Money Marketing
Online - February 2012
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Blackrock - iShares Barclays U.S. Treasury Bond Fund
17 Feb 2012
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Legal & General – Early Bonus Plan 5
28 Feb 2012
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7IM integrates Voyant service onto platform
13 Feb 2012
Financial technology firm Voyant has integrated with the Seven Investment Management platform.
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80 staff in consultation at Platform
24 Feb 2012
Staff put on consultation as lender looks to relocate to Manchester from London office.
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A wide world of investment for Dentons' Sipp
17 Feb 2012
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Abbey ditches proc fees for interest-only ports
20 Feb 2012
Existing customers must now contact Abbey direct and brokers will not receive a fee.
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Abbey increases rates and slashes maximum loan for offset
9 Feb 2012
Maximum loan amount on its flexible offset product reduced from £1m to £550,000.
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Abbey to include birthdays and Christmas in affordability checks
23 Feb 2012
Abbey for Intermediaries will now require customers to account for one-off costs such as Christmas in their expenditure assessments.
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Aberdeen rebrands multi-asset business
24 Feb 2012
Aberdeen Asset Management has renamed its Alternative Investment Strategies business as Aberdeen Solutions.
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Aberdeen to soft-close £2.7bn emerging markets fund
3 Feb 2012
Aberdeen Asset Management is stemming flows into £9bn emerging markets fund range by asking IFAs to remove the funds from their buylists.
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ABI has no accurate figure of OMO take-up
7 Feb 2012
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Accord withdrawing all 75% and 85% LTV products
13 Feb 2012
Lender will launch a new product range on Thursday.
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Accord withdraws residential range due to demand
29 Feb 2012
Lender withdrawing range temporarily due to unprecedented number of applications.
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Adviser banned and fined £335k for retaining premiums
17 Feb 2012
Donald Morgan Insurance Services deliberately retained premium payments which should have been paid to insurers.
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Advisers face £30m annual FSCS levy, plus possible £40m interim levy
2 Feb 2012
Investment advisers face an annual FSCS levy of £33m, out of a total annual levy of £221m.
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Advisers urge Scot Wids to focus on CI and IP innovation
7 Feb 2012
Advisers call on Scottish Widows to focus on CI and IP following re-entry into IFA protection space.
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Aegon ScotEq redress costs hit £171m
17 Feb 2012
Total redress paid to Scottish Equitable customers has hit £152m, with a further £19m in operating costs.
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Ageas UK's protection business up 89%
20 Feb 2012
Gross written premiums up 89% to £44.6m in 2011, up from £23.6m the year before.
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Aifa and Zurich launch long-stop campaign
29 Feb 2012
Campaign aims to secure adviser long-stop as part of the Financial Services Bill, or for the FCA to be able to introduce a long-stop at a later date.
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Aifa wants cap on regulatory fees and accountability review
6 Feb 2012
Aifa says large budget increases should be signed off by Treasury.
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Ami and Aifa to split
10 Feb 2012
Ami will become an independent organisation run by Robert Sinclair.
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Amps to form platform sub-committee
9 Feb 2012
Chairman Andrew Roberts says the decision reflects the increasing importance of platforms in the pensions sector.
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Andrew Jones confirmed as HML chief exec
10 Feb 2012
Jones had been doing job on interim basis for past three months.
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ASA rules against 'misleading' RBS ads
15 Feb 2012
RBS and NatWest made claims they would provide banking services where they are ’the last bank in town’ which could not be proven.
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Association of Short Term Lenders chief exec steps down
29 Feb 2012
Adrian Bloomfield will continue in his role until a successor is found.
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Auto-enrolment set to spur wider benefit investment says Grid
10 Feb 2012
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Avelo launches PMI comparison service
27 Feb 2012
Service available to all Exchange users at a cost of £2.50 per comparison.
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Aviva cuts with-profits bonus rates
10 Feb 2012
Provider says the decision “reflects future economic expectations and prudent management of the fund”.
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Aviva develops protection sales aids for advisers
20 Feb 2012
The insurer is re-airing its TV ad campaign on life insurance, featuring Paul Whitehouse.
