Money Marketing
Online - December 2011
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Alliance Trust Asset Management – Global Thematic Opportunities Fund
3 Jan 2012
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Cater Allen Private Bank - Enhanced Growth Plan 9
21 Dec 2011
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TPR to build regulation of DC around six principles
7 Dec 2011
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Vanguard/Standard Life Pension Platform update
19 Dec 2011
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Abbey enters buy-to-let market
12 Dec 2011
Lender targeting non-professional landlords.
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Abbey For Intermediaries - 2-Year Fixed Rate Buy To Let - 60% LTV
12 Dec 2011
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Abbey For Intermediaries - 2-Year Fixed Rate Buy To Let - 60% LTV with Homebuyer Solution
12 Dec 2011
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Abbey For Intermediaries - 2-Year Fixed Rate Buy To Let - 75% LTV
12 Dec 2011
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Abbey For Intermediaries - 2-Year Fixed Rate Buy To Let - 75% LTV with Homebuyer Solution
12 Dec 2011
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Aberdeen proposes multi-manager fund mergers
8 Dec 2011
Aberdeen Asset Management is proposing to merge three equity multi-manager funds into the Aberdeen Multi-Manager Equity Managed Portfolio.
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ABI and banks set for talks over “out of control” bonuses
28 Dec 2011
The ABI is set to hold a number of face-to-face talks with bank chief executives over payouts in the new year.
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ABI director Peter Vipond to join FSA
16 Dec 2011
ABI director of financial regulation and taxation will join the regulator next year to head up a newly created insurance department.
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ABI launches new OMO code of conduct
20 Dec 2011
New draft proposals designed to encourage more shopping around at retirement for an annuity.
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ABI urges Govt to restrict FOS decision publications
16 Dec 2011
The ABI says policymakers should work with the industry to select the “most appropriate” ombudsman cases for publication.
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Accord strikes the right note
2 Dec 2011
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Adviser appetite for gold and absolute return wanes
6 Dec 2011
Favourability towards gold and absolute return funds has decreased since the summer.
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Aegon UK appoints Philip Easter as non-exec chairman
9 Dec 2011
Aegon has appointed former Aviva director Philip Easter as non-executive chairman of the Aegon UK insurance companies board.
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Age UK to return NHFA commission to clients
7 Dec 2011
Age UK has pledged to return commissions it received from NHFA for recommendations to clients affected.
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Age UK: DWP must scrap Nest transfer restrictions
28 Dec 2011
After its review of small pension pots, Age UK head of public policy Jane Vass says transfer rules for small pots needs addressing.
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Ageas Protect revamps cic
9 Dec 2011
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Ageas to retrospectively increase CI payments
15 Dec 2011
Ageas Protect to contact customers to tell them terms and conditions have improved.
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Agreement close in public sector pension row
20 Dec 2011
The majority of unions representing public sector workers have agreed to consider new pension reform offers from the Government.
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Aifa calls for review of FSA life settlements move
12 Dec 2011
Trade body says review should establish whether EEA would have closed without FSA intervention in life settlement market.
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Another FSCS adviser bill looms as scheme writes to MF Global clients
9 Dec 2011
FSCS is to send MF Global UK customers application forms for compensation.
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Arch cru funds fall in value after private equity sell-off
22 Dec 2011
Net asset value of CF Arch cru investment portfolio has fallen 20 per cent over six months, while CF Arch cru specialist portfolio has fallen 17 per cent.
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Ashcourt Rowan duo depart in senior management shake-up
15 Dec 2011
Ashcourt Rowan Group has appointed a new chief financial officer and chief operating officer
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Assureweb launches protection iPhone app
1 Dec 2011
App allows advisers to compare real-time rates for term assurance products.
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Aviva considers annuity back book sell-off
5 Dec 2011
Reports suggest the insurer is looking at a number of options to boost its capital reserves.
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Aviva Downton Abbey campaign in breach of Ofcom rules
5 Dec 2011
Ofcom says Aviva sponsorship of Downton Abbey strays into advertising.
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Aviva Investors - Defined Growth Fund 3
12 Dec 2011
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Aviva Investors – Defined Growth Fund 4
28 Feb 2012
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Aviva overhauls large case underwriting process
6 Dec 2011
Advisers allowed to provide information over phone for life cases to £3m and critical illness to £750k.
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AWD founder quits Swiss Life board following media allegations
7 Dec 2011
Swiss Life director Carsten Maschmeyer quits board and reduces equity holding to less than three per cent.
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Bank holds off on monetary policy changes
8 Dec 2011
The Bank of England has held the base interest at its historic low of 0.5 per cent for the 33rd month running.
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Bank of England hires financial crisis specialist
2 Dec 2011
The Bank of England has appointed Andrew Gracie as director of its special resolution unit.
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Banking ring-fence rules to be passed by 2015
19 Dec 2011
Ring-fence plans to be in place by 2015.
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Barclays beefs up corporate benefits arm
14 Dec 2011
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Barclays faces £70m lawsuit
2 Dec 2011
Claim has been filed in the High Court alleging that Barclays misused confidential information to pursue a takeover deal.
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Barclays Wealth - Target Growth Plan Dec 2011 (February start)
9 Dec 2011
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Barclays Wealth - Target Growth Plan Dec 2011 (January start)
9 Dec 2011
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Baring Asset Management - Baring India Fund
13 Dec 2011
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Berry Asset Management signs partnership deal with SEI
3 Jan 2012
Agreement will see SEI provide administrative support to the private client wealth management firm.
