Money Marketing
Online - August 2010
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Aldermore Mortgages - Two- Year 4.78% Fixed
20 Aug 2010
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Gilliat Financial Solutions - UK Annual Kick Out – September 2010
2 Aug 2010
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Investec Structured Products – FTSE 100 Bonus Income Plan 10
27 Aug 2010
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Legal & General - FTSE Growth Plan 6
27 Aug 2010
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Legal & General - Six-Year Growth Deposit Bond 3
27 Aug 2010
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Macquarie Bank International - Macquarie Wrap Update
5 Aug 2010
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2plan draws on Standard Life funding at slower pace
9 Aug 2010
2plan accessing external funding at £900,000 less than forecast.
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A real opportunity to improve the landscape of the retirement market
2 Aug 2010
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A word of caution from T. Bailey
16 Aug 2010
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Abbey for Intermediaries and A&L merge to form one brand
5 Aug 2010
Combined intermediary products will be branded Abbey for Intermediaries from October 15.
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ABI appoints Alain Dromer as investment committee chairman
2 Aug 2010
Aviva Investors chief executive Alain Dromer appointed ABI investment committee chairman.
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ABI says industry unlikely to fill Nest gap
13 Aug 2010
Trade body says even if auto-enrolment parameters were adjusted it is unlikely the private sector could replace Nest.
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ABI to amend VAT guidance
25 Aug 2010
ABI removes implication that advice fees must be paid upfront to be eligible for a VAT exemption.
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ACA says 41% of larger employers considering levelling down
31 Aug 2010
Findings contrast with research recently released by the DWP downplaying levelling down threat.
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Advisory role could split between relationship managers and technical specialists
4 Aug 2010
Aifa paper says RDR could lead to a clearer split of responsibilites within IFA firms.
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Aegon - Investment Control Bond - Secure Income Option
12 Aug 2010
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Aegon hires Aberdeen's Bell for asset management role
26 Aug 2010
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Aegon opts for guarantee trio
20 Aug 2010
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Aegon settles with EU Commission
17 Aug 2010
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AIC hails bumper year of investment trust activity
16 Aug 2010
The Association of Investment Companies points to ten new fund launches, six management changes and three investment policy shifts in 2010.
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Aifa says care needed on execution-only
4 Aug 2010
Trade body says firms must clearly separate advice from execution-only services.
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Aifa says IFAs should seriously consider restricted advice
4 Aug 2010
Trade body paper warns restricted advice should not be seen as a soft option.
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Aifa warns passporting is no easy route to escape RDR
4 Aug 2010
But trade body says it is still worth considering given the tax plans of the UK Government.
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Aldermore extends range to include first-time buyers
17 Aug 2010
Lender has made numerous changes to range, including increasing maximum loan size.
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Aldermore Mortgages - Mortgage Portfolio Update
20 Aug 2010
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Aldermore Mortgages - Two-Year 5.18% Fixed
20 Aug 2010
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Aldermore Mortgages - Two-Year 5.78% Fixed
20 Aug 2010
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Altmann warns of future litigation risk from auto-enrolment
16 Aug 2010
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Annual allowance changes could slash DB benefits
2 Aug 2010
Members of final salary schemes could see the annual benefits they are able to build up slashed by a third, says Towers Watson.
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Annuity rates continue to slide
17 Aug 2010
Latest data compiled by The Retirement Partnership for Retirement Strategy shows annuity rates continuing to slide downwards.
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Another Standard Life hire for Nucleus
17 Aug 2010
Standard Life’s Jeff Spence is joining Nucleus as wrap operations director.
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Artemis adds global income to its bow
6 Aug 2010
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Ascentric - Wrap Update
5 Aug 2010
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Ascentric integrates with True Potential
4 Aug 2010
True Potential users can now view up-to-date portfolio valuations alongside existing client data.
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Ascentric launches Qrops on platform
19 Aug 2010
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Aviva confirms rejection of RSA proposal
16 Aug 2010
Provider says £5bn is too low and that the GI and life model offers significant capital benefits.
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Aviva Investors - Defined Returns Fund 6
27 Aug 2010
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Aviva investors urge RSA deal rethink
17 Aug 2010
Top investors urge Aviva to reconsider £5bn offer from Canadian insurer.
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Aviva profits up 31% as it renegotiates RBS tie-up
5 Aug 2010
Aviva renegotiated joint venture to distribute protection and pension products through RBS, as it reports a 31 per cent increase in profits for the first half of 2010.
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Aviva shares jump after talk of Axa bid
17 Aug 2010
Axa linked with Aviva bid following insurer’s rejection of RSA bid for its GI arm.
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Aviva signs exclusive protection deal with Santander UK
3 Aug 2010
Santander agrees five-year life insurance distribution agreement with Aviva from June 2011.
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AXA Wealth - Elevate update
18 Aug 2010
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B&B looks to recoup same-day remortgage losses from solicitors
23 Aug 2010
Lender says solicitors failed to disclose important information in the transactions.
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Bank downgrades UK growth prospects
11 Aug 2010
Bank of England governor warns of years of slow growth.
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Bank of England mulls LTV caps
31 Aug 2010
Deputy governor Charles Bean also hints at further quantitative easing.
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Bank of Scotland pulls out of Ireland
20 Aug 2010
Bank of Scotland Ireland to be wound down following loses in Irish property crash.
