9 December 2010
Brian Tora says that risk is all around as we look at the contrasting situations throughout the world.
Nic Cicutti says that advisers who leave the industry due to the RDR are doing so out of fear.
Amendments to the RDR must be pro-consumer for any lobbying campaign to be successful.
Sally Laker says the recession has presented a number of marketing opportunities for those in the mortgage market.
Alan Lakey says the FSA’s rationale has been breached as all the arguments in favour of the RDR have been ripped to shreds.
Matt Morris says that consumers need protection products and advice now more than ever.
John Greenwood says tippexing out pension promises would have been against all principles of fairness.
Regulator spent £107,814 on 2009 Xmas party.
ABI says cost would be significant for the industry and complicated for the consumer.
Advisers need to come up with an alternative proposal to lobby the Government effectively over minimum qualification RDR requirements, says Cicero Consulting director Iain Anderson.
Towers Watson says the Government needs to raise the personal income tax allowance to almost £10,000 in 2012 if it wants to ensure minimum auto-enrolment contributions of £50 a year.
Insurer says it has repaid £3.25m to affected customers.
Seymour-Jackson to take managing director role at the RAC.
Bestinvest launches list of favourite funds.
Brokers are concerned about the changes some major high-street lenders have made to their procuration fees and fear further reductions could follow.
CBI claims removing default retirement age leaves “legislative void”.
Non-advised protection firm Click is looking at developing a self-employed business model for staff affected by the company’s restructure.
Brokers have raised concerns about The Mortgage Works not verifying the income of buy-to-let mortgage applicants.
O’Higgins to replace Norgrove from January 1, next year.
Standard Life says ’disguised remuneration’ proposals signal the end for EFRBS and EBTs
Firms operated a bio-fuels collective investment scheme without FSA authorisation.
The Government will consider legislative options if insurers fail to improve open market option take-up.
Savers can apply to HMRC for £1.8m limit providing they cease accruing benefits before 2012.
Government proposes amendment to directive which prevents “large, occupational schemes” from taking loans.
Calls for gearing allowance to reach the pre-A-day level of 75 per cent.
Treasury Financial Secretary says he is “keeping a very open mind” on the issue.
L&G mortgages director Ben Thompson says move would stimulate the market.
BlackRock’s James MacMillan has stepped down from the £113m BGF European value fund and the group is promoting analyst Brian Hall to run the fund.
New EU rules could complicate fund selection.
Industry needs to tap into the Government’s Big Society idea to get political momentum behind boosting saving levels.
Trade bodies split on FSA decision to postpone introduction of approved person regime for mortgage brokers.
The principal of Plan Money says he has restructured the firm and changed its name from CBK to offer differing levels of service.
TSC chair Andrew Tyrie is confident FSA will pay attention to political pressure.
Norwich & Peterborough Building Society has rejected an approach from private equity firm JC Flowers to buy a stake in the mutual.
Nucleus advisers call for A4 document to be implemented across the platform industry.
OFT hits out Government plans to shape the CPMA as a strong consumer champion.
“The defined-benefit pension coffin must be more nail than wood by now.”
The Pensions Regulator is launching a consultation on its DC strategy next year ahead of the 2012 pension reforms.
Prudential will not have flexible drawdown product ready, Standard Life and Aegon both say it is unlikely.
Aifa and PFS renew calls for the FSA to offer regulatory dividends for firms working to comply with the retail distribution review.
New Aifa director general Stephen Gay says advisers and the trade body must adapt to change.
Insurance bonds, potentially exempt transfers, venture capital trusts and enterprise investment schemes among 74 reliefs under review
Experts say plans to tackle firms which artificially split their services to avoid VAT will not affect advisers who split their business between VAT-able and non-VAT-able charges.
Hoban says Government is “keen to consider” reform options.
Reform package will go ahead from April next year.
Tyrie confident regulator will heed MPs’ words.
Treasury select committee member Andy Love says the fact that some firms are regulated by two bodies will mean higher costs.
Minister says member trust would have been “seriously damaged” by changes to legislation.