Money Marketing
Online - June 2010
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Allianz Global Investors - Allianz RCM Brazil Fund
16 Jun 2010
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First State Investments - Global Agribusiness Fund
8 Jun 2010
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ING Direct - 2 Year Fixed Rate Mortgage
28 Jun 2010
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Matrix teams up with Lazard
1 Jun 2010
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£50k annual pension cap too restrictive, says Skandia
15 Jun 2010
Govt should extend freeze on lifetime allowance for five years beyond 2016 or reduce it, says Skandia.
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1st-The Exchange acquires N4 Solutions
22 Jun 2010
Lloyds TSB Development Capital and Vertex has funded 1st-The Exchange’s acquisition of N4 Solutions
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A welcome 10-year fix from Accord
1 Jun 2010
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ABI warns savings gap poses greater economic threat than collapse of UK insurer
10 Jun 2010
ABI chairman Archie Kane calls for “consistent and committed” policies to increase savings.
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Academy dates & events
3 Jun 2010
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Accord launches ten-year fixed rate
1 Jun 2010
Lender also announces reduction to mortgage range.
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Accord Mortgages - 10-Year Fixed Rate
4 Jun 2010
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Accord Mortgages - 10-Year Fixed Rate Offset
4 Jun 2010
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Adviser hits out at Towry transfer delays
15 Jun 2010
Towry is taking over three months to transfer Edward Jones clients to external platforms.
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Advisers can take 35% of first year contributions says FSA
25 Jun 2010
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Aegon appoints chief financial officer
1 Jun 2010
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Aegon mulls exit from UK protection
22 Jun 2010
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Aegon rumours highlight lack of certainty in group pensions market
21 Jun 2010
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Aegon to cut UK costs by 25% and pull out of bulk annuities
22 Jun 2010
Insurer says it considered full disposal as it cuts back UK business to focus on at retirement and workplace savings.
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AES International expands further into Europe
25 Jun 2010
AES registers branches in Italy and Germany.
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Aifa challenges FSA's 30-month limit
4 Jun 2010
Aifa questions whether the FSA’s proposed limit is achievable.
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Aifa says IFAs will get a Budget "boost"
22 Jun 2010
Aifa says corporation tax cuts will provide a timely boost for IFA firms.
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Alliance Trust Asset Management - Monthly Income Bond Fund
16 Jun 2010
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Allianz Global Investors - RCM Dynamic Growth Fund
14 Jun 2010
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American consumer spending rises in May
29 Jun 2010
American consumer spending rose 0.2 per cent in May according to the Bureau of Economic Analysis.
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An alternative income source from Gilliat
1 Jun 2010
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Another FSA managing director to quit
29 Jun 2010
Jon Pain has decided to leave early next year following the recent regulatory restructure announcement.
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Aviva calls for re-reg ahead of RDR
8 Jun 2010
Aviva UK’s chief executive wants industry consensus on re-registration before 2012
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Aviva could target Prudential's UK arm
29 Jun 2010
Aviva is set to target Prudential’s UK arm if the insurer breaks itself up by demerging or selling its British, Asian and US businesses.
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Aviva Investors - Defined Returns Fund 5
21 Jun 2010
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Axa deal is sign of things to come, says Matthews
24 Jun 2010
Matthews: “This is the first step in this new wave of consolidation.”
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Axa Wealth to triple funds under management by 2015
30 Jun 2010
Axa outlines the strategy for its new Axa Wealth business.
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Bank of England to limit mortgage lending
16 Jun 2010
Bank’s new powers likely to include loan-to-value caps.
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Banking body warns central banks against low rates
29 Jun 2010
Bank for Internation Settlements says risk can spiral and equities can be over-valued in a low-rate world.
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Banking Commission calls for removal of commission for frontline bank staff
11 Jun 2010
Which? banking commission calls for enforcement action against senior management found to put frontline staff under excessive sales pressure.
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Banks successfully lobby regulators on capital requirements
25 Jun 2010
Basel committee now believes capital proposals should be reviewed.
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Barclays Wealth - Defined Returns Plan Annual Kick Out June 2010 Edition
11 Jun 2010
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Barclays Wealth - Growthbuilder June 2010 Edition
3 Jun 2010
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Bath Building Society - Parent Assisted Mortgage Scheme 3-Year Discount 0.4%
8 Jun 2010
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Bestinvest warns L&G pricing rethink will hike fund costs
9 Jun 2010
Founder John Spiers slams L&G for introducing a new pricing structure he says will add more than 5 per cent to some fund costs.
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Blue Sky Asset Management - Enhanced Growth Plan II FTSE 100 Series
1 Jun 2010
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Bluefin appoints international consultant
21 Jun 2010
Bluefin appoints Paul Andrews to its corporate consultancy team.
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Bluefin expands corporate consultancy team
15 Jun 2010
Bluefin appoints two new client directors.
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Board de-lists F&C fund of hedge funds
28 Jun 2010
The board of the F&C balanced alpha fund of hedge funds has delisted it from the Irish Stock Exchange.
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BoE deputy plays down inflation fears
4 Jun 2010
BoE deputy Charles Bean says inflation could fall this year.
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BoE holds base rate at 0.5%
10 Jun 2010
Bank of England also agreed to maintain the size of the asset purchase programme at £200bn.
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Boulger says CGT increase won't hit buy-to-let
22 Jun 2010
Ray Boulger says the impact will be minimal and amateur landlords can mitigate the tax increase.
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BP chief assures shareholders
3 Jun 2010
CEO Tony Hayward reassures shareholders in spite of the ongoing US leak.
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BP scraps dividend until 2011
17 Jun 2010
Oil giant cancels dividend after agreeing £13.5bn payout.
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BP shows the benefits of active management
28 Jun 2010
Aberdeen’s Aidan Kearney says the BP crisis has exposed the failings of many index tracker options.
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Brokers to be individually registered by March 2011
25 Jun 2010
Bank advisers will also be caught by the regime.
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Brooks Macdonald buys Braemar Group for £4m
8 Jun 2010
Wealth management firm Brooks Macdonald acquires property specialist for a cash offer of £4m.
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Buckles buys Heather Moor & Edgecomb
15 Jun 2010
Buckles buys IFA firm HME, which lost a landmark case in the Court of Appeal over “unfair” FOS case fees.
