Money Marketing
Online - December 2009
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RBS 90% LTV is 'a bonus to borrowers'
10 Dec 2009
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2plan completes disaster recovery trial
4 Dec 2009
2plan Wealth Management has completed a two-way disaster recovery trial in the event of losing its data.
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40% of consumers unaware of protection needs, says Swiss Re
3 Dec 2009
The latest Swiss Re Insurance report reveals over 40 per cent of consumers believe they do not need life or income protection insurance.
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48,000 pensioners forced to sell home to fund LTC
18 Dec 2009
Research by the Liberal Democrats reveals 48,000 people currently in care homes were forced to sell their homes to pay for long-term care this year.
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5,000 bankers to earn more than £1m in 2009
3 Dec 2009
City minister Lord Myners says 5,000 bankers will earn more than £1m this year.
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66% of IFAs started QCF level four study in 2009, says NMG
7 Dec 2009
NMG says the move towards higher professional standards gained momentum in 2009.
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84% of IFAs will remain independent post-RDR, says Scottish Widows
3 Dec 2009
Scottish Widows says only 5 per cent of IFAs intend to offer restricted advice after 2012.
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A damp squib
10 Dec 2009
Justin Modray says the PBR could have been much harsher.
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Abbey For Intermediaries - Three Year Fixed Rate Remortgage
4 Dec 2009
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Abbey For Intermediaries - Three Year Fixed Rate Remortgage
17 Dec 2009
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Abbey For Intermediaries - Two Year Tracker Mortgage
4 Dec 2009
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Abu Dhabi offers Dubai World £6.2bn bailout
14 Dec 2009
Dubai’s neighbour offers struggling state-owned holding company multi-billion lifeline.
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Acuity Capital - Acuity Environmental VCT and VCT 2 Linked Offer
16 Dec 2009
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Acuity links environmental VCTs
21 Dec 2009
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Adviser hits out at CII's fee for credits
2 Dec 2009
Richard Blackshaw says the CII should not charge a fee for exam credits where qualifications are awarded by another body.
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Adviser hopes and fears for pre-Budget report
9 Dec 2009
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Aegon pays back £1.1bn to Dutch government
1 Dec 2009
Dutch insurer pays back a third of its state aid.
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Aegon UK reshuffles senior risk and finance roles
7 Dec 2009
New finance director and chief risk officer as provider admits need to improve return on capital.
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AIC appoints Ian Sayers as director general
17 Dec 2009
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Aifa seeking legal advice following news of Keydata IFA burden
15 Dec 2009
Trade body calls for review of FSA authorisation processes after FSCS classifies Keydata in the intermediation category.
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AIG set to sell Alico
2 Dec 2009
US insurer begins steps to sell off its international insurance arm.
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Analyst "nervous" about outlook for Henderson
18 Dec 2009
Jefferies International says it has concerns over the outlook for the asset management firm.
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Annuity rates should surge after gilt price plunges
11 Dec 2009
Annuities likely to benefit as pre-Budget report debt figures push gilts into freefall.
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Arrest made over £20m investment fund probe
7 Dec 2009
A 58-year-old man is arrested in relation to fraud and money laundering offences.
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Ashburton Asia Pacific equity fund to focus solely on Japan
10 Dec 2009
Ashburton’s Asia Pacific equity fund rebrands as the Japan equity fund.
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Aviva appoints non-exec director
10 Dec 2009
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Aviva channels small pensions to rival firms
2 Dec 2009
Provider channels pots of less than £30,000 to referral service offering panel of providers.
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Aviva Investors expands structured product range
18 Dec 2009
Aviva to add third Oeic structure to product range.
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Aviva re-opens European property fund
16 Dec 2009
Aviva resumes trading on property fund after 13 months.
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Aviva warns of "hokey cokey" on Standard Life pensions
8 Dec 2009
Rival says there are questions to answer regarding Standard’s personal pension shift.
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AWD Chase de Vere appoints Stephen Kavanagh as CEO
18 Dec 2009
AWD Chase de Vere appoints Stephen Kavanagh as chief executive officer.
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Axa enhances CI plan
4 Dec 2009
Axa has enhanced its critical illness plan by reducing premiums and improving definitions.
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Axa Winterthur - The One From Winterthur
2 Dec 2009
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Axa Winterthur updates The One
7 Dec 2009
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Bank bailout could have been dodged if bonuses 20 per cent lower
18 Dec 2009
The Bank of England says the crisis could have been avoided through lower bonuses.
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Bank remuneration code will not extend to IFAs, says FSA
8 Dec 2009
The regulator says its focus will be on making sure banks’ pay codes are compliant.
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Bank reveals downgrade concerns
14 Dec 2009
BoE’s quarterly review says investor fears are forcing up gilt yields.
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Barclays Wealth launches new lock-in plan
21 Dec 2009
Barclays unveils new structured product.
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Barings prepares to launch delayed Mena fund
14 Dec 2009
Fund set for launch in first quarter of 2010.
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BBA slams Sarkozy over EU commissioner comments
2 Dec 2009
The BBA has weighed into the spat between the French President and the UK Government.
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Beringea - ProVen growth & Income VCT Top Up
17 Dec 2009
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Beringea - ProVen Health VCT
14 Dec 2009
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Beringea - ProVen VCT Top Up
18 Dec 2009
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Best Practice selects Nucleus wrap
21 Dec 2009
Best Practice Chartered Financial Planners has selected Nucleus as its fourth platform provider.
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BlackSquare Capital - IFSL Blacksquare Multi-Manager Absolute Return Fund
7 Dec 2009
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Blacksquare sorts absolute return wheat from chaff
16 Dec 2009
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BoE says UK "significantly" more financially stable
18 Dec 2009
Government support for the banking system has underpinned recovery.
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Bonus tax could hit property sales
10 Dec 2009
First Action Finance’s Jonathan Cornell says the 50 per cent tax is bad news for property which normally gets a boost in bonus season.
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Bravura appoints new non-exec director
16 Dec 2009
Bravura Solutions has appointed Brian Mitchell as a non-executive director.
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Brits put house insurance before life/CI cover, says Scot Prov
17 Dec 2009
Research shows 71 per cent of Brits have household insurance, compared to just 15 per cent who have critical illness cover
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Brown calls on regulators to name staff earning over £150k
7 Dec 2009
Prime Minister Gordon Brown has announced a further £12bn of spending cuts today which included calls for regulators to be more transparent on pay.