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Aviva Investors SRI team set to be sold off
1 Feb 2012
Aviva Investors’ sustainable and responsible investment team and £1.1bn fund range are set to be sold off as part of the firm’s move to reduce its retail presence.
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Aviva Investors to launch global team to replace SRI
1 Feb 2012
Aviva Investors has confirmed it is to axe its SRI team and plans to create a global team that looks at responsible investment across its fund range.
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Aviva Investors to manage European equities out of Paris
1 Feb 2012
Aviva Investors could manage its £140m European equity fund out of Paris following a review that has seen the closure of four equity desks.
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Aviva says FCA duty of care proposal is "unnecessary"
23 Feb 2012
Insurer says TCF rules and product intervention powers make duty to provide consumers appropriate level of care “unnecessary”.
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Axa signs FNZ deal in Elevate assets push
20 Feb 2012
New teams to work in Bristol, Basingstoke and the Czech Republic to push development of the Elevate platform.
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Axa Wealth adds £1.3bn to Elevate
16 Feb 2012
Total platform assets under administration grew to £3.5bn as at the end of 2011.
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Balls calls on Osborne to make Budget tax cuts
20 Feb 2012
Ed Balls has called on Chancellor George Osborne to cut taxes in next month’s Budget statement in a bid to stave off a 1930’s style depression.
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Bank boosts QE by £50bn
9 Feb 2012
The Bank of England expanded its quantitative easing programme today, as widely expected by the markets.
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Barclays hires new retail lending MD
14 Feb 2012
Steve Weston joins from National Australia Bank.
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Barclays investment complaints jump 77% in 2011
22 Feb 2012
Barclays has reported a 77 per cent rise in investment complaints made about the firm to the FSA in 2011.
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Barclays pre-tax profits fall 3%
10 Feb 2012
Barclays Group cuts bonus pot 25 per cent to £2.15bn.
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Barclays/Woolwich - Fixed-Rate Mortgage update
15 Feb 2012
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Barclays/Woolwich - Future Fix: 2-Year Tracker followed by 3-Year Fix
15 Feb 2012
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Barclays/Woolwich - Two-Year Fix
15 Feb 2012
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Barclays/Woolwich - Two-Year Offset Tracker
15 Feb 2012
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Barings manager Harte leaves after fund merger
9 Feb 2012
Barings absolute return global bond manager Colin Harte has left the company following the merger of the fund into the multi asset fund.
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Baronsmead makes tracks with linked offer
10 Feb 2012
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BBA slams Livingstone 'hang a banker' jibe
20 Feb 2012
BBA attacks Ken Livingstone for calling for bankers to be hung one-by-one as an example to the others.
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Beware the rise of the protection floggers
28 Feb 2012
LightBlue UK director Mark Dennison says there are many IFAs who have moved into the protection market looking for a quick sale.
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Blackrock - iShares Aaa - A Rated Corporate Bond Fund
17 Feb 2012
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Blackrock - iShares Barclays CMBS Bond Fund
17 Feb 2012
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Blackrock - iShares Barclays GNMA Bond Fund
17 Feb 2012
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Blackrock – iShares Dow Jones-UBS Commodity Swap
22 Feb 2012
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Blackrock – iShares Financials Sector Bond Fund
21 Feb 2012
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Blackrock – iShares Industrials Sector Bond Fund
21 Feb 2012
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Blackrock - iShares Physical Gold ETC
22 Feb 2012
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Blackrock - iShares Physical Gold ETC
24 Feb 2012
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Blackrock - iShares Physical Palladium ETC
24 Feb 2012
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Blackrock - iShares Physical Platinum ETC
24 Feb 2012
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Blackrock - iShares Physical Silver ETC
24 Feb 2012
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Blackrock - iShares S&P Commodity Producers Agribusiness
23 Feb 2012
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Blackrock - iShares S&P Commodity Producers Gold
23 Feb 2012
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Blackrock - iShares S&P Commodity Producers Oil and Gas
23 Feb 2012
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Blackrock - iShares S&P GSCI Dynamic Roll Agriculture Swap
23 Feb 2012
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Blackrock - iShares S&P GSCI Dynamic Roll Commodity Swap
22 Feb 2012
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Blackrock - iShares S&P GSCI Dynamic Roll Energy Swap
23 Feb 2012
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Blackrock – iShares Utilities Sector Bond Fund
21 Feb 2012
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BM Solutions to cut B2L fixed rates by up to 0.3%
7 Feb 2012
Two-year products up to 75% LTV cut by 0.3%.
