apr 2011

Just 21% of private sector schemes now open to new joiners, compared with 88% 10 years ago.
VCTs raise £365m in 2010/11 tax year

11 Apr 2011

VCTs took in a total of £365m in the 2010/11 tax season, according to figures from the Association of Investment Companies.
Veracity sets up forum to open dialogue with FSA

5 Apr 2011

Forum will aim for better communication between the FSA and consultancy firms helping advisers transitioning to the RDR.
Voyant UK launches crash simulation tool

4 May 2011

Loss Capacity Simulator examines client capacity for loss in a market crash.
Way builds up momentum

4 Apr 2011
Woodford confronts his critics: The full interview

1 Apr 2011

Full transcript of Invesco Perpetual income manager Neil Woodford from earlier this week.
Wrap and corporate pensions sales lift Standard Life Q1 results

28 Apr 2011

Wrap assets up 13 per cent and corporate pension inflows rise 85 per cent.
Yorkshire Building Society agrees terms for N&P takeover

20 Apr 2011

Yorkshire Building Society has agreed terms to takeover Norwich & Peterborough Building Society.

Money MarketingOnline - April 2011

Money Marketing
Online - April 2011