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Brown to announce £12bn spending cuts
7 Dec 2009
The Prime Minister is expected to announce plans to cut public spending in advance of Wednesday’s pre-Budget report.
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Bupa enhances group IP plan
8 Dec 2009
Bupa is enhancing its group income protection plan by introducing an early intervention service into its claims process.
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Bupa pays 89% of CI claims
7 Dec 2009
Bupa paid 89 per cent of all critical illness claims during the first three quarters of this year.
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Business of advice - Well designed service gives competitive advantage
23 Dec 2009
In this extract from the Taxbriefs book Business of Advice, author David Shelton explains the need for clear pricing.
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BVI signs tax agreements with China and Ireland
8 Dec 2009
British Virgin Islands’ latest tax agreements bring total to 17.
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Cameron will force MPs and peers to pay tax in UK
14 Dec 2009
The Conservative leader promises to introduce the legislation quickly if they win the next election.
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Canada Life and Aegon poised to launch postcode annuities
1 Dec 2009
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Capita adds business/PMI protection facility to Webline
1 Dec 2009
Capita Financial Software has added a new business term protection and private medical insurance feature to its quote system.
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Capita to distribute cru assets
7 Dec 2009
Suspension of funds, which have fallen an estimated £140m in value since March, will not be lifted and distribution will take between three and five years.
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Cazenove to acquire discretionary manager Thornhill
11 Dec 2009
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Chancellor will not move on bonus tax
15 Dec 2009
The Chancellor will not water down the supertax on bonuses despite warnings of a City exodus.
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Chelsea Building Society set to merge with Yorkshire
1 Dec 2009
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Claims chaser ad banned by advertising standards
17 Dec 2009
Claims Warehouse failed to substantiate claims about the likelihood of writing off unenforceable debts.
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Closing the gap
15 Dec 2009
Martin Werth asks whether or not today’s RDR paper will help close the £2.3tn protection gap.
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CML's Coogan says MMR "largely irrelevant"
16 Dec 2009
CML director general says “treatment could harm the patient”.
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Cofunds unveils 120 funds on guided architecture panel
16 Dec 2009
Cofunds unveils 120 funds on guided architecture panel
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Competitive issues for RBS
3 Dec 2009
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Consumers rate IFAs top in terms of fairness
15 Dec 2009
Nottingham University Business School research shows consumers rate IFAs the “most fair” of the financial services professions.
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Court rules Standard Life must pay out pensioner for sterling fund loss
16 Dec 2009
The insurer has been ordered to pay out to individual who lost money before the revaluation.
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cru cells face further delay
7 Dec 2009
Publication of the net asset value of underlying cru cells set for December.
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Darling admits national debt will cost £60bn to service
16 Dec 2009
Chancellor will admit debt interest will spiral over the next four years.
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Darling concedes to Europe over bank bailouts
4 Dec 2009
The UK Government has backed down over European proposals to dictate national bank bailouts.
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Darling considering tax on pension gains
7 Dec 2009
The Chancellor may impose a tax of up to 50 per cent at next week’s PBR, according to reports.
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Darling issues warning to new French EU regulation chief
2 Dec 2009
Move follows French president Nicolas Sarkozy’s call for the victory of the European model of financial services.
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Darling may tax bank bonus pools 50%
9 Dec 2009
The Chancellor’s planned windfall tax on bank bonus pools could be as high as 50 per cent.
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Darling plans windfall tax on bonuses
7 Dec 2009
The Chancellor Alistair Darling says he “will not be held to ransom” by banks who continue to pay high bonuses.
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Darling set to cut spending by 14%
9 Dec 2009
Chancellor also expected to push through plans for a one-off tax on bank bonus pools.
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Darling to delay personal accounts launch by a year
9 Dec 2009
Chancellor is tipped to put back introduction of personal accounts by one year.
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Darling urges bankers to show restraint
17 Dec 2009
The Chancellor says bankers should demonstrate they “live on the same planet as the rest of us”.
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Deutsche Bank to "globalise" bank bonus tax
18 Dec 2009
The investment bank says it is unfair to treat UK bankers differently from overseas staff.
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Director of financial adviser fined £75,000 and banned for lying to FSA
17 Dec 2009
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Do extra CI conditions add value for consumers?
23 Dec 2009
Alex King looks at how best to combine value and quality when it comes to critical illness cover.
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Downing Corporate Finance - Absolute Income VCT 2
22 Dec 2009
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DWP axes collective DC scheme idea
15 Dec 2009
The DWP says the risk-sharing method risked “unacceptable intergenerational unfairness”.
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ECB to start withdrawing emergency bank support
4 Dec 2009
The European Central Bank is to begin withdrawing its support for the European’s financial sector.
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Editor's view - FSA consultation on corporate pensions is sexed up
21 Dec 2009
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Eight out of 10 for Gilliat
17 Dec 2009
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Elderstreet Investments - Elderstreet VCT
14 Dec 2009
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End arbitrage between corporate pensions, says Friends
17 Dec 2009
Friends Provident wants the FSA to go further to remove discrepancies between occupational schemes and GPPs.
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Enterprise Group goes into administration
1 Dec 2009
Enterprise Group has gone into administration but Enterprise Finance is still operating.
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Equity markets unfazed by Dubai crisis, says Skandia
9 Dec 2009
Skandia says economic consequences of Dubai appear “minor.”
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EU approves RBS restructure
14 Dec 2009
The European Commission has approved the restructuring of RBS.
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Exact says up to £30bn wiped off UK mortgage portfolios
7 Dec 2009
The third-party administrator says as much as £30bn of value has been wiped off UK mortgage books.
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Ex-L&G account director returns from Pru Protect
1 Dec 2009
Former L&G national account director returns to the provider from Pru Protect.
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F&C private equity acquires Landsbanki interests
14 Dec 2009
F&C’s private equity fund of funds division acquires Icelandic bank Landsbanki’s private equity fund interests.
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Father and son sent to prison for insider dealing
10 Dec 2009
Father and son face 24 months and 12 months in jail respectively.
