Money Marketing
Online - February 2011
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Axa Elevate adds new charging structure for high value clients
3 Feb 2011
Axa has introduced two new pricing tiers to its wrap platform Elevate to accommodate for advisers wishing to place busines from high value clients.
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Barclays Wealth - Emerging Markets Optimiser Plan February 2011
7 Feb 2011
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Braemar Securities – Hambledon Vineyard EIS update
16 Feb 2011
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IMA concerns over Prips implementation
1 Feb 2011
Trade body calls for harmonised approach to selling practices.
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Investec Structured Products - FTSE 100 3-Year Deposit Plan 24
17 Feb 2011
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Legal & General - UK Growth Early Kick Out Plan 7
18 Feb 2011
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Meteor Asset Management - Prima Platinum Plan 10
21 Feb 2011
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Principal acquires Border Asset Management
1 Feb 2011
Principal to combine with Border Asset Management to create £1.5bn national discretionary investment managment business.
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Saffron Building Society - Two-Year Base Rate Tracker Mortgage - Direct
23 Feb 2011
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Shepshed Building Society - 2-Year 3% Discount Intermediary
1 Feb 2011
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Shepshed Building Society - 2-Year 3% Discount Offset Intermediary
1 Feb 2011
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1st Exchange acquires website firm
8 Feb 2011
All Screen Business employees will transfer to new organisation.
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90 staff to leave HML following GMAC account loss
2 Mar 2011
There are 36 compulsory redundancies and 54 voluntary redundancies.
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A case of outlandish spinning from the FSA
9 Feb 2011
FSA propaganda about FOS complaints adds nothing to the RDR debate.
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A radical solution for FSCS funding?
1 Feb 2011
Industry consultant Mike Fenwick says the time has come for radical alternatives to be debated as an alternative to IFAs continuing to pay for the failures of others.
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Abbey For Intermediaries - Two-Year Fixed Rate
11 Feb 2011
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Abbey for Intermediaries launches new fixed and tracker deals
17 Feb 2011
Lender also reducing rate on a four-year fixed.
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Abbey loan cap doesn't fit
18 Feb 2011
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Aberdeen brings LatAm fund onshore
11 Feb 2011
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Aberdeen brings LatAm onshore
16 Feb 2011
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ABI publishes new standard TPD definitions
21 Feb 2011
Updated statement of best practice for critical illness cover follows lengthy industry consultation.
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ABI questions need for FOS levy increase
22 Feb 2011
Trade body says FOS should explain why an overdraft cannot be used to pay for PPI complaint handling rather than raising the industry levy.
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ABI to scrap "cautious" and "balanced" fund labels
28 Feb 2011
Labels will be replaced by “mixed investment” from April, ABI says.
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Aegon hires ex-FSA RDR head Amanda Bowe
14 Feb 2011
Bowe joins provider as UK group compliance director.
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Aegon to launch Strategic Assets fund
17 Feb 2011
Aegon targeting annual return of 10% over three years.
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Ageas Protect - Low Start
3 Feb 2011
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Aifa warns on 'guilty until proven innocent' approach
17 Feb 2011
Policy director Andrew Strange says plans to publicise details of ongoing enforcement investigations are worrying.
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Aldermore Mortgages - 1-Year Discount
2 Mar 2011
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Aldermore Mortgages - 1-Year Discount
2 Mar 2011
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Aldermore Mortgages - 1-Year Discount
2 Mar 2011
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AMI predicts flat mortgage market in 2011
3 Feb 2011
Trade body says buy-to-let finance to improve this year.
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Analysts say L&G to be biggest life office beneficiary of RDR
14 Feb 2011
Nomura says shift from insurance to asset management products will favour Legal & General most.
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Architas to launch three more passive funds of funds
8 Feb 2011
Architas, the multi-manager division of Axa, has said it will add three more passive funds of funds to its existing range.
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Ascentric launches platform test for advisers
18 Feb 2011
Ascentric has launched a “driving test” to assess advisers’ understanding of the platform.
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Aviva aims for 10% growth in intermediary business share
4 Feb 2011
Aviva plans to increase its share of intermediary business from 80 per cent of total UK business to up to 90 per cent by 2014.
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Aviva chief plays down ECJ ruling impact
3 Mar 2011
Andrew Moss says it’s “too early” to conclude male annuity rates will plummet from December 21, 2012.
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Aviva Investors - Defined Returns Fund 9
10 Feb 2011
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Aviva life and pensions sales up 16% in 2010
3 Mar 2011
Pre-tax profits up 35% to £2.44bn.
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AWD reports earnings surge for 2010
2 Mar 2011
AWD Chase de Vere has reported a 425 per cent increase in earnings, from £1.02m to £5.36m, for 2010.
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Axa Elevate extends wealth management service
2 Mar 2011
Axa Elevate adds Premier Asset Management and Richmond House Group to the platform.
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Axa IM launches UK mid cap fund
7 Feb 2011
AXA Investment Management has today announced its intention to launch a UK mid cap fund.
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Baillie Gifford to soft-close £1bn emerging markets growth fund
28 Feb 2011
Asset manager says it will soft-close fund in April, after it recently passed the £1 billion barrier in size.
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Balls warns King over supporting Govt deficit reduction plan
18 Feb 2011
Shadow Chancellor warns Bank of England governor to stay out of political and fiscal matters, say report.
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Bank chiefs believe FSA staff "too junior", says King
1 Mar 2011
Bank of England governor Mervyn King says new regime will look to address this problem.
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Banks agree to hike business lending 6% in 2011
9 Feb 2011
Government publishes details of Project Merlin.
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Barclays Capital/Barclays Wealth - IFSL Defined Returns Autocall Fund 1
8 Feb 2011
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Barclays set to acquire Egg credit card assets
1 Mar 2011
Egg has around 1.15m credit card accounts with £2.3bn outstanding credit.
