Money Marketing
26 January 2012
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Advisers need to pay for an effective trade body
26 January 2012
In response to last week’s column by Nic Cicutti on Stephen Gay’s departure from Aifa.
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Advisers slam Miliband cap
26 Jan 2012
Advisers slam recent political pressure on pension charges, saying it exposes a lack of knowledge among MPs of the actual fees most people are paying.
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Aegon: Our solution to trail confusion
27 Jan 2012
Steven Cameron says banning trail on post-RDR advice will hurt the consumer.
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Aifa job: 'Clark Kent would be good'
26 Jan 2012
We run the rule over some of the candidates in the frame to take on the demanding role of Aifa director general.
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An eventful year ahead for protection
31 Jan 2012
Emma Prescott says this year promises to be as eventful as the last for protection.
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Assureweb is first portal quote integration for Iress
26 January 2012
Software firm Iress has ann-ounced Assureweb as its first quotation portal integration.
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AxaWealth cutting jobs in shake-up
26 January 2012
Axa Wealth is segmenting its IFA clients as part of a restructure which puts 50 jobs at risk and will see the number of regional managers cut from nine to five.
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'Axe non-disclosure if it's in public interest'
26 January 2012
Non-disclosure arrangements for regulatory investigations should be overturned if there is a strong public interest argument, says Sir David Walker.
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Baroness fears RDR will hit annuity advice
27 Jan 2012
Baroness Greengross is preparing to lobby senior Government ministers over concerns that people with small pension pots will be unable to access independent financial advice after the RDR.
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Berry chief MacLeod targets platforms for IFA push
27 Jan 2012
Berry Asset Management chief executive Jamie MacLeod is in negotiations with a number of platforms as part of the firm’s bid to move into the IFA market.
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Call for joint annuities to be default
27 Jan 2012
Partnership is urging Government ministers to look at making joint life annuities the default option for married couples.
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Call for providers to set out assisted suicide policy
27 Jan 2012
Protection advisers have called on life companies to clarify whether they will pay out in cases of assisted suicide.
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Capita set to shut office to integrate teams
26 January 2012
Capita Financial Software is to close its Bishop’s Stortford office, with 13 staff left to decide whether to relocate.
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Chris Gilchrist: Wealth management lipstick on a pig
30 Jan 2012
Wealth management for really wealthy people has been and always will be under- taken by banks.
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Coalition cracks grow over Dilnot LTC plans
26 Jan 2012
Senior Liberal Democrat sources have raised concerns about Andrew Dilnot’s long-term care funding plans, saying the proposals are expensive, bureaucratic and regressive.
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Dividend policy
26 January 2012
Nick Purves and Ian Lance left Schroders for RWC Partners in May 2010 after building a strong track record and following on a £1bn-plus income franchise.
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Do we really need more fund launches?
30 Jan 2012
Kira Nickerson says fund groups should focus on improving the products they already have rather than introducing new ones.
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Embrace MMR
27 Jan 2012
While the FSA’s mortgage market review is not exactly a thrilling read, I must confess I found myself pleasantly surprised by most of the proposals in its 550 pages. Despite a frosty reception from many in the industry, I really cannot see any threat to intermediaries from the MMR. In fact, I believe it will go some way to strengthening our position in the marketplace.
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FE Adviser Fund Index
26 January 2012
Following a year marked by economic turmoil and growing concerns about the eurozone debt crisis, the first few weeks of 2012 seem uneventful in comparison but there is little to suggest a more positive outlook.
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Finansec joins Sesame
27 Jan 2012
Sesame has added Epping wealth management firm Finansec as a network member.
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FOS still to resolve PPI complaint after three years
26 Jan 2012
The FOS has yet to resolve a payment protection insurance complaint from 2008, over three years after it received the case.
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FSA fines US hedge fund and its owner £7.2m
25 Jan 2012
Greenlight Capital owner David Einhorn has been fined for market abuse.
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FSA takes no action in 10% of probes
26 Jan 2012
FSA figures reveal over 10 per cent of enforcement cases in 2010/11 did not result in disciplinary action.