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Budget could see 1.3m UK job losses
30 Jun 2010
Spending cuts announced in the emergency Budget could lead to up to 1.3m job losses in the UK.
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BUDGET: Age 75 rule becomes age 77 from today
22 Jun 2010
The age 75 rule has been pushed back to age 77 as an interim measure while permanent rules are consulted on.
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BUDGET: Age 75 rule to be scrapped from next April
22 Jun 2010
The Government is pushing it up to age 77 from today as an interim measure pending a consultation on the details of the plan.
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BUDGET: Benefits to be linked to CPI
22 Jun 2010
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BUDGET: CGT rises to 28% from midnight for high earners
22 Jun 2010
CGT annual allowance of £10,100 remains unchanged this year.
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BUDGET: Chancellor may rewrite pension tax relief rules
22 Jun 2010
Osborne says he will work with the industry to find an alternative to the reduction of pension tax relief for high earners as long as the £3.5bn of revenue is still achieved.
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BUDGET: Corporation tax to fall to 24%
22 Jun 2010
Current rate of corporation tax will fall on an annual basis over the next four years.
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BUDGET: CPI inflation target to remain at 2%
22 Jun 2010
Chancellor George Osborne has announced that CPI inflation is expected to hit 2.7 per cent by the end of the year.
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BUDGET: Experts hit out at avoidance proposals
22 Jun 2010
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BUDGET: Govt to hit banks with £2bn annual tax
22 Jun 2010
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BUDGET: Harman hits out at "reckless Budget"
22 Jun 2010
Labour says the Budget will stifle growth, making it harder to cut the deficit.
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BUDGET: Income tax threshold increased by £1,000
22 Jun 2010
Income tax allowance will increase to £7,475 next April.
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BUDGET: Increases to insurance premium tax
22 Jun 2010
The standard rate of insurance premium tax is to go from 5 per cent to 6 per cent.
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BUDGET: Multi-managers and investment trusts to gain from budget
22 Jun 2010
Multi-manager funds and investment trusts look set to reap new benefits from the budget, according to industry specialists.
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BUDGET: State pension age increase accelerated
22 Jun 2010
The Government has also revealed that it will begin phasing out the default retirement age from April next year.
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BUDGET: State pension to be linked to earnings
22 Jun 2010
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BUDGET: Structural deficit in balance by 2015/16
22 Jun 2010
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BUDGET: UK borrowing to fall to 1.1% GDP by 2015/16
22 Jun 2010
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BUDGET: VAT to be increased to 20 per cent
22 Jun 2010
The rate of VAT is to hiked from 17.5 to 20 per cent from Janaury 4, 2011.
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Buffett defends ratings agency
3 Jun 2010
Billionaire investor Warren Buffett says greed overtook reason to cause sub-prime crash.
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Bupa - Income Protection Update
7 Jun 2010
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Calls for Lord Myners to take over as Pru chair
21 Jun 2010
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Cameron hints long-term savers may see CGT concessions
7 Jun 2010
Cameron says he does not want to “punish” savers.
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Cameron: UK will have to pay £70bn of debt interest
7 Jun 2010
PM David Cameron says the UK is expected to pay £70bn worth of interest on its national debt in five years.
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Capita to launch platform comparison service
16 Jun 2010
Service will launch with 16 fund supermarkets and wrap platforms.
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Cater Allen - Capital Guaranteed Defined Return Plan 11
7 Jun 2010
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Cater Allen gears up for growth
1 Jun 2010
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Cater Allen Private Bank - Capital Guaranteed Enhanced Growth Plan 1
14 Jun 2010
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Cater Allen Private Bank - Capital Guaranteed Growth Plan 6
30 Jun 2010
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Cavendish doubles up on UK
4 Jun 2010
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CBI boss Richard Lambert quits
29 Jun 2010
Director general to step down early next year.
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CGT hike brings stealth tax for trustees
23 Jun 2010
Budget move provides financial planning opportunity for advisers.
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CGT hike set to spark insurance bond comeback
21 Jun 2010
Defaqto says the coalition’s planned CGT hike is likely to spark a resurgence in the popularity of insurance bonds.
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Chinese renminbi appreciates against dollar
21 Jun 2010
The Chinese renminbi has appreciated more against the dollar in a single day since the government suspended its gradual exchange rate appreciation policy in 2008.
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Chris Cummings quits Aifa
16 Jun 2010
Aifa director general Chris Cummings quits to head up new financial services body, TheCityUK.
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Cicero Consulting to launch US office
17 Jun 2010
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Close hires IFA business development manager for North
29 Jun 2010
New intermediary business development manager hired focusing on Manchester, Leeds and Sheffield.
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Close Savings - Premium Gold 180 Day Notice Account
9 Jun 2010
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Clues to the Budget line on savings?
21 Jun 2010
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CML urges Government to help improve building society prospects
24 Jun 2010
Director general Michael Coogan: “more needs to be done to ensure the long term contribution of a thriving mutual sector”.
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CML warns over ISMI cuts
29 Jun 2010
Trade body says borrowers will suffer through drop in mortgage interest help.
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Commercial director leaves First Complete
28 Jun 2010
Commercial director says he is leaving to pursue other business interests.
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Commission on group pensions to remain following Aegon strategic review
22 Jun 2010
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Competent Adviser
2 Jun 2010
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Competent Adviser (Academy members area)
2 Jun 2010
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Confessions of rating agency staff
7 Jun 2010
Former Moody’s employees reveal a culture at the firm which created an inability to say no.
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Consultancy Verité
4 Jun 2010
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Consumer groups slam pension reform review panel
24 Jun 2010
Consumer groups hit out at the Government for failing to include a consumer voice in its expert auto-enrolment review team.
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Consumer Protection and Markets Authority to regulate all authorised firms
17 Jun 2010
Consumer Protection and Markets Authority will regulate conduct of every authorised financial firm providing services to consumers.
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Cornelian Asset Managers - CF Cornelian Defensive Fund
9 Jun 2010
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Cornelian Asset Managers - CF Cornelian Managed Growth Fund
9 Jun 2010
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Cornelian Asset Managers - CF Cornelian Progressive Fund
9 Jun 2010
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Coventry BS - 1st Class Postal Account 5
9 Jun 2010
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Cru founder Jon Maguire back with new launch
1 Jun 2010
Cru founder Jon Maguire is returning to the investment market with a new asset-backed offering through IFAs.
