Money Marketing
1 December 2004

  • 2% property rise forecast for 2005

    2 Dec 2004

    Researchers at property consultants FPD Savills are forecasting that the value of the average house will rise by just 2 per cent next year, the lowest growth level in nine years.

  • A consumer's view

    2 Dec 2004

    The almost wilful refusal of the vast majority of the public to learn about and take an interest in their financial aff-airs must be a continuing cause for concern for IFAs who have to advise them, and the regulator, charged with the unenviable task of educating the general public about money matters.

  • ABI guidelines to shake up complaints' process

    2 Dec 2004

    The ABI has put together new guidelines on handling complaints in a bid to improve the industry's treatment of consumers.

  • A-Day while the sun shines

    2 Dec 2004

    I have a paid-up executive pension plan which offers me the potential of taking a substantial amount of tax-free cash. I am actively contributing to other pension policies and am thinking about consolidating the arrangement. Will the new pension legislation have any effect on this?

  • Aiming for global growth

    2 Dec 2004

    Investec Asset Management has created an onshore version of its offshore global energy fund in response to IFA demand for a Ucits-qualifying fund in this sector.

  • AITC supports FSA move towards regulation of investment trusts

    2 Dec 2004

    The Association of Investment Trust Companies is backing FSA moves to regulate investment trust companies following the split-capital debacle.

  • All-round winners

    2 Dec 2004

    Catherine Boyle looks at the final four for the IFA Woman of the Year 2004 award.

  • American Express adding Insight to wrap platform for IFAs

    2 Dec 2004

    American Express Financial Services has added Insight Investment multi-manager portfolios onto its wrap platform for IFAs.

  • Assureweb flies the kitemark for system security

    2 Dec 2004

    Assureweb says it is the first IFA portal to gain a British standard for security practices and is calling on its competitors to work harder to demonstrate the same level of commitment to improving security.

  • Average adds to D-Day confusion

    2 Dec 2004

    The depolarisation rules have been released, giving the go-ahead to brokers to multi-tie and allowing banks to widen their offerings.

  • B&B confirms sale to Garfield and Wishart

    1 Dec 2004

    Bradford & Bingley has confirmed the sale of Charcol to a consortium of investors including the former founders, as exclusively revealed by Money Marketing Online.

  • BAM under pressure after fund deal by society

    2 Dec 2004

    The pressure is on Britannic Asset Management to shape up after it lost an exclusive distribution deal, says Rowan analyst Tim Cockerill.

  • Bedford becomes MD at Worldwide Financial

    2 Dec 2004

    Former Misys head of marketing and Sesame sales director Andrew Bedford has been appointed managing director at IFA Worldwide Financial Planning.

  • Bid for Liontrust fails

    2 Dec 2004

    Talks over the sale of Liontrust Asset Management have fallen through. The "tentative, management-initiated" approach for the company made on November 5 was terminated after it became clear that an agreement would not be struck within a reasonable timescale. A statement to the Stock Exchange says senior management are committed to the business and customers and profit expectations are unchanged.

  • Bond ambition

    2 Dec 2004

    How do offshore bonds differ from onshore bonds? How do they compare in cost?Steel: Onshore bonds are taxed within the funds as they go at 20 per cent, which is the equivalent of the savings rate. For a basic-rate taxpayer there will be no more tax to pay on a chargeable event. A higher-rate taxpayer will pay the difference at 20 per cent.

  • Bristol & West Mortgages - 5.05% Five Year Fixed

    7 Dec 2004

    Bristol & West Mortgages5.05% Five Year Fixed

  • Bristol & West Mortgages - 5.59% Three Year Fixed Buy To Let

    3 Dec 2004

    Bristol & West Mortgages5.59% Three Year Fixed Buy To Let

  • Called to the bar

    2 Dec 2004

    Vantis Corporate Finance has established Cross Oak Inns, an enterprise investment scheme which aims for capital growth by investing in a portfolio of pub restaurants in Southern England.

  • Chilton on Mortgages

    2 Dec 2004

    We have got a client flying in tonight from Dubai. Odd for a telephone-only operation, you might think. I would love to tell you that she is really flying over to pick up the keys of the new Mercedes she won in the infamous Dubai airport raffle but, sadly, she has to come here to prove her identity under the most bizarre interpretation of money laundering that HBOS is forcing upon us all.