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Banks fear new regulators will lack accountability
23 Aug 2010
The British Bankers’ Association says scrapping the FSA will give too much power to the BoE.
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Barclays posts £3.95bn profit
5 Aug 2010
Pre-tax profit jumps 44 per cent.
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Barclays rejects idea of lending targets
13 Aug 2010
Head of small business Steve Cooper says it encourages irresponsible lending.
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Barclays warns Govt against breaking up banks
6 Aug 2010
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Barclays Wealth - Emerging Markets Optimiser Plan July 2010
4 Aug 2010
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Barclays Wealth - Regular Income Bond August 2010 Edition
23 Aug 2010
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Barclays Wealth's Hans Georgeson to lead Architas
2 Aug 2010
Georgeson moves to Axa Wealth’s multi-manager to drive growth
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Basel shake-up to hit bank bondholders
20 Aug 2010
New Basel III rules could see bondholders’ investments written off in the case of a bailout.
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Beacon places staff into consultation
11 Aug 2010
Sales director Clive Wilson still confident lender can secure funding.
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Bernanke says America will avoid double dip
27 Aug 2010
Chairman of the Federal Reserve expects American economy to expand in second half of 2010 and continue growing into 2011.
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BNY Mellon hires vice chairman
4 Aug 2010
Curtis Arledge will join BNY Mellon as vice chairman of the corporation and chief executive officer of BNY Mellon Asset Management.
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Bolton China trust lags benchmark
19 Aug 2010
Anthony Bolton’s Fidelity China special situations lagged its MSCI benchmark over its debut two months in net asset value terms, although its shareprice outperformed.
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Boulger warns lender tactics discourage shopping around
13 Aug 2010
John Charcol senior technical manager says most lenders try to stop shopping around by leaving hard footprints, in breach of FSA rules.
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Bright Grey increases CI pay-outs to 95%
5 Aug 2010
Bright Grey’s average pay-out was almost £90,000 for the first six months of the year.
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Bupa adds health care select 3 plus
20 Aug 2010
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Bupa offers free health check with IP sales
23 Aug 2010
New customers who buy a Bupa income protection plan and their introducing intermediaries will receive a free health assessment.
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Call for public consultation on CPI changes
23 Aug 2010
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Can loading premiums be justified?
10 Aug 2010
Matthew Morris says that in today’s market those who take the high price road could end up losing out in the long term.
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Can you really trust the experts?
5 Aug 2010
Can all the industry experts who missed Lehmans be relied upon to predict the future?
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Canada Life boosts adviser commission for group risk
9 Aug 2010
Advisers can select up to 30 per cent commission on all group risk sales.
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Capita faces 1,300 CF Arch Cru investor complaints
4 Aug 2010
Law firm and IFAs help orchestrate deluge of complaints against the authorised corporate director of the fund range.
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CarVal remains in Lifemark loan talks
2 Aug 2010
The US hedge fund continues due diligence over a lifeline restructure deal for Lifemark.
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CarVal walks away from Lifemark rescue talks
19 Aug 2010
Talks between CarVal and Lifemark’s administrator KPMG have broken down after the US hedge fund was demanding costly due diligence.
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Cazenove predicts inflation to moderate next year
24 Aug 2010
Cazenove head of strategy and economics says several pressure points heave caused inflation to be higher than expected.
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Cheltenham & Gloucester Direct - 2-Year 4.44% Fixed Remortgage
5 Aug 2010
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Cheltenham & Gloucester Direct - Mortgage Portfolio Update
5 Aug 2010
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Cheseldine leaves Hewitt for LCP
25 Aug 2010
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China supersedes Japan as second-largest economy in Q2
16 Aug 2010
Japan posts Q2 GDP of $1.288trn, lower than China’s Q2 figure of $1.337trn.
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Clawback proposed on performance fee deals
23 Aug 2010
Lipper calls for clawback feature for funds if the manager fails to achieve targeted returns.
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Clegg slams IFS Budget analysis
26 Aug 2010
Deputy Prime Minister says the think tank ignored other policy initiatives.
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Close Asset Management appoints senior duo
16 Aug 2010
Close Asset Management has appointed Andrew Gillespie as marketing director and Anita Juneja as head of strategic relationships.
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CML predicts £140bn gross lending for 2010
12 Aug 2010
The Council of Mortgage Lenders has revised down its lending forecast for the year while reducing its arrears and repossessions forecasts.
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Cofunds head of sales departs in restructure
20 Aug 2010
Sales duo exits Cofunds as it merges sales and marketing departments.
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Complainants should not be chasing iPads
26 Aug 2010
Offering glittering prizes to complainants is no way to promote a responsible complaints culture.
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Co-op in talks with buyer for IFA arm
6 Aug 2010
The Co-operative Bank is in exclusive talks with a potential buyer for its IFA arm.
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Coventry BS stops interest-only loans for first-time buyers
9 Aug 2010
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Coventry Building Society - First Time Buyers 5.85% Fixed rate to 30.09.15
17 Aug 2010
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Coventry reports 20% profit hike
18 Aug 2010
Building Society profits up £43.5m as its mortgage and savings balances increase.
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Coventry scraps In The Loop brand for new business
16 Aug 2010
Society will use its own intermediary brands following Stroud & Swindon merger with all S&S board members leaving the business.
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Cut the connection to ensure FOS is impartial
25 Aug 2010
Peter Hamilton says the relationship between the FOS and the CPMA should be severed.
