Money Marketing
Online - January 2012
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Abbey For Intermediaries - Buy-To-Let Two-Year Fixed Rate
17 Jan 2012
Abbey For Intermediaries - Buy-To-Let Two-Year Fixed Rate
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Investec Structured Products - FTSE 100 3-Year Deposit Plan 31
24 Jan 2012
Investec Structured Products - FTSE 100 3-Year Deposit Plan 31
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Investec Structured Products - FTSE 100 Geared Returns Plan 31
23 Jan 2012
Investec Structured Products - FTSE 100 Geared Returns Plan 31
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Investec Structured Products - FTSE 100 Kick-Out Deposit Plan 26
23 Jan 2012
Investec Structured Products - FTSE 100 Kick-Out Deposit Plan 26
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UK unemployment rises to 2.68m
18 Jan 2012
UK unemployment rose by 118,000 in the three months to November 2011 to stand at 2.68m, according to the ONS.
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“Fake Lord” jailed for mortgage fraud
16 Jan 2012
Nine men have been jailed for a mortgage fraud that made extensive use of fake documents.
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11 months to go and still confusion over trail
26 Jan 2012
With the RDR clock ticking, the FSA must make its intentions clear as soon as possible.
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60% of absolute return funds lose money in 2011
3 Jan 2012
Only 25 out of 65 funds produced a positive return in 2011.
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Abbey For Intermediaries - Buy-To -Let Two-Year Tracker
17 Jan 2012
Abbey For Intermediaries - Buy-To -Let Two-Year Tracker
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Abbey to expand buy-to-let range
16 Jan 2012
Lender is also reducing rates on existing products by 0.2 per cent.
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Aberdeen names Asia Pacific strategy and asset allocation head
18 Jan 2012
Aberdeen Asset Management has appointed Singapore-based strategist Peter Elston as head of Asia Pacific strategy and asset allocation.
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ABI, unions and charities increase pressure over LTC funding
3 Jan 2012
Open letter signed by 47 bodies calls for political parties to find a consensus for funding of long term care.
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ABI: Protection products amongst hardest to understand
30 Jan 2012
PPI and critical illness rank lowest in terms of understanding.
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Accord launches into 90% LTV lending
10 Jan 2012
Products start at 4.89%.
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Accord Mortgages - Buy-To-Let update
20 Jan 2012
Accord Mortgages - Buy-To-Let update
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Accord Mortgages - Five-Year Fixed - 90% LTV
16 Jan 2012
Accord Mortgages - Five-Year Fixed - 90% LTV
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Accord Mortgages - Five-Year Fixed - 90% LTV
16 Jan 2012
Accord Mortgages - Five-Year Fixed - 90% LTV
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Adviser appeals £90k fine over £9.7m Ucis sales
12 Jan 2012
FSA is seeking to ban Pave Financial Management and fine one of its directors £90,000 over Ucis sales.
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Aegon appoints Axa's Coyle as platform sales head
27 Jan 2012
Aegon UK has appointed Axa Wealth business development director Martin Coyle as head of platform sales.
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Aegon to launch AE admin hub in Q4
23 Jan 2012
Aegon has outlined plans for an online auto-enrolment hub for administration and communication support and says it is in detailed discussions with Nest on integrating it into its proposition.
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Aegon unveils auto-enrolment proposition
23 Jan 2012
The provider is also in “detailed discussion” with Nest over how to integrate the Government-backed pension scheme into its workplace savings proposition.
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Ageas Protect makes two senior appointments
25 Jan 2012
Scott Reid becomes head of pricing and reinsurance and Richard Halley becomes partnership manager.
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Aifa appoints Chris Hannant as policy director
11 Jan 2012
Former BCC policy director will also be responsible for developing policy at the Association of Mortgage Intermediaries and the Association of Finance Brokers.
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Aifa calls for trail to continue until products are terminated
12 Jan 2012
Aifa has urged its members to support its stance that trail commission continue to be paid until a product matures or is terminated.
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Aifa faces tough task in appointing new leader
13 Jan 2012
Advisers question whether the trade body will be able find someone both willing and able to lead Aifa.
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Aifa needs a new 'excited' leader
13 Jan 2012
Leading Aifa should be a position people get excited about.
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Alan Miller: £18bn of "hidden" dealing costs each year
31 Jan 2012
SCM Private launches new code of conduct after research from the firm suggest over £18bn a year in hidden costs in dealing alone.
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Aldermore ups B2L LTV to 80%
9 Jan 2012
Lender also raising its maximum portfolio size to five properties worth £2m.
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Alliance does its homework for global launch
27 Jan 2012
Alliance Trust Asset Management - Global Thematic Opportunities Fund
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Alliance Trust appoints FSA's Forseke as new chairman
5 Jan 2012
Alliance Trust has announced that chairman Lesley Knox is to retire in April and will be replaced by another female chair, Karin Forseke.
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Alliance Trust offers first fund from global equities team
20 Jan 2012
Alliance Trust Asset Management has unveiled the first fund for its recently formed global equities team, which unites two former colleagues from UBS.
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Andrew Yeadon to join Old Mutual subsidiary
4 Jan 2012
Former Schroders head of multi-manager Andrew Yeadon is set to join Old Mutual subsidiary Nedgroup Investments.
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Arch Financial faces £150m legal action over cru funds
16 Jan 2012
The board of 18 Guernsey-listed investment vehicles is suing Arch Financial for £150m over the failing of the £400m Arch cru fund range.
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As it happened: Webb at work and pensions select committee
25 Jan 2012
Live developments as pensions minister Steve Webb faces the work and pensions select committee over auto-enrolment.
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Ascentric appoints sales and marketing director
9 Jan 2012
Mike Morrow joins Ascentric from HSBC where he was UK head of commercial wealth management.
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Ashcourt Rowan recruits former Skandia director Jim Roberts
10 Jan 2012
Ashcourt Rowan has appointed Skandia Investment Management founder Jim Roberts as a non-executive on its board.
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Asset managers to face strong competition from banks, warns Ernst & Young
10 Jan 2012
The retail asset management industry could suffer in 2012 as banks compete to attract savings business, professional services firm Ernst & Young predicts.
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Aviva Investors to cut 160 jobs in move away from retail market
30 Jan 2012
Aviva Investors plans to axe 160 jobs globally as the asset manager takes steps to reduce its presence in the retail funds market.
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Aviva sells three European businesses to MetLife
30 Jan 2012
Aviva has sold its Czech Republic, Hungary and Romania operations to MetLife.
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Aviva unveils new multi-asset funds for Onuekwusi
26 Jan 2012
Aviva Investors has bolstered its multi-asset range with addition of two funds targeting defensive and moderately cautious investors.
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AWD appoints private client advice manager
20 Jan 2012
Paul Fox joins AWD Chase de Vere as private client manager for the north.
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AXA PPP removes cancer cover limits
10 Jan 2012
Insurer also waiving monetary limits that may apply to cancer outpatient tests.
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Axa Wealth restructure puts 50 jobs at risk
23 Jan 2012
Provider is segmenting its adviser clients into four divisions and cutting the number of regional managers from nine to five.
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Barclays gives intermediaries access to underwriters
20 Jan 2012
Intermediaries given access to underwriters for residential mortgage applications.
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Barclays relaunching 75% LTV B2L through brokers tomorrow
25 Jan 2012
Barclays is relaunching its 75% LTV buy-to-let deals through brokers tomorrow and introducing a new ten-year fixed rate on its residential range.
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Barclays to grow wealth management business
26 Jan 2012
Barclays has earmarked its wealth management business for growth during 2012, according to chief executive Bob Diamond.
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Barclays Wealth - Regular Income Bond Base Rate Edition December 2011
20 Jan 2012
Barclays Wealth - Regular Income Bond Base Rate Edition December 2011
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Baring takes flexible approach to India
4 Jan 2012
Baring Asset Management - Baring India Fund
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Barings to launch global mining fund
16 Jan 2012
Barings is to launch a global mining fund in March.
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Baronsmead counts the costs
20 Jan 2012
Isis Equity Partners - Baronsmead VCTs Linked Offer
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Base rate held at 0.5% and no more QE
12 Jan 2012
MPC holds base rate at 0.5% for 34th consecutive month.