  • Chilton questions future for Charcol

    1 Dec 2004

    Purely Mortgages chief executive Mark Chilton believes the current market is a difficult one for a newly independent Charcol to make a success of.

  • CII announces six new examinations

    6 Dec 2004

    The Chartered Insurance Institute announces the introduction of six new examinations for the 2005.

  • Commentary: Transition mission

    2 Dec 2004

    This is the end of the line for polarisation. Following a long and detailed consultation with industry, the FSA's new rules come into effect this week.

  • Commercial break

    2 Dec 2004

    With the residential market slowing, clients and brokers are turning to commercial property.

  • Commitment to re-registration

    2 Dec 2004

    We saw with surprise Skandia's decision to move away from re-registration into their funds supermarket in favour of transfers, in the article headlined, Skandia planning to axe re-registration (Money Marketing, October 28). I wonder if advisers share two concerns that we have.

  • Confidence boost as business rises

    2 Dec 2004

    Overall life and pension business showed a 5 per cent rise in the third quarter to 2.5bn from 2.4bn in the same quarter last year.

  • Darby on gardening leave but may join Charcol next year

    1 Dec 2004

    Bradford & Bingley commercial director Ian Darby is understood to be on gardening leave from B&B with the possibility of joining Charcol next year.

  • D-delay on the way to depolarisation

    2 Dec 2004

    The financial industry is hard-pressed to react with no time to prepare for new rules.

  • 'Disclosing average commission could mean products are rejected'

    2 Dec 2004

    The publication of marketaverage commission levels could give rise to anti-competitive behaviour, warn product providers.

  • Duffy sees bright future for Charcol with Garfield on board

    1 Dec 2004

    Hamptons International Mortgages managing director Kevin Duffy says the sale of Charcol to a consortium including founder John Garfield is not good news for the rest of the industry because "Garfield has a proven record of turning water into wine".But Duffy is curious to see what scale Charcol's new management will grow the business to, and how they will do it in what is a markedly different broker landscape to what it was when Charcol was last independent.

  • DWS aims for 7.75% return with guaranteed cash fund

    2 Dec 2004

    DWS Investments is aiming at cautious investors with a capital-guaranteed cash plus fund looking for a 7.75 per cent return.

  • Exchange adds 900 Exweb licences

    2 Dec 2004

    The Exchange has signed up 900 new licences for its Exweb portal from three IFA firms. Millfield Partnership has taken an additional 600 new Exweb licences, Park Row 200 licences and Mint Financial Services has taken 100.

  • F&C offers investment trust CTF

    2 Dec 2004

    F&C is introducing an investment trust child trust fund, the first fund firm to develop an investment trust model for the CTF. Commission is 0.2 per cent.

  • Fears over low calculations

    2 Dec 2004

    Industry reaction is that the FSA's calculation of market average rates errs on the low side.

  • Finan to lead Consifa drive to buy IFAs

    2 Dec 2004

    Consolidating IFA group Consifa is set to relaunch to the IFA market with ex-Winterthur Life chairman John Finan as chief executive.

  • First-time Byers in plea for interest-free loans

    2 Dec 2004

    Former Cabinet minister Stephen Byers is urging the Government to adopt a policy to help first-time buyers get on to the housing ladder with interest free loans.

  • Friends aims for £380m securitisation

    2 Dec 2004

    Friends Provident is looking to raise £380m to fund new business acquisition by securitising a book of life insurance policies. The move also reflects recognition of improvements in annuitant longevity in statutory valuation requirements of its business which could reduce statutory net assets by £30m.

  • Friends Provident International - Zenith

    2 Dec 2004

    Friends Provident International Zenith

  • FSA relaxes rules for provider investment

    2 Dec 2004

    The removal of the better than best rule makes it easier for product providers to invest in intermediaries but providing software or training will be restricted under FSA guidelines.

  • FSA sets out benchmarks

    2 Dec 2004

    The FSA has published the market-average figures for the cost of financial advice which firms must provide for all consumers by June 2005.

  • FSA to investigate impact of regulation on smaller firms

    2 Dec 2004

    Today's publication of the N2+2 review saw the FSA acknowledge the impact the cost of regulation can have on smaller firms.