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David Miliband calls for mansion tax
3 Aug 2010
Labour leadership candidate David Miliband calls for a tax on homes worth more than £2m.
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Dearth of new building can prop up prices
18 Aug 2010
Sally Laker says that a shortage in new properties should help prevent a double dip in house prices.
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Defaqto on Aegon's Investment Control Bond - Secure Income Option
20 Aug 2010
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Defaqto on Cheltenham & Gloucester Three-Year Fixed Intermediary
16 Aug 2010
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Defaqto on Furness Building Society's Two-Year 3.49% Fixed Mortgage
27 Aug 2010
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Defaqto on Querns Asset Management's Income First Fund
20 Aug 2010
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Deficit denial would wreck economy, says Osborne
17 Aug 2010
Osborne: “Denial about the scale of the deficit is the surest way to disaster.”
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Discovery completes Standard Life Healthcare deal
2 Aug 2010
Acquisition takes PruHealth’s market share to 11 per cent.
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Don't hide your TERs
23 Aug 2010
Rob Williams says it should be easier for advisers and investors to find the total expense ratio of a fund.
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Downing gets FIT with Low Carbon Investors
20 Aug 2010
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Dual regulation risk with American clients
2 Aug 2010
UK advisers and managers with American clients may face dual regulation under the country’s financial reform bill, a leading American lawyer says.
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Ed Balls calls for housing reform
31 Aug 2010
Labour leadership candidate calls for £6bn affordable housing spend and lower VAT on housing repairs.
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Ed Balls slams cost-cutting consensus
27 Aug 2010
Labour leadership candidate says political and media cost-cutting consensus has no mandate from the electorate.
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Employees suffer in silence rather than tell their boss
25 Aug 2010
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End public sector pension contracting out subsidy
3 Aug 2010
Pensions expert Ros Altmann calls on John Hutton to look at reforming contracting out as part of his public sector pension review.
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Ernst & Young warns RDR will increase product bias
4 Aug 2010
The accountancy firm says nine out of ten wealth managers will choose the restricted advice channel.
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Evercore Pan Asset Capital Management - PanDynamic Defensive Fund
23 Aug 2010
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Evercore Pan Asset Capital Management - PanDynamic Aggressive Fund
23 Aug 2010
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F&C reports £19.5m loss after tax
26 Aug 2010
F&C has reported a £19.5m loss after tax for the first six months of 2010.
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Failed AIA bid costs Pru £377m
12 Aug 2010
Insurer refuses to rule out future break-up of the group.
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Fair Investment in Omo tie up with Annuity Team
17 Aug 2010
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Fed downgrades economic growth outlook
11 Aug 2010
The US Federal Reserve puts its monetary exit strategy on hold
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Feeling 90 per cent with C&G
16 Aug 2010
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Fidelity adds sterling class to emerging Asia fund
3 Aug 2010
The group is to ask the IMA to include the fund in the Asia Pacific ex Japan sector
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Fidelity European equity veteran Fraenkel-Thonet quits
9 Aug 2010
The manager is handing his Luxembourg-based European larger companies fund to rising star Matt Siddle.
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Fidelity launches Equity Growth Defender fund
31 Aug 2010
Fund is designed to offer growth while protecting capital and growth from full impact of market declines.
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Five years to profit from fees
11 Aug 2010
Yellowtail Financial Planning managing director Dennis Hall says it has taken him five years to move to a fee-based model and start earning a profit.
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Foresters Friendly launches IFA portal
23 Aug 2010
Portal allows advisers to produce online quotes and submit applications online.
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Former director of Imperial Consolidated jailed for fraud
5 Aug 2010
Director paid himself up to £61,000 per month and entertained staff in lavish restaurants.
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Former Edward Jones clients hit out at Towry transfer charges
2 Aug 2010
Former Edward Jones clients complain about transfer charges they say were introduced in July.
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Former police detective gets 6 years for £3.7m BTL fraud
10 Aug 2010
Charles Overend inflated house valuations to borrow more than the maximum 85% LTV.
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FOS rules against Norwich & Peterborough over Keydata
18 Aug 2010
The building society told to pay out £28,000 to an elderly couple after advising them to invest in a Keydata product through Lifemark.
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FSA blunder "fines" 400 firms for overdue returns
13 Aug 2010
The FSA has apologised for the mistake which saw 400 firms issued with a £250 fine.
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FSA exodus as resignations double
9 Aug 2010
The Financial Services Authority saw 121 staff quit in the second quarter.
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FSA fines and bans insurance brokers for fraud
17 Aug 2010
The FSA has issued fines totalling £200,000 to two brokers involved in insurance fraud.
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FSA fines broker £31k for mortgage fraud failings
31 Aug 2010
The FSA has fined one broker £31,500 for mortgage fraud failings and banned another.
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FSA fines RBS £5.6m
3 Aug 2010
The FSA imposes its biggest fine to date on RBS Group.
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FSA fines SocGen £1.57m
25 Aug 2010
The regulator says the firm’s London branch failed to provide it with accurate transaction reports.
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FSA fines Zurich Insurance £2.3m
24 Aug 2010
Zurich’s systems and controls failed to prevent the loss of 46,000 customers’ confidential information.
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FSA PPI rules to cost up to £3.2bn
10 Aug 2010
FSA says moves to improve complaint handling processes could cost the industry £3.2bn.