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BoE court chair Sir David Lees re-appointed
24 Feb 2012
Sir David Lees will oversee regulatory switch and big increase in Bank’s power.
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Boiler room fraud victims in line for £64k redress
17 Feb 2012
FSA secures a court order against Monobank which will see boiler room fraud victims receive at least £64,000 in compensation.
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Bonham Carter: Consistent outperformance is a “fluke”
2 Feb 2012
The asset management industry fails to realise consistent outperformance is a “statistical fluke”, according to Edward Bonham Carter.
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Bright Grey - Lifestyle Plus Protection Plan
16 Feb 2012
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Bright Grey and Scot Prov record 17% new business increase
7 Feb 2012
Asset management new business falls, but Royal London’s total life and pension business up 6 per cent.
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Bright Grey launches enhanced simplified life and CI product
13 Feb 2012
Lifestyle plus offers TPD as standard.
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Buffett eschews gold for “productive assets”
13 Feb 2012
Billionaire investor Warren Buffett has outlined why he avoids gold in favour of “productive assets” in his latest shareholder letter, published by Forbes magazine.
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Bull & Bear mark II from Merchant Capital
24 Feb 2012
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Business leaders call for 50p tax rate to be scrapped
1 Mar 2012
More than 500 business leaders have called on Chancellor George Osborne to scrap the 50p top rate of tax in next month’s Budget.
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CA Awards 2012 - Thomsons named firm of the year, while Jelf scoops hat-trick
9 Feb 2012
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Calls for Ex-Lloyds chairman to be stripped of knighthood
2 Feb 2012
A Lloyds investor group has asked the head of the civil service to strip former Lloyds chairman Sir Victor Blank of his knighthood.
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Calls for Royal Commission into BoE's work during crisis
28 Feb 2012
Author of new book into Bank’s role in crisis says Bank executives were “paralysed by dysfunctionality”.
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Cameron backs automatic SPA rises
10 Feb 2012
Raise state pension age automatically to avoid pensions “apartheid” between private and public sector, says PM.
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Capita takes £17.9m hit over Arch cru
23 Feb 2012
Capita has taken a £17.9m hit in costs in its 2011 results following the collapse of the Arch cru fund range.
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Cater Allen Private Bank - Cater Allen Growth Plan 12
7 Feb 2012
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Chancellor defends FPC selection criteria
7 Feb 2012
Osborne says he wants FPC members to have “broad and current” experience but says legislating for qualifications would be a mistake.
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Charter to the cause
Online - February 2012
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Chelsea Building Society - Five-Year Fixed Rate Mortgage - Direct
1 Feb 2012
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Chelsea Building Society - Offset Five-Year Fixed Rate Mortgage - Direct
1 Feb 2012
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Chelsea Building Society - Offset Two-Year Fixed Rate Mortgage - Direct
1 Feb 2012
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Chelsea Building Society - Offset Two-Year Fixed-Rate Mortgage - Direct
1 Feb 2012
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Chelsea Building Society - Two-Year Fixed Rate Mortgage - Direct
1 Feb 2012
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Chelsea Building Society - Two-Year Fixed Rate Mortgage - Direct
1 Feb 2012
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Chris Davies: The power of relationship capital
22 Feb 2012
Chris Davies says the Towry/Raymond James judgment supports the power of personal client relationships.
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CII calls for FCA to consider professionalism
6 Feb 2012
The CII is lobbying MPs for FCA objectives to include requirement for professionalism.
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Clarity from Incapital
3 Feb 2012
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Close Brothers UK intermediary acquisitions head to retire
28 Feb 2012
Close Brothers Asset Management head of intermediary acquisitions Stuart Dyer is to retire from the business.
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Clydesdale tightens interest-only criteria
24 Feb 2012
Lender restricts max LTV to 50% for certain repayment strategies.