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BIS investigates criminal allegations against Goodwin
15 Dec 2011
BIS investigating alleged breaches in accountancy laws.
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BoE calls on banks to boost capital reserves
1 Dec 2011
The UK’s banks should boost their capital to help them withstand the expected global economic downturn, the Bank of England claims.
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BoE chief economist: Inflation will fall to 3% by March
14 Dec 2011
Dale defends BoE’s monetary policy, saying vital in order to stave off recession.
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BoE: Mortgage rates may increase in 2012
1 Dec 2011
Bank of England says wholesale funding costs will rise, leading to higher mortgage rates.
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Book your place at free Money Marketing investment seminar
21 Dec 2011
Money Marketing is running a free one-day investment seminar in February for investment advisers.
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Buxton: Expect corporate earnings downgrades in 2012
5 Dec 2011
Schroders head of UK equities on expectations for UK and global growth continuing to recede.
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Cable investigates possible action against RBS directors
12 Dec 2011
Cable examining whether any action can be taken against former RBS directors.
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Calastone launches first platform re-reg solution
16 Dec 2011
Testing completed with transfer of BNY Mellon fund between Transact and Nucleus.
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Call for single complaints system for new regulators
21 Dec 2011
Joint committee recommends one independent complaints process for PRA and FCA.
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Cameron to insist on safeguards for Britain in new EU treaty
7 Dec 2011
The Prime Minister says he wants protections for key industries such as financial services.
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Capita valuations show fall in returns for Arch cru investors
16 Dec 2011
Based on the most recent valuations investors who accept compensation package will get 66 per cent of value of funds at suspension.
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CBI dismisses auto-enrol levelling down concerns
12 Dec 2011
A survey of the CBI’s members suggests just 1 per cent will cut back defined-contribution pensions as a result of automatic enrolment.
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Central register needed for small pots says B&CE
21 Dec 2011
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Cheviot: Record overnight deposit rates reflect missing confidence
28 Dec 2011
Record high overnight deposits reported by the ECB reflect the lack of confidence in the banking sector, says Cheviot Asset Management’s David Miller.
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CII exams hit by more IT problems
23 Dec 2011
Slow running exam software led to exam cancellations for 96 advisers.
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CIPD: Unemployment set to rise to 2.85m in 2013
28 Dec 2011
Public sector job losses will outstrip private sector growth.
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Clegg targets higher wealth taxes
20 Dec 2011
Deputy prime minister has outlined plans to reform the tax system by targeting the wealthy.
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Clegg warns of challenges in 2012
28 Dec 2011
Deputy Prime Minister Nick Clegg has warned 2012 will pose “many great challenges” as the Coalition attempts to cut the UK’s budget deficit.
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Clive Cowdery buys £600K of shares in Resolution
14 Dec 2011
Resolution founder Clive Cowdery bought the shares yesterday at 252.91p each.
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CML downgrades 2012 lending forecast by £17bn
15 Dec 2011
Trade body also downgrades 2011 gross lending estimate.
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Coalition split over European treaty veto
12 Dec 2011
Deputy PM says he is “bitterly disappointed” by the veto.
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Co-op front runner for Lloyds branches
14 Dec 2011
Lloyds Banking Group is hoping to agree terms by Q1, 2012.
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Corporate platform numbers could triple in six months - The Platforum
8 Dec 2011
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Corporate platforms should not be used to "flog products"
2 Dec 2011
Platform consultant says corporate platforms should not use offering just as way of selling products.
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De Blonay fund dropped from Wealth 150
22 Dec 2011
Hargreaves Lansdown has dropped the Jupiter financial opportunities fund from its Wealth 150 buy-list.
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Defaqto on Accord's Offset Five-Year Fixed
9 Dec 2011
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Defaqto on Fidelity Multi-Asset Allocator Growth
2 Dec 2011
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Defaqto: Providers are failing existing pension customers
5 Dec 2011
Research of 500 IFAs from Defaqto suggests providers are failing to meet advisers’ expectations when servicing existing business.
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Dentons suspends scheme pension due to DB uncertainty
9 Dec 2011
Uncertainty caused by the Government’s reclassification of scheme pension as a defined-benefit.
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Derek Bradley: Trade body or union? We don't need any more
22 Dec 2011
When I started PanaceaIFA some thought that we were a trade union for IFAs.
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Deutsche Bank - S&P 500 Equal Weight ETF
19 Dec 2011
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Dilnot calls for LTC funding advice triggers
6 Dec 2011
Andrew Dilnot says trigger points should be found for people to be signposted to advice over long term care funding.
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Downgrade UK, says French central banker
16 Dec 2011
Christian Noyer, governor of the Banque de France, has called on rating agencies to downgrade the UK first ahead of France.
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Drake pleads for DWP to keep small firms in auto-enrolment
7 Dec 2011
DWP urged not to give into inevitable pressure for small firms to be exempt from auto-enrolment
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Duffield hits back over tribunal claims
21 Dec 2011
Ex-New Star boss responds to unfair dismissal claim brought to an employment tribunal by former fund manager Patrick Evershed.
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DWP consults on earnings trigger indexation
15 Dec 2011
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DWP: Fewer than 40% of Britons saving for retirement
30 Dec 2011
Official Government figures show the number of working-age people saving into a private pension fell from 46 per cent in 2000 to 38 per cent last year.
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ECB chief: Eurozone needs closer fiscal ties to solve crisis
2 Dec 2011
Draghi said binding governments to strong rules on public finances was the important element to restoring confidence in markets.
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EEA suspends dealing in life settlements fund
1 Dec 2011
Move follows FSA concerns over life settlements.