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Bestinvest calls for greater transparency following IMA research
27 Jan 2012
Advisers say fund charges are not clear and transparent.
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Blacksquare rings the changes for 2012
4 Jan 2012
The managers of funds that have made negative contributions to the recent performance of Blacksquare Capital’s fund of funds have reduced risk and will be monitored by Blacksquare in preparation of portfolio changes in 2012.
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Bluefin Wealth Management rebrands
4 Jan 2012
Bluefin Wealth Management will now come under the name of Bluefin Personal Consulting.
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Bright Grey pays out 91% of CI claims in H2 2011
30 Jan 2012
Average payout for critical illness claims was £82,000.
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British MEPs await vote on future at top of Econ committee
23 Jan 2012
MEPs will today decide whether to keep Sharon Bowles and Arlene McCarthy at the top of a powerful EU committee.
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British MEPs stay at top of Econ committee
23 Jan 2012
Lib Dem Sharon Bowles remains chair while Labour MEP Arlene McCarthy stays on as vice-chair.
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Brooks Macdonald announces Middlesex cricket sponsorship
10 Jan 2012
Three year deal will see the wealth management group’s branding appear on the players’ kit and at the county’s home grounds.
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Cable unveils plans to curb executive pay
24 Jan 2012
Business secretary wants an increase in shareholder power and more transparent pay reports.
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Call for reduction in disincentive to protect income
13 Jan 2012
The government should reduce the disincentive to protect your income created by means-testing of sickness benefits says Jack McGarry, chief executive of Unum UK.
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Call for single 'gateway' to FSA, FOS and Money Advice Service
5 Jan 2012
FSCS says there should be a single point of access for consumers across the different regulatory bodies.
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Calls for Hester to waive RBS bonus
27 Jan 2012
Lib Dem minister Jeremy Browne says RBS chief should turn down £963,000 bonus in shares.
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Cameron considers re-think over child benefit cut
13 Jan 2012
Prime Minister admits to concern over “cliff-edge issue”, signalling a possible rethink in Chancellor George Osborne’s Budget.
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Cameron: 'Goodwin could be stripped of his title'
19 Jan 2012
David Cameron says former RBS chief could be stripped of his title.
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Capita announces new software spend as it shuts Bishop's Stortford office
19 Jan 2012
Capita Financial Software is to spend £4m on software solutions in 2012 after moving its headquarters.
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Cautious managed highest seller in December for Cofunds
11 Jan 2012
The IMA cautious managed sector ended 2011 as the highest selling sector, according to the latest industry figures from fund supermarket Cofunds.
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Cazenove sets out its RDR revamp
11 Jan 2012
Cazenove is waiving the £1m entry level to its wholesale share class for advised business through a platform.
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Chancellor to direct BoE in a crisis
27 Jan 2012
Role of Chancellor in financial crisis strengthened in financial services bill.
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Changes planned for Guernsey Qrops
24 Jan 2012
Guernsey is preparing to overhaul its pension rules from April this year.
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Charlemagne Capital appoints joint CIO
12 Jan 2012
T. Rowe Price International’s Mark Bickford-Smith is to join Charlemagne Capital later this month as joint chief investment officer.
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Charles Stanley to launch D2C platform
27 Jan 2012
Charles Stanley is launching a direct to consumer platform and will partner with retail asset aggregation service AllMyPlans.
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Chris Davies: 9 tips for getting ready for RDR
24 Jan 2012
As the clock ticks down to RDR ‘D’ day we are now witnessing a flurry of activity within the industry.
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CII marks chartered centenary
25 Jan 2012
Professional body marking the 100 years since it was granted the Royal Charter with a centenary golf challenge.
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City Financial - Strategic Global Bond Fund
10 Jan 2012
City Financial - Strategic Global Bond Fund
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Claims firms submit three-quarters of FSCS PPI claims
28 Jan 2012
Claims firms accounted for over 16,300 PPI complaints over three years.
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Clegg wants earlier rise in income tax threshold
26 Jan 2012
Deputy prime minister will call for a “further and faster” rise in the income tax threshold to £10,000.
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Clegg: More individuals must have stakes in their firms
16 Jan 2012
Nick Clegg calls for employee right to request shares in their company - EIS extensions being considered.
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Clydesdale and Yorkshire waive product fees for limited period
4 Jan 2012
Arrangement fees waived for customers taking out mortgage before February 25.
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Coalition to tackle excessive boardroom pay
9 Jan 2012
The coalition is looking at allowing shareholders a right to veto share packages and deals.
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Cofunds' Roberts to run Marathon des Sables
31 Jan 2012
Cofunds investment proposition manager Edward Roberts is looking for sponsorship ahead of his attempt to run the Marathon des Sables.
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Consumer panel warning over PRA
25 Jan 2012
The Financial Services Consumer Panel says PRA must have duty to consider its recommendations.
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Coventry Intermediaries - 3.58% Flexx Fixed rate to 31.03.17
10 Jan 2012
Coventry Intermediaries - 3.58% Flexx Fixed rate to 31.03.17
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Coventry Intermediaries - 3.89% Flexx Fixed rate to 31.03.17
10 Jan 2012
Coventry Intermediaries - 3.89% Flexx Fixed rate to 31.03.17
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Coventry Intermediaries - Godiva Buy-To-Let Flexx Fixed - 75% LTV
9 Jan 2012
Coventry Intermediaries - Godiva Buy-To-Let Flexx Fixed - 75% LTV
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Coventry Intermediaries - Godiva Buy-To-Let Flexx Fixed - 75% LTV
5 Jan 2012
Coventry Intermediaries - Godiva Buy-To-Let Flexx Fixed - 75% LTV
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Coventry's caution leads to competitive rate
13 Jan 2012
Coventry Intermediaries - 3.89% Flexx Fixed rate to 31.03.17
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Credit union members to get FSCS pay out following default
6 Jan 2012
Handsworth Breakthrough members to get compensation over next week after credit union placed into default.
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Dalton overhauls management structure
25 Jan 2012
Dalton Strategic Partnership has announced a number of changes to its ownership and management structure, following the death last year of founder Andrew Dalton.
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Dampier: Why there is a buying opportunity for gold
11 Jan 2012
Mark Dampier says the attractions for gold remain undiminished in 2012.
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David Cameron ditches plans to scrap 50p tax
9 Jan 2012
Prime Minister David Cameron has abandoned plans to scrap the 50p rate of income tax until at least 2015, according to reports.
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Defaqto appoints chief technology officer
24 Jan 2012
Asitha Rodrigo joins research firm from Standard and Poor’s.
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Defaqto on Alliance Trust's global thematic opportunities fund
27 Jan 2012
View of Defaqto insight analyst for funds Fraser Donaldson
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Defaqto on the Baring India Fund
4 Jan 2012
View of Defaqto insight analyst for funds Fraser Donaldson
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Defaqto poaches Bluefin research head
16 Jan 2012
Bluefin head of research and development David Cartwright joins Defaqto as head of insight.
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Deloitte appoints Michael Coogan as strategic adviser
4 Jan 2012
Deloitte appoints former CML director general to role of startegic adviser to its financial services practice.
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Dentons launches new Sipp product
30 Jan 2012
Dentons Pension Management has launched a new open architecture Sipp product which allows advisers to view the assets held within a client’s plan online.
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Derbyshire-based IFA charged with 44 offences
6 Jan 2012
Malcolm Green of MG Financial and Insurance services charged with 44 seperate offences.
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Dilnot encouraged by LTC funding engagement
4 Jan 2012
Labour and Conservatives vow “constructive engagement” over Dilnot Commission’s recommendations.
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Dilnot warns on LTC cap following new Government advice
17 Jan 2012
Andrew Dilnot warns ministers not to go too far.
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Downing makes first foray into private equity EIS with Octopus hire
16 Jan 2012
Octopus Investments head of private equity Chris Allner is to leave the firm to move to Downing, where he will be responsible for a private equity EIS scheme.
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Dutch pensions' halo slips as benefits cut and overestimated
9 Jan 2012
The Dutch pension system that is often held up as an example to the UK is coming under attack as pensioners face benefit cuts and valuations are accused as inaccurate.