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FSA probes Coutts & Co after AIG bond sales
6 Aug 2010
The FSA has launched an investigation into Coutts & Co over the sale of the AIG bonds.
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FSA warns on sale and rentback broker
12 Aug 2010
Regulator says Mark Ainley acted beyond his regulated permissions in advising on rentback contracts.
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FSCS judicial review court date set
24 Aug 2010
Regulatory Legal has secured a court date for its judicial review of the FSCS levy.
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FSCS to decide on further NDFA, DRL and Arc compensation by September
6 Aug 2010
IFAs could be in line for another FSCS levy if it decides to cover losses from the groups’ capital at risk products.
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FTSE 100 firms make record contributions to DB schemes
4 Aug 2010
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Fund trio does performance fees their Way
20 Aug 2010
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Furness Building Society - Two-Year 3.49% Fixed
20 Aug 2010
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Furness takes straightforward approach
27 Aug 2010
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Gartmore appoints head of research for global equities
6 Aug 2010
Gartmore has appointed Nick Anderson as head of research for global equities.
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Gartmore suffers net outflows of £1.65bn
17 Aug 2010
Net outflows double from same period last year.
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GDP grows by 1.2 per cent in Q2
27 Aug 2010
ONS revises growth figures up slightly.
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Gilliat Financial Solutions - 3-Year UK Digital October 2010
20 Aug 2010
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Gilliat Financial Solutions – Annual Kick Out October 2010
12 Aug 2010
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Gilliat Financial Solutions - Income Builder September 2010
2 Aug 2010
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Global asset allocators rotate into UK equities
17 Aug 2010
Asset allocators offer most positive stance on UK equities for over three years, according to the Bank of America Merrill Lynch Fund Manager survey.
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Global Wealth Management (GWM) Institutional - 7H Absolute
2 Aug 2010
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Godiva Residential - 2.99% Fixed to 30.9.12
17 Aug 2010
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Govt refuses to intervene on dual pricing
20 Aug 2010
The Government has insisted that pricing remains a commercial decision for banks and building societies.
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Govt responds to IFA petition
23 Aug 2010
Government says new regulator will ensure firms are “responsibly managed and regulated”.
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Govt whip demands Keydata answers from FSA
12 Aug 2010
Chloe Smith wants to grill Hector Sants over the FSA’s handling of the Keydata crisis.
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GWM unveils European long/short fund
16 Aug 2010
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Halifax Intermediaries - Two-Year Tracker
20 Aug 2010
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Hargreaves Lansdown head of Vantage and broking operations quits
2 Aug 2010
Hargreaves Lansdown managing director of Vantage and broking operations Andrew Christian has left the firm after 19 years.
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Henderson Gartmore rumours: adviser reaction
11 Aug 2010
Advisers say there would be a considerable overlap in fund ranges.
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Henderson sees profits jump 79 per cent
18 Aug 2010
Chief executive Andrew Formica refuses to comment on Gartmore bid rumours.
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Henderson touted for Gartmore bid
11 Aug 2010
Rumours within the City that Henderson is targeting Gartmore.
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Henderson’s Ward questions impending VAT hike
20 Aug 2010
Economist Simon Ward says Government borrowing will fall adequately without tax injection.
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HL advises switch out of JP Morgan premier equity income fund
9 Aug 2010
Hargreaves Lansdown says Artemis income, managed by Adrian Frost and Adrian Gosden, is a better alternative in the same space
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HL calls for switch on Scottish Widows income funds
12 Aug 2010
Hargreaves Lansdown has suggested that investors switch out of both the Scottish Widows UK equity income and Swip UK income funds.
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HMRC guidance clarifies VAT fee stance
6 Aug 2010
The ABI and HMRC have reiterated that VAT is only payable on advice, not on the sale of a product, in new guidance.
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Hodge Lifetime MD Jon King leaves the firm
3 Aug 2010
Hodge Lifetime managing director Jon King is leaving the firm amid a restructuring of its equity release business.
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House prices in first fall since July 2009
10 Aug 2010
Further data points to housing downturn as RICS says prices fell for the first time in a year.
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Housing institute warns "golden age of home ownership" is over
17 Aug 2010
Chartered Institute of Housing urges Government to provide more options for those unable to get on ladder.
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HSBC – 3.95% 5-Year Special Fixed Rate Direct
5 Aug 2010
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HSBC - BBR + 1.69% Special Tracker Direct
5 Aug 2010
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HSBC – Mortgage Portfolio Update
5 Aug 2010
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HSBC looks to take majority stake in Old Mutual subsidiary
23 Aug 2010
Bank looks to acquire 70 per cent stake in South African bank Nedbank Group in £4.4bn deal.
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HSBC reports 121% profit hike
2 Aug 2010
British bank posts H1 pre-tax profits of more than £7bn
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IFAs choose platforms for greater fund range
24 Aug 2010
Aifa research looks at why advisers choose to use a platform.
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IFP to host RDR conference
27 Aug 2010
The Institute of Financial Planning is offering help on the RDR in London next month.
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IFS says Budget hits the poorest hardest
25 Aug 2010
The Institute of Fiscal Studies challenges Government claims that the Budget was progressive.
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Ignis Asset Management - UK Enhanced Income Fund
2 Aug 2010
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Ignis uses derivatives to boost income
16 Aug 2010
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IMA opts against making absolute return rejig
23 Aug 2010
The IMA has decided not to make any changes to the absolute return sector as part of its annual review.