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Coalition set to debate pension tax relief cuts
13 Feb 2012
Chief secretary to the Treasury Danny Alexander wants to scrap or further restrict higher-rate pension tax relief.
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Cofunds appoints sales head from Axa Elevate
22 Feb 2012
Cofunds has appointed a head of strategic partnership managers from Axa Wealth Elevate.
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CoreLogic appoints former Accord director Iain Smith
28 Feb 2012
Smith joins as business development director of UK operations.
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Corporate advisers letting down DC annuitants - Pensions Institute
6 Feb 2012
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Court rejects Arch cru judicial review for a second time
2 Feb 2012
Justice in Financial Services application for a judicial review of the Arch cru compensation package has been turned down for a second time.
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Credit card insurer's shares suspended due to FSA action
21 Feb 2012
CPP says it could go out of business after FSA indicates one of toughest ever penalties for misselling.
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Critical reasons to study
Online - February 2012
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Dear Rob & Roderic...
Online - February 2012
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Defaqto on Barclays/Woolwich 10-year fix
13 Feb 2012
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Defaqto on Incapital's Protected Growth Plan – FTSE 100 Series 6
3 Feb 2012
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Defaqto on Invesco Perpetual's global financial capital fund
17 Feb 2012
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Defaqto on the Dentons' Sipp
24 Feb 2012
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Dentons explores wide investment world with Sipp
16 Feb 2012
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Dentons Pension Management - Sipp
10 Feb 2012
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Deutsche Bank partners with SCM to launch fund of ETFs
22 Feb 2012
Deutsche Bank’s exchange traded fund platform and investment manager SCM Private have partnered to launch a fund of ETFs.
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Downing Corporate Finance/NVM Private Equity
21 Feb 2012
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Dual approach for Dentons' Sipp
24 Feb 2012
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DWP eases auto-enrolment admin burden for employers
1 Feb 2012
The Government has announced a series of amendments to automatic enrolment regulations designed to ease the administrative burden on employers.
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ECB’s LTRO pumps £446bn into financial system
29 Feb 2012
The European Central Bank boosted the eurozone financial system with almost £450bn in cheap loans this morning.
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Ellipse - InteractPlus
17 Feb 2012
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Emerging markets allocation hits dangerous level
15 Feb 2012
Asset allocators have almost doubled the size of their overweight position to emerging markets.
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End of stamp duty holiday pushing up sales, says RICS
14 Feb 2012
Surveyors report more sales as first-time buyers look to buy before stamp duty holiday ends.
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Enterprise Private Equity - Water Babies Musical UK EIS
6 Feb 2012
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Equitable Life policyholders paid more than £70m
6 Feb 2012
A progress report from the Treasury says £70m has been paid to Equitable Life victims out of the £1.5bn compensation scheme.
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EU mortgage rule vote delayed
10 Feb 2012
ECON committee vote on mortgage credit directive delayed to allow time to build consensus.
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EU Solvency II for pensions plan risks "significant job losses"
13 Feb 2012
A joint letter to European Commission president from the NAPF, the TUC and the CBI warns proposals will force all DB schemes to close.
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European commissioner to ease Solvency II for pensions fears
1 Mar 2012
European commissioner for internal markets and services Michel Barnier says new regulations will not be implemented with a ’silo mentality’.
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European regulator warns on quality of advice and products
8 Feb 2012
Investors face a number of problems that “cannot be solved by transparency”, according to Steven Maijoor, the chairman of Esma.
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Eurozone agrees €130bn Greece bailout
21 Feb 2012
Greece is set to get its next tranche of bailout money after eurozone leaders announced an agreement with the Greek government.
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Eurozone break up ‘nightmare for europhiles’, says Terry Smith
27 Feb 2012
Terry Smith says an exit from the eurozone by Greece may be less “catastrophic” than feared.
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Evanridge builds on Swedish success
24 Feb 2012
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Evanridge Properties - Evanridge Sweden 3 AB Swedish Residential Property Fund
7 Feb 2012
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Excessive regulation "greatest threat" to EM equities, warns UBS
23 Feb 2012
Excessive regulatory efforts are currently posing the greatest threat to emerging market equities, according to UBS Global Asset Management’s Urs Antonioli.