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Fundsmith chief rejects more control of swap-based ETFs
26 January 2012
Fundsmith founder Terry Smith does not believe there should be greater regulatory control over who can buy a swap-based ETF despite his vocal concerns about the risks surrounding the products.
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Global funds widen search
30 Jan 2012
The IMA’s global equity income sector reveals the opportunity to go global for income, says Joanne Ellul
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Going the extra mile
26 January 2012
If ever there was a year that will make or break careers, it is this one and there are already signs of squabbling among platform providers.
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Happy days
26 January 2012
Have you noticed how the news is always negative, gloomy, alarmist, frightening and worrying?
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Heir trigger
26 January 2012
I have just realised that my assets are well over the inheritance tax threshold of £325,000. Can you advise my wife and I how to avoid our family from paying 40 per cent tax on our estates upon our deaths?
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In the final analysis
26 January 2012
It’s the final countdown. Some of you will remember the 1980s’ hit by Europe, which, when I heard it on the radio last week reminded me that many of us will be counting down the days and months this year to December 31.
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Invesco targeting capital securities with global fund
26 January 2012
Invesco Perpetual has launched a global financial capital fund under the management of co-heads of fixed income Paul Causer and Paul Reed and chief investment officer Nick Mustoe.
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L&C adds portfolios to platform
26 January 2012
Discretionary fund manager London & Capital has made its managed portfolios available through the Nucleus platform and is negotiating with two additional platforms.
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Leadsom calls for TSC to scrutinise Euro regulation
26 Jan 2012
TSC member Andrea Leadsom says the committee should have a stronger role in scrutinising European financial regulation.
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Listed Fohfs face battle for survival
26 January 2012
Numis Securities believes the listed multi-strategy fund of hedge funds sector is under pressure to survive following another year of disappointing returns in 2011.
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Many LTC bonds failing to provide for clients' needs
26 January 2012
Investors who bought bonds they hoped would pay for long-term care until they died are facing demands for tens of thousands of pounds from product providers as a result of poor investment performance and rising costs.
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MetLife in guarantee link-up with BlackRock
26 Jan 2012
MetLife UK is linking with BlackRock to launch a range of unit linked guarantee retirement products.
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MM Leader: Change focus to access to advice
26 Jan 2012
As we move towards the implementation stage of RDR, political attention should turn to address the fallout of the FSA’s plans in terms of consumer access to advice.
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MM Profile: Jane Vass
26 January 2012
The head of public policy at Age UK believes the ageing population should be viewed as an opportunity rather than a problem and she is pressing for social care reforms and other changes to improve the quality of life for older people Interview by Rachael Adams
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Morgan Stanley sells Quilter
26 January 2012
Morgan Stanley Smith Barney is selling wealth manager Quilter to private equity firm Bridgepoint.
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MP: Show taxpayers how their money will be spent
26 January 2012
Conservative MP Ben Gummer is calling for the Government to introduce taxpayer statements explaining to people how their taxes will be spent.
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Multi- manager View
26 January 2012
In response to the after-math of World War I, British Prime Minister David Lloyd George was quoted as saying: “The economic mechanism of Europe is jammed”. Such a logjam of financial markets currently threatens to take hold if a credible solution to the current eurozone troubles is not forthcoming.
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Multi-faceted
26 January 2012
Marlborough’s multi-cap fund targets small firms and spreads holdings to reduce risk
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New legal service launched for IFAs
27 Jan 2012
Financial services barrister Peter Hamilton has launched a specialist legal advice service for advisers and financial services firms.
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Nic Cicutti: The right price for advice
27 Jan 2012
Nic Cicutti says many advisers fail to explain what they do for the money they are paid.
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Open and shut case
30 Jan 2012
The webcast, to which I referred in last week’s musings on the investment scene, was interesting for a variety of reasons. It is now nearly a year since I started moderating these discussions aimed at educating the adviser community on closed-ended funds in preparation for the RDR. Questions flowed in thick and fast, many on the comparison between investment trusts and open-ended vehicles.