  • FSA to review key facts documents

    7 Dec 2004

    Speaking at the Council of Mortgage Lenders conference in London today, FSA managing director of retail services Clive Briault revealed the regulator has started to review some examples of Key Facts documents.

  • FSA welcomes N2+2 review outcome

    2 Dec 2004

    The FSA says it welcomes the publication of the Government's review of the Financial Services and Markets Act announced today by the Financial Secretary to the Treasury.

  • FSA's Severn to become new Aifa head

    3 Dec 2004

    Former FSA head of retail investments policy David Severn is to take the role of director-general of the Association of IFAs. Severn takes over the role vacated by Paul Smee who stepped down this week.Association of Mortgage Intermediaries director Chris Cummings becomes deputy director-general of Aifa while Fay Goddard who is acting director-general in the hand-over period remains director of policy.

  • FSA's survey finds all IFAs plan to stay independent

    2 Dec 2004

    All of the small and medium-sized IFA firms surveyed by the FSA say they plan to stay independent.

  • FTBs are falling faster in the UK

    2 Dec 2004

    The proportion of first-time buyers in the UK has fallen more rapidly than in any other country, according to research published by the Council of Mortgage Lenders.

  • FundsDirect picks Pru director Bratt as CEO

    2 Dec 2004

    FundsDirect has appointed Prudential director Simon Bratt as chief executive after Sean Ewing left the company.

  • German bank West LB innovates with index basket

    2 Dec 2004

    Performance seeker is a capital protected bond designed by German bank West LB and administered by Keydata Investment Services. It is linked to the performance of a weighted portfolio of three stockmarket indices - the FTSE 100, S&P 500 and Nikkei 225 over a six-year term.

  • Guns loaded against performance fees

    2 Dec 2004

    Hargreaves Lansdown chief executive Peter Hargreaves says his firm will fight hard against performance fees as he pours scorn on the results of an AITC survey.

  • Hargreaves challenges AITC to justify performance fees

    2 Dec 2004

    Hargreaves Lansdown chairman Peter Hargreaves is challenging the AITC to prove the results of its recent survey on performance fees.

  • IFAs figure out flaws in FSA averages

    2 Dec 2004

    IFAs say the way the FSA has calculated market-average commission is flawed because it has included execution-only business.

  • In with the new rates for borrowers

    2 Dec 2004

    The initial panic over mortgage regulation has subsided but borrowers are being advised to wait for the best deals to arrive in the New Year.

  • Independent view

    2 Dec 2004

    The Government got it spectacularly wrong on pricing so maybe it is time to at least try leveraging distribution.

  • Index link

    2 Dec 2004

    JO HAMBRO CAPITAL MANAGEMENTJOHCM UK Equity Income FundType: OeicAim: Income and growth by investing in UK equities listed mainly on the FTSE 350 indexMinimum investment: Lump sum £1,000Investment split: 100% in UK equitiesIsa link: YesPep transfers: YesCharges: Initial up to 5%, annual 1.25%, performance fee 15%Commission: Initial 3%, renewal 0.5%Tel: 020 7747 5678The equity income fund is an Oeic that aims to achieve above average dividend yield through an actively managed portfolio ...

  • Investment view

    2 Dec 2004

    The dollar slide is not having too great an effect on markets - perhaps it is the seasonal factor, says Brian Tora

  • Investors miss out on the top funds

    2 Dec 2004

    Billions of pounds are being left in underperforming funds as UK investors miss out on top-ranking funds, according to a report by Rowan.

  • Is Pru staging a dirty war?

    2 Dec 2004

    You have to wonder whether the man at the Pru is trying to destroy Money Mark-eting's relationships with rival firms.

  • Isa sales show recovery

    2 Dec 2004

    Sales of Isas bounced back in October from their first-ever net outflow in September. Net sales for Isas in October rose to £37.4m, according to the Investment Management Association.

  • It's official - The Exchange is up for sale

    2 Dec 2004

    The Exchange has been formally put up for sale after parent Marlborough Stirling had its shares suspended and its chairman quit.

  • Jaw show

    2 Dec 2004

    Such was DWS Investments' confidence that everyone attending the launch of its new ratebuster product would be astounded by their wizardry, the fund manager offered 50 to anyone whose jaw did not hit the floor.