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DWP confirms new auto-enrolment staging dates
25 Jan 2012
Pensions minister Steve Webb has confirmed the revised staging dates for automatic enrolment following the Government’s decision to delay the reforms for small and medium sized businesses.
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DWP urged to raise auto-enrol earnings ceiling
27 Jan 2012
Hargreaves Lansdown head of pensions research Tom McPhail says the upper earnings limit for minimum auto-enrolment contributions should increase from £39,853 to £42,475.
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EEA slams "reckless" FSA over life settlements
18 Jan 2012
EEA Fund Management has hit out at the FSA after the regulator described traded life policies as “high risk, toxic products”.
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EIS offers taste of diversity
27 Jan 2012
The Wine Enterprise Investment Scheme is an EIS that aims for growth by trading fine wine from established producers.
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EU commissioner sets out regulatory agenda
23 Jan 2012
Michel Barnier says he hopes for a swift agreement on new rules for investor compensation schemes.
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EU gender directive does not apply to occupational pensions
17 Jan 2012
Standard Life head of pensions policy John Lawson says it is “crystal clear” that occupational defined-contribution schemes can continue to differentiate according to sex.
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Euro directive risks repossession rise
23 Jan 2012
Clause in capital requirements directive calls for EU loans to be treated as if in default at 90 days in arrears rather than UK’s 180 days.
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Euro pact rules could be forced on UK
9 Jan 2012
Eurozone crisis treaty draft says strict fiscal rules could become law for all EU members after five years.
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European funds record outflows of £100bn
26 Jan 2012
Morningstar European fund flow data shows outflows of over £100bn from long-term funds in 2011.
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European leaders push ahead with fiscal treaty
31 Jan 2012
The UK was one of two countries out of 27 that refused to sign an EU treaty that enforces stricter budgets.
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European markets fall amid concern over Greece debt talks
24 Jan 2012
European stock markets have fallen today as talks between Greece and its private bondholders stall.
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European markets fall over eurozone worries
30 Jan 2012
Markets across Europe have fallen today as worries continue to rage over the eurozone’s most debt ridden countries.
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European parliament sounds alarm over EU budget treaty
18 Jan 2012
The EP has backed a motion saying fiscal pact must increase democratic accountability measures, address growth and include financial transaction tax.
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Ex-IFA pleads guilty to 42 offences in £1m fraud case
31 Jan 2012
Malcolm Green of MG Financial and Insurance Services, made over £1m from fraud and deception offences.
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Ex-James Hay duo buy SSAS firm
11 Jan 2012
Former James Hay duo Richard Mattison and Jane Davies have bought Manchester-based pension provider Whitehall Group.
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Ex-Lloyds chief Daniels joins advisory firm
26 Jan 2012
Daniels joins firm which specialises in restructuring debt for companies in need of new financing.
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Ex-T Bailey chief Britton returns to industry
16 Jan 2012
Former T. Bailey chief investment officer Jason Britton has started his own investment management consultancy.
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Ex-Threadneedle European specialist Phil Cliff joins M&G
23 Jan 2012
Phil Cliff has joined M&G Investments and will manage the M&G European dividend fund.
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FCA and PRA will have single complaints system
27 Jan 2012
Govt accepts criticism dual compaints system will be less transparent and less effective.
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FCA chief: We must protect irrational consumers
25 Jan 2012
Martin Wheatley says consumers are not rational and that the new regulator will protect them by getting involved earlier in product design.
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FCA will have power to ban products for a year
27 Jan 2012
FCA power to ban or restrict products for up to a year without consultation kept in financial services bill.
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Fidelity calls for fund transparency amid Ryanair pricing concerns
30 Jan 2012
Fidelity Worldwide Investments has called on the asset management industry to create an industry standard in a bid to offer to greater transparency for fund charges.
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Fidelity launches global dividend fund
25 Jan 2012
Fidelity Worldwide Investment is to add to its equity income range with the launch of the Fidelity Global Dividend fund for manager Daniel Roberts at the end of the month.
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Fidelity's Shah: Double dip scenario unlikely
10 Jan 2012
Fidelity Worldwide Investment’s Sanjeev Shah says he remains convinced that markets will not enter into a double dip recession.
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Finance manager has £5m confiscated over Friends Prov fraud
20 Jan 2012
A fraudster has had almost £5m confiscated from him after exploiting Friends Provident between 2005 and 2009.
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First State Investments - Emerging Markets Bond Fund
30 Jan 2012
First State Investments - Emerging Markets Bond Fund
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Fitch assigns special servicer rating to Exact
12 Jan 2012
Fitch assigns special servicer rating of RSS3 to Exact.
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Fitch downgrades five eurozone countries
30 Jan 2012
Credit ratings agency Fitch has downgraded the sovereign ratings of five eurozone countries, including Italy, Spain and Belgium.
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Former Cofunds chief Williams joins private equity firm
30 Jan 2012
Former Skandia and Cofunds chief executive Brett Williams has joined private equity firm Lime Tree.
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Former RBS chief Goodwin stripped of knighthood
31 Jan 2012
Former Royal Bank of Scotland chief executive Sir Fred Goodwin has been stripped of his knighthood.
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Former Towergate adviser jailed for £150k fraud
12 Jan 2012
Former Towergate adviser who conned grandmother out of £150k life savings jailed for two years and four months.
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FOS to boost staff by a third as costs soar
6 Jan 2012
Ombudsman has had difficulty retaining staff as banks lure adjudicators with higher pay packages.
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FOS to increase 'free cases' limit to 25
6 Jan 2012
Under ombudsman proposals firms with less than 25 complaints referred to FOS in a year will not incur the £500 case fee.
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France and Austria set to lose AAA credit rating
13 Jan 2012
Germany, the Netherlands, Finland and Luxembourg to keep AAA rating.
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France downgrade disappointing, says Fidelity chief Rossi
16 Jan 2012
Fidelity chief investment officer for equities Dominic Rossi says the downgrade of France by S&P is part of a “general re-pricing of sovereign debt”.
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France to press ahead with financial transaction tax
30 Jan 2012
France is to go ahead with its own Tobin tax, French president Nicolas Sarkozy has revealed.
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Friends Life appoints two directors in protection business
31 Jan 2012
Frineds Life has appointed Mark Anders as sales and marketing director for individual protection and David Williams as director of group protection.
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Friends Life gives F&C 12 months' notice to pull £2.3bn
31 Jan 2012
F&C Asset Management says the move will have minimal impact on revenues for this year.
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Friends Life makes extra annuity payment after direct deal 'mistake'
16 Jan 2012
Friends pays difference between pension and what client would have received through OMO.
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Friends Life unveils auto-enrolment proposition
20 Jan 2012
Friends Life has revealed details of an online automatic enrolment “hub” designed to help employers meet their duties under the reforms.
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Friends Life's corporate platform goes live
31 Jan 2012
Friends Life has launched its corporate platform, offering cash and stocks and shares Isas and investment accounts in addition to pension.
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FSA appoints investment banking senior adviser
30 Jan 2012
Lazard & Co vice chairman will provide experience on regulatory, market and consumer matters.
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FSA bans and fines ex-JC Flowers chief exec £2.9m
31 Jan 2012
Former JC Flowers UK chief executive Ravi Shankar Sinha has been fined for a fraudulent invoicing scheme.
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FSA fines Direct Line and Churchill £2.2m
18 Jan 2012
Regulator has levied fine to prevent files requested by the FSA from being “improperly altered”.
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FSA fines former Greenlight Capital compliance officer £130k
27 Jan 2012
Alexander Ten-Holter banned from performing compliance and oversight functions.
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FSA guidance on legacy business “unclear and incomplete”, says IMA
17 Jan 2012
The IMA has labelled proposed guidance on the treatment of legacy business as “unclear and incomplete”.
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FSA must ignore lender pleas over non-advised ban
6 Jan 2012
The FSA must ignore the pleading of big lenders and stick to its guns.
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FSA names Lawrence Churchill as FSCS chairman
9 Jan 2012
The FSA has appointed Nest chairman Lawrence Churchill as the new chairman of the board of the Financial Services Compensation Scheme.
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FSA ordered firms to pay almost £100m more in compensation during 2011
3 Jan 2012
Firms regulated by the FSA paid out more than £160m in compensation to their clients last year,
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FSA presses charges over insider dealing
11 Jan 2012
Richard Anthony Joseph has been charged with eight counts of insider dealing and two counts of money laundering.