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Cumberland Building Society - 5 Year Fixed Rate Mortgages
7 Jun 2010
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Debt markets cut off Spanish institutions
15 Jun 2010
The international debt markets have now cut off most Spanish companies and institutions, senior officials confirmed yesterday.
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Debt spreads hit euro launch levels
7 Jun 2010
Fissures are widening in the eurozone despite the announcement of a £643 billion stabilisation package only a few weeks ago.
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Defaqto on Accord Mortgages 10-Year Fixed-Rate Offset
1 Jun 2010
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Defaqto on Aldermore Mortgages Prime Residential Two-Year Discount
1 Jun 2010
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Deutsche Bank and Winton partner for Ucits launch
18 Jun 2010
Deutsche Bank and Winton Capital Management are launching a Ucits III version of a key Winton hedge fund.
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Distinction reveals further launch initiatives
21 Jun 2010
Distinction Asset Management has revealed further launch possibilities and plans for an initial public offering after setting up in partnership with Armstrong Investment Managers.
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Dividend yields exceed those on bonds
8 Jun 2010
European equity dividend yields have climbed above bond yields again for just the third time in 30 years, potentially signaling another market inflection point.
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EMAG warns Equitable Life payouts may be slashed
15 Jun 2010
The Equitable Members Action Group fears the Treasury may cut compensation to just £1bn.
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Emergency Budget 2010 Report Analysis
29 Jun 2010
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Employees uninterested in pension websites according to new research
17 Jun 2010
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Employers in the dark on communication policies
17 Jun 2010
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ETF Securities to launch 22 currency ETCs on LSE
14 Jun 2010
Four emerging market and 18 sterling based currency ETCs will launch in coming weeks.
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EU finance watchdog will not force bank bailouts
9 Jun 2010
EU internal markets commissioner Michel Barnier says he will not force bank bailouts.
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EU proposes pan-European pension protection fund for both DB and DC
17 Jun 2010
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Euribor surges amid funding crisis fears
30 Jun 2010
European banks to pay back ECB’s £356bn support package.
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Exact appoints compliance director
8 Jun 2010
Horsfield, a qualified solicitor, spent 15 years at Derby Building Society.
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Ex-Fidelity man launches multi-manager research house
29 Jun 2010
Paul Ilott, the former head of communications for multi-manager at Fidelity International, has launched a multi-manager research house.
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Ex-trader given suspended jail sentence for insider dealing
22 Jun 2010
Former AKO Capital trader admits to conspiracy to commit insider dealing.
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F&C loses commercial property trust contract
9 Jun 2010
F&C has been served notice from the board of the F&C commercial property trust ahead of a proposed merger with Ignis Investment’s UK commercial property trust.
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Fidelity shakes up management team
25 Jun 2010
Hicks will become product director for UK equities from August.
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FirstStop Advice launches equity release advice service
25 Jun 2010
New services offers elderly people advice about their financial concerns.
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Fitch: UK Budget ‘strong intent’ to keep AAA status
22 Jun 2010
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Fitch: UK deficit challenge ‘formidable’
8 Jun 2010
Ratings agency says coalition must align austerity plans with those of eurozone nations.
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Fixed mortgage rates at 7-year low
21 Jun 2010
Moneyfacts.co.uk says rates have fallen as lenders want to tempt borrowers off SVRs.
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Fixing drawdown mess is an easy win for Webb
17 Jun 2010
Government could easily step in to prevent consumer detriment caused by restriction on income.
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Forced annuitisation finally comes to an end
22 Jun 2010
Cicero Consulting’s Iain Anderson says Budget statement is the culmination of years of lobbying.
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Fortis Life UK launches to whole of market
11 Jun 2010
Fortis Life UK products are now available to over 24,000 IFAs.
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FOS appoints new independent assessor
24 Jun 2010
Linda Costelloe Baker replaces Michael Barnes at the FOS.
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FSA “deliberately manufactured” Keydata administration, says Ford spokesman
28 Jun 2010
Keydata’s administration was the product of “deliberate and calculated” actions of the FSA says its founder.
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FSA authorisations taking 71 per cent longer
7 Jun 2010
The FSA is now taking 19.5 weeks on average to authorise firms, compared to 11.4 weeks last year.
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FSA bans broker for providing misleading information
4 Jun 2010
Select Mortgage Services sole trader Joseph Masi has been banned after breaching a settlement agreement with the FSA and providing misleading information.
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FSA bans insurance brokers for embezzling client funds
9 Jun 2010
Two separate firms found guilty of using client money to fund expenses.
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FSA bans three more mortgage brokers
16 Jun 2010
Total number of mortgage brokers banned by FSA rises to 91.
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FSA charges former stockbroker for fraud
8 Jun 2010
The FSA has charged former stockbroker David Mason with five offences.
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FSA chief warns on insider dealing
23 Jun 2010
Sants warns that the shake-up of financial regulation must not undermine the UK’s tougher approach on insider dealing and mistreating of customers.
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FSA confirms GPP commission ban in final rules
25 Jun 2010
Commission on all new GPPs will be banned from 2013 and consultancy charging will go ahead, the FSA’s final rules on corporate pensions reveal.
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FSA cracks down on arrears and sale and rentback
25 Jun 2010
The FSA has set out new rules to protect borrowers in arrears and customers of sale and rentback firms.
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FSA data: repossessions drop to lowest level in two years
22 Jun 2010
FSA says arrears cases also fell in last quarter.
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FSA fines alcoholic former oil broker £72,000
29 Jun 2010
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FSA fines Close Investments £98,000
7 Jun 2010
Close Investments fined for failing to protect and segregate client money.
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FSA fines commodities broker for market abuse
2 Jun 2010
Futures artificially increased coffee prices.
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FSA fines firm £500,000 for not disclosing inside information
21 Jun 2010
The FSA today fined Photo-Me International £500,000.
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FSA fines JP Morgan £33.32m
3 Jun 2010
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FSA fines stockbroker £511,000
7 Jun 2010
Rowan Dartington & Co is fined £511,000 for failing to segregate client money.