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Employers freeze DC pension contributions
12 Dec 2011
Research from consultant Mercer shows employers have held frozen DC contributions since 2009, while employees have reduced contributions in the last two years.
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EU treaty letter calls for common framework on financial regulation
7 Dec 2011
Letter to European Council calls for new common legal framework for financial regulation and the creation of a financial transaction tax.
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Euro hits 10-year low versus the yen
29 Dec 2011
Euro falls to lows as concerns grow on Italian debt.
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Eurozone ministers agree to pledge £125bn to IMF
20 Dec 2011
UK refused to commit to contributing, saying it will “define its contribution” in early 2012.
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Ex-law firm partner guilty of £19m loan scam
5 Dec 2011
Three men were involved in the scam which used false letters to convince a private bank to offer the loan.
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Fidelity provides low-cost safe pair of hands
2 Dec 2011
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Fitch - US could lose AAA rating by 2013
22 Dec 2011
Ratings agency says US rating is under threat if politicians do not tackle growing debt problem.
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Fitch downgrades six global banks
16 Dec 2011
Barclays is the only UK bank of the six.
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Fitch puts Matrix-owned funds on review due to firm's financial resources
12 Dec 2011
Matrix has attacked ratings agency Fitch after it placed three money market funds on review.
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Fitch: Kim Jong-il death warrants “close attention”
19 Dec 2011
The death of North Korean leader Kim Jong-il means the relationship between North and South Korea will have to be “monitored closely”, Fitch Ratings says.
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Foresight linked VCT offers infrastructure shares
21 Dec 2011
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Former UBS trader fighting £1.25m FSA fine
13 Dec 2011
FSA says Sachin Karpe took part in alleged unauthorised trades.
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French Q3 growth revised down
23 Dec 2011
The French economy grew by less than expected in the third quarter of the year, according to the latest statistics.
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Friends Life hires LV= fixed income team
12 Dec 2011
Friends Life has made its first hires for its recently-launched asset management business with the appointment of the former LV= fixed income team.
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Friends Life invests £6m in Malaysian Islamic life insurance firm
13 Dec 2011
Friends Life has signed a joint agreement with the Ambank Group to manufacture and distribute Shariah compliant insurance products in Malaysia.
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FSA - Top 10 fines of 2011
30 Dec 2011
We look at who has been hit hardest after falling foul of the regulator’s rules.
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FSA admits RBS failings and calls for tougher penalties for bankers
12 Dec 2011
FSA says it supervisory approach “provided insufficient challenges to RBS”.
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FSA appoints ex-banker as Money Advice Service non-exec director
13 Dec 2011
John Spence has previously held roles with the British Bankers Association, HMRC, and Lloyds TSB.
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FSA bans and fines ex-UBS adviser £150k
16 Dec 2011
Former UBS adviser has been sanctioned for failing to act with integrity and for not being fit and proper.
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FSA bans landbanking firm and orders £200k redress
15 Dec 2011
Regulator has secured a summary judgment in the High Court against Cityshore Commodities.
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FSA begins Arch cru adviser investigation
14 Dec 2011
Regulator has written advisers who recommended Arch cru funds as it examines sales between 2006 and 2009.
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FSA data shows repossessions on the rise
13 Dec 2011
FSA says new advances grew 19% between Q2 and Q3 to £44bn.
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FSA fines HSBC £10.5m over misselling to elderly customers
5 Dec 2011
Fine is largest ever retail fine over inappropriate investment advice provided by one of HSBC’s subsidiaries.
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FSA fines insurer £2.8m over TCF failings
19 Dec 2011
Regulator has fined Combined Insurance Company of America over sales of accident and sickness policies.
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FSA freezes £850k paid to landbanking firms
21 Dec 2011
Regulator has secured interim injunctions from the High Court against suspected unauthorised landbanking firms.
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FSA gets backing from Parliament over tougher early warning powers
19 Dec 2011
FCA will be able to publicise ongoing enforcement action without consulting firms involved under recommendations made to Government
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FSA issues guidance on non-execs' TCF duties
7 Dec 2011
Regulator has issued guidance highlighting non-executive director duties for treating customers fairly.
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FSA research shows smaller IFAs lead the way on qualifications
6 Dec 2011
FSA-commissioned research shows tied and bank advisers behind IFAs in pursuit of RDR qualifications
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FSA says banks must display saver guarantee
14 Dec 2011
FSA proposes to make banks and building societies to display details of FSCS scheme.
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FSA sets out new guidance on distributor influenced funds
5 Dec 2011
Regulator reiterates stance that it will be “extremely difficult” to recommend Difs and remain independent.
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FSA to ban non-advised mortgage sales
19 Dec 2011
However, borrowers can reject advice after it has been given.
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FSA to tighten up interest-only rules and ban self-cert
19 Dec 2011
Regulator not forming prescriptive proposals for self-employed borrowers.
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FSA will not limit advisers' role in checking affordability
19 Dec 2011
Intermediaries to have “general requirement” to check if borrowers fit lenders’ criteria.
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FSA: Our focus on RDR and TCF meant bank failings were missed
12 Dec 2011
FSA says focus on RDR and TCF meant prudential supervision sometimes “accorded low priority”.
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FSA: Up to 8% of mortgages subject to forbearance
2 Dec 2011
Regulator estimates up to 8 per cent of households are subject to some form of mortgage forbearance.
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FSCS chairman awarded CBE
3 Jan 2012
FSCS chairman David Hall was awarded a CBE for services to the financial services industry in this year’s New Year Honours list.