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Barclays UK pre-tax profits up 39%
15 Feb 2011
The UK retail bank has seen pre-tax profits increase to £989m, up from £710m.
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Barclays Wealth - China Optimiser Plan February 2011
16 Feb 2011
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Barclays Wealth - Growthbuilder February 2011 Dual Isa Edition
7 Feb 2011
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Baronsmead 5 aims for diversity
18 Feb 2011
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Base rate held at 0.5%
10 Feb 2011
Quantitative easing held at £200bn.
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BBA sets out case to FSA for simplified advice model
8 Feb 2011
BBA chief executive Angela Knight has written to the FSA over concerns about access to advice after 2012.
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Blackrock brings Poland to iShares range
7 Feb 2011
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BlackRock's Lyttleton does not fear absolute revamp
25 Feb 2011
BlackRock UK equity manager Mark Lyttleton says he is not concerned by any plans the IMA may have for changing the absolute return sector.
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BNY Mellon and Insight launch pan-European absolute return fund
1 Feb 2011
BNY Mellon absolute return fund is the first fund in its range to be managed by Insight Investment Management.
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Bolton: Investors right to be concerned on China's medium-term future
1 Feb 2011
Investors are right to be concerned about China’s medium-term future, according to Anthony Bolton, the manager of the Fidelity China Special Situations trust.
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Bolton’s China Special Situations trust raises £166.25m
18 Feb 2011
China special situations investment trust has raised a maximum £166.25m through a C-share offer.
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Brain tumour forces Portillion chief exec Stephen Knight to step down
23 Feb 2011
Chief finance officer David Hill replaces Knight as chief executive.
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Building societies get mortgage indemnity cover
21 Feb 2011
Building societies say deal with Genworth Financial will help them to offer high LTV deals to first-time buyers.
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Cable says banks still face "fundamental surgery"
14 Feb 2011
Business secretary Vince Cable says retail and investment banking will be “radically” reformed.
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Canada Life Group Insurance - Canada Life Automated Self Service online portal update
28 Feb 2011
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Cater Allen Private Bank - Cater Allen Growth Plan 9
25 Feb 2011
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Cavanagh in takeover talks
2 Feb 2011
IFA firm Cavanagh has announced that it is in takeover talks that could lead to the firm being acquired.
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CHL Mortgages appoints new finance director
28 Feb 2011
Sunny Lo previously held the post six years ago before leaving the lender.
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Citri to become an AR of Openwork
15 Feb 2011
Specialist mortgage and protection firm Citri is to become an appointed representative of Openwork.
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Clear field for low start
11 Feb 2011
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Closed-ended funds outstrip open-ended, says study
11 Feb 2011
Investment trusts have outperformed open-ended funds in eight of nine key sectors over 10 years in NAV terms, according to research from Collins Stewart.
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CML director general Michael Coogan to stand down
28 Feb 2011
Coogan has been in role since December 1996.
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Cofunds powers moneysupermarket.com execution-only service
15 Feb 2011
Cofunds says it is not moving towards the direct to consumer market.
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Committed Capital - Committed Capital VCT
15 Feb 2011
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Compulsory advice could benefit some borrowers, says AMI
25 Feb 2011
CML and Imla believe borrowers should have a choice.
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Corporate finance adviser banned and fined £150,000
7 Feb 2011
FSA has banned David Massey from working in regulated financial services for market abuse.
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Coventry BS responsible for 17% of building society mortgage advances
1 Mar 2011
CBS reports pre-tax profit of £100.6m.
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CPMA will have power to ban products
17 Feb 2011
The CPMA will be renamed the Financial Conduct Authority.
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Creating new regulation is too easy, says Redwood
3 Feb 2011
Redwood says the way regulation is put on the statute book needs reforming to slow “ferocious” pace of regulation.
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Crown Mortgage Management hires new finance director
1 Mar 2011
Andrew Doyle has over 25 years experience in financial services.
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Cumberland Building Society - 4-Year 3.99% Fixed - Direct
11 Feb 2011
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Cumberland Building Society – 4-Year 3.99% Fixed Remortgage - Direct
3 Feb 2011
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Cumberland Building Society - 4-Year 4.14% Fixed - Direct
11 Feb 2011
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Cumberland Building Society – Mortgage Portfolio Update
10 Feb 2011
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Danish pension firm ATP to challenge Nest
2 Feb 2011
Danish pension provider consults with former Conservative pensions spokesman Nigel Waterson ahead of low-cost product launch.
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Dave Harris quits Living Time
10 Feb 2011
Harris says distribution deal signed with MetLife means logical step is to move on.
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David Child appointed as Baigrie Davies LifeSearch chairman
14 Feb 2011
Baigrie Davies LifeSearch has appointed David Child as non-executive chairman.
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Davis backs away from ABI investment role
9 Feb 2011
Davis says “a number of other commitments” have prevented him becoming director of investment affairs.
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Defaqto on Abbey For Intermediaries' Two-Year Fixed Rate
18 Feb 2011
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Defaqto on Ageas' Low Start
11 Feb 2011
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Do not back-track on cuts, IFS tells Osborne
2 Feb 2011
The Institute of Fiscal Studies says Govt should not react to last week’s poor GDP figures.
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Draft code for Guernsey Qrops launched
7 Feb 2011
Guernsey Association of Pension Providers has launched a draft code of practice on Qualified Registered Overseas Pension Schemes, which aims to clarify what is allowed under the scheme.
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ECJ rules insurers cannot price on gender
1 Mar 2011
Ruling comes into effect from December 21 2012.
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ECJ ruling a "seismic event" which will reshape retirement
1 Mar 2011
Lifesearch says ECJ made a “horrible mistake” in ruling insurers cannot use gender to price products.
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ECJ ruling may not see male annuity rates slashed
3 Mar 2011
David Trenner says providers have time to consider how to underwrite annuities more effectively.