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Fidelity - Multi-Asset Defensive Fund
23 Dec 2009
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Fidelity - Multi-Asset Growth Fund
22 Dec 2009
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Fidelity mulls closed-ended structure for Bolton China fund
11 Dec 2009
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Finsbury Growth & Income Trust to broaden remit
18 Dec 2009
Finsbury Growth & Income Trust proposes a change in investment policy.
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Firms' confidence levels hits a high, says Lloyds
16 Dec 2009
A survey by Lloyds reveals confidence levels in British businesses has reached its highest level since December 2007.
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Fitch says major UK bank ratings should not be hit by Dubai
1 Dec 2009
HSBC, Royal Bank of Scotland, Lloyds Banking Group, Barclays and Standard Chartered ratings unlikely to be directly impacted from Middle East exposures.
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Fitch warns of Chinese lending boom
15 Dec 2009
Ratings agency says rapid growth may lead to riskier lending in China.
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Former Octopus employee convicted of £110,000 fraud
17 Dec 2009
John Campbell has been given a 12 month suspended sentence and 200 hours of community service for a fraud committed against the company.
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Fortis offers IFAs 10% extra commission online
15 Dec 2009
The discount is given on all term assurance, critical illness and income protection cases online.
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FOS rules against adviser over Arch cru fund recommendation
15 Dec 2009
Financial Ombudsman Service rules against adviser who placed £100,000 investment for ‘low to medium’ risk client into CF Arch cru investment portfolio.
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Fraud Office swoops on 19 properties in commercial loans fraud
3 Dec 2009
Six suspects arrested in international commercial loan fraud probe.
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Friends corporate platform roll-out to include execution-only Sipp and DB investment functionality
14 Dec 2009
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Friends Prov International appoints regional sales manager for Middle East
22 Dec 2009
FPI announces appointment for Middle East region.
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Friends Provident buys German distribution firm
18 Dec 2009
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FSA and OFT to work together under "flexible" MoU
9 Dec 2009
The FSA and the Office of Fair Trading are changing the way they collaborate on financial services issues.
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FSA appoints Graham Halliday as retail banking adviser
11 Dec 2009
The regulator brings in former Natwest regional managing director to advise on retail banking.
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FSA appoints Yorkshire chief as Practitioner Panel chairman
7 Dec 2009
Yorkshire Building Society chief executive Iain Cornish takes over from Nick Prettejohn as Financial Services Practitioner Panel chairman.
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FSA bans "incompetent" mortgage partner
16 Dec 2009
The FSA has banned Nighat Mirza, a partner at a Manchester-based mortgage brokerage, for lacking competence and for failing to manage the firm’s affairs properly.
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FSA bans lying insurance broker brothers
2 Dec 2009
Banned Essex brothers hid fraud conviction from the FSA.
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FSA bans mortgage and insurance broker
7 Dec 2009
The FSA says broker Aaron Nickols failed to treat customers fairly and allowed staff to use high-pressure sales techniques.
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FSA bans mortgage broker for TCF failings
1 Dec 2009
Northern Ireland mortgage broker Noel Heaney is banned for “wide-ranging management and control problems”.
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FSA communications director John Murray quits
4 Dec 2009
Murray will leave the regulator in December after four years as director of communications.
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FSA fines up 53%, says RPC
21 Dec 2009
The FSA issued £34.8m worth of fines in 2009, with the average fine rising 97 per cent to £891,000, according to City law firm.
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FSA introduces reverse stress testing requirement
11 Dec 2009
The regulator says banks, building societies, insurers and investment firms must carry out reverse stress testing.
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FSA may investigate accelerated drawdown firms
4 Dec 2009
FSA warns firms must take “great care” when marketing products designed to run down pension funds.
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FSA scraps independent professional standards board
16 Dec 2009
The FSA is expected to announce that it will take on the professionalism watchdog role.
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FSA tightens prudential rules for banks
10 Dec 2009
The FSA clamps down on banks following amendments to the EU Capital Requirements Directive.
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FSCS appoints new director of operations
16 Dec 2009
Kate Bartlett joins as director of operations on February 1.
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FSCS declares two credit unions in default
7 Dec 2009
The Financial Services Compensation Scheme has so far received 260 claims after declaring Hull Northern Credit Union Limited and Derby City Credit Union Limited in default.
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FSCS to start paying some structured product claims
11 Dec 2009
FSCS to start paying out compensation claims against structured product providers NDFA, DRL and Arc Capital & Income.
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Fund manager Simon Brazier leaves Schroders
21 Dec 2009
Schroder UK equity fund manager quits firm after 11 years.
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G20 arsonist who tried to set fire to RBS jailed
8 Dec 2009
A man has been sentenced to two years in jail for attempting to set fire to Royal Bank of Scotland during the G20 protests.
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Gartmore shares dip below offer price
14 Dec 2009
Shares in UK fund manager Gartmore sink below IPO offer price of 220p set last week.
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Gibbs’ funds raise £342m in pre-launch period
15 Dec 2009
Assets raised include £153m worth of switches from Jupiter financial opportunities fund.
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Gifford leaves Omam
2 Dec 2009
Stephen Message takes over on funds.
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Gilliat Financial Solutions - 50/50 Deposit Series Issue One
10 Dec 2009
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Gilliat launches 50/50 deposit series
10 Dec 2009
Gilliat unveils deposit based product.
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Gilliat links account and structured product
15 Dec 2009
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GLG managers to take charge of Asia Pacific fund
1 Dec 2009
GLG managers replace SG on GLG Asia Pacific fund.
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Goldman suspends cash bonuses for top 30 executives
11 Dec 2009
US bank to offer shares vesting over a five-year period instead of bonuses.
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Government proposes client asset regulator
16 Dec 2009
Treasury paper says new regulator would be responsible for the oversight of investors’ money.
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Govt extends free advice for those facing repossession
15 Dec 2009
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Govt looks to top banks for small business funding
8 Dec 2009
The Government is lobbying top international banks to put up billions of pounds for a state-backed fund for small businesses.
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Govt takes on £167bn of RBS foreign bad debt
8 Dec 2009
UK Taxpayer underwrites billions of foreign debts as RBS enters into the Asset Protection Scheme.
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Gross mortgage lending drops 10 per cent in November
18 Dec 2009
The expected seasonal decline is larger than normal.