  • JOCHM gives Beagles the reins

    2 Dec 2004

    JO Hambro Capital ManagementJOCHM UK Equity Income Fund

  • JPMF gets Euro dynamic

    7 Dec 2004

    JPMorgan FlemingJPMF Europe Dynamic (Ex UK) Fund

  • JPMorgan Fleming - JPMF Europe Dynamic (Ex UK) Fund

    2 Dec 2004

    JPMorgan FlemingJPMF Europe Dynamic (Ex UK) Fund

  • Julian Gibbs

    2 Dec 2004

    JO Hambro has attracted yet another top fund manager, Clive Beagles, former manager of Newton higher-income fund.

  • Lenders urged to be inclusive

    2 Dec 2004

    Lenders should assess and price risk for non-conforming borrowers rather than exclude them, says a new study of the market.

  • Loan firms predicting demise of packagers

    2 Dec 2004

    A large number of packaging operations will disappear in the new regulated environment as transparency measures expose what they are earning, warn mortgage intermediaries.

  • Manor Park back for new year

    7 Dec 2004

    Manor Park has unveiled the Manor Park guaranteed global growth fund (January 2005 series), a capital-protected offshore investment trust.

  • McFall savings forum to restore confidence

    2 Dec 2004

    Treasury select committee chairman John McFall has taken the lead in establishing a new industry forum to help boost confidence in longterm saving.

  • Medical notes

    2 Dec 2004

    Bruce Love looks at how international PMI business is growing and how advisers need to get to grips with complex issues rather than just dabble in the market.

  • 'Menu will see IFAs win hands down'

    2 Dec 2004

    Banks' tied salesforces must disclose the commission they get to consumers in the same way as IFAs and multi-ties, the FSA confirms.

  • 'Mixed message' concern with protection off menu

    2 Dec 2004

    Protection has been left off the payment menu and IFAs fear this may lead to confusion among clients.

  • MM linking with industry for investment trust conference

    2 Dec 2004

    Money Marketing is collaborating with sister publication Fund Strategy, conference organiser Sway and the AITC for a Senate conference on investment trusts.

  • Mortgage Express launches BTL products

    3 Dec 2004

    Mortgage Express is launching a range of buy to let products including a market-leading three year discount mortgage.

  • Mortgages Plc enhances rolling and stepped discounts on all products

    7 Dec 2004

    Mortgages plc, the specialist non-conforming lender, is announcing strategic product enhancements.

  • Nationwide forecasts 2% rise in 2005

    2 Dec 2004

    Nationwide's housing forecast for 2005 says the average property price will rise by just 2 per cent as more realistic price expectations will act as a brake on the market. Predicted net mortgage lending for 2005 is £73bn from an expected £97bn in 2004.

  • New 2 year fixed rates from Platform

    3 Dec 2004

    Platform, the intermediary lender of Britannia Building Society is developing its "one" product range with the addition of five new, compeitively prices 2 year fixed non-confirming products.

  • New marketing director at Leeds & Holbeck

    7 Dec 2004

    Leeds & Holbeck Building Society has appointed David Furness to a new position of director of sales and marketing with overall responsibility for development. The development role at Leeds & Holbeck will encompass sales through the branch network, call centre and third party relationships.

  • New model army

    2 Dec 2004

    Last week, I considered the choices that advisers need to make regarding regulatory status approaching D-Day. This week, I will continue to explore the two key components in the overall financial plan - investment management and tax planning.

  • NU Life realigns distribution and reduces sales consultants

    2 Dec 2004

    Norwich Union Life is introducing changes to its distribution teams to reflect the changes in the advisory market.

  • Nvesta - Bull & Beat Tracker Plan

    3 Dec 2004

    Type: Guaranteed equity bond

  • Nvesta remains positive in bull or bear

    3 Dec 2004

    Nvesta has brought out the bull & bear tracker plan, a guaranteed equity bond that provides capital growth linked to the rise or the fall of the FTSE 100 index.

  • OFT to probe anti-competitive effect

    2 Dec 2004

    The Office of Fair Trading is to review the effects of depolarisation because it is concerned that the new rules could have an anti-competitive effect on the market.

  • Open the door to IFAs

    2 Dec 2004

    The news that IFAs have been deemed ineligible by the Association of IFAs to serve as director general will come as a great shock to most advisers.