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Equities overtake bonds after best sales in a decade, IMA stats
2 Feb 2011
Equities replaced bonds as the most popular asset class among investors in 2010, attracting net retailsales of £7.5bn in 2010.
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EU to enforce tough "single rulebook" on banks
15 Feb 2011
The head of Europe’s new banking authority will look to prevent regulatory competition between member countries and strictly enforce a “single rule book”.
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Ex-Capita MD Coxell leads buyout of Rowan Dartington
10 Feb 2011
A consortium of private investors led by ex-Capita financial services head Graham Coxell has acquired Rowan Dartington from Astaire Group.
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Ex-FSA head Sally Dewar to join JP Morgan Chase
8 Feb 2011
JP Morgan Chase has appointed former FSA head of risk Sally Dewar to work within its risk division.
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Ex-Goldman Sachs director charged with insider trading
2 Mar 2011
Rajat Gupta alleged to have leaked details learnt at Goldman board meetings.
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Experience key for JPM global mining
28 Feb 2011
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FCA and PRA will raise FSCS levies
17 Feb 2011
But only one organisation will be responsible for collecting the levies.
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FCA can ban products for one year while considering consumer detriment
17 Feb 2011
Treasury says this does not mark a shift towards product pre-approval.
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FCA will have power to publicise "intended" enforcement action
17 Feb 2011
FCA will be able to publicise warning notices against firms and individuals.
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Fidelity International - UK Opportunities Fund
16 Feb 2011
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Fidelity taps into China's consumers
21 Feb 2011
Fidelity will this week launch an open-ended fund for investors seeking exposure to the growing Chinese commodities market.
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First wave of ex-Clarkson Hill advisers gain investment permissions
23 Feb 2011
Former advisers who joined Merchant House and Money begin to be granted CF30 authorisation from the FSA.
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Foresight Clearwater to focus on UK buy out and growth
4 Feb 2011
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FSA and FSCS send IFAs open letter on Keydata levy
25 Feb 2011
FSCS levies may be reviewed where there is found to a ’mistake of fact or law’ in orginal tariff data.
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FSA announces RDR roadshows
3 Feb 2011
Places at the nationwide roadshows are limited to one person per firm.
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FSA attacks IFAs' FOS complaint "myths"
9 Feb 2011
Regulator says advisers are wrong to suggest that FOS stats show they provide a better service than the banks.
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FSA could intervene in DIFs market
28 Feb 2011
Regulator warns on conflict of interest issues and complex charges.
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FSA fines DB Mortgages £840,000
22 Feb 2011
DB Mortgages must pay £1.5m redress to customers for irresponsible lending practices and unfair treatment of customers in arrears.
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FSA fines lead to fall in costs for advisers
1 Feb 2011
Enforcement fines levied by the FSA during the last year mean that firms will pay 2 per cent less than last year.
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FSA fines two firms £143,500 for pension switching failings
16 Feb 2011
Perspective Financial Management and Cricket Hill Financial Planning failed to check the suitablility of the tranfers.
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FSA investigates wealth management firms
28 Feb 2011
Regulator says it found poor practices after analysing wealth management activities of banks’ wealth management arms and independent wealth managers.
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FSA misses the point on bank control
25 Feb 2011
Nic Cicutti says IFAs are head and shoulders above bank salespeople in terms of their overall quality of advice and asks why the FSA is adopting embarrassing schoolboy tricks.
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FSA reveals transitional management restructure
9 Feb 2011
Sants says routine supervisory activity will reduce as FSA focuses on transition towards ’twin peaks’ regulation.
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FSA sends out network business model warning
28 Feb 2011
Regulator says systems and controls weaknesses and low profitability mean networks are an emerging risk.
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'FSA staff who dealt with bank risk were too junior'
2 Mar 2011
Bank of England governor Mervyn King says that FSA staff who were responsible for challenging banks’ risk-taking strategies were too junior for the role.
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FSA to consult on simplified advice guidance
2 Mar 2011
Sants admits simplified advice services will be crucial post RDR.
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FSA will seek banks' permission to disclose pay to TSC
17 Feb 2011
FSA chief executive Hector Sants says the regulator does not hold pay information in “banded” form.
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FSCS becomes latest firm targeted by scammers
14 Feb 2011
FSCS warns consumers to be on guard from bogus callers or people preporting to be from the compensation scheme.
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FSCS funding review will look at sub-classes
23 Feb 2011
FSA chief executive Hector Sants says make-up of sub-classes will form part of FSCS funding review.
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Fund management chiefs call for Keydata inquiry
25 Feb 2011
Investment industry says inquiry is needed to ensure lessons are learned.
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Fund managers unhappy with AIM scrutiny
8 Feb 2011
Research suggests 40 per cent of fund managers are unhappy with scrutiny of natural resources on AIM.
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Furness Building Society - 3-Year 1.65% Discount - Purchase
15 Feb 2011
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Furness Building Society - 3-Year 1.65% Discount - Remortgage
15 Feb 2011
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GAM - GAM Star Convertible Bond Fund
10 Feb 2011
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GAM - GAM Star Technology Fund
10 Feb 2011
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GAM launch to tap technology trends
7 Feb 2011
GAM is launching a technology fund to take advantage of new trends and “deep distrust” of the sector.
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Gam tech fund looks past the bubble
23 Feb 2011
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Garnier to attend Panacea RDR Question Time Pt II
4 Feb 2011
Conservative MP and Treasury select committee member Mark Garnier will be among panelists on 7th March
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Gartmore sees £7.2bn of outflows in 2010
23 Feb 2011
Gartmore reveals £2.1m interim interim levy bill.