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FSA fines Vantage £700,000
21 Jun 2010
The FSA has fined Vantage Capital Markets for allowing Daniel Hassell to perform a significant influence function without FSA approval.
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FSA hires ex-Pru director Tom Boardman
14 Jun 2010
Boardman joins the regulator as life insurance senior advisor.
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FSA launches investigation into conduct of Gartmore's Rambourg
1 Jun 2010
Regulator to launch an investigation into the conduct of Guillaume Rambourg, the suspended manager of the Gartmore European Absolute Return fund.
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FSA managing director of risk quits
11 Jun 2010
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FSA orders Chesham to change 'unfair' mortgage terms
1 Jun 2010
Chesham to offer no new mortgages following Skipton merger, changes apply to existing customers.
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FSA pays out £22m in staff bonuses
10 Jun 2010
Sants gives his £108K bonus to charity as FSA staff bonuses increase by 11.6 per cent.
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FSA PS10/10 - Factoring ban remains but commission on existing schemes allowed
25 Jun 2010
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FSA refers two with-profits providers to enforcement
29 Jun 2010
Two with-profits providers have been referred to the FSA’s enforcement division after the FSA found they were failing to protect policyholders’ interests.
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FSA slams £500,000 GPP commission case
25 Jun 2010
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FSA staff will not join BoE pension scheme
24 Jun 2010
FSA chairman Adair Turner says staff at the new prudential authority will not receive the BoE pension scheme.
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FSA to be scrapped in 2012- Sants to stay
17 Jun 2010
New prudential authority will be part of the Bank of England with Sants to become deputy Governor.
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FSA to become Bank of England subsidiary
14 Jun 2010
Chancellor George Osborne set to announce creation of Consumer Protection Agency to regulate IFAs.
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FSA to impose 30-month qualification deadline for new advisers
4 Jun 2010
FSA to introduce a 30-month deadline for qualifications, plus plans to increase ethical standards.
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FSA warns Facebook and Twitter pages must be compliant
22 Jun 2010
The FSA warns firms they must comply with financial promotion rules when using new media.
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FSA warns of hidden credit risk in lenders' books
29 Jun 2010
Report by the FSA and Financial Reporting Council says lenders’ forbearance strategies are potentially obscuring credit risk on mortgage books.
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FSA: bank advisers will not be exempt from new AP regime
18 Jun 2010
FSA’s Lesley Titcomb says tied bank advisers will not be exempt from the new approved persons regime set to be introduced across the mortgage market.
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Fund managers say more QE on the way
15 Jun 2010
Fidelity and Artemis fund managers agree that more money needs to be printed to avoid deflation.
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G20: No agreement reached on global bank levy
28 Jun 2010
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Gartmore appoints head of marketing
30 Jun 2010
Gartmore has appointed Charlotte Gibson as head of marketing.
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George Osborne should react to Standard’s stats
9 Jun 2010
Editor’s view: Standard Life’s calculations on the true cost of higher-rate pension tax relief changes should push Govt to rethink plans.
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Gerry O’Brien leaves First Complete
30 Jun 2010
First Complete chief executive Gerry O’Brien has left the firm with immediate effect.
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Gilliat Financial Solutions - Income Builder May 2010
25 Jun 2010
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Gilliat Financial Solutions - 3-Year UK Digital June 2010
14 Jun 2010
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Gilliat Financial Solutions - Dual Kick Out – June 2010
30 Jun 2010
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Gilliat Financial Solutions - UK Growth Multiplier May 2010
3 Jun 2010
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Gilliat Financial Solutions - Annual Kick Out – June 2010
30 Jun 2010
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GLG’s White dismisses double-dip recession concerns
28 Jun 2010
GLG head of UK equities John White has dismissed fears of a double-dip recession.
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Google launches free website training for IFAs
21 Jun 2010
Research from Google shows many IFAs are lacking a strong internet presence despite a rise in online enquiries.
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Govt backs EU treaty changes
22 Jun 2010
PM David Cameron supports moves to give Brussels more control over Eurozone economies.
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Govt hints it may water down CGT rise
1 Jun 2010
Work and Pensions Secretary Iain Duncan Smith says Government does not want to hit savers.
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Govt may still scrap the FSA
3 Jun 2010
The FSA may go in the Treasury’s shakeup of City regulation.
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Govt refuses to rule out auto-enrolment delay
24 Jun 2010
Adrian Boulding involved in three month review which will examine whether any changes should be made to the scheme.
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Halifax - Direct mortgage range update
9 Jun 2010
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High Court grants Fatchett judicial review of FSCS
30 Jun 2010
Judge rules grounds raise arguable points on whether Keydata levy “erred in law or was otherwise flawed on public grounds”.
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High Court orders three individuals to repay FSA £115m
29 Jun 2010
John Anderson, Kenneth Peacock and Kautilya Nandan Pruthi must repay deposits they took from UK consumers without FSA authorisation.
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HMRC changes drawdown stance following further legal advice
11 Jun 2010
Entire fund will not be hit with 55 per cent charge but income through new drawdown provider will.
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Hodge Lifetime winds down equity release lending
17 Jun 2010
Hodge Lifetime is reducing new equity release lending to focus on growing its presence in the annuity market.
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House prices dip in May
28 Jun 2010
First time since March 2009 that annual figure not increased on month before, says Land Registry.
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House prices now 10% below 2007 peak
3 Jun 2010
Prices up 0.5 per cent month-on-month in May.
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House prices rise for sixth straight month
1 Jun 2010
Prices creep up by 0.2 per cent from March to April.
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House prices up 3% in first half of 2010
30 Jun 2010
Prices up 0.1 per cent between May and June.
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HSBC Global Asset Management - UK Gilt Index Fund
16 Jun 2010
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Hutton: Nothing ruled out of public sector pension review
28 Jun 2010
Hutton says public sector cannot remain immune from demographic change.
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Hybrid approach from Cornelian
22 Jun 2010
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IFDS buys outsourcing provider
29 Jun 2010
International Financial Data Services has purchased global life and pensions outsourcing provider Percana Group.
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IMA appoints new sectors chief
22 Jun 2010
The IMA has appointed a new chairman of its sectors committee as its major fund sector review continues.
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IMA welcomes OFT underwriting probe
11 Jun 2010
Douglas Ferrans says OFT probe will complement existing IIC inquiry into fees paid on rights issues.