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FSCS defends legal action against Keydata advisers
15 Dec 2011
Compensation scheme responds to Aifa’s demand for answers over the “perverse” way FSCS is pursuing Keydata distributors.
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FSCS warns of £40m interim levy - £100m limit could be breached
15 Dec 2011
Scheme says interim levy may be needed for Keydata and Wills and Co compensation, and warns of further costs over Arch cru and MF Global.
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FTB mortgage payments most affordable for eight years
9 Dec 2011
Mortgage interest payments now consume 12.3% of income, the lowest level since January 2004.
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FTSE rises in early trades
2 Dec 2011
FTSE 100 is up more than 1.5 per cent.
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Fund managers expecting 2012 volatility, finds AIC poll
14 Dec 2011
An “overwhelming” majority of fund mangers expect increased volatility to persist into 2012, according to research by the AIC.
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Furness BS launches five-year fix through PMS and Sesame
13 Dec 2011
Mortgage available up to 75% LTV at 3.85%.
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George Osborne defends 'unreliable' OBR projections
7 Dec 2011
Chancellor also announces Budget will be held on March 21.
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German stock-exchange says FTT must not hit private investors
2 Dec 2011
Boerse Stuttgart says the tax would disadvantage Germany and wider Europe.
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Gilt funds dominate top-performers in 2011
30 Dec 2011
UK gilt funds dominated the top performance charts in 2011, according to figures from Morningstar.
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Goodwin may face criminal charges over RBS accountancy failings
14 Dec 2011
RBS directors may face criminal charges over failing to adhere to the UK Companies Act.
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Government confirms plans to abolish short service refunds
15 Dec 2011
Pensions minister Steve Webb has confirmed the Government will abolish short service refunds for defined-contribution pension schemes.
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Government CPI pensions switch set for Commons debate
15 Dec 2011
Chancellor George Osborne’s decision to link pension increases to CPI rather than RPI will be debated in Parliament after an e-petition criticising the change received over 100,000 signatures.
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Government set to approve banking split
19 Dec 2011
The Government is set to approve the Vickers’ report.
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Government sets out new rules for VCTs and EIS
6 Dec 2011
Government confirms lifting of the £1m limit that venture capital trusts can invest in a single company per year.
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Government solar tariff payment cuts “illegal”
21 Dec 2011
Plans to cut solar feed-in tariff payments are illegal the High Court has ruled, following a legal challenge.
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Government to clamp down on Qrops tax dodgers
8 Dec 2011
HMRC will tighten the rules around Qrops after finding evidence the schemes are being used to circumvent UK tax rules.
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Govt offers pension concession to lower-paid NHS staff
8 Dec 2011
Reports suggest NHS staff earning less than £26,500 will not face increased contributions in 2012.
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Govt risks 'lost decade' of house building, says IPPR
28 Dec 2011
Govt not demanding enough of developers in exchange for subsidies, says Institute for Public Policy Research.
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Govt to close stamp duty loophole
6 Dec 2011
Loophole allows people to avoid stamp duty by setting up offshore companies.
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Govt urged to rewrite new regulator's objective to focus on "fairness"
19 Dec 2011
Joint committee recommends amending the Financial Conduct Authority’s strategic objective from confidence to fairness and transparency.
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Hargreaves Lansdown adds passive funds to its platform
5 Dec 2011
Several of Vanguard Asset Management’s tracker funds have been added to Hargreaves Lansdown’s Vantage platform.
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Hargreaves Lansdown removes First State funds from Wealth 150
29 Dec 2011
Hargreaves Lansdown has removed three First State funds from its Wealth 150 list of favourite funds.
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Henderson in court battle with infrastructure fund investors
7 Dec 2011
Henderson Global Investors says it will “vigorously defend” itself.
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Henderson offloads Hermes private equity stake
19 Dec 2011
Henderson has disposed of the private equity fund of funds, which it acquired as part of the acquisition of Gartmore.
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High Court rejects first Arch cru judicial review bid
3 Jan 2012
Justice for Financial Services is now planning an oral request at the Royal Courts of Justice.
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High Court rejects TUC challenge to CPI switch
2 Dec 2011
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High Court rules unlocking schemes contravene pensions law
16 Dec 2011
The High Court has ruled that arrangements which allow people to access their pension fund before reaching age 55 through loans are illegal.
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HMRC slammed by MPs over £25bn tax escape
20 Dec 2011
A committee on MPs has accused the HM Revenue & Customs of offering ‘cosy’ deals with big businesses to settle their tax bills.
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House prices down 1% year-on-year in November
6 Dec 2011
Average house price now £161,731.
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HSBC - Fee-Free Lifetime Tracker Special 70% LTV - Direct
23 Dec 2011
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HSBC - Fee-Free Lifetime Tracker Special 60% LTV - Direct
23 Dec 2011
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HSBC - Fee-Free Lifetime Tracker Special 65% LTV - Direct
23 Dec 2011
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HSBC Global Asset Management - HSBC RMB Fixed Income Fund
14 Dec 2011
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HSBC to cut 330 UK jobs
5 Dec 2011
Job losses are due to regional restructure of commercial banking and the “challenging economic environment”.
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HSBC will compensate pre-2005 NHFA clients
8 Dec 2011
HSBC is looking to compensate victims of NHFA misselling dating back to 1991.
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Hutton: Gloomy growth outlook increases need for public sector pension reform
5 Dec 2011
Lord Hutton says recent downgrades to UK growth forecasts will hit sustainability of public schemes.
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IDD scrapped alongside plans to use 'independent' and 'restricted' labels
19 Dec 2011
Regulator rules out using RDR labels to describe firms’ service.