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Gemini Investment Management - Gemini MOSt India Fund
28 Feb 2011
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Gilliat Financial Solutions - Diverse Deposit April 2011
21 Feb 2011
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Gilliat Financial Solutions - UK Sector Leaders Kick Out - February 2011
11 Feb 2011
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Government considers fresh non-dom tax
7 Feb 2011
Treasury considers new levy on non-doms to fund lifting income tax threshold to £10,000.
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Government looks to improve small pot transfers
9 Feb 2011
Work follows call from the auto-enrolment review team to address the issue as a matter of urgency.
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Government to increase bank levy to £2.5bn
8 Feb 2011
The Government is to increase the bank levy for 2011 from 1.7bn to £2.5bn.
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Govt announces external FPC members
17 Feb 2011
Sir Richard Lambert has been named as one of the external members of the interim Financial Policy Committee.
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Govt to launch 'Big Society" Isas
14 Feb 2011
Big Society Isas will give tax-free returns for backing community projects.
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Gross mortgage lending down 13% in January
18 Feb 2011
Gross lending up 5% on January 2010, says CML.
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Halifax – 2 Year 4.39% Fixed Remortgage - Direct Existing Customer
9 Feb 2011
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Halifax – 2-Year 4.59% Fixed Remortgage – Direct
9 Feb 2011
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Halifax Intermediaries - Two-Year Fixed Rate
23 Feb 2011
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Halifax reduces rates on two-year fixes
10 Feb 2011
Lender also launches new two-year fixes.
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Hargreaves Lansdown hit with £3m FSCS levy bill
10 Feb 2011
Firm calls for a review of FSCS after recording record revenue and profits.
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Hawksmoor selective on investment trusts
Online - February 2011
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Hector Sants to defend RDR in front of MPs
1 Mar 2011
Sants will face the Treasury select committee next week.
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Henderson hit with £7.6m FSCS levy as profits jump 37 per cent
23 Feb 2011
Underlying profit before tax stood at £100.7m for 2010.
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HMRC warns businesses over tax registration
1 Feb 2011
HM Revenue & Customs has warned business owners they could be fined if they fail to register for a particular tax or pay tax on undeclared income.
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Hong Kong regulator Wheatley to head CPMA
2 Feb 2011
Martin Wheatley is to head the Consumer Protection and Markets Authority.
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House prices down 0.1% in January
1 Feb 2011
Nationwide says average price now £161,602.
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House prices up 0.2% in January
28 Feb 2011
Prices up 0.9% on annual basis, says Land Registry.
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House prices up 0.8% in January
4 Feb 2011
Average house price now £164,173.
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HSBC Exchange Traded Funds - HSBC MSCI Canada ETF
25 Feb 2011
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HSBC Exchange Traded Funds - HSBC MSCI South Africa ETF
17 Feb 2011
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Ian Thomas latest to leave Axa Wealth
25 Feb 2011
20 roles axed as part of restructure, although provider says 200 new jobs have been created.
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IBIS Capital - IBIS Media VCT
25 Feb 2011
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IFA Tutor offers new web meetings to support RDR exams
25 Feb 2011
10% discount on bookings
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IFAs report growth in annual income
16 Feb 2011
NMG Consulting found that 41 per cent of advisers have seen their income go up over the past year.
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Ignis makes cuts on UK equities team
8 Feb 2011
Ignis Asset Management has removed head of UK equities Neil Richardson as part of a restructure of its UK desk.
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Ignis prepares absolute return government bond fund
28 Feb 2011
Ignis Asset Management is preparing the launch of its Ignis absolute return government Bond fund, scheduled for the end of March.
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IMA may launch judicial review of FSCS levy
4 Feb 2011
Trade body is considering the move in response to £233m interim levy on fund managers.
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IMA may link absolute return sector with managed sectors
11 Feb 2011
The Investment Management Association says it may look to link the absolute return sector with the managed sector in a bid to categorise the risk level of funds.
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IMF says "dangerous" imbalances threaten global recovery
2 Feb 2011
Chief executive Strauss-Kahn warns recovery is “beset by tensions and strains”.
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Incapital Europe - Capital Accumulator Auto Call Plan Dual XIV
18 Feb 2011
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Incapital Europe - Protected Growth Plan - International Equity Series
18 Feb 2011
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Industry support for RDR has fallen
7 Feb 2011
Today’s Financial Services Practitioner Panel survey suggests support for the review has fallen by more than 10 per cent
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Inflation hits 4% in January
15 Feb 2011
CPI up from 3.7% in December.
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Insurers begin to pull guaranteed annuity quotes ahead of Euro ruling
11 Feb 2011
Canada Life will stop offering a guarantee period for annuity quotes from Feb 25 with others likely to follow.
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Insurers must be allowed to use gender as a risk factor
1 Feb 2011
PruProtect head of account development Phil Jeynes says eliminating gender differentiation for insurers could result in the “worst of both worlds” for the industry.
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Interest rates could rise next week, says Skandia
4 Feb 2011
The Bank of England could raise interest rates by as early as next week, warns Skandia Investment Group.
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Investec Structured Products – FTSE 100 5-Year Deposit Plan 24
17 Feb 2011
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Investec Structured Products - FTSE 100 Income Deposit Plan 17
17 Feb 2011
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Investec Structured Products - Gilt Backed Growth Plan 23
17 Feb 2011
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Investment advisers face £40m FSCS levy
2 Feb 2011
FSCS announces a total levy bill of £240m for 2011/12, with investment intermediaries accounting for about £40m.
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Investment banker jailed for insider dealing
2 Feb 2011
Christian Littlewood was sentenced to three years and four months in custody.
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IoM and Jersey repeal anti-avoidance measures
15 Feb 2011
Two Channel Islands move to quell EU concern over tax system.
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Ipswich Building Society - Two-Year 5.49 Fixed
25 Feb 2011
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James Hay Partnership - iSipp
25 Feb 2011
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James Hay to absorb £940,000 FSCS levy
3 Mar 2011
Decision follows letter warning costs of interim levy could be passed to investors.