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Ex-Credit Suisse traders charged by SEC in £1.9bn bond scam
2 Feb 2012
Four former Credit Suisse investment bankers and traders have been charged by the SEC.
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F&C corporate affairs director steps down
9 Feb 2012
F&C head of corporate affairs Jason Hollands will be leaving the group over the next few months and the communications team have been placed at redundancy risk.
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F&C to close nine savings plans
29 Feb 2012
F&C is to close nine of its investment trust savings plans that were inherited when it merged with Ivory & Sime.
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F&C to rename south east Asia fund
29 Feb 2012
F&C is to rename its south east Asian equity fund as the Asian alpha fund.
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Fidelity adds European fund to fast range
9 Feb 2012
Fidelity Worldwide Investment has added to its Fidelity Active Strategy (Fast) range with the addition of the Fast European opportunities fund.
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Fidelity launches global high yield fund
28 Feb 2012
Fidelity Worldwide Investment is to launch a global high yield fund for managers Peter Khan and Ian Spreadbury.
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Fidelity's Lodha: Oil values are unsustainable
23 Feb 2012
Fidelity’s Amit Lodha is positioning the global real asset securities fund in anticipation of a falloff in oil prices.
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First State looks to EM bonds
13 Feb 2012
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First-time buyer mortgages up 7% in December
13 Feb 2012
House purchase volumes were stable, increasing 1% between November and December.
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Fixed decade from Barclays/Woolwich
13 Feb 2012
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For the journey
Online - February 2012
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Ford wants Keydata probe ban over email breach
22 Feb 2012
Keydata founder wants anyone from the FSA who saw protected emails taken off the case.
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Former Threadneedle trader investigated for alleged rogue trade
22 Feb 2012
A former trader at Threadneedle is being investigated after an alleged rogue trade was stopped by the asset manager.
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Forward thinking
Online - February 2012
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Four men plead guilty to stock exchange bomb plot
1 Feb 2012
Four men said to have been inspired by al-Qaeda have pleaded guilty to a plot to detonate a bomb at the London Stock Exchange.
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FPC must make sure it is listened to
13 Feb 2012
The Financial Policy Committee must make sure it is not ignored - as it has been by Barclays.
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Friends comes top in Greenwich corporate pensions ratings
10 Feb 2012
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FSA admits legacy ban will push up RDR cost
27 Feb 2012
Regulator had argued previously the legacy ban was priced into earlier RDR cost estimates.
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FSA announces pension transfer rule changes
28 Feb 2012
Reforms to the way transfers from DB to DC schemes are calculated could prevent an undervaluation of benefits of up to £20bn.
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FSA annual costs up by 16%, MAS budget doubles to £87m
2 Feb 2012
Regulator’s proposed budget for 2012/13 is £578.4m, compared to £500.5m for 2011/12.
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FSA awarded legal costs over "unreasonable" referral proceedings
17 Feb 2012
Regulator successfully defends decision to remove permission of accountancy firm.
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FSA bans and fines mortgage broker
24 Feb 2012
The FSA has fined Devon-based Mark Joseph Laurenti of Independent Mortgage Advisory Service Limited.
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FSA complaint over adviser supervision failure rejected
23 Feb 2012
Client was seeking compensation from FSA claiming the regulator failed to supervise their adviser.
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FSA fines Derbyshire firm £97,600 over Ucis failings
15 Feb 2012
The FSA has fined Derbyshire firm Topps Rogers £97,600 for failings related to its unregulated collective investment schemes.
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FSA fines ex-Merrill Lynch International director £350k
16 Feb 2012
Regulator has fined former MD in corporate broking for disclosing inside information.
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FSA gains injunction against spread bet returns firm
21 Feb 2012
Interim injunction granted by the High Court regarding the Churchgate Trading Syndicate.
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FSA indefinitely delays individual registration for mortgage brokers
10 Feb 2012
In December, regulator announced it was delaying individual reg until 2012/13.
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FSA launches UBS investigation
3 Feb 2012
The FSA and the Swiss regulator Finma to commence investigation.