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IMA “disappointed” with draft financial services bill report
19 Dec 2011
The IMA has expressed some reservations over the Joint Committee on the Draft Financial Services Bill’s report.
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IMA: Irresponsible scaremongering on fund fees, yet again
20 Dec 2011
IMA chief executive Richard Saunders hits back at the Observer over claims of huge fund fees hitting the value of long term savings.
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IMA: Is there too much turnover in UK fund management?
2 Dec 2011
Jonathan Lipkin says fund managers are not short-termist.
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IMF chief: Leaders must stop global depression
16 Dec 2011
Christine Lagarde has warned that no country is safe from the growing economic concerns.
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Intelliflo to invest £10m as it enhances Standard Life integration
13 Dec 2011
Intelliflo announces four-year spending programme and enhances integration with Standard Life.
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Investec Asset Management - Global Strategy Fund Global Contrarian Fund
21 Dec 2011
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Investec unveils global fund for Alastair Mundy
9 Dec 2011
Firm launches new Luxembourg-domiciled fund for its contrarian team headed by Alastair Mundy.
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Investment roundup 2011: A year of volatility and uncertainty
19 Dec 2011
The past 12 months in investment have been dominated by stockmarket uncertainty.
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Italy borrowing costs drop slightly
29 Dec 2011
A fall in short-term borrowing costs for Italy was offset by elevated long-term debt costs, which dipped slightly below the 7% mark.
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James Hay closes Family Sipp to new business
8 Dec 2011
Provider says closure is due to a lack of demand from IFAs.
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Japan’s Nikkei 225 index closes at 29-year low for 2011
30 Dec 2011
Japan’s benchmark Nikkei 225 index has closed for the year at its lowest level since 1982.
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JC Flowers eyeing up UK mortgage books
5 Dec 2011
Firm moved onto “Plan B” after missing out to Virgin Money for Northern Rock.
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Jonathan Cornell to join FSA
9 Dec 2011
Cornell to take up role as analyst in FSA’s retail intermediaries and mortgage sector team.
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Jonathan Polin invests 200k in Ashcourt Rowan
5 Dec 2011
Ashcourt Rowan Group chief executive Jonathan Polin has purchased 200,000 shares in the business.
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JPMorgan Asset Management/ Skandia Life platform update
21 Dec 2011
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Just Retirement attacks single-tie annuity distribution deals
5 Dec 2011
Steve Lowe says advisers will lose out if networks planning restricted advice services agree single-tie deals with providers.
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Just Retirement recruits Keith Haggart from Prudential
3 Jan 2012
Haggart will be responsible for all aspects of Just Retirement’s equity release business and will lead the firm’s entry into the long-term care market.
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Kames Capital - Absolute Return Bond Fund
13 Dec 2011
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Key Retirement Solutions in takeover talks
7 Dec 2011
The equity release specialist is in talks with a number of private equity groups.
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Keydata casualty bought out of admin- up to £6m costs stay with FSCS
6 Dec 2011
Million Plus managing director Mike Cleary is former TFM managing director.
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King warns over growing dependence on central banks
23 Dec 2011
Bank of England governor says European debt crisis is causing growing reliance on central banks after ECB provides £407bn in cheap loans to banks.
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Lack of clarity remains over trail commission
14 Dec 2011
BDO financial services risk and regulatory practice director Alex Ellerton on the questions still to be answered on trail.
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Larger employers to shun Nest – Aon
15 Dec 2011
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Leeds BS appoints Robin Litten as finance director
13 Dec 2011
Litten joins in January.
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Leeds BS launches shared ownership loan through PMS and Sesame
20 Dec 2011
Mortgage is fixed at 5.89% for two years.
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Leeds Building Society – 3-Year Fixed-Rate Mortgage – Direct
3 Jan 2012
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Leeds Building Society – 3-Year Fixed-Rate Mortgage – Direct
3 Jan 2012
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Leeds Building Society – 3-Year Fixed-Rate Mortgage – Direct
3 Jan 2012
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Leeds Building Society - Direct Shared Ownership 2 Year Fees Assisted Fixed Rate Mortgage
21 Dec 2011
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Legg Mason Asset Management - Brandywine Global Opportunistic Fixed Income Fund
13 Dec 2011
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Legg Mason makes £7.7bn global fixed income fund available to UK investors
13 Dec 2011
Brandywine global opportunistic fixed income fund available to UK investors through its Dublin-domiciled fund range.
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Life assurance premium relief cut is "cruel move" aimed at soft targets
7 Dec 2011
Royal London head of corporate affairs Gareth Evans says life assurance premium relief cut will hit elderly and poor.
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Lloyds chief exec to return in January
14 Dec 2011
Antonio Horta-Osorio is due to return to work on January 9 following a stress-related illness.
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Lloyds chief faces tough scrutiny before he can return
9 Dec 2011
LBG to announce successful bidder of 632 branches for sale next week.
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M&G and Schroders see opportunities in Chinese property
14 Dec 2011
Leading fund managers Mike Riddell and Jim Rehlaender both point to opportunities in China.
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Make financial education compulsory, say MPs
12 Dec 2011
Parliament’s biggest All-party group calls for compulsory education in primary and secondary schools.
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MAM Funds hires former Witan chief executive
5 Dec 2011
Former chief executive of the Witan trust Robert Edwards Clarke has been appointed to a senior role at MAM Funds.
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Management consultant jailed for two years for insider dealing
15 Dec 2011
Management consultant made £524,000 profit on placing spread bets based on insider information.