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FSA warns lenders over interest-only mortgage contracts
12 Jan 2012
FSA warns lenders over the wording they use in their contracts for interest-only mortgages.
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FSCS begins claims process for MF Global UK
4 Jan 2012
Private customers of MF Global will receive a claim form for compensation within the next few days.
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FSCS to look at pre-funding and risk-based levies
5 Jan 2012
Chief executive Mark Neale says review of funding model should address unpredictability and fairness of current system.
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FTSE 100 rises in early trades
10 Jan 2012
The FTSE 100 has risen by more than 1% in early trades in reaction to the better-than-expected start to the U.S. corporate earnings season.
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FTSE jumps in early trades
17 Jan 2012
The FTSE has risen by more than 1 per cent in early trades.
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FTSE kicks-off 2012 with 2% rise
3 Jan 2012
FTSE 100 jumps 2.2 per cent to stand at almost 5,700.
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FTSE live: Markets make late gains
16 Jan 2012
European markets turn positive in late trading.
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FundsNetwork adds Hawksmoor to DFMs range
4 Jan 2012
Fidelity FundsNetwork has added Hawksmoor Investment Management to its DFM service.
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Germany eyes FTT concessions to get UK support
20 Jan 2012
Germany is considering pushing for UK-style share stamp duty in an effort to get tax applied across the EU.
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Gilliat Financial Solutions - Deposit Kick Out February 2012
5 Jan 2012
Gilliat Financial Solutions - Deposit Kick Out February 2012
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Gilliat Financial Solutions – Dual Defensive Kick Out – February 2012
5 Jan 2012
Gilliat Financial Solutions – Dual Defensive Kick Out – January 2012
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Gilliat Financial Solutions - Income Builder Plus February 2012
5 Jan 2012
Gilliat Financial Solutions - Income Builder Plus February 2012
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Government loses appeal to overturn High Court solar ruling
25 Jan 2012
The Government has lost its appeal against a High Court ruling that its decision to lower solar feed-in tariff payments was illegal.
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Government outlines new regulatory objectives
27 Jan 2012
Treasury proposals reflect concerns over previous objective of ensuring “confidence”.
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Government to appeal High Court solar ruling
3 Jan 2012
The Government has decided to appeal against a High Court ruling which said its solar feed-in tariff payments were illegal.
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Govt backs calls for EU co-ordination committee
27 Jan 2012
Financial services bill requires committee co-ordinating communication between UK and EU regulators.
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Govt could scrap DB pension inflation link
16 Jan 2012
Pensions minister Steve Webb is considering removing the requirement for private sector defined-benefit pension schemes to be index-linked to inflation, according to the FT.
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Govt DB index plan targets future pensioners
17 Jan 2012
Pensions minister Steve Webb’s plan to scrap inflation linking for defined-benefit schemes will only affect future retirees.
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Govt has made 'no savings' from public sector retirement age hike
5 Jan 2012
Pensions consultant John Ralfe says Government concessions offset savings from increase in retirement age to 67.
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Govt rejects banker calls over FPC remit
27 Jan 2012
Government snubs BBA call for financial stability watchdog to ensure “stable and sustainable” supply of credit.
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Govt says FCA should consult on early warnings
27 Jan 2012
Financial Services Bill rejects FSA’s argument that it should not consult firms being investigated before publishing their details.
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Govt to encourage pensioners to downsize to ease housing supply
17 Jan 2012
Shapps calls on councils to help pensioners downsize to free up housing stock for families.
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Govt to make second appeal to overturn High Court solar ruling
26 Jan 2012
Huhne says the Government is to looking to appeal to the Supreme Court.
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Govt unveils £11m auto-enrolment comms campaign
20 Jan 2012
The campaign, which begins on Monday, will include radio, print, online and outdoor advertising as the pensions industry builds towards the launch of auto-enrolment in October.
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Govt: FCA must decide whether to publish board minutes
27 Jan 2012
The Government leaves decision to publish FCA minutes up to board.
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Gross lending in December up 12% year-on-year
23 Jan 2012
However, gross lending down 12% from £13.2bn advanced in November.
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Guernsey finance industry resists HMRC Qrops reforms
31 Jan 2012
Guernsey Finance has backed the island’s plans to resist HMRC rules.
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Half of FOS complaints come from claims firms
12 Jan 2012
Number of FOS cases from claims management companies has gone from 18 per cent in 2007 to 45 per cent last year.
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Henderson appoints fixed income head
19 Jan 2012
Henderson Global Investors has appointed Jim Irvine as head of its fixed income business.
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Hester bonus to be less than £1m, say reports
26 Jan 2012
RBS chief executive Stephen Hester is set receive an annual bonus of between £800,000 and £950,000, say reports.
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Hinckley & Rugby Building Society - Five-Year Fixed-Rate Mortgage
13 Jan 2012
Hinckley & Rugby Building Society - Five-Year Fixed-Rate Mortgage
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HML appoints Richard Hennah as sales director
16 Jan 2012
Hennah joins HML after nearly 12 years with KPMG.
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Hoban: French FTT does not mean eurozone tax is inevitable
1 Feb 2012
Treasury financial secretary Mark Hoban says France’s unilateral FTT does not make one across the eurozone inevitable.
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Hoban: Insurance regulation will not take back seat
10 Jan 2012
Treasury financial secretary moves to reassure insurers they will not take a back seat to banks in new regulatory set up.
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Honister reassures investors over liability costs
3 Jan 2012
Statement by Honister Capital says firm will be able to pay debts over next 12 months.
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House prices fell by 0.9% in December
6 Jan 2012
Average house price now stands at £160,063, according to Halifax.
-
HSBC pledges £15bn in mortgage lending for 2012
19 Jan 2012
£3bn of lending set aside specifically for first-time buyers.
-
HSBC to launch conveyancer panel with Countrywide
6 Jan 2012
Countrywide is named panel manager.
-
IFAs urged to beware of unnecessary trust tax charges
5 Jan 2012
Asset Protection Strategy says charges are potentially very punitive for customers.
-
IFS: Public sector pension reforms save 'little or no money'
31 Jan 2012
Government concessions following negotiations with trade unions mean reforms will save “little or no money” in the long-term.
-
IMA hits back over hidden fund charges claim
27 Jan 2012
The IMA has hit back over accusations of hidden fund cost charges.
-
IMA launches 0-35% mixed investment sector
25 Jan 2012
The IMA has launched the Mixed Investment 0-35 per cent Shares sector, after it was delayed earlier this year due to lack of demand.
-
IMA managed sector launch delayed due to lack of interest
4 Jan 2012
The launch of one of the Investment Management Association managed sectors has been delayed as there are too few funds to populate it.
-
IMA: Hidden costs - what hidden costs?
30 Jan 2012
Richard Saunders says 2012 is seeing a renewal of the misguided campaign to include trading costs in fund charges
-
IMF chief calls for larger eurozone bail-out fund
23 Jan 2012
Lagarde says extension is needed to prevent the likes of Spain and Italy going into default.
-
IMF cuts global growth forecast
20 Jan 2012
IMF cuts forecast for 2012 from 4% to 3.3%; UK economy to grow 0.6% in 2012.
-
IMF downgrades global growth forecast for 2012
24 Jan 2012
The IMF has warned that the global economy is “deeply in the danger zone” because of risks from the eurozone.
-
Incapital Europe - Protected Growth Plan – FTSE 100 Series 6
12 Jan 2012
Incapital Europe - Protected Growth Plan – FTSE 100 Series 6
-
Ingenious follows up Vindemia EIS
20 Jan 2012
Ingenious Media has introduced a follow up to last year’s Vindemia enterprise investment scheme, an EIS investing in specialist fine wine merchants.
-
Ingenious Media - Vindemia 2 EIS Fund
10 Jan 2012
Ingenious Media - Vindemia 2 EIS Fund
-
Ingenious Ventures - Media Opportunities Fund
10 Jan 2012
Ingenious Ventures - Media Opportunities Fund
-
Insch gives Goldilocks open-ended revamp
13 Jan 2012
Alternative investment manager Insch Capital Management has relaunched Goldilocks, its enhanced structured product portfolio for high-net-worth clients, as an open-ended product.