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Imla urges Chancellor to tackle mortgage funding drought
21 Jun 2010
Imla also urges Chancellor to consider the impact of CGT changes on the private rented sector.
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Industry backs QCF level 3 for pure protection sales
28 Jun 2010
The FSA says it will continue to review the need for professional requirements for those selling pure protection.
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Industry likely to fund CPMA, says Turner
24 Jun 2010
FSA chairman Adair Turner says the Treasury is likely to levy the financial industry for the Consumer Protection and Markets Authority.
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Informed Choice slams 51% FSA fee hike
17 Jun 2010
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Intellego
4 Jun 2010
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Intrinsic picks IFDL to power their wrap
25 Jun 2010
Intrinsic will pilot their wrap this year with plans for a full rollout at the start of 2011.
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Investors hit by BP dividend fallout
22 Jun 2010
Equity income investors will lose £5.4 billion from BP suspending its dividend payments this year, according to estimates from Capita Registrars.
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Is a double-dip coming?
18 Jun 2010
Will austerity measures push the UK back into a recession?
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Is the FSA confused about the role of platforms?
25 Jun 2010
Cofunds chief exec Brett Williams says the rebate ban would have unintended consequences and undermine RDR objectives.
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ITL Mortgages - Prime Residential 2 Year 3.4% Fixed
16 Jun 2010
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John Hutton to lead public sector pensions commission
21 Jun 2010
Osborne says Hutton will bring a “cross-party perspective” to a “national problem”.
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JPMorgan to unveil emerging income fund
7 Jun 2010
JPMorgan Asset Management is planning to launch UK’s first global emerging market income trust, with an initial 4 per cent target yield.
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Jubilee Financial Products - Accelerated Growth Plan Issue 2
7 Jun 2010
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Jubilee launches Euro Stoxx 50 kick out
3 Jun 2010
New Euro Stoxx 50 plan to address clients’ FTSE-centric portfolios.
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Jupiter to float at the lower end of price range
16 Jun 2010
Jupiter Asset Management has announced that shares in its London listing have been set at 165p.
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Jupiter’s star managers take multi-million stake in business
3 Jun 2010
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Keydata and offshore firm drained £80m from Lifemark
11 Jun 2010
Lifemark paid offshore firm LAS Global Limited £38m and Keydata over £40m in commission and fees.
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Keydata Lifemark cash fears if rescue plan not agreed
1 Jun 2010
Investments in policies could become worthless if policies lapse before restructuring plan is finalised.
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L&G calls for credit scoring reduction
2 Jun 2010
’Back to basics’ approach needed to allow self-employed and complex borrowers to access lending.
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Labour MP Anne Begg to chair work and pensions committee
11 Jun 2010
Labour MP for Aberdeen South Anne Begg takes over as chair from Terry Rooney.
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Labour MP Frank Field to lead review into poverty
7 Jun 2010
PM David Cameron appoints Field to investigate poverty in Britain.
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Lansons appoints Mark Penton as director
7 Jun 2010
Penton joins Lansons as a director of its regulatory consulting practice.
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Latest structured products from Manor Park
1 Jun 2010
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Leeds BS launches shared ownership mortgage aimed at FTBs
25 Jun 2010
Leeds Building Society has launched a new shared ownership product aimed at helping first-time buyers onto the housing ladder.
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Leeds Building Society - Shared Ownership Fees Assisted 3 Year Fixed
22 Jun 2010
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Legal & General
1 Jun 2010
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Lenders "harshly treated" by approved persons scheme
25 Jun 2010
CML director general Michael Coogan: “In financial regulation, as in football, whether we like it or not the referee’s decision is final.”
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Let's get ready to unbundle
15 Jun 2010
Fidelity’s Ed Dymott is unconvinced that unbundling will improve transparancy and remove conflicts.
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Life assurance protection gap hits £2.4trn
10 Jun 2010
Life assurance protection gap has risen for the first time since 2004
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Lifemark: Stewart Ford set up LAS Global
16 Jun 2010
Keydata founder Stewart Ford’s family trust set up offshore firm which received £38m in fees from Lifemark.
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Liontrust appoints Nick Wells as a consultant
7 Jun 2010
Liontrust has appointed former Artemis director Nick Wells as a consultant for business development.
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Liontrust cuts dividends as profits fall
16 Jun 2010
Liontrust Asset Management has cut dividend payments for the year ending March 2010 to 2.5p a share.
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Lloyds action group launches £14bn compensation bid
7 Jun 2010
Treasury and Lloyds directors given 90 days to respond before the group starts legal action.
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Lloyds to cull 650 jobs
30 Jun 2010
Bank will also close its Halifax agencies.
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Lloyds TSB Offshore - Premier International Account
9 Jun 2010
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LSL launches property asset management service
8 Jun 2010
St Trinity Asset Management created following acquisition of Halifax Estate Agents Corporate Services.
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LV= Asset Management - Managed Portfolio 3 Fund
29 Jun 2010
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Lv= Mortgage & Lifestyle Protection Update
22 Jun 2010
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Macquarie makes a change
16 Jun 2010
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Making Sense of the latest RDR Papers
29 Jun 2010
Rob Reid and Roderic Rennison hope their RDR matirx will help advisers meet the challenges of the RDR.
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Manor Park - Guaranteed UK Capital Growth Fund July 2010 Series
22 Jun 2010
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Manor Park - Guaranteed UK Selected Growth Fund July 2010 Series
22 Jun 2010
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Matrix Group - Matrix Asia Ucits Fund
1 Jun 2010
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Matrix Group - Matrix Lazard Opportunities Fund
22 Jun 2010
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Mercer warns about early access "leakage" for pensions
9 Jun 2010
The firm says early access “leakage” undermines efforts to encourage people to save for retirement.
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Merchant Capital - Kick Out Plan: Emerging Markets May 2010
16 Jun 2010
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Merkel and Sarkozy push for short-selling ban
10 Jun 2010
Germany and France are calling for the rapid introduction of an EU-wide ban on the short selling of some shares and government debt.
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Meteor Asset Management - Top Ten Kick-Out Plan 2
28 Jun 2010
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Metro Bank to open July 29
16 Jun 2010
New bank promises to ’make banking fun for everyone’.