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IMA to conduct biggest sector review in a decade
9 Aug 2010
Trade body says impact of Ucits III and the RDR means an overhaul of sectors is required.
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Impax to close environmental leaders fund
17 Aug 2010
Impax Asset Management winds up its environmental fund after being handed a bigger mandate by Skandia
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Incapital Europe - Capital Accumulator Auto Call Plan - Dual Index Series IX
2 Aug 2010
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Incapital Europe - Capital Accumulator Auto Call Plan - Dual Index Series X
2 Aug 2010
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Incapital Europe - Digital Growth Plan - FTSE 100 Index Series
2 Aug 2010
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Inflation remains above 3%
17 Aug 2010
CPI at 3.1% in July, more than 1% above the Bank’s target.
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Insight hires multi-asset specialist from Architas
5 Aug 2010
Shantanu Tandon will focus on investment research and stock selection at Insight
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Insurers face hit from US tax rules
26 Aug 2010
The Association of British Insurers is lobbying against US tax evasion rules that the trade body says are “impossible to fully comply with.”
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Intelligent Pensions bolsters management team
31 Aug 2010
Intelligent Pensions has recruited Andrew Pennie as marketing director.
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Inter-Alliance not permitted to do UK Sipps
4 Aug 2010
FSA updates its register to clarify Cyprus-based firm Inter-Alliance Worldnet Insurance Agents and Advisors is not permitted to conduct Sipp business in the UK.
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Interest rates could rise to 8% by 2012
23 Aug 2010
The Policy Exchange says inflation may hit 10 per cent, forcing interest rates to rise.
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Intrinsic marketing director to leave network
16 Aug 2010
George Higginson was one of the network’s founders and chairman of Mint Financial Services.
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Invesco launches offshore Lat Am fund
11 Aug 2010
Invesco has launched an offshore version of the Invesco Perpetual Latin American fund, managed by Dean Newman.
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Invest & Give fund to be wound up
25 Aug 2010
Invest & Give is winding up after failing to attract enough assets to make it viable.
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Investec Structured Products - FTSE 100 Enhanced Kick Out Plan 15
27 Aug 2010
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Investec Structured Products - FTSE 100 Geared Returns Plan 20
27 Aug 2010
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Investec Structured Products - FTSE 100 Income Deposit Plan 13
27 Aug 2010
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Investec Structured Products - Launch 19 collection of deposit and investment plans update
20 Aug 2010
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Investors opt for cautious managed, says IMA
2 Aug 2010
Absolute return funds toppled in best selling list.
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Is America ready to fight deflation?
3 Aug 2010
Will the US act now to curb a possible downturn?
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JM Finn & Co - CF JM Finn UK Smaller Companies Fund
2 Aug 2010
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JM Finn brings global perspective to UK smaller companies
20 Aug 2010
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JPM creates Oeic version of Highbridge fund
27 Aug 2010
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JPMorgan Asset Management - JPM Highbridge Statistical Market Neutral Fund
17 Aug 2010
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Jupiter reports £14.6m profit for H1
24 Aug 2010
Jupiter’s assets under management grew 28 per cent to £19.8m.
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Just Retirement sales jump 33% to £1bn
9 Aug 2010
Just Retirement has reported a 33 per cent increase in annuity and equity release business to £1bn for the 12 months to June 30.
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Kent Reliance to transfer assets to bank structure
3 Aug 2010
Deal with J.C. Flowers will create a banking subsidiary of Kent Reliance Provident Society.
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Keydata forum suspended after "offensive allegations"
17 Aug 2010
The Keydata Victims’ Forum has been taken offline after Keydata founder Stewart Ford called in his lawyers.
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Keydata victims' forum is resurrected
23 Aug 2010
Forum has been relaunched after being taken down earlier this month due to a complaint by Stewart Ford.
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L&G records £583m profit and boosts dividend
4 Aug 2010
L&G recorded a profit before tax of £583m for the first half of 2010, a significant improvement on the £1bn loss made during H1 2009.
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L&G shares rise on Zurich bid rumours
18 Aug 2010
Shares in Legal & General rise after rumours that Zurich Financial may be preparing a bid for the insurer.
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Leeds BS reports 10% increase in half-year profits
10 Aug 2010
Building Society attracted 34,000 new members in the first half of 2010.
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Lehmans wind-up costs tip $1bn
17 Aug 2010
Lawyers charge millions of dollars while investors fear no redress.
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Lifemark collapse staved off by £2.9m asset sale
27 Aug 2010
Four traded life settlement policies have been sold and another 10 are being lined up for sale to prevent Lifemark from collapsing.
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Lighthouse sells pension admin arm to Mattioli Woods
10 Aug 2010
IFA group sells City Pensions/City Trustees for £1.85m.
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Liontrust outflows continue
17 Aug 2010
Departure of chief executive Nigel Legge cost the firm £665,000.
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Lloyds reveals £1.6bn first half profit
4 Aug 2010
Bank moves back into black after £4bn loss in the first half of 2009.
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Lloyds TSB rejects 9 out of 10 customer complaints
26 Aug 2010
Bank receives around 2,000 complaints a day.
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LSL runs rule over Pink Home Loans
11 Aug 2010
LSL is looking to increase the scale of its mortgage proposition after Home of Choice deal.