-
International pension plan market sees double-digit growth
17 Jan 2012
The international pension plan (IPP) market has grown by 15 per cent in the last year, contributing to a 50 per cent increase in plans in the last five years according to new figures from Towers Watson.
-
Invesco to launch financials fund for Causer and Read
19 Jan 2012
Invesco Perpetual is launching a global financial capital fund for managers Paul Causer and Paul Read.
-
Investec Structured Products - FTSE 100 Accelerated Growth Plan 31
24 Jan 2012
Investec Structured Products - FTSE 100 Accelerated Growth Plan 31
-
Investec Structured Products – FTSE 100 Bonus Income Plan 21
23 Jan 2012
Investec Structured Products – FTSE 100 Bonus Income Plan 21
-
Investec Structured Products - FTSE 100 Deposit Growth Plan 14
24 Jan 2012
Investec Structured Products - FTSE 100 Deposit Growth Plan 14
-
Investec Structured Products - FTSE 100 Enhanced Kick Out Plan 26
23 Jan 2012
Investec Structured Products - FTSE 100 Enhanced Kick Out Plan 26
-
Investors could ditch £3.4bn of with-profit bonds
16 Jan 2012
Savers will be able to withdraw £3.4bn in with-profit bonds this year without paying a penalty fee, according to Skandia.
-
Iress poaches Focus client architecture head
4 Jan 2012
Carol Blair joins software firm from Focus Solutions while Simon Thomas and Johann Koch also join.
-
Isis Equity Partners - Baronsmead VCTs Linked Offer
20 Jan 2012
Isis Equity Partners - Baronsmead VCTs Linked Offer
-
ITV hit with £62m 'financial support direction' from The Pensions Regulator
27 Jan 2012
The Pensions Regulator has ordered broadcasting giant ITV to provide support for the Box Clever pension scheme, which has a £62m deficit.
-
John Malone to stay on at PMS until end of 2013
19 Jan 2012
Malone’s contract was due to end in December.
-
John Simmonds leaves Bluefin
4 Jan 2012
Bluefin Wealth Management and Bluefin Corporate Consulting chairman John Simmonds has left the Axa-owned advisory business to pursue other interests.
-
JPMorgan: We considered quitting troubled eurozone
27 Jan 2012
JPM chief says the firm considered quitting Ireland, Italy, Portugal, Greece and Spain.
-
Jupiter fund manager Patrick Harrington leaves firm
31 Jan 2012
Jupiter undervalued assets fund manager Patrick Harrington has quit the firm with immediate effect.
-
Just Retirement cuts lifetime mortgage by 0.1%
16 Jan 2012
Rate cut from 6.5% to 6.4% for new applications.
-
Kames Capital expands fixed income team
11 Jan 2012
Kames Capital has today made three new appointments to its fixed income team.
-
Keeping it in the family
13 Jan 2012
Mazars looks at the role of family-run IFAs in the wake of the RDR.
-
King: Taxpayer-backed firms must offer fair bonus structure
25 Jan 2012
BoE governor calls for fair decisions on bonuses.
-
King: UK recovery will be arduous, long and uneven
25 Jan 2012
King said there was scope for more QE if needed.
-
KPMG defends its role as MF Global administrator
10 Jan 2012
MF Global administrator KPMG has defended its role in recovering assets for creditors and clients in the failed broker.
-
KPMG faces criticism over ‘slow’ MF Global wind-down
9 Jan 2012
KPMG set for backlash over slow progress in recovering MF Global cash and assets.
-
L&G completes £1bn longevity insurance deal
9 Jan 2012
Legal & General has agreed a £1bn longevity insurance deal with the Pilkington Superannuation Scheme.
-
L&G launches commodity ETF with Source
9 Jan 2012
LGIM has launched a commodity index tracking product with exchange-traded product provider Source.
-
L&G sets sights on small DB schemes for de-risking
16 Jan 2012
Legal & Generals DB de-risking business is targeting schemes with pensioner liabilities as low as £50m with longevity insurance.
-
Labour peer Lord Glasman turns on Miliband and Balls
5 Jan 2012
Labour’s Lord Glasman slams weak Labour leadership and says 2012 must be a year of surprises from Ed Miliband and Ed Balls.
-
Labour wants FSCS deposit guarantee to apply to brand
19 Jan 2012
Treasury financial secretary Chris Leslie says £85,000 limit should apply to each company not the groups which own them.
-
Labour's "shareholder activism" not the silver bullet, say lawyers
13 Jan 2012
Labour proposal for shareholder power over board appointments is not the answer to ineffective corporate governance, says CMS Cameron McKenna.
-
Lagarde: Euro will survive 2012
6 Jan 2012
IMF chief Christine Lagarde backs Greece and says the embattled currency will survive the next 12 months.
-
Leading Scottish surveyor firm ceases trading
18 Jan 2012
One of Scotland’s biggest firms of surveyors has ceased trading after directors took the decision to place the company into liquidation.
-
Leeds raises B2L LTV to 80%
10 Jan 2012
Two-year fix now available for 5.69% at 80% LTV.
-
Legal & General – Early Bonus Plan 4
4 Jan 2012
Legal & General – Early Bonus Plan 4
-
Legal & General - Growth Plan 4
4 Jan 2012
Legal & General - Growth Plan 4
-
Legal & General - Inflation Protected Deposit Bond 2
12 Jan 2012
Legal & General - Inflation Protected Deposit Bond 2
-
Legal & General - Six-Year Growth Deposit Bond 11
4 Jan 2012
Legal & General - Six-Year Growth Deposit Bond 11
-
Life settlements in spotlight again as US regulator probes brokerage
4 Jan 2012
The SEC has charged a life settlements brokerage and three senior executives for their involvement in a fraudulent disclosure and accounting scheme.
-
Liontrust prepares dual fund launch as assets jump 14%
1 Feb 2012
Firm to launch European absolute alpha and Asian income funds in Q1.
-
Living Time rebrands and launches new product with Investec
1 Feb 2012
Firm rebranded as Primetime Retirement and links with Investec to launch a new fixed-term annuity product.
-
Living Time to launch new retirement products
13 Jan 2012
Chief executive Kim Lerche-Thomsen says the firm is negotiating with several companies who could potentially underwrite the new products.
-
Lloyds announces 700 job cuts
18 Jan 2012
Lloyds Banking Group announces 700 job cuts in various parts of business as part of plan to reduce 15,000 roles.
-
Lloyds Banking Group announces management shake-up
1 Feb 2012
Lloyds Banking Group has announced changes to its board and management team.
-
LV= reduces lifetime mortgage rates by 0.1%
4 Jan 2012
Rates cut by 0.1%.
-
LV= relaxes protection underwriting
13 Jan 2012
Changes will result in more people getting immediate online decision.
-
M&G appoints deputy manager on EM and Asian funds
3 Jan 2012
M&G has appointed Colm D’Olier as deputy manager on two funds.
-
M&G Investments hires real estate head
31 Jan 2012
M&G Investments has appointed Alex Jeffrey as the chief executive of its real estate fund management business.
-
Macro quits Towers Watson to head up Mercer's UK DC team
19 Jan 2012
Paul Macro has left Towers Watson to take up the role of head of defined contribution in Mercer’s UK Retirement business.
-
Mansfield Building Society - 3-Year Discounted-Rate Buy-To-Let
30 Jan 2012
Mansfield Building Society - 3-Year Discounted-Rate Buy-To-Let
-
Martin Currie unleashes best ideas GEM fund
20 Jan 2012
Martin Currie’s global emerging markets Sicav invests in a portfolio of 40 to 60 equities of emerging market companies of all sizes that represent the investment team’s best ideas.
-
Martin Werth: Protection may never be this cheap again
17 Jan 2012
How ready are you for the increase in life and CI premiums?
-
Mervyn King rejects MPs' call for supervisory board
17 Jan 2012
King says instead of reforming Bank’s court, a new in-house oversight committee should be set up.