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MMTV: Wrap debate must focus on clarity for consumers
29 Jun 2010
Panellists at our recent wrap and platform round table discuss the regulation of the sector.
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Money Marketing parent company acquires Taxbriefs
1 Jun 2010
Centaur Media aquires specialist financial publication firm for £1.9m.
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Moneygate acquires Beacon Asset Management
14 Jun 2010
Moneygate adds £90m to FUM with acquisition of Beacon Asset Management.
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More than 200 FSA staff earn over £100k
2 Jun 2010
Freedom of information act finds 215 staff earning six-figure sums.
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Morgan Stanley - FTSE Protected Growth Plan 35
30 Jun 2010
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Morgan Stanley - FTSE Best Entry Growth Plan 5
30 Jun 2010
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Morgan Stanley - FTSE Bonus Growth Plan
1 Jun 2010
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Mortgage approvals rise in May
23 Jun 2010
The number of house purchase approvals by high street banks rose in May to the highest level seen this year, figures from the British Bankers’ Association reveal.
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Mortgage brokers may need new qualifications
4 Jun 2010
FSA may require updates for non-RDR qualifications covering mortgage advice, equity release, long -term care insurance and pension transfers.
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Mortgage lending up £500m in April
2 Jun 2010
New lending up but remortgages fall according to the Bank of England.
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Mortgage products fall 90% since July 2007
4 Jun 2010
But number of products on the market has broken the 3,000 barrier for the first time since July 2009.
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MPC member says deflation still a threat
30 Jun 2010
Adam Posen says UK is poised between recovery and recession.
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MPC member votes for interest rate rise
23 Jun 2010
Andrew Sentance voted to increase interest rates by 0.25 per cent at this month’s MPC meeting.
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MPs elect Andrew Tyrie as Treasury Committee chair
10 Jun 2010
Tyrie wins MP vote for Treasury Committee chair against Michael Fallon.
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MPs set to vote for Treasury select committee chair
2 Jun 2010
Fallon or Tyrie favourites to chair the TSC.
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NAB pulls out of race for RBS branches
7 Jun 2010
Reports suggest NAB may sell Clydesdale and Yorkshire banks.
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Nat West Intermediary Solutions tracks for 18 months
22 Jun 2010
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Nationwide launches "simplified" mortgage range
10 Jun 2010
Specialist lending arm The Mortgage Works also launches broker-exclusive prime range.
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Nationwide slashes rates for home buyers
30 Jun 2010
Rate reduced by up to 0.29 per cent.
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Natwest Intermediary Solutions announces restructure
8 Jun 2010
Restructure of NIS part of the 600 job losses announced last month.
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Neptune’s Geffen backs Michael McLintock for Pru CEO
2 Jun 2010
Robin Geffen says M&G chief exec McLintock should be given the top job.
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New boy Aldermore makes reasonable entry
28 Jun 2010
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New consumer authority takes responsibility for FOS and FSCS
17 Jun 2010
CPMA will regulate conduct of all firms, including those prudentially regulated by the PRA.
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NHF fears housing budget could be cut by third
21 Jun 2010
National Housing Federation says cuts would damage recovery.
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No growth required for Blue Sky
4 Jun 2010
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Northern Rock plans to cut 650 jobs
8 Jun 2010
Cuts are being made in preparation for a return to the private sector.
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Norwich and Peterborough boosts LTV to 85%
23 Jun 2010
The building society has increased its loan to value to 85 per cent and cut its five year fixed rate mortgage to 5.89 per cent.
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Novia announces True Potential partnership
7 Jun 2010
Advisers using True Potential will have access to investment commission from Novia
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Novia launches portfolio review tool
30 Jun 2010
Tool allows advisers to benchmark the rate of return on a client’s total portfolio or on individual wrappers.
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Nucleus hits profitability after three years
9 Jun 2010
Nucleus has broken into profitability within three and a half years of the platform’s launch.
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Octopus to focus on healthcare and technology
1 Jun 2010
Octopus Investments launches European absolute return fund, managed by Thierry Serero.
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Odd takes over reins of M&G Dividend fund
29 Jun 2010
Alex Odd, manager of the M&G income fund, will additionally become lead manager of the £500m M&G dividend fund from July 1.
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Office for Budget Responsibility shines light on public sector pensions
15 Jun 2010
Net costs of public sector pensions to double to £9.4bn in 5 years, Towers Watson says focus should be on £26bn of new pension promises.
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OFT announces crackdown on cash Isa transfers
29 Jun 2010
Changes in the cash Isa market will see maximum transfer times cut from 23 to 15 days.
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OMAM UK sales head Mark Allpress departs in re-shuffle
30 Jun 2010
Old Mutual Asset Managers has made its head of UK retail sales Mark Allpress redundant following a reorganisation, Money Marketing understands.
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Openwork launches campaign to encourage borrowers off interest-only
25 Jun 2010
Openwork advisers do not pay an administration fee when switching loans with its partners.
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Operation pensions
9 Jun 2010
AWD’s Martyn Laverick says the Government should consider offering 100 per cent pension tax relief for lower earners.
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Other Qualifications are available
3 Jun 2010
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Performance is key to Rathbone multi-asset fund
16 Jun 2010
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Perspective acquires Wingham Wyatt
17 Jun 2010
IFA consolidator Perspective Financial Group has confirmed the acquisition of Wingham Wyatt.
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Phoenix prepares to list in London
4 Jun 2010
Phoenix Group is set to list on the London Stock Exchange.
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Pimco poaches deep value managers and adds funds
14 Jun 2010
Pimco has poached two deep value managers from Franklin Templeton and has made them managers of two new equity funds.
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PIMS 2010: IFAs should help lawyers change models
17 Jun 2010
Sifa says advisers can help lawyers move away from transactional relationships.
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PIMS 2010: Time is running out for fee transition
18 Jun 2010
Macquarie says advisers need 36 months to transition to a fee-based model.
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Platform launches seven-year fixed range
28 Jun 2010
Range also includes two, four and ten-year fixed-rates as well as a two-year tracker.
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Platform reforms inconsistent with RDR, says Cofunds
16 Jun 2010
Cofunds CEO says banning rebates is like “using a sledgehammer to crack a nut”.