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Haart Estate Agents rapped by Advertising Standards
9 Dec 2009
Direct mailing calling for urgent reply was said to cause “undue distress” to homeowner.
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HBOS uses fake name to hide £500,000 event
17 Dec 2009
The state-backed bank booked a 3,000-head event under the name “One Team”.
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Hedge fund manager to net £1.5bn from battered banks
23 Dec 2009
US manager invests at low point to make massive return.
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Helvetia Wealth acquires two UK asset management firms
4 Dec 2009
Wealth manager Helvetia Wealth increases presence in UK with two acquisitions.
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High Court restricts Pensions Ombudsman on time limits
9 Dec 2009
The Ombudsman can no longer take a more liberal approach on time limits than the courts.
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High Court winds up unauthorised share selling firm
18 Dec 2009
Minerva Corporate Development Limited wound up after breaching the Financial Services and Markets Act.
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HMRC confirms bonus tax will not hit non-banks
21 Dec 2009
Asset managers, stockbrokers and insurance companies escape Darling’s one-off 50 per cent tax on bank bonuses.
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House prices continue to rise
1 Dec 2009
Nationwide says average November prices were 2.7% above 2008 figures.
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House prices to remain stagnant in 2010, says Halifax
8 Dec 2009
Bank reveals fifth consecutive price rise in 2009, but says faltering economy will stall market next year.
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House purchases highest since Dec 2007
10 Dec 2009
The CML has released figures showing that house purchases reached their highest level since December 2007.
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Households put aside record monthly savings
23 Dec 2009
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Housing minister says homeownership dream may be over
11 Dec 2009
Govt minister hits out at first-time buyers who use parental assistance.
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HSBC ends mortgage trial with John Charcol
3 Dec 2009
The bank says it will be focusing on its direct mortgage proposition in the future.
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HSBC Openfunds reach top quartile at three-year anniversary
17 Dec 2009
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Hung Parliament will mean AAA downgrade
11 Dec 2009
Citibank says without decisive Government, rating agencies will downgrade the UK.
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IFA Chadborn warns on STP systems
8 Dec 2009
CBK Colchester principal Peter Chadborn says insurers could cut corners when using straight through processing systems.
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IFA firm Tenon launches wealth platform
7 Dec 2009
Tenon Financial Services has launched a discretionary wealth platform powered by SEI.
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IFA gorillas are a bad joke
7 Dec 2009
Chris Gilchrist explains why he believes national IFA firms will never work.
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IFA reputation bolstered by the financial crisis, says Nucleus
4 Dec 2009
A poll of member firms shows belief the crisis has had a positive impact on IFA reputation.
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IFAs "unwitting pawns" in offshore investment scam
22 Dec 2009
Sham investment scheme used overseas IFAs, paid 4-6% commission, as “unwitting pawns” in the fraud.
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IFAs using risk profiling tools set to increase, says Skandia
3 Dec 2009
Research shows 51 per cent of IFAs expect to do more business using risk profiling and asset allocation tools next year.
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IFG Group to buy James Hay for £35m
9 Dec 2009
IFG Group to buy James Hay from Santander for £35m.
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IHT increases could be on the way in next week's PBR
4 Dec 2009
FT reports that IHT could be one of the tax rises announced in next week’s pre-Budget report.
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IMA slams personal accounts delay
10 Dec 2009
Saunders says phasing timetable could add complexity.
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Inflation close to Bank target
15 Dec 2009
CPI reaches 1.9% in November, closing in on the MPC’s 2% target.
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Ingenious Media Investments - Ingenious Entertainment VCT 1 and VCT 2 D Shares
21 Dec 2009
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Insight to close five Oeics
10 Dec 2009
Insight to close five equity oeics in February pending FSA approval.
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Insurers should pay more non-disclosure claims, says Law Commission
15 Dec 2009
New laws proposed by the Law Commission could see insurers pay out claims even if policyholders non-disclose on their application form.
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Intelliflo announces two senior appointments
7 Dec 2009
The technology firm has appointed Sophie Hall as director of distribution and Mike Rawnsley as sales executive.
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Investec Structured Products - FTSE 100 3-Year Deposit Plan 14
23 Dec 2009
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Iveagh wealth fund launches Isa
3 Dec 2009
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Japan announces £49bn stimulus
8 Dec 2009
Government to pump 7.2 trillion yen into the Japanese economy in an attempt to get households and businesses spending.
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JLT becomes top four EBC with HSBC Consultants and Actuaries buy
1 Dec 2009
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JLT Group acquires HSBC Actuaries and Consultants Limited
1 Dec 2009
Employee benefits firm JLT Group has acquired HACL, which has 2008 revenues of £40m and 440 employees.
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John Charcol is late in filing 2008 accounts
2 Dec 2009
John Charcol is late in filing its 2008 full year accounts to Companies House.
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Jubilee introduces early redemption plan
9 Dec 2009
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Jupiter - Absolute Return Fund
15 Dec 2009
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Jupiter - International Financials Fund
15 Dec 2009
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Jupiter creates funds for Gibbs
22 Dec 2009
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Jupiter to launch European absolute return Sicav
18 Dec 2009
New fund set for launch in January 2010.
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Jupiter’s Gibbs: “The name of the game is recovery”
9 Dec 2009
Jupiter’s Philip Gibbs says the economy is picking up and that valuations in financials are compelling
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Jury still out on quantitative easing
1 Dec 2009
Bank of England figures leave economists in the dark over QE success.
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Keydata FSCS claims may cost £50m- advisers hit with new levy
15 Dec 2009
FSCS warns of further levy as it estimates Keydata claims will cost the industry between £25m-50m.
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L&G appoints head of third party sales
9 Dec 2009
L&G Unit Trust Managers announce sales appointment.
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L&G appoints John Stewart as chairman
2 Dec 2009
Stewart will take over from Sir Rob Margetts in March.
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L&G plans New Year launch for individual DB buyout product
3 Dec 2009
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L&G ponders move outside EU
21 Dec 2009
Legal and General is considering moving its corporate operations outside Europe to avoid Solvency II.
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Labour cops out on pensions crisis
10 Dec 2009
Brian Wood says the Government’s pre-Budget report is a “political fudge”.
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LGIM poaches F&C’s Paul Murray as head of investment risk
10 Dec 2009
LGIM hires new head of investment risk.