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Jim Leaviss warns against rate hike
17 Feb 2011
M&G fixed interest head says he expects an interest rate hike in June which would be damaging to the economy.
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JO Hambro soft-closes UK equity income fund
15 Feb 2011
JO Hambro Capital Management has soft-closed its JOHCM UK equity income fund after it passed through the £750m barrier.
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John McFall to lead workplace saving inquiry
1 Feb 2011
Former TSC chairman Lord John McFall will spearhead a six-strong commission investigating why the UK saving system fails workers.
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Join a virtual classroom - now available for all R0 exam modules
7 Feb 2011
Benefit from a structured learning programme to take you up to your exam, with no travel time/cost. Study in small groups with an accredited RDR trainer. 15% discount via the Money Marketing Academy.
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JP Morgan Asset Management – Global Mining Fund
11 Feb 2011
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Jubilee Financial Products - Early Redemption Plan Issue 10
10 Feb 2011
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Just Retirement launches OMO tele-underwriting service
23 Feb 2011
Provider launches new phone underwriting service designed to improve the way people shop around for retirement income.
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Just Retirement reports 11% sales boost
14 Feb 2011
Strong equity release performance spurs sales growth in second half of 2010.
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Kensington launches new buy-to-let range
7 Feb 2011
Rates start from 5.24 per cent.
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L&G launches regular contribution corporate cash Isa
21 Feb 2011
WorkSave cash Isa will allow employees to make contributions directly from payroll.
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L&G Mortgage Club - Leek United 3-Year 3.75% Fixed
3 Feb 2011
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L&G Mortgage Club -Leek United 2-Year 3.25% Fixed
3 Feb 2011
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Largest lenders only providing 29% of top 500 mortgages
21 Feb 2011
“Biggest is not always best”, says Moneyfacts.co.uk.
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Leadbay founder sets up new lead generation website
8 Feb 2011
Simon Baker founded Leadbay in 2004 and left in 2008.
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Leeds BS launches mortgage savings product for FTBs
16 Feb 2011
Product encourages saving by offering double interest when money used for LBS mortgage.
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Leeds Building Society aims to boost mortgage lending
22 Feb 2011
The society plans to increase new mortgage lending by 25 per cent this year.
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Legal & General - UK Fixed Income Plan 1
18 Feb 2011
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Lib Dem Treasury spokesman steps down
10 Feb 2011
Lib Dem Treasury spokesman in the Lords, Lord Oakeshott stands down over unhappiness with Merlin deal.
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Lifemark given extra 3 months as policies begin to mature
16 Feb 2011
Administrators given extra three months to secure the long-term future of life settlement portfolios- IMA warns of no “magic solution”.
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Lifemark investors form £50K+ action group
1 Feb 2011
Victims of the Lifemark collapse with more than £50,000 invested ready themselves for “alternative action”.
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Lindsell Train may hedge Japan fund
28 Feb 2011
Lindsell Train Investment Management is considering adding a sterling-hedged share class to its Japanese equity fund and is winding up its second Japan fund.
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Liontrust faces £415,000 FSCS levy hit
2 Feb 2011
Firm sees £76m of net inflows in last three months of 2010.
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Living Time equalises male and female annuity rates
23 Feb 2011
Chief executive Kim Lerche-Thomsen says decision to equalise at the higher male rate end will be reviewed after ECJ ruling on March 1.
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Lloyds axes 900 brokers from its panel
2 Feb 2011
Lloyds Banking Group has struck 900 mortgage brokers off its panel over the last three years.
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Lloyds Banking Group returns to profit
25 Feb 2011
Bank reveals a £70m charge from its decision to stop writing new PPI business.
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Lloyds to conduct £500m mortgage past business review
21 Feb 2011
Lloyds Banking Group has agreed with the FSA to undertake a review of past mortgage contracts which could cost the lender up to £500m.
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Lloyds worst culprit again on complaints
28 Feb 2011
Lloyds TSB Bank had 12,234 complaints for the second half of last year, mainly related to GI and PPI products.
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London & Capital - US Managed Portfolios
28 Feb 2011
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London & Capital Asset Management - Managed Portfolios
7 Feb 2011
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London Stock Exchange agrees merger with Canada’s TMX
9 Feb 2011
The London Stock Exchange has agreed to merge with Canada’s TMX Group.
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Longbow Capital - Longbow Growth & Income VCT
15 Feb 2011
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Long-term care paraplanning service launches
15 Feb 2011
The Care Fees Advice Agency has launched a specialist long-term care paraplanning service for IFAs.
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Lowes open letter slams Peter Hargreaves' structured stance
22 Feb 2011
Lowes issues open letter calling on Hargreaves to stop blaming structured product for FSCS levy hike.
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LSL looks to further acquisitions as profits increase
2 Mar 2011
Group pre-tax profits of £25.8m in 2010, up from £17m in 2009.
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LV= will launch flexible drawdown product in April
4 Feb 2011
Scottish Widows, Friends Provident, Royal London, Prudential and Aegon will not make the April 6 deadline.
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Madoff targets “complicit” banks in prison interview
16 Feb 2011
Bernie Madoff has stated that as yet unidentified banks and hedge funds were “complicit” in his ponzi scheme in his first interview since he was arrested in 2008.
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Mark Hoban responds to FSCS concerns
3 Feb 2011
Treasury minister Mark Hoban tells MPs it is important the cost of failure is picked up somewhere.
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Market Harborough Building Society - 3-Year 4.3% Fixed Rate Mortgage - Direct
25 Feb 2011
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Martin Jennings steps down as head of Axa Elevate
24 Feb 2011
Axa Wealth has created a new intermediary distribution division, including Elevate, reporting to managing director David Thompson.
