Money Marketing
15 December 2004
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Improve scrutiny of life mutuals- Myners
20 Dec 2004
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1bn cash deal for exAMP closed life funds
16 Dec 2004
HHG, the company holding the former AMP UK businesses, has sold its closed life books to Life Company Investor Group for 1.025bn in cash.
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200m package could settle split-cap debacle
16 Dec 2004
A settlement for the split-capital investment trust debacle is believed to be imminent with some reports putting the package as low as 200m.
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A consumer's view
16 Dec 2004
The real effects of the Pension Protection Fund will only exacerbate the gathering crisis for scheme members.
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A multifaceted year
16 Dec 2004
So you made it then. 2004 was a tough year but not as nasty as 2003.
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Abbey launches six month fixed-rate mortgage
15 Dec 2004
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AIFA's view - Fay Goddard
16 Dec 2004
As 2004 draws to a close, it's out with the old and in with the new. We now have the final rules for depolarisation, stakeholder pensions and basic advice, not to mention a whole new set for the mortgage and general insurance sector.
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Atlantic crossing
16 Dec 2004
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B&W squares up with five by five
16 Dec 2004
BRISTOL & WEST MORTGAGES5.05% Five Year Fixed
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Bank hanging hopes on boutique business
16 Dec 2004
HSBC is undergoing a shake-up which will see it get rid of underperforming funds and focus on areas where it can make serious money.
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Berkeley Morgan is taken over by Personal Group
16 Dec 2004
Berkeley Morgan Group has been bought by Aim-listed Personal Group in a cash deal amounting to 12.3m.
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Bristol & West International goes for triple flavour
15 Dec 2004
Bristol & West International has unveiled the international guaranteed portfolio bond issue 2, a product which aims to provide income and growth through three elements.
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Britannic agrees to buy Allianz Cornhill's closed life operations
15 Dec 2004
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Brownian motion
16 Dec 2004
This week I am going to interrupt my treatise on the use of property in inheritance tax planning, following the introduction of the pre-owned asset rules, to take a look at the few aspects of the Chancellor's pre-Budget report that are of direct or indirect relevance to the financial services sector.
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BSA confirms UK housing market slowdown.
20 Dec 2004
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Can Charcol burn brightly again?
16 Dec 2004
The sale of Charcol has ignited the imagination of many lenders who remember the heyday of the mortgage intermediary firm before it was sold to Bradford & Bingley in 2000.
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Chelsea Building Society - Three Year Fixed Rate
15 Dec 2004
Chelsea Building SocietyThree Year Fixed Rate
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Commentary: The return of true price
16 Dec 2004
The collapse of the stakeholder 1 per cent annual charge has once more brought the delicate balancing act between value and price into focus.
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Commission conundrum
16 Dec 2004
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Concern mounts as IMD deadline looms
16 Dec 2004
Concern is growing that some IFAs will not be able to meet the demands of the Insurance Mediation Directive when it comes into operation on January 14, 2005.
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Confidence in property prices collapses - Pru
21 Dec 2004
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Correspondent's week
16 Dec 2004
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Crombie admits policy failure
16 Dec 2004
Standard Life chief executive Sandy Crombie has admitted to a panel of MPs that demutualisation is a result of poor management decisions rather than the fault of regulation.
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David Aaron Partnership declared in default by FSCS
17 Dec 2004
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Dead cert
16 Dec 2004
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Define time for critical cover
16 Dec 2004
In recent weeks, new entrants have entered the critical-illness insurance market and some old players have returned. This has increased the number of companies offering reviewable and guaranteed rates.
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'Demutualisation will make firm leaner and more efficient'
16 Dec 2004
Demutualisation will ensure that Standard Life is a leaner, more efficient business and will not affect its ability to write new business, says UK life and pensions chief executive Trevor Matthews.
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Digest
16 Dec 2004
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Digest
16 Dec 2004
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Digest
16 Dec 2004
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Digest
16 Dec 2004
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Digest
16 Dec 2004
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Digest
16 Dec 2004
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Digest
16 Dec 2004
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Digest
16 Dec 2004
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Duffy on Mortgages
16 Dec 2004
John Garfield being back at Charcol will please more than just local tobacconists in London WC2 - for one, the deal's equity providers, who have a CEO with a prodigious record in making corporate silk purses as well as 270-yard golf drives.