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LibDems say Tata has Pada "over a barrel"
14 Dec 2009
The news that another administrator has pulled out of the personal accounts bidding process is an “alarming development”.
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Lighthouse directors increase ownership through EBT allocations
9 Dec 2009
Lighthouse Group directors David Hickey and Malcolm Streatfield increase their stakes in the firm.
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Live webchat at 2pm: How will the RDR affect you?
1 Dec 2009
Informed Choice chief executive Nick Bamford and L&G commercial director Danny Wynn discuss the impact of the RDR on your business.
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Long, hard winter for gilts, says BarCap
10 Dec 2009
Heavy supply coupled with market fears means gilt yields will increase going into 2010.
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LSE acquires stake in rival trading platform
21 Dec 2009
LSE acquires controlling stake in trading platform to increase its presence in Europe.
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Macquarie and Meteor team up for infrastructure linked plan
2 Dec 2009
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Macquarie launches portfolio tool on platform
10 Dec 2009
Macquarie has launched a portfolio tool on its wrap platform to help advisers understand data more easily.
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Man jailed for £3m Ponzi fraud
23 Dec 2009
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Marketing easier for Apollo funds with one year record
18 Dec 2009
Multi-asset multi-manager confident now funds have track record.
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Martin Currie adds hedged share class to Japan funds
9 Dec 2009
Martin Currie adds new hedged yen share class.
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Millionaire Lord accused in £12m commercial loan fraud
8 Dec 2009
Socialite Lord Davenport, who hosted parties for the likes of Naomi Campbell and Kate Moss, is one of those charged with involvement in the fraud.
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Miton directors scrap buyout plan
7 Dec 2009
Group to attract new talent and develop fund range after announcing plans to sell wealth management business.
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Money Marketing panel give their pre-Budget predictions
8 Dec 2009
Money Marketing’s pre-Budget panel offer their predictions for tomorrow’s PBR.
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Moody’s warns Britain facing fiscal crisis
9 Dec 2009
Moody’s sounds alarm ahead of PBR.
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Moody's expresses concerns over Yorkshire/Chelsea merger
2 Dec 2009
The ratings agency says there are risks of integrating the two building societies.
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Morgan Stanley - FTSE Best Entry Growth Plan
2 Dec 2009
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Morgan Stanley - FTSE Protected Growth Plan 31
9 Dec 2009
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Morgan Stanley appoints new president of investment business
14 Dec 2009
Former Merrill Lynch chief operating officer Gregory Fleming appointed president of Morgan Stanley Investment Management.
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Morgan Stanley launches structured Oeic for discretionary asset managers
1 Dec 2009
Morgan Stanley launches structured Oeic.
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Morgan Stanley predicts rate freeze until Q4 2010
3 Dec 2009
Analysts believe bank rate will stay at 0.5% for most of next year.
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Mortgage Brain acquires software platform from Enterprise Group
10 Dec 2009
Mortgage Brain has bought The EdgeV2 software platform.
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Mortgage lending up 20% in Q3 2009
15 Dec 2009
FSA says net lending rocketed over the third quarter of the year.
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Mortgage Times to enter administration
21 Dec 2009
Employees at the network have been told today that the company is about to be placed into administration.
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MPC member Posen considers house price stabilisers
1 Dec 2009
US economist and MPC member Adam Posen says regulatory controls on real estate booms could dampen future downturns.
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MPC votes to hold base rate at 0.5 per cent
10 Dec 2009
The Bank of England is holding base rates at 0.5 per cent.
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MPC was unanimous in holding base rate
23 Dec 2009
Members of the committee also voted unanimously in favour of continuing with £200bn of asset purchases under the quantitative easing programme.
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MPs to consider Glass-Steagall banking model
8 Dec 2009
Treasury select committee will question whether banks have become ‘too big to fail’ in 2010.
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Nations need to consolidate debt fast, says Moody's
15 Dec 2009
Ratings agency says will be UK one of many nations with AAA downgrade risk in 2010.
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Nationwide - Two Year Fixed Rate Mortgage With Reservation Fee
11 Dec 2009
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Nationwide cuts fixed and tracker rates
15 Dec 2009
The building society is cutting rates by up to 0.29 per cent.
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NDFA to recommence income payments
3 Dec 2009
NDFA to recommence income payments within next few days.
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Neptune calls for Isa tax rethink
7 Dec 2009
Investment manager says Isa tax breaks aren’t helping enough people.
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New mortgage lending up £3.3bn in November
23 Dec 2009
Figures from the British Bankers’ Association show lending held up last month.
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Newcastle Intermediary Services - Guaranteed Capital Return Account Issue 3
18 Dec 2009
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Newton changes benchmark on global dynamic bond fund
1 Dec 2009
Newton changes benchmark to show real returns as opposed to viewing a relative return against a customised benchmark.
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NICE rejection of Avastin emphasises two tier health service says AMII
3 Dec 2009
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Northern Rock announces new board
15 Dec 2009
Ron Sandler becomes chairman of new Northern Rock while Richard Pym chairs Northern Rock Asset Management.
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Northern Rock shares deemed worthless
9 Dec 2009
Independent valuer says NR shareholders should not be entitled to compensation.
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Northern Rock starts legal and capital restructure
8 Dec 2009
Northern Rock will complete the restructuring of the company by January 1 2010.
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Novia launches pension transfer software on platform
17 Dec 2009
Users of the Novia platform can now access report generation software to illustrate and document pension transfers.
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Novia launches portfolio analysis tool
4 Dec 2009
The tool compares portfolios held off the platform against those held on Novia.
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Now listen a little more FSA
23 Dec 2009
FSA offers welcome news on work-based assessments and protection but new proposals on corporate pensions risk hitting savers and IFAs.
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NS&I withdraws two guaranteed bonds
11 Dec 2009
Three and five year guaranteed growth and guaranteed income withdrawn.
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Octopus introduces Titan 4 VCT
4 Dec 2009
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Octopus Investments - Portfolio Manager
7 Dec 2009
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Octopus tailors portfolio service
14 Dec 2009
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OFT abandons bank charges fight
22 Dec 2009
The OFT has decided not to pursue case against unfair bank charges, citing “low prospects of success”.
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One admin firm in running for personal accounts as GWRS pulls out
14 Dec 2009
Further administrator pulls out of Pada race leaving just one.