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Matrix cleans up
11 Feb 2011
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Melton Mowbray Building Society - 4.35% Fixed Until April 30, 2013
15 Feb 2011
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Merchant Capital - Kick Out Plan: FTSE Oil
4 Feb 2011
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Merchant Securities acquires GT Independent Financial Advisers
10 Feb 2011
Merchant Securities paid £2m for the wealth management firm.
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Mervyn King hints at May interest rate rise
16 Feb 2011
Bank of England governor Mervyn King says inflation will fall assuming the bank rate rises “with market expectations”.
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Meteor Asset Management - Emerging Markets Kick-Out Plan 4
14 Feb 2011
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Meteor Asset Management - Top Ten Kick-Out Plan 5
4 Feb 2011
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Meteor kicks out top 10 Uk shares
10 Feb 2011
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MetLife agrees 10-year contract with Capita
28 Feb 2011
Spokesman says contract extension demonstrates provider’s long-term commitment to the UK retirement market.
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Morgan Stanley IQ - Protected Growth Deposit Plan
14 Feb 2011
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Morgan Stanley IQ - Simple Growth Deposit Plan
14 Feb 2011
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Morgan Stanley IQ makes structured deposit debut
24 Feb 2011
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Mortgage rates hit six-month high
8 Feb 2011
Moneyfacts.co.uk says lenders passing increasing funding costs to borrowers.
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MPC's Weale says interest rates should rise
22 Feb 2011
Martin Weale says a gradual rise now would avoid damage from sharp rises in the future.
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MPs say CPMA should not be a consumer champion
3 Feb 2011
Treasury select committee says Govt should scrap plans to promote CPMA as a consumer champion.
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Multi-manager duo Mark Harris and Craig Heron leave Henderson
2 Feb 2011
Henderson Global Investors has made star multi-manager duo Mark Harris and Craig Heron redundant after proposing mergers for five multi-manager offerings.
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Myners: Govt policy forcing MPC to take inflation risks
2 Feb 2011
Myners says reduction in economic output is forcing the committee to allow inflation to rise.
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Names in the frame for MPC role
1 Feb 2011
Treasury looking to replace Andrew Sentance, with Chancellor concerned over lack of female candidates in past.
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Nationwide closes 13 branches
2 Feb 2011
Around 100 staff work in the branches.
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Nationwide in investment advice tie-up with L&G
1 Feb 2011
Mutual says 150 jobs will be created as it looks to become “leading high street provider of financial advice”.
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Nationwide increases fixed rates in reaction to rising swap rates
22 Feb 2011
Lender increased certain fixed rates by 0.3%.
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Natwest launches two 85 per cent LTV mortgages
9 Feb 2011
Natwest Intermediary Solutions has added two 85 per cent LTV fixed rate mortgages to its core range.
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Nest confirms annuity panel tender
11 Feb 2011
National scheme begins building shopping around process with focus on members with small pension pots.
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Nest reveals default option investment mandates
3 Feb 2011
Nest reveals the five mandates for its default fund offering.
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New financial regulations should not be rushed, warn MPs
3 Feb 2011
The Treasury select committee warns the development of the new regulatory architecture should not be rushed for fear of creating flawed regulation.
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Newcastle Building Society - 2-Year 5.09% Fixed -Direct
25 Feb 2011
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Newton prepares to terminate ailing Japan fund
21 Feb 2011
?Newton Investment Management will close its Japan fund, after deciding that it is no longer economically viable.
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Northern Rock to offer 90% LTV mortgages
28 Feb 2011
Lender has not offered above 85% LTV since Government bailout.
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Novia hires ex-Skandia UK sales director
22 Feb 2011
Platform appoints former Skandia UK sales director Dave Chessell as its regional sales manager for London and the south east.
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Obama moves to abolish Freddie Mac and Fannie Mae
11 Feb 2011
The administration of American president Barack Obama today moved to abolish Freddie Mac and Fannie Mae.
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OneSavings Bank chief exec Mike Lazenby steps down
23 Feb 2011
Lazenby with Kent Reliance for 11 years.
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Paragon Mortgages launches new product range
2 Feb 2011
Products first to be introduced since Paragon’s return to new lending.
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Patron message: RDR - as many opportunities as there are threats
25 Feb 2011
Danny Wynn (Legal & General ‘s RDR and Commercial Director) raises the question ‘is anyone sure about what impact the introduction of advice charging will have on unit trust pricing?’
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Pattullo: Interest rates to rise in May
9 Feb 2011
John Pattullo looks back at the fixed income markets in the last few weeks and discusses the positioning within his funds.
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Paul McMahon quits Friends Provident for Aegon
8 Feb 2011
Managing director of UK corporate replaced by Colin Williams with immediate effect.
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Phoenix Group hires Clive Bannister as chief exec
8 Feb 2011
Former HSBC managing director replaces Jonathan Moss as firm looks to capitalise on further consolidation in life sector.
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Pimco launches UK income bond fund
28 Feb 2011
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Pink Home Loans - Abbey/Santander 2-Year Fixed Feed Assisted Remortgage
28 Feb 2011
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PPI makes up half of all FOS complaints
11 Feb 2011
FOS raises concerns about the handling of PPI complaints.
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Premier Asset Management - Environmental Power and Water Fund
11 Feb 2011
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Premier taps into water and energy improvement
17 Feb 2011
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Principality Building Society - Five-Year Fixed Rate Mortgage - Intermediary
14 Feb 2011
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Principality Building Society - Five-Year Fixed Rate Mortgage - Intermediary
14 Feb 2011
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Protesters target Barclays over tax bill
21 Feb 2011
Campaigners descend on Barclays after the bank revealed it paid £113m in corporation tax on a profit of £11.6bn.
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Providers count the annuity cost to men of ECJ ruling
1 Mar 2011
Decision to ban gender pricing for annuity products will cost a man with a £100,000 pension pot £12,000 over their lifetime, according to A J Bell.