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Mansfield Building Society - 2-Year Fixed Rate Buy-To-Let
5 Dec 2011
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Mansfield Building Society - 3-Year Discounted-Rate Buy-To-Let
5 Dec 2011
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Mansfield Building Society - 3-Year Fixed Rate Buy-To-Let
5 Dec 2011
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Mark Dampier: My fund picks for 2012
3 Jan 2012
Mark Dampier says investors will face another difficult 12 months.
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Martin Bamford: Simplicity is the key in 2012
23 Dec 2011
IFAs would be wise to make simplicity central to their new year’s resolutions, says Martin Bamford
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Martin Currie - Martin Currie Global Funds – Global Emerging Markets Fund
21 Dec 2011
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Martin Werth quits Ageas Protect
8 Dec 2011
Werth will step down from his role as managing director of Ageas Protect at the end of the year
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McClymont: Miliband must avoid Tory 'tax and spend' trap
29 Dec 2011
Ed Miliband must not be seen as the defender of tax and spend to regain credibility.
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MEP Sharon Bowles: It could be game over for the Euro
2 Dec 2011
MEP warns industry that in six months time there could be no Europe or euro.
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MEPs call for less reliance on “big three” rating agencies
21 Dec 2011
MEPs have called for measures to reduce reliance on Moody’s, Fitch and Standard & Poor’s - and to limit their impact on sovereign borrowing costs.
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Merchant Capital - Kick Out Plan: FTSE Issue 5
13 Dec 2011
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Mercia makes EIS debut
3 Jan 2012
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Miliband accuses Government of offering "counsel of despair"
29 Dec 2011
Labour leader Ed Miliband has accused the Coalition Government of offering only a “counsel of despair” in his New Year message.
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MMR rules could incentivise lenders and borrowers to go direct
19 Dec 2011
FSA predicts MMR proposals could see lenders and borrowers prefer to go direct.
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MMR to cost industry up to £170m a year
19 Dec 2011
Total one-off cost of proposals £40m-£65m and £47m-£170m a year.
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Money Advice Service chief defends £350k pay to MPs
13 Dec 2011
MAS chief executive Tony Hobman says vital work of service justifies salary £100,000 higher than PM.
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Money Advice Service moves to "advice-type" activity
1 Dec 2011
MAS says information and guidance is not enough.
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Moody’s warns UK faces “formidable and rising challenges”
21 Dec 2011
Ratings agency says that the UK is only partially cushioned from the crisis.
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Moody’s: EU still lacks decisive policy measures
12 Dec 2011
Moody’s says EU remains prone to further shocks.
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MPC unanimous in rate and QE hold
21 Dec 2011
Monetary Policy Committee unanimous holding base rate and QE levels.
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MPs set to debate pension charges
1 Dec 2011
Work and pension select committee member Brandon Lewis secures Westminster Hall debate on pension charges
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Neil Liversidge: Should data rules be changed to stop banks cross-selling?
21 Dec 2011
Should we be demanding a Chinese wall type arrangement between deposit taking and financial product selling?
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Neptune appoints assistant manager for income fund
8 Dec 2011
Neptune Investment Managers has appointed George Boyd-Bowman as assistant manager.
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Neptune to launch China best ideas fund
13 Dec 2011
Neptune is launching a best ideas China fund for Robin Geffen, Doug Turnbull and Adam Kelly.
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Nest's Govt loan cost to rise after auto-enrolment delay
14 Dec 2011
Nest officials tell MPs restrictions placed on Nest will restrict access for target market.
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New alternative RDR assessment launched
12 Dec 2011
New Model Business Academy has launched an assessment for half the price of the CII equivalent
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New figures reveal the extent of Arch cru investor losses
8 Dec 2011
Previously unavailable net asset values show investor losses before the fund range was suspended.
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New Star and Evershed settle out of court
7 Dec 2011
Agreement brings to an end the former fund manager’s claim for unfair dismissal.
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Northern 2 tops Up
9 Dec 2011
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Northern Rock sale to be investigated by NAO
19 Dec 2011
The £747m sale of Northern Rock to Virgin Money is to be investigated by the National Audit Office.
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Novia poaches head of operations from Skandia International
12 Dec 2011
Sally Stephens joins the platform from Skandia International.
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Octopus chief investment officer Lothar Mentel made redundant
15 Dec 2011
Octopus Investments chief investment officer Lothar Mentel has been made redundant, alongside five other staff as part of a staff review.
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Octopus Investments - Octopus VCT 3&4 update
14 Dec 2011
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Octopus seeking 10 fund managers to boost teams
16 Dec 2011
Octopus Investments is looking to fill ten fund manager roles, including hiring in the multi-manager team
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OFT refers 'distorted' PMI market to Competition Commission
8 Dec 2011
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OFT refers private healthcare market to competition commission
8 Dec 2011
OFT “provisionally decides” to refer market to Competition Commission over concentration and cost transparency concerns
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Origen appoints sales head and interim compliance director
8 Dec 2011
Nick Foster becomes head of central sales and development and Kevin Gravener interim compliance director.
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Origen cuts 17 jobs in restructure
1 Dec 2011
Aegon-owned firm says cuts made as part of restructure to deliver RDR objectives.
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Osborne in fresh warning over EU-wide FTT
21 Dec 2011
Chancellor George Osborne says an EU-wide financial transaction tax may not raise any additional revenues for the UK Government,
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Pacific Life Re hires new head of protection marketing
15 Dec 2011
James Tait was formerly head of pricing and reinsurance at Ageas Protect.