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One in three borrowers not offered adequate repo forebearance
15 Dec 2009
Housing charities say lenders still not doing enough to avoid repossession.
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Options average transfer time remains 11 days
2 Dec 2009
The ABI initiative recorded the same transfer time for Omo cases in Q3 as in Q2.
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PBR - Five year auto-enrolment timetable starts 2012 - DWP
9 Dec 2009
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PBR - High-earner pensions blow 'will accelerate pension cuts for rest of workforce'
9 Dec 2009
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PBR - Increase in National Insurance to make salary sacrifice more attractive
9 Dec 2009
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PBR looks to boost securitisation
10 Dec 2009
The Government is looking at new ways to bolster the securitisation market, yesterday’s pre-Budget report reveals.
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PBR: ABI slams Darling's NI increase and pension changes
9 Dec 2009
The ABI has criticised Chancellor Alistair Darling’s decision to increase national insurance contributions.
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PBR: Bonus tax makes London less attractive to global banks, says BBA
9 Dec 2009
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PBR: Cable says levy on bank profits preferable to bonus tax
9 Dec 2009
Shadow Chancellor Vince Cable says there should be a levy on bank profits.
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PBR: CML disappointed over end of stamp duty holiday
9 Dec 2009
The Council of Mortgage Lenders is disappointed with Chancellor Alistair Darling’s decision to end the stamp duty holiday.
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PBR: CPI inflation to reach 3%
9 Dec 2009
Darling says inflation will reach 1% above target during next year.
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PBR: Darling boosts basic state pension by 2.5 per cent
9 Dec 2009
Chancellor increases basis state pension despite deflation.
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PBR: Darling cracks down on salary sacrifice
9 Dec 2009
Chancellor introduces floor to prevent high earners getting around the new rules on tax relief.
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PBR: Darling imposes 50% tax on banker bonuses
9 Dec 2009
Darling has imposed a 50 per cent tax on all banker bonuses over £25,000.
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PBR: Darling increases support for unemployed
9 Dec 2009
Chancellor Alistair Darling said the one-off levy Government will impose on bank bonuses will help the unemployed back to work.
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PBR: Darling not extending stamp duty holiday
9 Dec 2009
Chancellor Alistair Darling has not extended the stamp duty holiday due to end on December 31.
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PBR: Darling sticks to spending plans
9 Dec 2009
Chancellor sticks to Budget plans for spending.
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PBR: Economy to contract by 4.75% in 2009
9 Dec 2009
Chancellor admits previous forecast of 3.5% was wrong.
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PBR: Full personal accounts contributions delayed until 2017
9 Dec 2009
Treasury saves £2.4bn at the expense of savers.
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PBR: GDP contraction 5.9%, say Tories
9 Dec 2009
Osborne says Chancellor announced wrong numbers in report.
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PBR: Govt/FSA pump £20m into Money Guidance roll-out
9 Dec 2009
Government and the Financial Services Authority will inject £20m in funding for the national roll-out of the Money Guidance scheme.
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PBR: IHT threshold frozen at £325,000 until 2011
9 Dec 2009
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PBR: Labour failed to deliver PBR tasks, says Osborne
9 Dec 2009
Shadow Chancellor George Osborne has hit out at the Labour party for failing to deliver three key tasks in its pre-Budget report today.
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PBR: Losses from bank bailouts reduced from £50bn to £10bn
9 Dec 2009
Chancellor revises forecasts of losses from bailing out banks.
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PBR: Mortgage support scheme extended for six months
9 Dec 2009
Mortgage support scheme will be extended for six months.
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PBR: National insurance contributions to rise by 0.5%
9 Dec 2009
Chancellor Alistair Darling has raised National insurance by 0.5 per cent.
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PBR: Pension credit capital disregard increased
9 Dec 2009
Disregard is boosted from £6,000 to £10,000.
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PBR: pensions relief threshold down to £130K- 150K more affected
9 Dec 2009
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PBR: Phasing in personal accounts will help make £5bn savings
9 Dec 2009
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PBR: Public sector pay and pensions restricted
9 Dec 2009
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PBR: Schroder’s Buxton says UK credit downgrade more likely
9 Dec 2009
Buxton says downgrade of UK credit status is more likely as defecit reduction plans are extended.
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PBR: Tough measures to tackle offshore tax evasion
9 Dec 2009
Darling to set out tough new measures to clampdown on offshore tax avoidance and evasion.
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PBR: VAT to return to 17.5%, delay to corporation tax increase
9 Dec 2009
Chancellor Alistair Darling has confirmed VAT will return to 17.5 per cent and there will be no increase in corporation tax for smaller firms in 2010.
-
Pearl prepares to float
2 Dec 2009
Insurance group continues its capital restructure as it prepares to move onto the London Stock Exchange.
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Pensions regulator issues warning on transfer incentives
10 Dec 2009
TPR warns it may use anti-avoidance powers on trustees.
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Personal accounts administrator should be chosen after election
15 Dec 2009
Barnett Waddingham says that now there is only one contender for scheme administrator remaining, negotiations should be postponed until after the election.
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Perspective acquires Charles Reynolds Associates
11 Dec 2009
IFA consolidator Perspective appoints eleventh firm.
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Perspective acquires Platinum Portfolios
22 Dec 2009
Perspective makes its 12th IFA firm acquisition.
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PFS appoints Jon Everill and Garry Hale as directors
7 Dec 2009
The Personal Finance Society makes Bluefin proposition director Jon Everill and HK Wealth Managers director Garry Hale PFS directors.
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PFS or IFP conference- which one will you attend?
3 Dec 2009
Both bodies are refusing to budge on the dates for their conference next year.
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Pink adds Manchester Building Society to panel
1 Dec 2009
Pink Group and the Manchester Building Society are to offer a range of mainstream and buy-to-let products to ARs.
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Police launch fraud investigation following David Seaton’s death
21 Dec 2009
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Pre-Budget report jitters
7 Dec 2009
Cicero Consulting’s Iain Anderson speculates on what Wednesday’s PBR will have in store for the industry.
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Pre-Budget threat to employee benefit trusts warns Aon
3 Dec 2009
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Price differentials
21 Dec 2009
Phil Young discusses issues IFAs must consider when comparing platform price.