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Ellison appointed chairman of NAPF
17 Dec 2004
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Employers must raise pension contributions to 10% to avoid compulsion
16 Dec 2004
Employers need to increase their pension contributions to around 10 per cent if they are to avoid compulsion, according to the Government-sponsored Employer Task Force.
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End of year edge: Ken Davy
16 Dec 2004
2004 brought depolarisation, a big hike in the compensation scheme levy and the departure of Paul Smee from Aifa. But cheer up, it also saw M-Day pass relatively smoothly and there was even a fall in the number of FSA consultation papers.
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End of year edge: Mark Dampier
16 Dec 2004
Despite gloomy forecasts, indices are up and investors who abandoned the market for buy to let missed out on the rally. But the next few years could be tougher going for Anthony Bolton, as the rerating in smaller companies could be largely over.
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Fidelity will not enter child trust fund market
15 Dec 2004
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First Active winning 'very high market share'
16 Dec 2004
First Active is surprising mortgage brokers with the amount of exposure and volumes it is taking in the market.
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First Aid
16 Dec 2004
The political parties are vying for the FTB vote in next year's election.
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Five by five
16 Dec 2004
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'FOS is not compatible with human rights rules'
16 Dec 2004
The FSA's partial victory in a compensation dispute with an IFA has exposed the Financial Ombudsman's procedures as incompatible with European human rights legislation, says the IFA Defence Union.
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FOS must strike right balance
16 Dec 2004
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Four firms vying for Marlborough Stirling
16 Dec 2004
At least four players are reckoned to be in the bidding for The Exchange technology group Marlborough Stirling.
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FSA bans IFA over falsified review returns
16 Dec 2004
The FSA has prohibited IFA Redvers Evans from managing the regulatory activity of any authorised person following his misleading actions with regard to the pension review.
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FSA investigates BIA on whole-of-life sales
16 Dec 2004
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Glass act
16 Dec 2004
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How to restore confidence in complaints system
16 Dec 2004
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Independent view
16 Dec 2004
The BBC's disclaimer seems to be pointing everyone in the direction of IFAs but what will multi-ties make of it?
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Industry welcomes Government progress in home reversion plans
17 Dec 2004
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Investment view
16 Dec 2004
The fact that 2004 was not a runaway year could be good news for investors.
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It's the real thing
16 Dec 2004
I have built up considerable amounts of cash. Where can I get a real return from my investments, as I believe it has become harder to make certain profit due to a considerable level of volatility and unpredictability in stockmarkets?
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James Hay launches eSIPP
21 Dec 2004
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Johnston joins Chase de Vere
16 Dec 2004
Former Momentum Financial Services managing director Paul Johnston has joined Chase de Vere as managing director of the company's 60-RI private-client arm.
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Joseph
16 Dec 2004
The introduction of the child trust fund has come at an opportune time for the family of one woodworker.
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Julian Gibbs
16 Dec 2004
The Way Inheritor plans are some of the best inheritance tax mitigation plans on the market. They avoid inheritance tax completely over a seven-year period while giving the settlor access to flexible amounts of income should it be required.
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Keegan quits Barclays to lead Origen operations
16 Dec 2004
Aegon-owned IFA group Origen has recruited former Barclays Financial Planning managing director Alan Keegan as its new operations director.
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Liontrust roars in with new fund
16 Dec 2004
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Liontrust roars into action
20 Dec 2004
LiontrustLiontrust Distribution Fund
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Logo-no-go
16 Dec 2004
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Loophole opens up IHT family pension opportunity
16 Dec 2004
Homeowners can receive a higher annuity income, pay less tax and avoid IHT liabilities on their property through selling their home to family pension schemes.
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McFall welcomes Pru colour-coded letters
16 Dec 2004
Treasury select committee chairman John McFall has praised Prudential for taking action to demystify financial services for consumers by mailing colour-coded reprojection letters.
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Millfield agrees Intelliflo MBO
21 Dec 2004
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Millfield picks six for multi-tie mini-market
16 Dec 2004
Millfield is the first IFA group to finalise its multi-tie panel, with a tie-up with Axa, Friends Provident, Norwich Union, Prudential, Scottish Widows and Skandia.
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Mortgage companies warned to get ready for general regulation
16 Dec 2004
The Association of Mortgage Intermediaries is warning intermediaries to ensure they are prepared for FSA general insurance rules.