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Precise Mortgages - Buy-To-Let 2-Year Tracker
1 Jun 2010
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Precise Mortgages - Buy-To-Let 2-Year Tracker
1 Jun 2010
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Precise Mortgages - Buy-To-Let Lifetime Tracker
1 Jun 2010
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Primrose Associates in administration
22 Jun 2010
Mortgage broker firm run by ex-St James’s Place partner Peter Carron put into administration.
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Property fraud increases in first five months of 2010
21 Jun 2010
Steady rise in the number of tip offs received by the Solicitors Regulation Authority.
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Pru advert cashes in on CGT hike
23 Jun 2010
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Pru and AIG fail to agree revised deal for AIA
1 Jun 2010
AIG says the company will not reconsider terms of £24.5bn acquisition making a deal extremely unlikely.
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Pru chief exec faces pressure ahead of AGM
7 Jun 2010
Tidjane Thiam will come under pressure at today’s AGM, despite a positive trading update.
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Pru scraps AIA bid at cost of £450m
2 Jun 2010
Pru fails to negotiate lower price after shareholder opposition.
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Pru set for boardroom shake-up
28 Jun 2010
Prudential is to hire two non-executive directors to strengthen the board following the collapse of the AIA bid.
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Prudential bosses apologise for failed AIA bid
7 Jun 2010
Chief executive Tidjane Thiam and chairman Harvey McGrath say sorry to shareholders over the AIA deal collapse.
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PruProtect launches new products
10 Jun 2010
PruProtect has launched two new health insurance products.
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Public sector borrowing falls
18 Jun 2010
Net borrowing in Britain’s public sector has fallen £7.4 billion over the past 12 months, according to figures released today by the Office for National Statistics.
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Querns Asset Management - Income First Fund
9 Jun 2010
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Race is on to raise money to challenge the FSCS
30 Jun 2010
High court showdown would shine light on FSCS funding flaws- but first the money must be raised.
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Rate rise will come before QE withdrawal, says King
17 Jun 2010
BoE governor Mervyn King says monetary policy will come before fiscal retrenchment.
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Rates need to rise, says Sentance
28 Jun 2010
MPC member Andrew Sentance stands by his call to raise rates to 0.75%.
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Rathbone adopts strategic growth
16 Jun 2010
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RBS branch sale delayed by FSMA requirements
21 Jun 2010
RBS to write to affected customers to see if there are objections to switching banks.
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RDR: Adviser costs for professionalism may exceed £225m by 2012
28 Jun 2010
Advisers are facing costs of £225m by the end of 2012, plus additional expense for the FSA’s new statements of professional standing.
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RDR: Advisers may face more data scrutiny
28 Jun 2010
The regulator is keen to build a “profile” of individual advisers, including transactional activity.
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RDR: Advisers must hold statement of professional standing
28 Jun 2010
Membership of professional bodies will not be mandatory for IFAs.
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RDR: Aifa questions FSA's drop in adviser numbers
28 Jun 2010
Aifa says the FSA has reduced its estimate of investment advisers from 85,000 to 48,000.
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RDR: FSA publishes final list of approved qualifications
28 Jun 2010
Advisers on the path to higher qualifications can now check if their qualification has been approved.
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Regulation will not hit banks' financial strength, says Moody's
23 Jun 2010
Moody’s says global banking reforms should lead to stronger balance sheets despite lower profits.
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Research Insight: RDR & exams – what it means to you
1 Jun 2010
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Resolution closes in on Axa deal
15 Jun 2010
Resolution and Axa hope sale will be agreed by middle of next week.
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Resolution eyes £2.75bn Axa deal
14 Jun 2010
Axa’s wealth management arm, including Architas and the Elevate wrap, are not part of the deal.
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Resolution to buy Axa's UK life business in £2.75bn deal
24 Jun 2010
Friends Provident to rebrand as Friends Life.
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Richard Buxton: Stick with BP
11 Jun 2010
Schroders head of equities Richard Buxton urges IFAs to calm BP investors.
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RLAM creates first Paif
8 Jun 2010
Royal London Asset Management has become the first UK fund management group to launch a property authorised investment fund.
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Royal London and Royal Liver sign exclusivity deal
21 Jun 2010
Royal Liver and Royal London have signed non-binding heads of terms which bring the firms closer to a merger deal.
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RSM Tenon acquires Vantis advisory divisions for £7m
30 Jun 2010
RSM Tenon has acquired Vantis Financial Management as part of £7m deal for its advisory arms.
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RWC launches Europe absolute alpha fund
21 Jun 2010
RWC Partners is launching a long/short equity Europe absolute alpha fund to complement its US absolute alpha product.
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RWC Partners poaches JPM’s Bennett as sales director
14 Jun 2010
John Bennett joins RWC as sales director after 15 years at JP Morgan Asset Management.
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Santander - Fixed rates for existing current account customers update
9 Jun 2010
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Santander sole bidder for RBS branches
18 Jun 2010
Spanish bank tends only bid for 300-strong branch network.
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Sants calls for Companies Act overhaul
17 Jun 2010
The FSA chief says the current framework fails to sufficiently obligate firms to consider the impact of their actions on the wider community.
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Sants stresses RDR will go ahead under new structure
24 Jun 2010
FSA chief executive Hector Sants says the regulator will not be deflected from the RDR.
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Schroder income duo up BP weighting
4 Jun 2010
Nick Kirrage and Kevin Murphy increase BP exposure to 3.5 per cent within Schroder income fund.
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Schroders- Asian Income Maximiser
1 Jun 2010
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Schroders branches out maximiser to Asia
11 Jun 2010
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Schroders finds freedom to move
11 Jun 2010
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Schroders takes 49 per cent stake in RWC Partners
22 Jun 2010
Schroders has acquired 49 per cent of the share capital of RWC Partners.
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Schroders takes covered calls to Asia
4 Jun 2010
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Scottish Provident reprices life cover rates
7 Jun 2010
Provider paid out 97 per cent of life cover claims last year.
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Scottish Widows - Capital Protected Fund 16
14 Jun 2010
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Scottish Widows Investment Partnership - Swip Strategic Bond Fund
29 Jun 2010
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SFO investigates Deutsche Bank’s role in Kaupthing fraud
7 Jun 2010
Deutsche Bank allegedly investigated over suspect trades, according to report.