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Pru distribution director Andy Curran leaves
16 Feb 2011
Pru says Curran will not be replaced.
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Prudential holds with-profits annual bonus rates
25 Feb 2011
Insurer maintains guaranteed bonus rates for over 4 million investors as 2010 returns breach 10 per cent mark.
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RAM Capital Partners/Amati Global Investors - Amati VCT
18 Feb 2011
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RAM Capital Partners/Edge Investment Management
28 Feb 2011
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RAM Capital Partners/Isis Equity Partners
11 Feb 2011
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RBS creates volatility controlled fund to watch
24 Feb 2011
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RBS keeps volatility in check
9 Feb 2011
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RBS posts £1.1bn loss
24 Feb 2011
Losses for the bank for 2010 have improved from £3.6bn for 2009, and £24bn for 2008.
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RCM to launch global emerging markets multi-asset fund
7 Feb 2011
RCM is planning to launch a low volatilty global emerging markets multi-asset fund in the second quarter of 2011.
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RDR could have mixed impact on investment trusts, says Numis
11 Feb 2011
Numis Securities has warned the implementation of the RDR could have a more mixed impact on the investment trust sector than some commentators suggest.
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RDR exam structure "not fit for purpose", says threesixty
15 Feb 2011
Firm has called for review of exam structure.
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Recovering FSCS claims
23 Feb 2011
Mike Fenwick says advisers and asset managers should be pushing for FSCS costs to be recovered.
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Reeves slams Webb over dole comments
15 Feb 2011
Shadow pensions minister Rachel Reeves says telling women waiting for the state pension to claim the dole is an insult.
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Reflections on R05 (Financial Protection) plus new study help
25 Feb 2011
Ian Patterson of Patterson Audio gives his advice for those sitting the R05 (Financial Protection) exam:
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Repossessions fall by 24% in 2010
10 Feb 2011
There were 36,300 repossessions from first-charge lenders in 2010.
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Repossessions to fall in first half of 2011
16 Feb 2011
But HML says repossessions will rise in second half of 2011.
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Resolution may split between open book and closed book
23 Feb 2011
Chief executive John Tiner says Resolution could split front and back book businesses.
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Resolution says no need for further acquisitions
23 Feb 2011
Company says targeted returns can be met without further acquisitions.
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Revamped Baronsmead goes for diversity
14 Feb 2011
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Richard Pearson replaces Lund as Honister chief
28 Feb 2011
Mark Lund replaced by current chief operating officer Richard Pearson.
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Rob Clifford joins Direct Valuations board
23 Feb 2011
Clifford previously Virgin Money managing director.
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Rowanmoor to absorb FSCS levy
28 Feb 2011
Pension provider says “exceptional” interim payment will not be passed on to customers as Suffolk Life predicts further Sipp market consolidation as a result of FSCS levy.
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Royal Bank of Scotland - Volatility Controlled Balanced Managed Fund
1 Feb 2011
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Royal Bank of Scotland - Volatility Controlled Cautious Managed Fund
1 Feb 2011
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Royal London sees 26% rise in new business
24 Feb 2011
Scottish Life, Ascentric and Royal London Asset Management among the group’s strongest performers for 2010.
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RSM Tenon appoints ex-Santander multi-manager Speck
7 Feb 2011
RSM Tenon has appointed former Santander multi-manager Keith Speck to its investment team.
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Run-up to RDR hindering platform growth
1 Mar 2011
The Platforum says lead-up to RDR could be hindering the short-term growth of the platform market.
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Saffron Building Society - Lifetime Tracker Mortgage - Direct
23 Feb 2011
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Saffron Building Society - Two-Year Discount Mortgage - Direct
23 Feb 2011
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Savills launches exclusive auction finance bridging product
3 Mar 2011
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Schroders multi-manager head Andrew Yeadon departs in reshuffle
4 Feb 2011
Schroders head of multi-manager Andrew Yeadon has left the firm after the group announced plans to merge the multi-manager and multi-asset teams.
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Scottish Building Society - 3 Year 3.99% Fixed
3 Feb 2011
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Scottish Building Society - 3 Year 4.69% Fixed
3 Feb 2011
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Scottish Building Society - 3 Year 5.99% Fixed Purchase Only
3 Feb 2011
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Scottish Building Society – 3-Year SVR + 0.5% Buy-To-Let
3 Feb 2011
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Scottish Building Society - Flex 3-Year 2.3% Discount Mortgage
3 Feb 2011
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Scottish Widows - Capital Protected Fund 18
9 Feb 2011
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Sesame Bankhall launches panel management service for mortgage valuations
2 Mar 2011
Sesame Bankhall has launched a new panel management service for mortgage valuations.
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Sesame Bankhall recommends host of platforms
22 Feb 2011
Group will recomend platfoms provided by Aviva, Ascentric, Cofunds, Fidelity and Skandia alongside its Sesame One proposition.
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Sesame offers interest-free FSCS interim levy payment plan
11 Feb 2011
Sesame members will be able to spread the cost of the levy over two years.
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Shadow MPC would raise rates in February
7 Feb 2011
The Shadow Monetary Policy Committee has ruled by a majority of five to four in favour of raising the bank rate to 1 per cent later this week.
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Shepshed Building Society - Buy-To-Let Discount
3 Feb 2011
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Sherborne ousts F&C chairman
3 Feb 2011
Sherborne founder Edward Bramson’s proposal to replace F&C Asset Management’s chairman was met with success at a general meeting of shareholders today.
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Sinfonia adds five funds to Cofunds
9 Feb 2011
Tenet Group’s investment arm Sinfonia Asset Management has placed its five IFSL risk-rated funds on the Cofunds platform.
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Six arrested after Crown Currency Exchange collapse
22 Feb 2011
Police arrest six for money laundering and fraud and link inquiry to collapse of cash for gold firm.