-
Meteor Asset Management - FTSE 100 Income Deposit Plan 5
4 Jan 2012
Meteor Asset Management - FTSE 100 Income Deposit Plan 5
-
Meteor Asset Management - FTSE 5 Quarterly Kick-Out Plan 5
4 Jan 2012
Meteor Asset Management - FTSE 5 Quarterly Kick-Out Plan 5
-
MetLife agrees fixed-term annuity distribution deal with TOMAS
20 Jan 2012
The six month exclusivity deal means the provider’s Freedom Income Plan will now be available to clients and advisers on the pensions shopping around platform.
-
MetLife poaches Friends group risk chief to lead employee benefits arm
18 Jan 2012
MetLife UK has recruited Friends Life head of group risk Stephanie Baillie as it prepares for an assault on the employee benefits market.
-
MGM Advantage appoints Philippa Dickson as non-exec director
18 Jan 2012
Dickson is currently global systems and operations director for Diageo’s global procurement function.
-
MGM Advantage recruits former Skandia director Jim Roberts
6 Jan 2012
Annuity specialist MGM Advantage has appointed Jim Roberts as a non-executive director.
-
Miliband accuses Cameron of lack of leadership over top pay
1 Feb 2012
Cameron refuses to action legislation to force banks to publish how many staff earn over £1m.
-
Miliband calls on PM to stop RBS chief getting bonus
23 Jan 2012
Labour leader Ed Miliband says Cameron should take action to prove he is serious about taking on crony capitalism
-
Ministers advised to increase proposed £35,000 LTC cap
16 Jan 2012
Ministers advised to cap individuals long term care funding liability at between £50,000 and £60,000.
-
MMR will not help a third of sub-prime borrowers
23 Jan 2012
Under MMR rules at least a third of sub-prime borrowers would still be mortgage prisoners, despite a clause designed to help those trapped in their properties or loans.
-
Money Advice Service chiefs share £100k bonus pot
23 Jan 2012
MAS chief Tony Hobman and four senior managers shared a £100,000 bonus pot.
-
Morgan Stanley IQ - FTSE Bonus Growth Plan 7
27 Jan 2012
Morgan Stanley IQ - FTSE Bonus Growth Plan 7
-
Morgan Stanley IQ - FTSE Booster Plan 3
27 Jan 2012
Morgan Stanley IQ - FTSE Booster Plan 3
-
Morgan Stanley IQ - FTSE Income Plan 5
27 Jan 2012
Morgan Stanley IQ - FTSE Income Plan 5
-
Morgan Stanley IQ - FTSE Protected Growth Plan 46
27 Jan 2012
Morgan Stanley IQ - FTSE Protected Growth Plan 46
-
Morningstar unveils investment trust ratings
11 Jan 2012
Anthony Bolton’s £510m china special situations trust has been rated as ‘neutral’ by Morningstar for its new investment trust service.
-
Mortgage approvals remain static in November
4 Jan 2012
There were 52,854 approvals for house purchases in November, up only slightly on October’s 52,786, the latest figures from the Bank of England show.
-
Mortgage indemnity scheme for new-builds up to £500k
1 Feb 2012
The Government says the NewBuy guarantee scheme will be available to movers as well as first-time buyers.
-
Mortgage market returns to growth in November
16 Jan 2012
In November, market experiences only the second year-on-year increase of 2011.
-
Mortgage Trust - Buy-To-Let 2-Year Fixed Rate
6 Jan 2012
Mortgage Trust - Buy-To-Let 2-Year Fixed Rate
-
Mortgage Trust - Buy-To-Let 2-Year Fixed Rate
6 Jan 2012
Mortgage Trust - Buy-To-Let 2-Year Fixed Rate
-
Mortgage Trust - Buy-To-Let 2-Year Tracker
6 Jan 2012
Mortgage Trust - Buy-To-Let 2-Year Tracker
-
Mortgage Trust - Buy-To-Let 2-Year Tracker
6 Jan 2012
Mortgage Trust - Buy-To-Let 2-Year Tracker
-
Mortgage Trust - Buy-To-Let 3-Year Fixed Rate
6 Jan 2012
Mortgage Trust - Buy-To-Let 3-Year Fixed Rate
-
Mortgage Trust - Buy-To-Let 3-Year Fixed Rate
6 Jan 2012
Mortgage Trust - Buy-To-Let 3-Year Fixed Rate
-
MP attacks King and his "debauched" monetary policy
26 Jan 2012
Conservative MP Douglas Carswell says Bank policy helped stoke credit bubble and is failing to deal with fallout from the crisis.
-
MP calls for personal statements setting out how taxes will be spent
25 Jan 2012
Conservative MP Ben Gummer will today propose tax statements setting out how much tax you pay and how it is spent.
-
MPC vote unanimous again in January
25 Jan 2012
The MPC voted unanimously to keep the base rate on hold and maintain the quantitative easing programme at £275bn earlier this month, minutes of the meeting have revealed.
-
MPs dismiss Bank's accountability plan
23 Jan 2012
The Treasury select committee says Bank proposals to increase accountability are not enough.
-
MPs want more accountability from FCA
13 Jan 2012
Treasury select committee report says current proposals do not provide adequate scope for scrutiny and must be improved.
-
MPs: We will keep pushing for Arch cru inquiry
16 Jan 2012
MPs disappointed by PM’s rejection of calls for investigation but will continue to push for inquiry.
-
N&P launches lowest ever 10-year fix at 3.99%
24 Jan 2012
Available up to 75% LTV with a fee of £295.
-
NAO investigates defined-contribution regulation
6 Jan 2012
The study will focus on whether regulation of DC schemes by TPR effectively addresses the key risks to scheme members.
-
NatWest to slash BDM team by half
13 Jan 2012
Field-based BDM team slashed from 40 to 19.
-
Negligence claims could drop after GMAC-RFC vs Countrywide verdict
9 Jan 2012
A ruling in a High Court case between GMAC-RFC and Countrywide Surveyors could result in fewer lenders making claims of negligence against surveyors.
-
Nest hands responsible investment contract to Co-op
27 Jan 2012
TCAM will help the Government-backed pension scheme formulate policy on environmental, social and governance issues as part of its investment strategy.
-
Net retail sales slump in November, says IMA
9 Jan 2012
The IMA has reported a year-on-year slump in net retail fund sales during November.
-
New draft HMRC guidance suggests advice process will be VAT-exempt
1 Feb 2012
A revised draft version of HMRC’s RDR guidance on VAT liability suggests the entire advice process will be exempt from VAT.
-
Newton reshuffles investment team
17 Jan 2012
Newton’s investment chief Jeff Munroe is to head up global equities.
-
Nichols takes over from Anand on F&C European fund
3 Jan 2012
Mark Nichols has taken over from Paras Anand on the F&C European growth and income fund.
-
Nucleus hires managing director
16 Jan 2012
Nucleus has bolstered its senior management team with the appointment of John McNeil as managing director.
-
OFT to investigate Mortgage Brain’s acquisition of MortgageStream
25 Jan 2012
The Office of Fair Trading is to look at the anticipated acquisition by Mortgage Brain of MortgageStream.
-
Old Mutual merges European wealth management with Skandia unit
24 Jan 2012
Old Mutual is to combine its continental Europe wealth management business and its Skandia Europe retail businesses.
-
OMAM head of strategic alliances exits
9 Jan 2012
Old Mutual Asset Managers has made head of strategic alliances Kevin Bull redundant, Money Marketing understands.
-
Optimism in investment management industry hits record lows
9 Jan 2012
PwC and CBI survey shows optimism in the investment management industry shrank to record lows in 2011.
-
Paradigm set to launch Amber corporate wrap
18 Jan 2012
Paradigm is to launch its corporate wrap next week as a standalone business which is likely to be branded Amber.
-
Paragon lent £38.6m in Q4 2011
26 Jan 2012
The Paragon Group of Companies, Paragon Mortgages’ parent company, lent £38.6m in buy-to-let loans during the final quarter of 2011, an interim management statement has revealed.
-
Paragon Mortgages - Buy-To-Let Mortgage Range update
9 Jan 2012
Paragon Mortgages - Buy-To-Let Mortgage Range update
-
Partnership recruits Mark Stopard as head of product development
19 Jan 2012
Stopard joins the enhanced annuity provider from Sun Life Financial of Canada, where he was head of marketing.