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Mortgageforce extends its use of Dashboard
17 Dec 2004
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Multi-manager view
16 Dec 2004
In the past few issues of Money Marketing, there have been some lively discussions around the high cost of multi-manager products.
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NAEA predicts a stable housing market for 2005
17 Dec 2004
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Neptune Investment Management - Neptune-Calculus Income and Growth VCT
16 Dec 2004
Neptune Investment ManagementNeptune-Calculus Income and Growth VCT
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New Star renames portfolios as Fof sales soar fivefold
16 Dec 2004
New Star is renaming three of its portfolios and offering advisers 5 per cent initial commission across its funds of funds range.
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Opra launches guide to DB schemes for employers
20 Dec 2004
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Out of context
16 Dec 2004
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'Panel will offer 20% more commission than for IFAs'
16 Dec 2004
Thinc and Destini have unveiled the first three of five providers for their multi-tie panel and confirm their merger will go ahead subject to FSA approval.
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Party on, Lansons
16 Dec 2004
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People of the year 2004
16 Dec 2004
We look back at the people who made waves in financial services in 2004.
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PFS looks to shift misselling liability
16 Dec 2004
Shifting the burden of misselling liability from IFAs to product providers will be a top priority for the Personal Finance Society when it launches in the New Year.
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Pointon York platform to support Sipp wrapper
16 Dec 2004
Pointon York is setting up a technology platform to support its Sipp wrapper and will sell it into the IFA market as a white-labelled solution.
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Portman Building Society - Two Year Base Rate Tracker
20 Dec 2004
Portman Building SocietyTwo Year Base Rate Tracker
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Product matters
16 Dec 2004
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Providers are withholding trail
16 Dec 2004
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Prudential signs multi-tie deal with Destini and Thinc
21 Dec 2004
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PwC appointed by Pensions Regulator
15 Dec 2004
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Read IFA fined 150,000 for pension unlocking
20 Dec 2004
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Rensburg in reverse deal for Carr Sheppards Crosthwaite
16 Dec 2004
Stockbroker Rensburg is merging with Investec private-client stockbroking arm Carr Sheppards Crosthwaite in a reverse takeover.
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Resolution buys Swiss Life closed book for 205m
16 Dec 2004
Closed fund administrator Resolution Life has bought the closed book of Swiss Life Group's UK business for 205m.
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Review of 2004: AIFA
16 Dec 2004
After five years of fighting the IFA corner for all he was worth, Aifa director general Paul Smee announced he would be leaving in December to join the Association for Payment Clearing Services as chief executive.
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Review of 2004: FSCS
16 Dec 2004
What was the biggest headache for IFAs in 2004? With professional indemnity premiums dropping, it has to have been the unprecedented rise in FSCS costs which soared by up to 1,000 per cent for some advisers.
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Review of 2004: Fund managers
16 Dec 2004
The year has seen the usual moves among fund managers, with one of the highest-profile movers being Clive Beagles, who quit as manager of the Newton higher-income fund in March to join JO Hambro Capital Management's new UK equity income fund.
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Review of 2004: Fund supermarkets
16 Dec 2004
Fund supermarkets had another strong year but had to come to terms with the fact that they are maybe not quite as important a distribution channel as some of them might think.
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Review of 2004: IFAs
16 Dec 2004
Well-known names in the IFA sector abandoned ship in 2004.
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Review of 2004: Investment
16 Dec 2004
Yet another Government savings initiative slipped into freefall as the Chancellor managed to ruin what was a successful product by stripping away some of the reasons for people buying them. Isa sales fell off a cliff, with the first-ever month of net redemptions.
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Review of 2004: Life offices
16 Dec 2004
The year kicked off with Standard Life taking its first step down the road to demutualisation after a bruising encounter with the FSA over accounting rules.
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Review of 2004: Mortgages
16 Dec 2004
As mortgage lenders and intermediaries lick their wounds after M-Day, the industry is still wondering whether regulation has created any tangible consumer benefits.
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Review of 2004: Mortgages
16 Dec 2004
The base rate rises this summer started the slowdown in transaction levels but the industry is almost unanimous in saying that there will be no crash.
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Review of 2004: Offshore markets
16 Dec 2004
For the first six months of 2004, the offshore market was dominated by allegations of misselling against Towry Law International.