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Luckraft trust proposal rejected
31 Aug 2010
Framlington innovative growth shareholders have voted against a proposal to restructure the £90m investment trust as a small-cap equity income vehicle.
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LVAM appoints head of sales
10 Aug 2010
LV= Asset Management has appointed Matthew Wright as head of sales.
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M&G is retail winner with second-quarter sales of £2.25bn
13 Aug 2010
Lipper Feri’s latest UK Fundflash finds M&G racked up the biggest gross retail sales.
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M&G reports £3.4bn of retail sales
12 Aug 2010
The asset manager says it took a 10 per cent share of total UK retail industry sales.
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Macquarie unveils new features for wrap
16 Aug 2010
Improvements include the way client assets are uploaded to the platform and the ability to add, edit or delete model portfolios.
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Manor Park - Guaranteed UK Capital Growth Fund October 2010 Series
27 Aug 2010
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Manor Park - Guaranteed UK Selected Growth Fund October 2010 Series
27 Aug 2010
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Marsden Building Society - 6-Year 4.99% Fixed
27 Aug 2010
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Marsden Building Society - Buy-To-Let 5.4% Fixed to 30.6.13 Remortgage
4 Aug 2010
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Marsden Building Society - Buy-To-Let 5.89% Fixed to 30.9.16 Remortgage
4 Aug 2010
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MEP hits out at RDR plans
11 Aug 2010
MEP Godfrey Bloom: “Most of middle England will be left with no advice whatsoever.”
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Merchant Investor adds zest with SRI FOF
27 Aug 2010
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Merchant Investors/Minerva Fund Managers - MI Eden SRI Balanced Fund
16 Aug 2010
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Message overhauls Old Mutual fund
10 Aug 2010
Stephen Message has turned over 45% of the Old Mutual extra income fund since he took over the management in December.
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Meteor Asset Management - Select Ten Plan
27 Aug 2010
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MMTV: Is tax relief working as a saving incentive?
13 Aug 2010
Panelists at our retirement planning summit discuss whether the current system of tax relief is working.
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More on CPD: A summary of the key points on CPD from CP10/14
3 Aug 2010
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Morgan Stanley - FTSE Best Entry Growth Plan 6
16 Aug 2010
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Morgan Stanley - FTSE Defensive Income Plan
16 Aug 2010
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Morgan Stanley - FTSE Gilt-Backed Growth Plan 4
2 Aug 2010
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Morgan Stanley - Kick Out Growth Plan 6
16 Aug 2010
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Morgan Stanley - Protected Growth Plan 36
16 Aug 2010
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Morgan Stanley takes a Dip
27 Aug 2010
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Mortgage spreads at all time high
19 Aug 2010
Margins between average rates and current swap rates doubled in two years, says Moneyfacts.
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N&P admits Keydata compensation could hit £50m
27 Aug 2010
Norwich & Peterborough Building Society chief executive Matthew Bullock insists the firm is not to blame for client losses.
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N&P chief defends Keydata advice
20 Aug 2010
N&P chief Matthew Bullock points finger at Keydata management.
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Nationwide drops rates by up to 0.3%
5 Aug 2010
Biggest cuts are on mortgages available up to 85 per cent loan-to-value.
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NatWest Intermediary Solutions adds three new deals to range
9 Aug 2010
Lender also reducing the rate on its 60% LTV corporate remortgage.
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Neptune launches Africa fund
31 Aug 2010
Fund launched for returning fund manager Shelley Kuhn.
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New banking venture raises £50m
20 Aug 2010
John McFall and Lord Levene have raised £50m for their new high street bank, NBNK.
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Nigel Stockton joins Countrywide
24 Aug 2010
Lloyds Banking Group sales director of mortgages to join Countrywide as financial services development director.
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Northern Rock – Mortgage Portfolio Update
13 Aug 2010
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Northern Rock cuts Everyday range rates
13 Aug 2010
Buy-to-let deals slashed by up to 0.60 per cent.
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Northern Rock cuts mortgage application fee by 60%
20 Aug 2010
Fee slashed from £250 to £99.
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Northern Rock launches intermediary-designed mortgage
12 Aug 2010
’Design your own mortgage’ competition won by Mark Watson.
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Northern Rock postpones fee reduction
24 Aug 2010
Lender says internal system error responsible.
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Northern Rock's "bad-bank" returns to profit
3 Aug 2010
But the so called “good-bank” recorded a loss of £142.6m for the first half of the year.
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Nucleus appoints head of risk
2 Aug 2010
Leanne Prowse joins from Standard Life to take up the newly created role of head of legal, risk and compliance.
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Number of high-earning FSA staff trebles
31 Aug 2010
FT freedom of information request reveals number of staff earning over £100,000 has trebled in four years.
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Old Mutual profits jump after 145% increase in UK platform sales
6 Aug 2010
The firm also announces the sale of its US life business for £220m.
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Osborne: We will not tolerate banks piling pressure on small firms
2 Aug 2010
Chancellor warns banks must increase lending to small firms while Ed Miliband says Labour must become a small business champion.
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'Over-optimism' hits BlackRock UK absolute alpha fund performance
23 Aug 2010
Lyttleton expresses disappointment with short-term performance but refutes concerns over fund size.
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Paul Evans becomes Axa UK chief executive
4 Aug 2010
Bluefin Wealth Management revenues down 19 per cent after 20 offices closed and 200 employees leave the firm.