-
Pension regulator to keep 'close eye' on employer advice post-RDR
11 Jan 2012
The Pensions Regulator is examining whether the RDR makes IFAs less attractive to firms navigating auto-enrolment.
-
Pension saving at lowest for 10 years - DWP
3 Jan 2012
Fewer than four out of 10 people are saving in a pension, with retirement saving at its lowest level for a decade, according to figures from the Department for Work and Pensions.
-
Perspective acquires Gateshead-based IFA
30 Jan 2012
Perspective Financial Group announced has acquired Gateshead-based IFA practice, Vivienne Shepherd Limited.
-
Perspective raises £3.5m for acquisitions
23 Jan 2012
Perspective Financial Group raises £3.5m through long-term partners Lloyds Bank Wholesale Banking and Markets.
-
Pet insurance more popular than critical illness cover
1 Feb 2012
12% of respondents said they have pet insurance, compared to 9% who had CI and 4% who had IP.
-
Phil Jeynes: The importance of trusts
31 Jan 2012
Phil Jeynes says trusts can be used for much more than just the mitigation of inheritance tax.
-
Philippa Gee: No more new funds
23 Jan 2012
Philippa Gee calls on fund houses to make the most of their existing fund range.
-
Phoenix still in discussions with private equity suitor
16 Jan 2012
Phoenix Group has announced it is still in discussions with private equity firm CVC Capital Partners regarding a possible acquisition.
-
Pimco adds two new funds to global equities platform
11 Jan 2012
imco has launched two new actively managed sub-funds as part of its Global Investor Series fund range.
-
PM 'supports' financial education in schools
20 Jan 2012
MP who led inquiry into financial education in primary and secondary schools says PM is supportive of campaign.
-
Political pressure grows on pension charges
20 Jan 2012
Parliamentary motion calling for urgent action on charges signed by over 40 MPs
-
Premier looks to secondary structured product market
4 Jan 2012
Premier Asset Management is finding opportunities on the secondary market among structured products that are trading below their face value.
-
Prestwood MD Philip Congrave to retire
4 Jan 2012
Congrave joined firm in 1986 and will retire later this month.
-
Providers agree high-level adviser charging principles
5 Jan 2012
Aegon, Friends Life, Legal & General, Prudential and Scottish Life set out common approach on adviser charging.
-
Providers unite to set out consultancy charging framework
5 Jan 2012
Five providers have grouped together to agree common processes for the implementation of consultancy adviser charging in a bid to avoid chaos when the RDR is implemented next year.
-
PruHealth - Personal Healthcare, Business Healthcare & Corporate Healthcare private medical insurance
30 Jan 2012
PruHealth - Personal Healthcare, Business Healthcare & Corporate Healthcare private medical insurance
-
PSigma lowers fees on discretionary investment management service
10 Jan 2012
PSigma Investment Management is relaunching its discretionary investment management service with lower fees.
-
PwC fined £1.4m for failing to notice JPM breaches
6 Jan 2012
UK arm of PricewaterhouseCoopers fined £1.4m and severely reprimanded by Accountancy & Actuarial Discipline Board.
-
QE predicted to reach £500bn by the end of 2012
9 Jan 2012
Capital Economics says Bank of England could increase its QE programme by a further £75bn in February.
-
Quilter bought by private equity firm Bridgepoint
24 Jan 2012
Wealth manager Quilter is to be sold to private equity company Bridgepoint, according to owner Morgan Stanley Smith Barney.
-
RAM Capital Partners - The City Pub Company (East) & The City Pub Company (West)
9 Jan 2012
RAM Capital Partners - The City Pub Company (East) & The City Pub Company (West)
-
RAM Capital Partners/Goldfield Partners - Sunlight Technology
30 Jan 2012
RAM Capital Partners/Goldfield Partners - Sunlight Technology
-
RAM EIS offers one for the road
27 Jan 2012
RAM Capital Partners is marketing the City Pub Company, the new pub EIS from the founders of the Capital Pub Company.
-
Rathbones' Coombs slams "cosy club" of investment trust boards
9 Jan 2012
Rathbones head of multi-asset David Coombs has criticised the over-representation of asset managers on investment trust boards.
-
RBS and Lloyds stake sales to take longer, says UKFI
11 Jan 2012
UKFI has confirmed that the sale of the government’s stakes in Royal Bank of Scotland Group and Lloyds Banking will take longer than expected.
-
RBS boss Hester rejects £1m bonus
30 Jan 2012
RBS chief Stephen Hester to waive £1 million bonus.
-
RBS restructure plan puts 10,000 jobs under threat
5 Jan 2012
Royal Bank of Scotland is looking to sell of its investment banking arm as part of a restructuring plan that could see up to 10,000 jobs cut from the firm.
-
Renewed surge in FOS PPI complaints
17 Jan 2012
PPI complaints referred to the FOS have shot up by nearly 60 per cent over the last three months.
-
Rent-back borrowers lose appeal in suspected mortgage fraud
25 Jan 2012
Victims of a suspected mortgage fraud face repossession after losing their appeal against a High Court ruling.
-
Research reveals what consumers expect to pay for advice
18 Jan 2012
Consumer research shows many clients who use an adviser currently believe there is no cost for financial advice.
-
Rob Sinclair: FSA should be praised over MMR advice stance
11 Jan 2012
If most customers think they have had advice, then this is what should be provided.
-
RSM Tenon chairman and chief exec step down
23 Jan 2012
Bob Morton steps down as chairman and Andy Raynor as chief executive.
-
Russell Investments IFA sales chief to exit
18 Jan 2012
Russell Investments head of UK IFA sales Danny Callaghan is to leave the firm.
-
S&P downgrades eurozone rescue fund
17 Jan 2012
Standard & Poor’s downgrades EFSF from AAA to AA+.
-
S&P upgrades Crown’s servicer rating
17 Jan 2012
Crown Mortgage Management’s primary servicer ratings upgraded to “above average”.
-
Sanlam acquires two IFA client banks
23 Jan 2012
Sanlam Private Wealth acquires two new client banks, taking its funds under influence to over £550m.
-
Santander set to launch £3bn securitisation
20 Jan 2012
Barclays set to launch £750m covered bond.
-
Sants: 'I never wanted to be FSA chief'
31 Jan 2012
FSA chief executive Hector Sants tells MPs he “had no interest” in staying at the regulator for more than three years.
-
Schroders adds to multi-asset team
11 Jan 2012
Schroders has appointed Ian Maybury as head of solutions in the multi-asset and portfolio solutions group.
-
SEI appoints former Barclays Wealth Americas head
19 Jan 2012
Fiona Elbourne joins SEI Global Wealth as head of operations.
-
Sense appoints Stephen Young as commercial director
16 Jan 2012
Knutsford-based network appoints former Sesame chief operating officer Stephen Young as commercial director.
-
Sesame appoints senior research manager
19 Jan 2012
Rory Gravatt joins Sesame Bankhall Group from Distribution Technology.
-
Sesame hires head for new wealth management arm
4 Jan 2012
Sesame Bankhall Group has appointed Pan Andreas as head of its newly formed wealth management team.
-
Sesame poaches new technology chief from Avelo
11 Jan 2012
Avelo head of financial planning and wealth management James Stevenson appointed as head of adviser technology.
-
Shadow housing minister apology over £60k union payments
20 Jan 2012
Parliamentary watchdogs say Labour MP’s Jack Dromey failure was unintentional but serious.
-
Shell closes final-salary scheme to new members
6 Jan 2012
Oil giant becomes the final FTSE 100 company to abandon final-salary pension provision.
-
SimplyBiz hires Martin Reynolds as mortgages chief exec
12 Jan 2012
SimplyBiz hires Martin Reynolds as mortgages chief exec.
-
SimplyBiz to launch gap-fill programme
9 Jan 2012
CII-accredited gap-fill programme to launch in February through events across the UK.
-
SJP to launch multi-asset and global equity income funds
20 Jan 2012
Fund launches follow the launch of SJP’s global equity fund in September.
-
Skandia awards best ideas mandates to Artemis’ Steer
20 Jan 2012
Tim Steer replaces Kames Capital’s Audrey Ryan on global and UK best ideas funds.
-
Sole fix for Hinckley & Rugby
27 Jan 2012
Hinckley & Rugby Building Society new five-year fix is the only fixed rate in the lender’s current product range.