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Out of context
26 January 2012
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Over 1,000 homes sold through FirstBuy
27 Jan 2012
The UK’s three biggest house builders have sold a total of 1,250 homes through the Government’s FirstBuy scheme in its first four months.
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Paul Farrow: The push for simple products
31 Jan 2012
It would seem that many firms have had enough of FSCS costs.
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Pensioners' ties that bind
27 Jan 2012
Paul Thomas says there is widespread doubt that the Government can convince pensioners to move out of their homes and into rented property
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Prognosticators and podiums
30 Jan 2012
Roadshow season, which seems to kick off earlier every year, has proved disorienting - and not really because within 10 days I have chaired events in Glasgow, Harrogate, Warrington, Birmingham, Bristol, New-market and London. No, it is more that the flood of macroeconomic forecasts of impending gloom and doom with which we began the year suddenly gave way to the cheerier outlooks of the various fund managers on Unique Boutiques 2012.
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Public value financial advice at £39 per hour
26 January 2012
A gap is emerging between what consumers expect to pay for advice and what advisers need to charge to be profitable.
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RBS to pay £2m fine over Direct Line and Churchill altering complaint files
26 January 2012
The FSA has fined RBS subsidiaries Direct Line Insurance and Churchill Insurance Company £2.2m for altering customer complaint files before passing them to the regulator to be reviewed.
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Seis the day
26 January 2012
The first quarter in any year has a strong tax planning focus.
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SJP looks to recruit mature students
26 January 2012
St James’s Place is targeting mature students wanting to make a career move into financial advice to boost its recruitment activity.
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Standard aims for small firms
26 January 2012
Standard Life Investments has launched a global smaller companies fund for head of smaller companies Harry Nimmo.
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Standard of service
26 Jan 2012
Standards are important and that is why I find Twitter such a challenge. I have no interest in people’s kittens running over keyboards and one more comment on exercise machines may push me over the edge but part of the problem is that tweets are limited to 140 characters.
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The bank job
26 January 2012
The downgrade of French debt and eight other eurozone sovereigns by Standard & Poor’s has grabbed headlines but the decision of the European Central Bank in December to engage in large-scale, three-year, longer-term refinancing operations (LTROs) is probably more important for markets, marking a distinct new phase in the euro crisis.
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Tory MEPs turn on Cameron's 'veto'
31 Jan 2012
Conservative MEPs attack ’veto’ which they say turned out to be nothing of the kind.
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True Potential wants 200 advisers by end of 2012
27 Jan 2012
True Potential is looking to increase its national IFA proposition from 15 advisers to 200 by the end of the year.
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TSC will question Sants over PRA role
31 Jan 2012
TSC says it will digest evidence from Sants over RBS failure ahead of grilling over new role at PRA
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Tweet us for chance to win RDR book
26 Jan 2012
Chris Davies, director at Consultancy Engage Partnership, has written what he says is the first book about the retail distribution review
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Two-year fixes at a five-month high
26 Jan 2012
The average price of a two-year fixed-rate mortgage has reached its highest level since August at 4.27 per cent.
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Tyrie says BoE plan fails to tackle issue of accountability
26 January 2012
Treasury select committee chair Andrew Tyrie has slammed proposals to increase accountability within the Bank of England, saying they do not go far enough to address the committee’s concerns.
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Urgent clarity needed on FSA's trail stance
26 Jan 2012
Calls for guidance document to be clarified beyond doubt.
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Virgin plans to double Northern Rock lending
26 Jan 2012
Virgin Money plans to double the value of mortgage lending that Northern Rock advanced.
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Webb looks at lifting Nest constraints
26 January 2012
Pensions minister Steve Webb says he is “reflecting” on whether or not to remove restrictions placed on the national employment Savings Trust.
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What are the best funds for income?
30 Jan 2012
Using total returns to assess equity income fund performance does not always identify the best sources of income.
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Woolwich adds plausibility check
27 Jan 2012
Woolwich has tightened its interest-only criteria by introducing a “plausibility” check to ensure a customer’s repayment plan will be able to repay the mortgage at the end of the term.