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Property funds top retail sales, says IMA
1 Dec 2009
Property sector tops the IMA rankings for the first time in over two years.
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Property gains traction in November, says Cofunds
9 Dec 2009
Property lifts three places to finish as fourth highest selling sector last month.
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Protection new business sales decline, says ABI
7 Dec 2009
Regular premium protection sales dipped £2m in Q3 this year, while single premium products dropped £193m.
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Pru appoints new Asia fund chief
16 Dec 2009
Prudential Corporation Asia appoints Graham Mason as fund management chief executive.
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PruProtect looks to the essentials
11 Dec 2009
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Raise CGT to 20 and 40 per cent, says Tory Lord
7 Dec 2009
Conservative peer Lord Forsyth of Drumlean is calling for a range of tax measures to tackle the UK’s budget deficit.
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RAM Capital Partners /Edge Investment Management - Edge Performance VCT F shares
3 Dec 2009
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RAM Capital Partners/Climate Change Capital - Ventus VCT and Ventus 2 VCT/ Ventus 3 VCT joint offer
8 Dec 2009
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RBS formally enters Govt's asset protection scheme
7 Dec 2009
RBS has formally entered the Government’s asset protection scheme.
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RBS IP 90% LTV deal a bonus to borrowers
8 Dec 2009
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RBS shareholders approve Govt bonus cap plan
15 Dec 2009
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RDR - FSA to ignore occupational commission loophole for present
16 Dec 2009
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RDR paper due on Wednesday
14 Dec 2009
The FSA will publish the next RDR paper this week, covering protection, GPP, professionalism and governance.
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RDR: Aegon slams factoring ban for group pensions
16 Dec 2009
Insurer says there is a “major risk” that take-up of group personal pensions will fall as a result of RDR changes.
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RDR: Arranger charging for GPPs replaced by consultancy charging
16 Dec 2009
Any firm that assists in the setting up or admin of a GPP must agree a charge with the employer.
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RDR: CII says IPSB would be more effective than FSA
16 Dec 2009
The Chartered Insurance Institute says an independent professional standards board would be better placed to increase consumer trust than the FSA.
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RDR: Commission on protection to stay post-RDR
16 Dec 2009
Advisers recommending protection policies are allowed to continue earning commission following the retail distribution review.
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RDR: FSA mulls commission for basic advice for stakeholder pensions
16 Dec 2009
Regulator says there may be room for commission payments for basic advice to stakeholder members.
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RDR: FSA outlaws commission on GPPs in favour of 'consultancy charging'
16 Dec 2009
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RDR: FSA publishes list of 'no regrets' qualifications
16 Dec 2009
FSA outlines list of transitional qualifications for advisers.
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RDR: FSA register to hold data on adviser qualifications
16 Dec 2009
The FSA is proposing this to boost consumer confidence in the industry.
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RDR: FSA rules out RDR deadline extension
16 Dec 2009
FSA director of conduct policy Sheila Nicoll says struggling advisers will not get an extension on 2012 and the regulator is taking an “open-minded” view of alternative assessments.
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RDR: FSA says consumer complaints will rise
16 Dec 2009
The regulator says savvy consumers will complain more when they feel standards have been breached.
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RDR: FSA to ban commissions linked to occupational schemes
16 Dec 2009
The regulator warns it may extend its regulatory scope if firms are using trust-based schemes to get around the RDR.
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RDR: FSA to be more flexible on alternative assessment
16 Dec 2009
The FSA has admitted its previous proposals for oral assessments were too restrictive. More flexible alternatives to be offered on ongoing basis.
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RDR: FSA to oversee professional standards
16 Dec 2009
The FSA has confirmed it plans to scrap the independent proessional standards board.
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RDR: GPP changes to cost providers up to £13m each
16 Dec 2009
New proposals to ban commission on GPPs will hit providers’ pockets.
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RDR: Industry welcomes FSA's commission decision on protection
16 Dec 2009
IFAs say it “makes sense” and providers claim it was “definitely the right response”.
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RDR: Professional body membership will reduce firms' compliance burden
16 Dec 2009
Firms will have to seek independent confirmation of advisers’ technical competence if they are not members of professional bodies.
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Redundant Brits will struggle to survive, warns Bright Grey
1 Dec 2009
Research by Bright Grey says Brits are grossly overestimating how long they could survive if they lost their income stream.
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Re-reg still an issue, says CWC Research
10 Dec 2009
A CWC Research survey has revealed that over 50 per cent of advisers believe re-registration is an issue when moving client money.
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S&P downgrades British banks
22 Dec 2009
Security on a par with Austria, Chile and Portugal.
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Sally Laker: Reasons to be cheerful
18 Dec 2009
Sally Laker says things can only get better for the mortgage market.
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Scottish Widows - Capital Protected Fund 13
8 Dec 2009
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SEB Asset Management - SEB Asset Selection Defensive Fund
10 Dec 2009
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SEB Asset Management - SEB Asset Selection Fund
11 Dec 2009
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SEB Asset Management - SEB Asset Selection Opportunistic Fund
9 Dec 2009
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SEB opens 'hedge fund lite' funds to UK retail market
17 Dec 2009
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Second US sub-prime crash on its way, says private bank
14 Dec 2009
Lombard Odier fears a second round of sub-prime loan repos will lead to a second credit crunch.
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Senior Tory on board of City brokerage looking to move overseas
15 Dec 2009
Tullet Prebon says its decision to help staff move overseas was not politically motivated despite the fact that Tory MP Michael Fallon is a member of its board.
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Sesame calls for FSA to clearly define alternative exam options
21 Dec 2009
Sesame Bankhall Group executive chairman Ivan Martin is concerned about the “lack of detail” around alternative assessments.
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Sesame warns FSA may cause RDR "crisis"
2 Dec 2009
Sesame Bankhall Group executive chairman Ivan Martin says the FSA could create an “advice crunch”.
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SFO launches Kaupthing investigation after misrepresentation claims
16 Dec 2009
SFO probes affairs of failed Icelandic bank Kaupthing following suspicions over criminal activity.
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Shore Capital - Puma High Income VCT
3 Dec 2009
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Six arrested in major mortgage fraud probe
1 Dec 2009
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Six charged in £50m 'mortgage fraud'
18 Dec 2009
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Skandia completes full migration onto SIS platform
7 Dec 2009
A total 280,000 policies worth around £5bn in funds under management have now been migrated onto the SIS platform.