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Paymentshield launches flexible protection product
9 Aug 2010
IncomeShield covers any outgoings up to 65 per cent of income.
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Pension deficit puts UK £5trn in debt
23 Aug 2010
Think tank argues that official figure of £816bn ignores UK’s pension liabilities.
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Pension Protection Fund to unveil new funding plan
25 Aug 2010
The Pension Protection Fund hopes to be self-sufficient by 2030.
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Pensions Regulator hires NAPF director of policy
5 Aug 2010
TPR has appointed NAPF’s Nigel Peaple as head of corporate and international affairs.
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Personal responsibility for health and welfare will become inevitable
17 Aug 2010
Friends Prov’s Ed Stuart-Brown says people must adopt healthier lifestyles to avoid the penalties in the future.
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Positive Solutions and Origen post further losses
12 Aug 2010
Aegon’s distribution businesses post losses of £2m for the second quarter but the insurer has reported a 25 per cent jump in earnings.
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Post Office slashes rates
16 Aug 2010
Lender also launches new two-year fixed-rate deal at 65 per cent LTV with a rate of 2.85 per cent.
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Prestwood launches financial planner mentoring programme
23 Aug 2010
Programme led by team of eight mentors to help lifestyle financial planners prepare for the retail distribution review.
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Profits at Fortis UK fall 68%
25 Aug 2010
Protection business makes a loss of £2m for the first half of the year.
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Prudential set to lift dividend
2 Aug 2010
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Querns puts income first
20 Aug 2010
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RAB Capital to close European dynamic fund
13 Aug 2010
RAB Capital is to close its £2.8m European dynamic fund as it is no longer economically viable to run.
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Rates held at 0.5%
5 Aug 2010
Bank of England holds base rate at 0.5% and QE is held at £200bn
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RBS reports £1.1bn half year profit
6 Aug 2010
RBS reports pre-tax profit of £1.1bn for first half of 2010.
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RDR could be lost in the VAT
18 Aug 2010
Kim North says a 10-page paper by the HM Revenue & Customs and the Association of British Insurers on VAT liability could undermine the RDR.
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Recruiters call for six-month qualifying period for auto-enrolment
10 Aug 2010
The Recruitment and Employment Confederation wants greater flexibility for temporary staff.
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Royal London group CEO quits
27 Aug 2010
Mike Yardley is stepping down after 12 years in the job.
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Royal London reports £2m loss
31 Aug 2010
Royal London says Scottish Life has performed well but protection continues to be very challenging.
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Ruffer heavy in Japanese financials
16 Aug 2010
Ruffer has almost half the equity exposure of its flagship investment trust in Japan on the expectation of a substantial rally in Japanese financial stocks.
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RWC Partners - Europe Absolute Alpha Fund
27 Aug 2010
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S&P downgrades Ireland
25 Aug 2010
Standard & Poor’s has downgraded the Irish Republic to its lowest sovereign rating in 15 years.
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Saffron Building Society - 2 Year 4.49% Fixed Mortgage Update
12 Aug 2010
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Saffron Building Society - 2-Year 5.45% Fixed Buy-To-Let
12 Aug 2010
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Saffron Building Society - 3.69% Two-Year Discount Mortgage
9 Aug 2010
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Sanlam Investment Management - African Frontier Markets Fund
27 Aug 2010
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Santander - 2 Year 3.74% Fixed - Direct
2 Aug 2010
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Santander - 3-Year 4.35% Fixed - Direct
2 Aug 2010
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Santander - Direct Mortgage Portfolio Update
2 Aug 2010
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Santander - Mortgage Portfolio Update
27 Aug 2010
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Santander - Two-Year 3.9% Fixed
27 Aug 2010
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Santander completes £1.65bn deal for RBS branches
4 Aug 2010
Deal to complete in 15 to 18 months once approvals are obtained.
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Santander receives 1,300 complaints a day in first half of 2010
27 Aug 2010
The figure equates to 245,000 for the first half of 2010.
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Santander -Two-Year Tracker
27 Aug 2010
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Savills closes down its packager SLS
26 Aug 2010
SLS is to stop taking new business with immediate effect.
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Savills Lending Solutions enter consultation period with all staff
9 Aug 2010
Difficult trading conditions cited as reason for the move.
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Savills reports improved first half profits
26 Aug 2010
£14.4m per-tax profit in first half 2010, compared to £0.1m in first half 2009.
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Schroders fund charges forth with Ucits fund
16 Aug 2010
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Scottish Building Society - Welcome Mortgage Standard First-Time Buyer
27 Aug 2010
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Scottish Building Society - Flex 3-Year 2% Discount
12 Aug 2010
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Scottish Widows Bank - Mortgage Portfolio Update
20 Aug 2010
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Second fund in cautious sector from T. Bailey
6 Aug 2010
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Sentance continues to call for rate hike as MPC stands firm
18 Aug 2010
MPC hawk calls for a rate hike for the third time.
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Sesame Bankhall reports £2m profit
17 Aug 2010
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Skandia adds Prism Capital funds to platform
19 Aug 2010
The joint venture between Paradigm Partners and Octopus Investments has been added to a major platform.
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Skipton launches replacement two-year range
18 Aug 2010
Building Society withdrew pervious range due to high demand.