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FSA may block Lloyds branch sale
9 Feb 2012
Reports suggest the FSA is nervous about the Co-op’s IT capabilities.
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FSA offers clarity for firms operating hybrid advice models
27 Feb 2012
FSA guidance says firms offering restricted and independent services post-RDR may need two trading names to separate services.
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FSA orders Threadneedle report following rogue trade - reports
24 Feb 2012
The FSA has ordered Threadneedle to carry out a review of its systems and controls after a suspected rogue trade, according to reports.
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FSA produces final guidance for Difs
27 Feb 2012
The FSA says that firms can be independent and still recommend distributor-influenced funds.
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FSA publishes RDR progress guide for advisers
13 Feb 2012
Regulator helps firms assess progress on professionalism standards, choosing between independent and restricted advice, and charging fees.
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FSA refers life settlements distribution agent to enforcement
20 Feb 2012
The FSA has referred London-based Catalyst Investment Group to its enforcement and financial crime division.
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FSA refuses to budge on re-reg advice definition
27 Feb 2012
FSA confirms platform re-registration classed as non-advised post-RDR, therefore allowing legacy commission to continue to be paid.
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FSA says no evidence of investment bond bias
27 Feb 2012
Regulator rejects IMA’s argument that allowing trail to continue for fund switches within life products will distort the market.
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FSA sets out 'specialist' independent advice boundaries
27 Feb 2012
FSA says firms can specialise in specific forms of advice and still meet independence requirements
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FSA sets out when trail can be paid post-RDR
27 Feb 2012
Regulator responds to industry feedback over lack of clarity of how the legacy commission ban will affect trail commission.
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FSA shuts down sale and rent-back market
3 Feb 2012
The FSA has today published a report that shows most sale-and-rent-back transactions were either unaffordable or unsuitable and never should have been sold.
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FSA UK banking head steps down
22 Feb 2012
Head of large complex UK banks Mandy Spink has decided to leave the regulator.
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FSA updates RDR FAQs
28 Feb 2012
Regulator updates guidance on the 10 most frequently asked questions at RDR roadshows following industry feedback.
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FSA warns on 'default' suitability of independent advice solutions
27 Feb 2012
The regulator says investment tools must not be the default solution for all clients.
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FSA: Industry is not learning from past misselling scandals
24 Feb 2012
Regulator says industry only has itself to blame for low consumer confidence in financial services.
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FSCS offers early settlement discount to Keydata IFAs
14 Feb 2012
Compensation scheme is making the offer to Keydata distributors with claims against them of less than £50,000.
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FTSE rises on Greece and China news
20 Feb 2012
FTSE 100 rises amid hopes for a new bailout for Greece.
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FTSE rises on Greece austerity vote
13 Feb 2012
The FTSE 100 has risen in early trades on the back of the decision by Greek MP’s to pass a new austerity package.
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FundsNetwork seals Barclays Stockbrokers tie-up
22 Feb 2012
Barclays Stockbrokers appoints Fidelity FundsNetwork as its exclusive fund platform.
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Further £50bn QE likely
6 Feb 2012
The Bank of England is expected to announce a further round of QE on Thursday.
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Garry Heath: Aifa is trapped and must be reformed
1 Feb 2012
Garry Heath says Aifa has no bargaining tools in the face of a basket-case RDR.
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Geffen defends Neptune income fund
14 Feb 2012
Robin Geffen has spoken out against the inclusion of the Neptune income fund in Principal Investment Management’s “grey list” study of UK equity income funds.
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Geffen fires warning to Prudential over Hong Kong move
29 Feb 2012
Neptune founder says move raises concerns over Prudential’s “financial health”.
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Gilliat Financial Solutions – Dual Defensive Kick Out – April 2012
23 Feb 2012
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GLG to soft close Japan fund until liquidity improves
13 Feb 2012
The £1.1 billion GLG Japan CoreAlpha fund will be soft closed next month.
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Global economy in ‘painful deleveraging process’, says Liontrust
27 Feb 2012
James Inglis-Jones has warned that the global economy is in a “very painful deleveraging process” after debts increased to unprecedented levels.