  • Out of context

    2 Dec 2004

    Any Out of Contexts or Diary stories? Send them to Diary editor Alison Bone, email: alison.bone@centaur.co.uk or tel: 0207 943 8037

  • Play it by year

    2 Dec 2004

    In my last few articles, I have identified the nature and extent of the main three risks of pension drawdown - interest rates, increasing life expectancy and investment performance. In this article I will pay attention to strategies which not only seek to minimise the investment performance risk but turn it into a calculable advantage.

  • Pre-Budget - Brown 'ignoring black hole' - Letwin

    2 Dec 2004

    Shadow chancellor Oliver Letwin has accused Gordon Brown of breaking his own 'golden rule' on public spending.

  • Pre-Budget - Growth of 3-3.5 percent predicted

    2 Dec 2004

    The UK economy will grow at between 3 and 3.5 per cent in 2005 says Chancellor Gordon Brown.

  • Pre-budget - Isa extension not far enough

    2 Dec 2004

    Trade bodies and IFAs have welcomed the Government's plan to extend Isa limits until 2009 but want further measures to increase savings.

  • Pre-Budget - Isas to run to 2009

    2 Dec 2004

    Chancellor Gordon Brown says the Treasury will consult on extending the 7,000 Isa tax break for a further five years.

  • Pre-Budget - Second Child Trust Fund payment to be made at age 7

    2 Dec 2004

    The Chancellor has unveiled a plan for a second Child Trust Fund payment to be made to children on their seventh birthday.

  • Pre-Budget - Which? says Government must not rely on the industry to meet the needs of society

    2 Dec 2004

    Which? principal policy advisor Mick McAteer says the Government mustn't rely on the industry to voluntarily meet the needs of society.

  • Pre-Budget report - property is disappointingly absent from the report says Hamptons

    2 Dec 2004

    Property is disappointingly absent from Gordon Brown's pre-budget report says Hampton's International Mortgages broker Jonathan Cornell.

  • Pre-budget report- Chancellor to pay CTF top-ups to children at age seven

    2 Dec 2004

    The Government has pledged to make additional payments into kids' Child Trust Funds accounts when they reach age seven.In his pre-budget speech, the chancellor vowed to make an additional payment of 250 to children and 500 to the poorest kids. Eligibility will be measured in the same way as for the initial payment and the payment will be made automatically with no need to claim.The Chancellor estimates around 40 per cent of children will receive the higher payment. Providers ...

  • Preparation is key for depolarisation

    2 Dec 2004

    I would like to respond to Friends Provident managing director Ben Gunn's belief that depolarisation is going to "pose a big challenge for the market"(MM, November 4).

  • Prestbury commission deal with papers

    2 Dec 2004

    Prestbury has agreed a commission-share arrangement with The Times and The Sunday Times. The deal will see the newspapers' life insurance arms paid as an introducer appointed representative for the intermediary. As part of the arrangement, the papers will carry joint branded ads which refer readers to Prestbury's call centre.

  • 'Pricing rule could hit suitability of products'

    2 Dec 2004

    The FSA is in danger of discouraging investors from picking performing funds by constantly highlighting costs, according to Whitechurch Securities investment director Gavin Haynes.

  • Product matters

    2 Dec 2004

    Investec Asset Management, the specialist international investment manger, is launching its onshore global energy fund to mirror that of the Guernsey-based GSF global energy fund which is AAA-rated by Forsyth Partners.

  • 'Property pensions could be a disaster'

    2 Dec 2004

    IFA delegates at the Sofa conference last week voiced concerns that placing residential property in a pension is a disaster in the making.

  • 'Providers need to boost service'

    2 Dec 2004

    Product providers need to improve their service standards and pay more attention to IFAs.

  • Pru maintains projected rate at 5%

    2 Dec 2004

    Prudential has kept the projected growth rate for its Prufund Investment Plan at 5 per cent net of charges for the next three months. Pru's second projection for the product runs until February 24. This rate drops to 4.5 per cent for investors taking regular income.

  • Reid all about it

    2 Dec 2004

    I realise it is nearly Christmas when the Money Marketing boat party arrives. The glitterati of financial services were there to set the sector to rights and to consume food and drink as if it was their last meal. It would be easy to appraise the well-dressed ass-embly and assume that, to them, image was all important. Yet we find ourselves with an image that the public could reasonably cite as a key blocker to them saving as opposed to spending.