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Pension capital rule changes could cost UK firms £600bn
3 Jan 2012
Financial Times claims JP Morgan report puts cost of Solvency II capital changes at £600bn
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Pensions Bank - correction
5 Jan 2012
Relating to article published in December.
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Pensions Bank set to be acquired
14 Dec 2011
Sipp and SSAS banking firm is set to be acquired by three investors, including a local authority.
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Pensions Regulator outlines principles for DC provision
6 Dec 2011
Focus is on scheme governance, accountability, scheme administration and communications with members.
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Phoenix Group finance director quits
21 Dec 2011
Phoenix Group finance director Jonathan Yates is leaving the firm to join Guardian Financial Services as chief executive.
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Pricing an issue for Accord offset
9 Dec 2011
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Prism Capital Management/Fidelity FundsNetwork - Multi-Manager Fund Range update
5 Dec 2011
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Proportion of FTBs buying without financial assistance dives
14 Dec 2011
Proportion of FTBs buying without support from family falls from 63% to 36% in four years.
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Prudential chairman Harvey McGrath to retire
20 Dec 2011
McGrath to retire next year when a successor has been found.
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PruProtect: The benefits of children's cover
29 Dec 2011
Children’s cover is an often overlooked but value element of CI cover says PruProtect’s Deepak Jobanputra
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Public sector workers tell us why they walked out
2 Dec 2011
Money Marketing hits the streets to ask strikers why they walked out.
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Rathbones finance director appointed as FSCS non-exec
2 Dec 2011
FSA appoints Paul Stockton as a non-executive director on the Financial Services Compensation Scheme board.
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RBS to shrink investment bank business
19 Dec 2011
Chancellor says RBS’ future lies as a retail bank.
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Roger Bootle: OBR projections too unreliable to base policy on
6 Dec 2011
Buffeted by economic uncertainty, OBR projections cannot be relied upon, says Capital Economic MD.
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Rowanmoor: Scheme pension reclassification penalises SSASs
5 Dec 2011
Rowanmoor Pensions has been forced to link new SSAS scheme pensions to the limited price index, increasing costs by up to 60 per cent.
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RSM Tenon sounds performance warning
13 Dec 2011
RSM Tenon has warned about its performance amid uncertain economic conditions.
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Russell Investments launches multi-asset fund
19 Dec 2011
Russell Investments has added to its OpenWorld range with the launch of a multi-asset fund.
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S&P warns 15 eurozone countries risk downgrades
6 Dec 2011
Standard and Poor’s says the EU’s six AAA countries, including France and Germany, could see their ratings downgraded.
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Sanlam acquires client bank of London-based adviser firm
13 Dec 2011
Sanlam Private Wealth pays undisclosed sum for LAM client bank with £44m assets.
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Schroders economists cut 2012 growth outlook
1 Dec 2011
Schroders’ economics team has slashed its forecast for global growth next year on anticipation of an “outright recession” in the eurozone.
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Scottish Widows Investment Partnership - European High Yield Bond Fund
21 Dec 2011
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Second outing for Morgan Stanley's booster
21 Dec 2011
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Short service refunds banned and consultation on small pots launched
15 Dec 2011
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SimplyBiz: An adviser checklist for a post-RDR world
29 Dec 2011
Lee Travis looks at a range issues advisers must consider when developing their business for a post-RDR world.
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Simplyhealth buys Denplan
21 Dec 2011
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Skipton Building Society - 2 Year Fixed Rate to 90% LTV - Direct
2 Dec 2011
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Skipton Building Society - Low Fee 2 Year Fixed Rate to 90% LTV - Direct
2 Dec 2011
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Skipton Building Society Intermediaries - 2 Year Fixed Rate Mortgages Update
2 Dec 2011
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Small pot commutation rules extended to personal pensions
6 Dec 2011
Draft legislation will allow individuals aged 60 or over with small personal pension pots of £2,000 or less to commute a maximum of two such pots in their lifetime.
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Standard Chartered: UK economy to shrink 1.3% in 2012
13 Dec 2011
Standard Chartered predicts eurozone economy will shrink by 1.5 %.
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Standard Life accused over 'win an iPad 2' IFA client letter
9 Dec 2011
Standard Life accused of using iPad2 offer to get customers to deal directly with the provider.
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Standard Life appoints new platform head
21 Dec 2011
Standard Life has appointed Jason Tunbridge as its head of platform distribution.
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Standard Life Investments – Global Smaller Companies Fund
3 Jan 2012
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Standard Life Investments chairman steps down
29 Dec 2011
Standard Life Investments chairman Colin Buchan is to step down from 2012 and will be replaced by non-executive director John Paynter.
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Standard Life launches global small cap fund
21 Dec 2011
Standard Life Investments has announced the launch of a global smaller companies fund to be managed by Harry Nimmo and Alan Rowsell.
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Statutory residence test rules delayed until 2013
6 Dec 2011
The Treasury has announced that the statutory residence test will be put back 12 months.
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Steve Webb builds Euro coalition to oppose Solvency II for pensions
7 Dec 2011
Pensions minister plans to build a coalition of European countries to oppose plans to impose new funding requirements on DB pension schemes.
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Steve Webb: Help us cut pensions red tape
6 Dec 2011
Pensions minister Steve Webb says every piece of pensions regulation will be scrapped unless he can justify its existence.
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Succession to launch national arm
1 Dec 2011
Succession Wealth Management will launch in Q1 2012.
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Swip launches European high yield bond fund
13 Dec 2011
Steve Logan and Lesley O’Neill will manage the 75-stock portfolio.