-
St. James’s Place says 80% of partners now RDR-ready
19 Jan 2012
Firm says 80 per cent of its members are now at diploma level status.
-
Staging dates tripled but no full contribution until 2018
25 Jan 2012
A revised timetable that triples the number of staging dates for employers has been published by the Government today.
-
Standard Life cuts with-profits bonuses for 750,000 savers
31 Jan 2012
A spokeswoman for Standard Life says cutting annual bonus rates will give the provider greater flexibility when making future investment decisions.
-
Standard Life Investments launches MyFolio income range
18 Jan 2012
Standard Life Investments has added to its MyFolio fund offering with two income ranges.
-
Standard Life strikes deal to take GARS fund to the US
10 Jan 2012
SLI has teamed up with John Hancock Mutual Funds to offers GARS fund to the US retail market.
-
Standard Life succeeds in £100m sterling fund claim
1 Feb 2012
Standard Life has succeeded in a claim against 11 PI insurers.
-
State Bank of India to launch residential mortgages in August
30 Jan 2012
Lender says it is exploring offering mortgages through intermediaries.
-
Stephen Gay quits Aifa for ABI
13 Jan 2012
Aifa director general Stephen Gay is leaving the trade body to join the Association of British Insurers.
-
Stephen Gay: Why I quit Aifa
13 Jan 2012
Gay says his departure to the ABI does not represent a switch “from one side to another” and says Aifa has made significant progress over the last year.
-
Steve Bee slams "out of date" Webb over small firm advice claims
26 Jan 2012
Steve Bee says small firms will need advisers to comply compliance with auto-enrolment not just choose products.
-
Succession adds four new firms
10 Jan 2012
IFA consolidator adds four new partner firms with total of just under £500m AUM.
-
Swip appoints chief economist
30 Jan 2012
Swip has appointed Dr Lucy O’Carroll to the role of chief economist.
-
Swip searches for Euro high yield
13 Jan 2012
Scottish Widows Investment Partnership has strengthened its fixed income fund range with the addition of a European high yield bond fund.
-
Tax breaks for employee protection 'a no-brainer' says MP
18 Jan 2012
Tax breaks that incentivise employers to look after the health of their staff and protect their income are ’a no-brainer’, Heather Wheeler MP told a round table briefing at the House of Commons on Tuesday.
-
Teachers' unions seek "urgent meetings" over pension reforms
6 Jan 2012
Teachers’ unions the NUT and the NASUWT are seeking urgent meetings with Government ministers over proposed pension reforms.
-
Tenet poaches Lloyds UK Wealth regulatory manager
13 Jan 2012
Tenet appoints Simon Thomas as head of regulatory policy and David Pearce as head of training.
-
Tenet posts £300k pre-tax loss
20 Jan 2012
Tenet Group reports £300,000 pre-tax losses for year ending September 30, 2011.
-
The Wine EIS/Anpero Capital -The Wine Enterprise Investment Scheme
16 Jan 2012
The Wine EIS/Anpero Capital -The Wine Enterprise Investment Scheme
-
Threadneedle launches European absolute return fund
18 Jan 2012
Threadneedle has launched a European absolute alpha fund.
-
Three jailed in £18.5m fraud on Swiss bank
27 Jan 2012
The three were sentenced to combined total of over 13 years in prison.
-
Towry flotation plans put on hold
9 Jan 2012
Towry chief executive Andrew Fisher has put the company’s planned stock market flotation on hold due to turbulent market conditions, The Mail on Sunday reports.
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Transact profits fall after FSA fine
4 Jan 2012
Pre-tax profits fall from £17.6m to £14.6m after £3.5m FSA fine for client money breaches.
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Treasury plans £10bn council pension raid
11 Jan 2012
Chancellor George Osborne is planning to raid local authority pension funds to help finance UK infrastructure projects, according to The Times.
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True Potential offers new share deal to advisers
6 Jan 2012
True Potential offers its advisers shares along with 50 per cent uplift on investments over £1.2m on its Wealth Platform.
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TSC wants FCA objective overhaul
13 Jan 2012
MPs say current objectives need change to avoid confusion and perverse outcomes.
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Turner: One page RBS report 'was a mistake'
31 Jan 2012
FSA chairman regrets not publishing a full report on its investigation into RBS at an earlier stage.
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Tyrie shuns Govt proposals for Bank accountability
27 Jan 2012
TSC chair Andrew Tyrie says internal reviews of policy decisions not good enough without radically reformed Court
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Tyrie slams speed of Govt regulatory reforms
27 Jan 2012
TSC chair Andrew Tyrie slams Govt for publishing financial services bill before major committee report into FCA.
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UBS fined $300,000 by US regulator
18 Jan 2012
UBS has been fined $300,000 by the SEC for “failing to properly price securities” in three mutual funds that caused a mis-statement of net asset value.
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UK dividend pay-outs hit record in 2011
23 Jan 2012
Dividend payments in the UK hit £67.8 billion during 2011 and are expected to rise 11% to £75 billion in 2012.
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UK economy shrinks in final quarter of 2011
25 Jan 2012
The UK economy shrank by 0.2 per cent during the fourth quarter of 2011, with negative growth blamed on “weakness” in the production sector.
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UK facing £17.5bn bill to boost IMF firepower
19 Jan 2012
IMF looking to double resources to stabilise global economy and asked members for bigger contribution.
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UK house prices up 1% in 2011
3 Jan 2012
Average price of a home is now £163,822.
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UK inflation falls to 4.2%
17 Jan 2012
The UK consumer prices index has fallen to 4.2% in December, according to the Office for National Statistics.
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Unite rejects local government pension reforms
9 Jan 2012
Trade union says a leaked letter from Communities Secretary Eric Pickles in December pre-empting reform negotiations caused a “crisis of confidence and trust”.
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Unite rejects NHS pensions deal
5 Jan 2012
Trade union Unite has unanimously rejected the Government’s latest proposals for reform of the NHS pension scheme.
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US set to tone down Fatca requirements
30 Jan 2012
US to rethink Fatca rules amid concerns over privacy laws.
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Virgin Money announces executive team
9 Jan 2012
Lender reveals executive team today.
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Virgin Money to sponsor Newcastle United
4 Jan 2012
Virgin to assume shirt sponsorship from Northern rock for remainder of season and following two seasons.
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Walker Crips Structured Investments - Dual Index Plan (Kick-Out) Issue 10
9 Jan 2012
Walker Crips Structured Investments - Dual Index Plan (Kick-Out) Issue 10
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Walker Crips Structured Investments - FTSE 100 Income Plan Issue Three
9 Jan 2012
Walker Crips Structured Investments - FTSE 100 Income Plan Issue Three
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Webb "reflecting" on future of Nest restrictions
23 Jan 2012
Pensions minister Steve Webb tells MPs unexpected provider competition invites “reflection” on role of restraints.
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Webb: Small firms will not need auto-enrolment advice
25 Jan 2012
Pensions minister Steve Webb says availability of simple products means small firms should not pay for advice unnecessarily.
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Wheatley: Bank advisers must do better
25 Jan 2012
FCA chief executive Martin Wheatley says there has been too much bad advice in the past.
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Which? research finds wide variations in advice fees
14 Jan 2012
Which? says research shows that advisers charge a “huge variation” of charges for services.
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Who's afraid of the big bad firms?
5 Jan 2012
As Europe still reels from the after shocks of the banking crisis, politicians of all colours are looking to redefine capitalism.
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Windsor Life rebrands as ReAssure
10 Jan 2012
Provider says the new name “reflects how different our business is now, how we have changed and our plans for the future”.
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Woolwich relaunching B2L 75% LTV direct deals
18 Jan 2012
Woolwich is relaunching its 75% LTV buy-to-let deals tomorrow, through its direct only channel.
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Woolwich’s B2L system crashes
4 Jan 2012
Lender advises intermediaries to hold off submitting cases for next couple of days.
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Yorkshire BS extends B2L across England and Wales
20 Jan 2012
Lender launched buy-to-let offering in August, in London and South East only.
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Zurich Bank International - Zurich Equity Linked Growth Account 8
12 Jan 2012
Zurich Bank International - Zurich Equity Linked Growth Account 8