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Review of 2004: Pensions
16 Dec 2004
Panto season starts early in the House of Commons. Pensions minister Malcolm Wicks was writer and star turn in the shenanigans that surrounded the pension protection fund. "Will it be retrospective?" - "Oh yes it will", "Oh no it won't".
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Review of 2004: PI costs
16 Dec 2004
The year started badly for IFAs struggling to get professional indemnity insurance.
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Review of 2004: Politics
16 Dec 2004
The year in politics saw pensions rocket to the top of the political agenda. The Pensions Bill saw the creation of an industry-funded compensation fund for wind-up victims and a pension regulator.
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Review of 2004: Protection
16 Dec 2004
Protection was a mixed bag, with life cover doing well but little signs of the protection gap being filled by critical-illness cover or income protection policies.
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Review of 2004: Regulators
16 Dec 2004
FSA chairman Callum McCarthy and chief executive John Tiner have come to the end of their first full year in office and have certainly managed to shake things up at the FSA.
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Review of 2004: SOFA/LIA merger
16 Dec 2004
Since the merger of Sofa and the LIA was proposed in July members and former board members have had a field day finding fault, not least with the name of the new body, the Personal Finance Society.
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Rosenberg gets Skandia mandate
16 Dec 2004
Skandia Investment Manage-ment has replaced ING with Axa Rosenberg Investment Management on the 60m European equities mandate for its multi-manager range.
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Sarasin gets it Reit
21 Dec 2004
Sarasin ChiswellSarasin CI Global Property Portfolio
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ScotEq hit with big tax bill after SSAS offshore advice
16 Dec 2004
Three senior Scottish Equitable sales consultants are undergoing disciplinary proceedings after members of a small self-administered pension scheme were introduced to offshore tax-evading plans.
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Selestia introduces new charging structure
15 Dec 2004
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Send the packager knockers packing
16 Dec 2004
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Sesame revenues down 8 per cent
20 Dec 2004
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Skipton BS changes BTL lending policy
20 Dec 2004
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Special delivery
16 Dec 2004
Anthony Bolton, the long-serving superstar manager of Fidelity's flagship special situations fund, is celebrating the silver anniversary of the fund by confirming that he will continue to run the fund until at least 2006.
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Spirit of adventure
16 Dec 2004
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Standard is set to reveal bank and adviser tie-ups
16 Dec 2004
Multi-ties are top of Standard Life's Christmas list, with the firm set to reveal deals with at least one bank and a number of IFAs in the new year.
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Standard set for New Year with bank link and IFA deals
16 Dec 2004
Standard Life is set for a tie-up with a bank in the New Year along with a number of IFA multi-tie deals.
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Stewart Ritchie on pensions
16 Dec 2004
There is one particular area of transition to the new pension regime which may be complex for large numbers of ordinary people - the protection of tax-free cash.
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Sure bet
16 Dec 2004
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Swip shape
16 Dec 2004
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Talkback
16 Dec 2004
Has 2004 been a good year for your business?
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Threadneedle enjoys Royal appointment
20 Dec 2004
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Three days that shook the life offices
16 Dec 2004
Industry relief that Chancellor Gordon Brown is extending consultation from the initial shock of just three working days on his planned raid on life fund policyholders' savings will be short-lived, as the measures are set to come into force this January.
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Towry Law says it is not up for sale
16 Dec 2004
Towry Law says it has no plans for a sell-off under the new Henderson Group structure following the sale of Henderson Life Services business.
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Ups and downs of drawdown
16 Dec 2004
This week, I will conclude my short series of articles in which I have examined and discussed the nature and the extent of the main risks involved in pension drawdown.
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Warning that Sipp clients will snub wraps
16 Dec 2004
Wrap providers' ability to take advantage of the natural restructuring of pension investment ahead of A-Day will be limited because many do not offer fully integrated pension facilities, says financial research company Defaqto.
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Weighting time
16 Dec 2004
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Where are they now...
16 Dec 2004
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Wrap launch will focus on new business
16 Dec 2004
Standard Life will launch a wrap proposition next year built around its existing Sigma and Sipp platforms.
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YFM Group - British Smaller Companies VCT C Shares
17 Dec 2004
YFM GroupBritish Smaller Companies VCT C Shares