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SJP calls for rethink over solicitor referrals
23 Feb 2011
Chief executive David Bellamy says SRA should realise that most of the industry sits in the restricted space.
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SJP hit with £4.8m FSCS levy
23 Feb 2011
Firm says 700 advisers have QCF level 4 with a further 700 close to achieving it and FSA has confirmed its charging and remuneration structure is RDR-compliant.
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Skandia isolated as platforms come together to oppose cash rebate ban
18 Feb 2011
Skandia only platform to respond in favour of the proposed cash rebate ban with the majority of other platforms submitting a joint response to the FSA calling for a rethink.
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Skipton 90% deal has 9/10 appeal
4 Feb 2011
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Skipton BS to offer 95% LTV mortgage through Connells
2 Mar 2011
Product is two-year fixed at 6.49 per cent.
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Skipton Building Society reports 94% profit increase
22 Feb 2011
2010 pre-tax profit £35m, up from £18m in 2009.
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Standard Bank Offshore - Quantum Plus 5
21 Feb 2011
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Standard Life cuts with-profits bonus rates of 500,000 customers
1 Feb 2011
Standard Life has reduced the bonus rates for half of its 1 million with-profits customers.
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Standard Life launches workplace employee benefits portal
1 Mar 2011
Lifelens set to roll out across six employers, including Standard Life itself.
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Standard Life links with GoldMoney for Sipp investments
14 Feb 2011
Deal will allow Sipp clients to invest directly in gold bullion using GoldMoney’s website.
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Standard Life unveils new logo
7 Feb 2011
Nish says new visual identity forms part of group wide transformation programme.
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Straightforward approach from Morgan Stanley IQ
28 Feb 2011
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Syme and Wimborne leave Barings for JOHCM
7 Feb 2011
James Syme and Paul Wimborne, emerging market fund managers at Barings, are leaving the firm for JOHambro Capital Management.
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Syndicate Asset Management appoints Mark Cheshire as chief executive
15 Feb 2011
Cheshire appointed interim CEO in December following resignation of Jonathan Freeman.
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Syndicate Asset Management set to rebrand as Ashcourt Rowan
25 Feb 2011
Syndicate to focus on wealth management sector and plans to sell Epic Asset Management.
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SYZ increases managed futures exposure
Online - February 2011
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Tenet chief hits back at FSA attack on networks
2 Mar 2011
Tenet director Keith Richards says the FSA’s comments that networks present a growing risk of consumer detriment will damage consumer confidence.
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Tenet posts £1.6m pre-tax loss
7 Feb 2011
Losses are 60 per cent down on the £1m loss posted for 2009.
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TenetLime reports £568k pre-tax loss
22 Feb 2011
Network says loss due to decreased profit margin and increased operating expenses.
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Thames River soft launches European absolute return fund
28 Feb 2011
Thames River Capital, which was recently acquired by F&C Asset Management, is to soft launch a Ucits III absolute return fund investing in European equities.
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The benefits of the Million Dollar Round Table
2 Mar 2011
Bhupinder Anand says UK advisers are busy coping with over-regulation while advisers around the world are learning new skills.
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Third MPC member joins call for rate rise
23 Feb 2011
Andrew Sentance, Martin Weale and Spencer Dale voted for a rise in interest rates of between 0.25 per cent and 0.5 per cent.
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Tory peer criticises local authority pension contribution hike
21 Feb 2011
Chair of the Local Government Association Baroness Eaton warns of mass opt-outs if 3 per cent contribution increase is implemented.
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Transact tops latest Platforum survey
25 Feb 2011
Transact has been rated highest in the latest survey of adviser wrap sentiment based on users of The Platforum website.
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Treasury confirms annual allowance charges can be met by pension benefits
3 Mar 2011
Government says people can use savings to pay charges over £2000 if they exceed £50,000 annual limit.
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Treasury reveals new powers and objectives of FCA
17 Feb 2011
The Financial Conduct Authority must secure “appropriate degree of protection” for consumers.
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TSC member "horrified" by the MMR
1 Feb 2011
Labour MP George Mudie says MMR seems personal and will rob lenders of discretion.
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Twin win from Gilliat
3 Feb 2011
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UK GDP revised down to 0.6 per cent
25 Feb 2011
The UK economy shrank by 0.6 per cent in the fourth quarter of last year, revised down from the previously estimated fall of 0.5 per cent.
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Unbiased.co.uk announces media IFA of the year winners
17 Feb 2011
Informed Choice wins “best IFA firm”.
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Unicorn aims for great things
4 Feb 2011
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Urgent FSCS reform must be made a priority
4 Feb 2011
The “polluters’ competitors pay model” for compensation based on current sub-classes has stretched advisers’ tolerance levels to breaking point.
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Walker Crips Structured Investments - Fixed Income Plan 4
4 Feb 2011
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What can we expect from Martin Wheatley?
7 Feb 2011
The first head of the CPMA oversaw 170 prosecutions for market manipulation in Hong Kong but suffered consumer protests following the failure of products linked to Lehmans.
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What do you want in the Budget?
4 Feb 2011
Government launches online portal for public to send in ideas on what should be included in the Budget.
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Which? launches super-complaint against "excessive" card charges
11 Feb 2011
Which? to campaign against companies charging excess fees for card payments.
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Which? reports two sale-and-rent back firms to FSA
22 Feb 2011
Which? calls for FSA clamp down on sale-and-rent back firms after uncovering poor advice in the sector.
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Wiltshire Friendly pays 97% of claims
21 Feb 2011
The society says it has not had any income protection cases referred to the FOS since 2005.
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Yorkshire BS reports £115m pre-tax profit in 2010
24 Feb 2011
Building Society also triples mortgage lending year-on-year.
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Zurich hires ex-Macquarie wrap head to develop platform
16 Feb 2011
Former Macquarie head of product and proposition for wraps Adrian Nash will lead the development of Zurich’s platform.