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Skipton to withdraw two-year range due to demand
13 Aug 2010
Building Society says demand has caused concerns about service levels.
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Spousal bypass solution from Lift-Financial
25 Aug 2010
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St James's Place in High Court claim against former partner
23 Aug 2010
The wealth manager is suing Peter Carron, who is accused of mis-selling investments in his own failed businesses, to recoup a loan it allegedly made.
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St James's Place to offer Primrose compensation
9 Aug 2010
The wealth manager is writing to clients to offer payouts for those who lost out when a former partner mis-sold them investments.
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St James's Place to pay £1.8m compensation to Carron investors
16 Aug 2010
Pay-outs for investors who lost money through investments by former partner Peter Carron.
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Standard Life sees group profits jump 10 per cent
11 Aug 2010
Standard Life has seen a 10 per cent rise in group profit before tax for the first half of 2010.
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Stephen Lansdown steps down as HL executive
27 Aug 2010
Stephen Lansdown has stepped down as executive director of Hargreaves Lansdown.
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Stewart Ford looks to provide Lifemark bailout package
31 Aug 2010
A consortium led by Keydata founder Stewart Ford is proposing a lending package to prevent Lifemark from collapsing.
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Swip brings clout to strategic table
16 Aug 2010
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Tax expert warns over HMRC offshore letters
11 Aug 2010
Offshore account holders warned to speak to their adviser before responding to HMRC.
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Teachers Building Society - 3-Year Fixed 5.99% HomeBuy Direct
12 Aug 2010
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Techlink briefing: Government consults on phasing out default retirement age
9 Aug 2010
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Techlink briefing: Where now for protection rates?
13 Aug 2010
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Tenet reviews leads deal following moneysupermarket.com's broker blunder
3 Aug 2010
Personal Touch has already terminated relationship with PAA Leads following website’s direct only claims.
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Think tank says downturn will last until 2012
6 Aug 2010
NIESR says UK GDP grew by 0.9% but depressed economy will continue on.
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Thousands set to be in negative equity until 2014
31 Aug 2010
House prices predicted to be £226,900 by 2014.
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Threadneedle bolsters fixed income team
18 Aug 2010
Threadneedle has appointed Jonathan Pitkänen as head of investment grade research.
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Threadneedle names Ann Steele as pan European fund manager
16 Aug 2010
Steele has taken over from Rob Jones on the £102m fund as he heads to Union Bancaire Privée.
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Three quarters of adults have no IFA
18 Aug 2010
More than three quarters of consumers have no financial adviser and 86 per cent of UK adults have no written financial plan for retirement, according to Sun Life Financial of Canada.
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Towergate Financial appoints new director
5 Aug 2010
Dan Russell joins as director of client proposition.
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Treasury to cut staff numbers by 25%
31 Aug 2010
Osborne plans to lead the way with spending cuts in his own department.
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Turnaround specialist increases stake in F&C
18 Aug 2010
Buyout specialist increases stake in F&C to 9.4%.
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UK unemployment levels falls to 2.46m
11 Aug 2010
The number of people unemployed in the UK fell by 49,000 to 2.46 million in the three months to June.
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UKSPA slams IMA's Patterson over structured product remarks
4 Aug 2010
The UK Structured Products Association says the IMA “needs educating” on the products
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US growth forecast slashed
27 Aug 2010
The US rate of economic growth during the second quarter of the year has been revised down to 1.6 per cent.
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VAT and Financial Services
31 Aug 2010
The concept of adviser charging introduced under the RDR makes the whole question of VAT in relation to remuneration received by financial advisers, regardless of HOW they receive it, even more relevant…
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VAT guidance contradicts RDR aim for advice
10 Aug 2010
Skandia says advice will be cheaper if clients pay for it up-front with the sale of a product.
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Vernon Building Society - 3-Year 1.60% Discount Offset
17 Aug 2010
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Vernon Building Society - 3-Year 3.99% Fixed
17 Aug 2010
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Vernon Building Society - 3-Year 4.19% Fixed
17 Aug 2010
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Vernon Building Society - 3-Year No Fee 4.19% Fixed
17 Aug 2010
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Vernon Building Society - 3-Year No Fee 4.39% Fixed
17 Aug 2010
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Walker Crips Structured Investments - Annual Growth Plan Issue Six (Kick Out)
17 Aug 2010
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Way Fund Managers - Absolute Return Portfolio Fund
9 Aug 2010
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Way Fund Managers - Asian Spice Portfolio Fund
6 Aug 2010
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Way Fund Managers - Freestyle Growth Portfolio Fund
9 Aug 2010
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Witan appoints two managers in shift to active management
31 Aug 2010
Witan Investment Trust is taking on Lindsell Train and NewSmith Asset Management to run £100m mandates.
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Yorkshire BS censured over laptop loss
26 Aug 2010
ICO finds against Yorkshire after an unencrypted laptop was stolen containing customers’ details.
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Zurich Bank International - Equity Linked Growth Account 4
4 Aug 2010
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Zurich first half profits fall 10%
5 Aug 2010
Zurich reports a 10 per cent drop in business operating profit to £1.43bn for the first six months of 2010.
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Zurich marketing manager moves to 1st Exchange
5 Aug 2010
Sally Davies joins 1st Exchange as head of marketing.
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Zurich scraps GP reports for under 35s
16 Aug 2010
GPRs no longer required for applicants under 35 applying for less than £1m life cover.