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Symponia defends investment bond LTC use following HSBC fine
6 Dec 2011
LTC specialist warns against “vilifying bonds” in the wake of HSBC fine.
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The Pensions Regulator's DC head June Mulroy to leave
15 Dec 2011
The Pensions Regulator’s head of defined-contribution June Mulroy is leaving her post in January next year.
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The Wild West of RDR support - questions your trainer must answer
12 Dec 2011
Employ the due diligence on your training supplier as your clients and the FSA can apply to you.
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Threadneedle Investments - Threadneedle (Lux) UK Equities Fund
13 Dec 2011
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Threadneedle's Davis to take over European fund
9 Dec 2011
Threadneedle fund manager Nick Davis is taking over the firm’s European fund.
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Threadneedle's Podger poached for Fidelity global special sits
8 Dec 2011
Jeremy Podger will replace Jorma Korhonen as the manager of £1.5bn fund.
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Tomlins replaces Isaacs on M&G European high yield fund
2 Dec 2011
M&G Investments has appointed James Tomlins as fund manager for its £77m European high yield bond fund.
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Towergate Financial appoints new chief operating officer
5 Dec 2011
Warren Page joins from Origen Financial Services.
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Trade bodies welcome "sensible" MMR proposals
19 Dec 2011
Trade bodies praise more “balanced” rules.
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Transact fined £3.5m for client money breaches
8 Dec 2011
FSA fines wrap platform £3.5m over failings in relation to protection of client money.
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Transact Q&A: Why we were fined by the FSA
8 Dec 2011
Transact head of marketing Malcolm Murray interviews firm’s founder Mike Howard, about the £3.5m FSA fine announced today.
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Transport permanent secretary is new HMRC chief
9 Dec 2011
Homer will replace Lesley Strathie who stepped down last month on health grounds from January 2012.
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Treasury launches EU gender directive consultation
8 Dec 2011
The Treasury is seeking views on the impact the ruling will have on consumers and the industry and how it will be drafted into UK law.
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Treasury sets out new Isa protection rules
6 Dec 2011
Investors who lose savings as a result of the collapse of a financial firm can reclaim lost allowance.
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Treasury U-turns on scrapping pensions compensation relief
6 Dec 2011
The Government will not go ahead with plans to abolish tax-relief for compensation payments related to pension misselling.
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Turner defends Sants as MP questions his future PRA role
12 Dec 2011
FSA chairman Turner defends Sants after senior MP criticises regulator over its RBS report.
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UK GDP revised upwards in Q3
22 Dec 2011
The Office for National Statistics has revised the UK GDP figure upwards to 0.6 per cent in Q3
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UK has to make voice heard in 2012, warns IMA
28 Dec 2011
The UK will have to work increasingly hard next year to make sure it has its say on a number of incoming European financial regulations, the IMA says.
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UK inflation falls to 4.8%
13 Dec 2011
The UK consumer prices index has fallen to 4.8% in November.
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UK left isolated in Europe over intergovernmental treaty
9 Dec 2011
All other member states are in negotiations or will consider signing a new mini-treaty while Britain alone refuses.
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UK prime RMBS deteriorating, says Moody’s
7 Dec 2011
Moody’s says UK property sales will remain low next year.
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UK unemployment increases to 2.64m
14 Dec 2011
UK unemployment rose by 128,000 between August and October to 2.64 million.
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US growth revised down again
22 Dec 2011
The US Bureau of Economic Analysis has yet again revised down US GDP growth for the third quarter of the year.
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US investors to sue Lloyds
3 Jan 2012
US shareholders in Lloyds are launching a lawsuit against the bank demanding compensation for its takeover over HBOS.
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US regulator fines Barclays £1.9m for sub-prime failure
23 Dec 2011
Fine relates to the misrepresentation of sub-prime securitisations.
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US regulators charge ex-Madoff employee who hid ponzi scheme
20 Dec 2011
The SEC has charged “long-time Bernie Madoff employee” Enrica Cotellessa-Pitz with falsifying books and records.
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US unemployment falls
2 Dec 2011
The US unemployment rate fell by 120,000 last month.
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Vinculum registers five funds
15 Dec 2011
Former chief executive of Liontrust Nigel Legge’s new firm Vinculum has five equities funds registered.
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Virgin Money to launch new savings accounts
28 Dec 2011
Virgin Money is preparing to launch a raft of new savings accounts in January, the FT reports.
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Wagstaff quits SIG for Henderson
15 Dec 2011
Phil Wagstaff has quit his role as SIG investment chief after only two weeks to join Henderson Global Investors.
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Walker Crips Structured Investments - Annual Growth Plan Issue 17 (Kick Out)
16 Dec 2011
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Walker Crips Structured Investments - Defensive Dual Index Plan (Kick-out) Issue Seven
19 Dec 2011
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Walker Crips Structured Investments - Defensive Dual Index Plan Issue Eight (Kick Out)
6 Mar 2012
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Warning to BoE that more QE may fail
12 Dec 2011
BIS says quantitative easing will have a limited effect.
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Webb says auto-enrolment is "unstoppable" despite delay
6 Dec 2011
Pensions minister refuses to confirm details of new auto-enrolment staging dates.
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What next after life settlements? - the dangers of blanket bans
5 Dec 2011
Ian Lowes raises concerns over the FSA’s proposed life settlements ban.
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Woodford stalwart AstraZeneca takes £245m R&D hit
20 Dec 2011
Income guru’s stock favourite set for big hit on research and development.
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Zemek hands Axa IM sterling bond fund to Hayes
13 Dec 2011
Theo Zemek passes management of the £130m fund to Nick Hayes.