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Skandia hands £170m UK equity mandate to Investec
7 Dec 2009
Investec to manage £170m UK equity mandate.
-
Skandia Investment Group makes senior redundancy
18 Dec 2009
Skandia Investment Group head of open-architecture has been made redundant.
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Skandia loses chief finance officer and chief operating officer
18 Dec 2009
Skandia UK’s chief operating officer John Tomlins, chief finance officer Simon Lloyd and platforms delivery director Tim Mann are being made redundant from the firm.
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Skipton sells Callcredit
7 Dec 2009
Yorkshire mutual to make £40m profit from sale of credit reference agency.
-
Smith & Williamson predicts pre-Budget CGT increase
2 Dec 2009
Smith & Williamson warns flat rate CGT may rise and salary sacrifice may come under scrutiny in next week’s pre-Budget report.
-
Sovereign Reversions posts £978,000 loss and appoints chairman
16 Dec 2009
The parent company of equity release provider Home & Capital has appointed the ex-Merrill Lynch chairman Bob Wigley to its board.
-
Specialist property asset manager launches
9 Dec 2009
Asset 1st focuses on offering specialist and valuation services to the UK property market.
-
Standard Life to relaunch personal pension
7 Dec 2009
The firm plans to fiercely complete with market leaders.
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Start-up bank in UK is set for launch
14 Dec 2009
The first start-up bank in the UK for a century is waiting for approval from the FSA.
-
State will not guarantee Dubai World debt
1 Dec 2009
Dubai government denies Dubai World debt was ever backed by the state.
-
Stellar launches tech EIS fund
14 Dec 2009
Stellar launches technology EIS fund.
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Supertax on bonuses unlikely to breach human rights, warn MPs
22 Dec 2009
50 per cent bonus tax unlikely to breach human rights, says report.
-
Swiss Re signs pension longevity deal with RBPF
15 Dec 2009
Swiss Re will provide the Royal County of Berkshire Pension Fund with protection against longevity risk.
-
T. Bailey to change benchmark on growth fund
10 Dec 2009
T. Bailey to change benchmark on its growth fund to help investors monitor performance.
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Tenon and RSM Bentley Jennison to merge
9 Dec 2009
Firm plans to become UK’s leading financial and business adviser.
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The A Team
3 Dec 2009
Is Aviva’s decision to refer clients with small pots to rivals good news for customers?
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The IPS Partnership - IPS Family Sipp
16 Dec 2009
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The IPS Partnership follows family footsteps
23 Dec 2009
-
Threadneedle confirms Simon Brazier appointment
22 Dec 2009
Brazier to be co-head of UK equities at Threadneedle.
-
Three charged in suspected £12m commercial loan fraud
4 Dec 2009
Three men were charged yesterday following arrests made in a swoop on 19 properties across the UK.
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Tied and multi-tied adviser firms to be hit by bonus tax
10 Dec 2009
Tied and multi-tied advice arms of banks are expected to be hit by the bank payroll tax, introduced in this week’s pre-Budget report.
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Tim McCarron to leave Fidelity
2 Dec 2009
Fund manager set to take a career break.
-
Time to wind up the cosy club
9 Dec 2009
Select X director Peter Maynard warns of an unhealthy collaboration in the protection industry.
-
Tories slam state pension revelation
14 Dec 2009
The Conservatives criticise the Government after it was revealed some pensioners will not see their state pension rise.
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Toronto Dominion bank fined £7m
17 Dec 2009
-
Tory MP steps down from chair of Tullet Prebon pay committee
17 Dec 2009
Tory Michael MP Michael Fallon steps down as chair of Tullet Prebon’s remuneration committee.
-
Transact goes live with QSP
1 Dec 2009
Transact has now gone live with its qualifying savings plan following HM Revenue & Customs approval.
-
Treasury says banks will pay £1bn in bonus tax
15 Dec 2009
The Treasury says it is expecting banks to pay £1bn in bonus taxes.
-
Treasury to unveil investment banking safeguards
16 Dec 2009
Raft of proposals aimed at reducing legal issues after a bank collapse.
-
Two men found guilty of £1m "boiler room" scam
11 Dec 2009
The pair will face sentencing in January at Woolwich Crown Court.
-
UK bank sector set to shrink
17 Dec 2009
An MPC member warns the sector will have to become smaller after the credit crunch.
-
UK deficit highest on record
18 Dec 2009
-
UK economy may drop out of global big ten
7 Dec 2009
UK economy falls from 4th largest to 7th in five years.
-
US blames Brown for UK economic woe
7 Dec 2009
US Fed chief Ben Bernanke hits out at decision to strip UK central bank’s regulatory powers.
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Utterly unprecedented
18 Dec 2009
John Chatfeild-Roberts on the current crisis, consequences and opportunities.
-
Value for money?
1 Dec 2009
Roger Edwards asks: Are we locked in a downward price spiral without creating additional demand?
-
Variable annuity sales fall 58 per cent in third quarter
4 Dec 2009
The Hartford’s exit and challenging market conditions saw third way sales plunge.
-
Walker Crips Structured Investments - Five-Year Annual Growth Plan - Issue Two
21 Dec 2009
-
WAY Group reports 20 per cent rise in IHT enquiries
1 Dec 2009
WAY Group IHT enquiries soar on back of market gains, property prices and City bonuses.
-
What can be salvaged from the protection campaign?
1 Dec 2009
The Tom Baigrie inspired campaign has run out of steam, will anyone else pick up the reins?
-
What does the RDR have in store for protection?
16 Dec 2009
The FSA publishes its latest RDR paper today which will look at any possible implications for the protection industry. We hear what the industry expects.
-
When is a consultant not a consultant?
14 Dec 2009
Axa’s Ian Thomas warns advisers to separate true wrap consultants from “salesmen in disguise”.
-
Xit2 joins CML
1 Dec 2009
Mortgage technology firm becomes 84th associate member.
-
Yorkshire confirms Chelsea merger
2 Dec 2009
New entity to become the UK’s second largest building society.
-
Yorkshire unclear if both broker brands will remain
2 Dec 2009
Merged Yorkshire and Chelsea Building Society to boost lending, but no further mergers on the cards for now.