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Short-term loan agreed to preserve Keydata Lifemark assets
8 Jun 2010
CarVal understood to have advanced £3.5m to Lifemark to preserve the value of life settlement policies.
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Should you take J08 (Financial Planning Practice) in July?
7 Jun 2010
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SimplyBiz appoints joint managing directors
1 Jun 2010
SimplyBiz has appointed Matt Timmins and Neil Stevens as joint managing directors.
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Sir John Vickers to chair independent banking commission
17 Jun 2010
The commission will produce a final report in September 2011.
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Skandia appoints head of Adviser Direct
16 Jun 2010
Robin Barrow to head up Skandia’s central team of business consultants for IFAs.
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Skandia launches 20 single manager funds
3 Jun 2010
Skandia to launch 20 single manager funds under the Signature banner.
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Some Ssas providers yet to adopt post-A-day rules
21 Jun 2010
Hornbuckle Mitchell technical manager Mark Scott warns scheme members may face unwelcome restrictions and tax charges.
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Spain warns on ECB demanding loan repayment
29 Jun 2010
Spain warned the European Central Bank against derailing its financial system.
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Speculation mounts over future of Aegon in UK
21 Jun 2010
Global chief executive Alex Wyneandts to address future of the UK arm at a conference for investors and analysts tomorrow morning.
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Standard Life to rejig UK operational structure
23 Jun 2010
Current managing director of distribution Paul Mathews will head up the newly created take to market division.
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Steve Webb's statement of intent
28 Jun 2010
Steve Bee says he has waited a very long time to hear a Government minister say they must make sure it pays to save.
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SVM UK 100 select fund to rebrand as UK growth
28 Jun 2010
SVM Asset Management is rebranding its UK 100 select fund as UK growth.
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Synthetic investments do nothing to help UK recovery, says Aifa
23 Jun 2010
Big pension vehicles not trackers boost equity participation and help economy more in the longer-term.
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Techlink adviser bulletin: week of 24 May 2010 – what did you miss?
3 Jun 2010
Here are initial extracts from three of the bulletins Techlink published last week.
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Techlink adviser bulletin: week of 31 May 2010 – what did you miss?
7 Jun 2010
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Techlink adviser bulletin: week of 7 June 2010 – what did you miss?
11 Jun 2010
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Technical Connection
3 Jun 2010
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Technical Connection (Academy members area)
3 Jun 2010
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TEP firm suspends trading on AIM
28 Jun 2010
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The Mortgage Works - Prime mortgage range update
11 Jun 2010
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The Park Row debacle shows regulation is out of control
14 Jun 2010
Evan Owen says society is in dire need of regulatory balance.
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Threadneedle absolute return duo quit for RWC
30 Jun 2010
Threadneedle absolute return fund managers Peter Allwright and Stuart Frost are quitting the firm to join RWC Partners.
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Threadneedle launches enhanced commodities fund
29 Jun 2010
Threadneedle today launched a long-only Ucits III fund that invests across a range of commodities.
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threesixty enlists Brian Lawless for IFA seminars on Budget
17 Jun 2010
Tax and trust consultant Brian Lawless to co-present IFA seminars on Budget implications.
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Tipton & Coseley Building Society - Hallmark 30 and Premier 30
9 Jun 2010
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Tisa platform committee appoints head of re-reg
15 Jun 2010
Alistair Reid will head up the re-reg programme with immediate effect.
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Towry poaches Aberdeen’s Dawkins as CIO
4 Jun 2010
Ex-Aberdeen head of multi-manager Robert Dawkins to join Towry.
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Treasury heavily underestimates cost of pension tax relief restrictions
8 Jun 2010
The Treasury has underestimated the cost of implementing the new restrictions to tax relief for higher earners by seven times.
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TrigoldCrystal launches iPhone app
1 Jun 2010
Results can be emailed to the broker to show clients.
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True Potential to launch new iPhone and iPad apps
24 Jun 2010
Applications include real time client valuations and secure online data access.
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UK growth forecast downgraded to 2.6%
14 Jun 2010
Independent body Office of Budget Responsibility says GDP increases lower than March Budget forecast.
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UK inflation falls to 3.4 per cent
15 Jun 2010
UK inflation has fallen to 3.4 per cent in May, down from the 17 month-high of 3.7 per cent in April.
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Vantis suspends share trading
14 Jun 2010
The parent company of IFA firm Vantis Financial Management suspends share trading due to a lack of funds.
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Veritas hires UK senior private client director
30 Jun 2010
Ross Ciesla joins as senior private client director from Newton.
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Walker Crips Structured Investments - Dual Index Plan Issue Two - (Kick out)
8 Jun 2010
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Was Darling a great Chancellor?
8 Jun 2010
Will the former Chancellor be remembered as a success or a failure?
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Welcome to the Money Marketing Academy: how to use this website
7 Jun 2010
In partnership with the Chartered Insurance Institute and with the generous support of our Founder Patrons: HSBC Global Asset Management, Legal & General, threesixty and Zurich, plus a host of financial services training experts, we are delighted to welcome you to the brand new Money Marketing Academy website.
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What the emergency Budget means for your clients?
22 Jun 2010
Technical Connection director John Woolley says the Budget could have been far worse for advisers and their clients.
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Which? ranks structured products in “useless products list”
4 Jun 2010
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Who should replace Chris Cummings?
16 Jun 2010
Who has the character and attributes needed to replace Cummings as Aifa director general?
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Woolwich appoints new head of key accounts
29 Jun 2010
Sarah Green has worked for Barclays’ mortgage propositions team for three years.
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Woolwich cuts high LTV interest rates
21 Jun 2010
All fixed rate mortgages revert to a lifetime tracker rate at base plus 2.49 per cent after the fixed rate period.
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Woolwich offers exclusive mortgage for Bovis customers
9 Jun 2010
The lender says the deal is aimed at home-movers with limited equity and first-time buyers.
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Yorkshire BS offers new ten-year fixed rate
11 Jun 2010
Product for borrowers with a 25 per cent deposit.
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Yorkshire Building Society - 10-Year Fixed Rate – Direct Mortgage
9 Jun 2010
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Yorkshire Building Society - 10-Year Fixed Rate - Direct Mortgage (with fee assistance)
7 Jun 2010