  • Resolution pledges to tell policyholders when they can make exit without MVRs

    2 Dec 2004

    Resolution Life is to write to Royal & Sun Alliance with-profits policyholders alerting them when MVR-free redemption days come up.

  • Risk warnings set for revamp

    2 Dec 2004

    Investment product risk warnings are set for an overhaul after FSA research found that consumers ignore small print, believing it is only there to cover providers.

  • Roderic Rennison

    2 Dec 2004

    Thinc's new strategic relationships director credits his six months as a door-to-door insurance salesman with giving him confidence and an ability to engage with people.

  • Row breaks after warning on 'inefficient' firms

    2 Dec 2004

    IFAs have reacted angrily to FSA predictions that depolarisation will force some advisers to leave the market.

  • Royal Liver sales manager leaves

    2 Dec 2004

    Royal Liver sales manager Chris Large has been sacked after making derogatory comments to the sales team about the mutual's policyholders. Large, who worked in the Liverpool salesforce, said the 1.4million policyholders were too lazy to access life insurance via the internet.

  • Salaries soar for life office salespeople

    2 Dec 2004

    Salaries among life insurance offices' intermediary salespeople have soared by more than 21 per cent in the past three years.

  • Schroders offers retail recovery

    1 Dec 2004

    Schroders has made its institutional recovery fund available to retail investors in the UK.

  • Scottish Widows Investment Partnership - Swip Property Trust

    1 Dec 2004

    Scottish Widows Investment PartnershipSwip Property Trust

  • Security measure

    2 Dec 2004

    MARLBOROUGH FUND MANAGERSHigh Yield Fixed Interest FundType: Unit trustAim: Income and growth by investing globally in fixed-interest, variable-rate and index-linked securitiesMinimum investment: Lump sum £1,000Investment split: 100% in fixedinterest, variable-rate and indexlinked securitiesIsa link: YesPep transfers: YesCharges: Initial 5.25%, annual 1.5%Commission: Initial 3%, renewal 0.5%Tel: 0870 757 7205The objective of the Marlborough high-yield fixed-interest fund is to provide ...

  • Selestia passes Vantage and closes the gap on Skandia

    2 Dec 2004

    Selestia has leapfrogged HL Vantage into fourth place in the fund supermarket sales race and is closing in on Skandia.

  • Self appraisal

    2 Dec 2004

    UCB HOME LOANSSelf-Certification 3 Year Flexible FixedType: Flexible fixed-rate mortgage for self-cert applicantsFixed term: Three yearsFixed rate: 5.99%Minimum loan: £25,001Maximum loan: Up to 85% of valuation subject to a maximum of £350,000, up to 75% of valuation subject to a maximum of £500,000, up to 65% of valuation subject to a maximum of £750,000Income multiples: 3.25 times principal income plus second or 2.75 times jointFlexible features: Overpayments up to ...

  • Status conscious

    2 Dec 2004

    Budget changes are making it easier to market offshore funds in the UK.

  • Steve Bee on Pensions

    2 Dec 2004

    I am starting to think that people like me in our industry have spent too much of our time concentrating on the way the new pension legislation will impact on the higher-paid people in the UK workforce and not enough time on how the new tax rules will complicate the lives of average pension savers and pension scheme members.

  • Talkback

    2 Dec 2004

    Should IFAs be automatically turned down if they apply for the job of Aifa director-general?"No. I think it is disgusting behaviour. It is bad enough that we have to deal with whatever the regulator throws at us without our own trade organisation sticking the boot in as well."

  • The bond plays on

    2 Dec 2004

    Retirement planning could be marching to a different beat after A-Day, reports Amanda Newman.

  • The dawn of depolarisation

    2 Dec 2004

    The FSA called time on polarisation this week, bringing an end to more than 15 years of a market that has been clearly divided between independent advisers and tied salespeople.

  • The Lynch pin of retail sales

    2 Dec 2004

    Leading investment advisers hope that new sales figures will persuade fund managers that they need to pay more attention to retail sales.

  • The Mortgage Operation - Woolwich 4.99% Fixed Rate

    6 Dec 2004

    The Mortgage OperationWoolwich 4.99% Fixed Rate

  • The not so super firms

    2 Dec 2004

    I note that 13 of the top 30 IFAs and five out of 11 of the top networks lost literally millions of pounds last year.

  • Thinc set for first multi-tie

    2 Dec 2004

    Thinc is in pole position to become the first intermediary business to offer a multi-tie with a January 15 launch date for its limited market proposition.

  • Tilney combines multi and hedge Fofs with protection

    2 Dec 2004

    Tilney Investment Management is introducing a structured product which combines a multi-manager fund of funds and a hedge fund of funds with full capital protection.

  • Timetable for depolarisation

    2 Dec 2004

    December 1, 2004Depolarisation rules take force. Transition period beginsFirms wanting to depolarise must inform the FSADepolarised firms must implement all rules simultaneouslyJanuary 14, 2005FSA rules for general insurance and protection beginNew disclosure documents and statements of client needs and demands implementedAll firms must have procedures for referring complaintsJune 1, 2005Transition period ends. All firms must comply with new rulesIFAs must use menu and new initial disclosure ...

  • Tories serve up a menu to make stamp duty fairer

    2 Dec 2004

    The Conservatives say they will offer an option menu to make stamp duty fairer for housebuyers.

  • Tories slam 'epic' cost as FSA doubles its estimates

    2 Dec 2004

    Conservative regulation tsar John Redwood has attacked the FSA's "epic" costs to implement the payment menu.

  • Tributes for stabbed L&G director

    2 Dec 2004

    Tributes have been paid to Legal & General investment managing director John Monckton who was stabbed to death in his home on Monday.

  • Two-thirds of IFAs set to use platforms

    2 Dec 2004

    Winterthur Life is predicting that over two-thirds of IFAs will be using multi-manager platforms by 2007.

  • Value-added tax planning

    2 Dec 2004

    For obvious reasons, the Government limits the amount that your clients can invest in tax-favoured investments.

  • Watchdog looms over statements

    2 Dec 2004

    Independent and tied advisers will have to provide clients with a statement of demands and needs for protection policies sold from January 14, 2005.

  • Wesleyan Assurance -Wesleyan Growth Bond

    1 Dec 2004

    Wesleyan AssuranceWesleyan Growth Bond

  • Wesleyan grows on IFAs

    6 Dec 2004

    Wesleyan AssuranceWesleyan Growth Bond

  • West LB - Performance Seeker

    7 Dec 2004

    West LBPerformance Seeker

  • Will you still need me, when I'm RU64??

    2 Dec 2004

    Post-A-day strategies are taking shape, with providers being influenced particularly by the imminent changes to the stakeholder regime and the potential for tiered levels of advice.

  • Winterthur adds Islamic pension fund

    2 Dec 2004

    Winterthur Life is adding an Islamic fund to its group pension range in a tie-up with HSBC.The portfolio is being added in response to growing demand and will be fully compliant with Sharia law.

  • Woolwich cherry picks winning indices

    6 Dec 2004

    Woolwich Plan Managers has introduced cherry picker issue 1, a guaranteed equity bond linked to a weighted basket of three stockmarket indices over a five-year term.

  • Woolwich Plan Managers - Cherry Picker Issue 1

    6 Dec 2004

    Woolwich Plan ManagersCherry Picker - Issue 1

  • Zurich adviser offshoot to be called OpenWork

    6 Dec 2004

    Zurich has unveiled the name of its new multi-tie business. First revealed in Money Marketing last month, the new business will be called OpenWork and is expected to attract between 2,200 and 2,300 of Zurichs 2,500-strong workforce.OpenWork advisers will sell Scottish Equitable pensions under a tie-up between parent Aegon and Zurich announced last week.

  • Zurich multi-tie signs up Scot Eq for pensions

    3 Dec 2004

    Zurich Financial Services has signed a deal with Scottish Equitable for the supply of pension products through its new as yet unnamed multi-tie operation.The deal will see the entire Scottish Equitable range of pensions distributed through the new multi-tie, which is expected to comprise around 2,200 of Zurichs tied advisers. It is understood the multi-tie operation will launch in the second quarter of 2005.

Poll

Should there be an RDR consumer awareness campaign?

Current Issue

Advanced search