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Google axes UK mortgage plans
8 Feb 2012
Google has scrapped plans for a UK mortgage comparison service after closing its US version.
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Government considers £50K annual allowance cut
14 Feb 2012
The Government is considering proposals to cut the annual allowance for tax-privileged pension saving, according to reports.
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Government ignores TSC warnings over BofE governance
7 Feb 2012
TSC not given veto over future Bank governor appointments.
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Government tightens asset-backed pension contribution rules
22 Feb 2012
PricewaterhouseCoopers says changes to HMRC rules will force pension schemes to revisit previously agreed funding deals.
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Govt must do more to encourage saving, says think tank
13 Feb 2012
The IPPR says Government must help “squeezed generation” to save if they want to boost home ownership.
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Govt urged to address small pot advice problem
1 Mar 2012
Open letter to ministers and the FSA calls for urgent ’retirement incomes summit’ to address concerns of post-RDR advice gap for small pension funds.
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Govt wants European workers exempt from auto-enrolment
20 Feb 2012
DWP says auto-enrolling staff working in UK for firms based in Europe would be “complex and costly”.
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Grant Thornton appoints head of financial planning
15 Feb 2012
Grant Thornton has appointed Coutts & Co managing partner Martin Young to grow its financial planning team.
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Greece downgraded after bailout deal
23 Feb 2012
Fitch Ratings has downgraded Greece’s credit rating to C after the country came to an agreement on the terms of a second bailout package.
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Greece downplays S&P selective default downgrade
28 Feb 2012
S&P has cut Greece’s credit rating to “selective default”.
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Greece passes controversial austerity package
13 Feb 2012
Austerity package passed as rioting erupts across the country.
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Gross lending up 10% year-on-year in January
20 Feb 2012
Gross mortgage lending totalled £10.5bn in January.
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Halifax increases SVR cap
28 Feb 2012
SVR increased from 3% above base to 3.75% above base for certain customers.
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Halifax Intermediaries ups max LTV to 90% for new-build houses
2 Feb 2012
Previous maximum LTV was 80%.
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Hargreaves reports 28% profit rise despite fund sales slowdown
9 Feb 2012
Hargreaves grew its pre-tax profits to £72m in the six months to December 31.
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Head start for Ellipse group income protection
24 Feb 2012
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Helm Godfrey launches small pots annuity service
14 Feb 2012
The adviser firm’s iRetire service offers customers with pension pots of £20,000 or more advice on their retirement options.
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Henderson drops absolute return label from European fund
21 Feb 2012
Firm renames £8m European absolute return fund as the Henderson Gartmore European equity long/short fund.
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Henderson pre-tax profits jump 58%
29 Feb 2012
Henderson Group has reported underlying pre-tax profits of £159.2m in for 2011.
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Henderson to merge away 12 funds
14 Feb 2012
Henderson has announced plans to merge away 12 funds as it continues to rationalise its range following the acquisition of both New Star and Gartmore.
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High levels of opt-outs amongst younger workers predicted
6 Feb 2012
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HMRC confirms VAT-exempt advice guidance
29 Feb 2012
Advice process will be exempt where clients are looking to take out a retail investment product.
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HMRC extends Liechtenstein Disclosure Facility
8 Feb 2012
2,000 UK taxpayers have come clean under the agreement.
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HMRC suspends business record checks
6 Feb 2012
After criticism of regulatory burden on small firms, HMRC review says new, more targeted approach is needed.
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HMRC tightens up oversight of large tax settlement deals
27 Feb 2012
Move comes after MPs criticism of tax deal involving Goldman Sachs which “ripped-off” taxpayer to tune of £10m.
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HMRC to amend annuity adviser charging rules
22 Feb 2012
HMRC will not force people to take an adviser charge from pensions tax-free cash.
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HMRC to launch 30 tax dodger task forces
23 Feb 2012
Teams to focus on high risk sectors including fashion industry and motor trade.
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Holloway Friendly pays 96% of IP claims
14 Feb 2012
Payout rate is increase on 95.5% of claims paid out in 2010.
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Honister Capital chief exec steps down
29 Feb 2012
Honister Capital chief executive Richard Pearson is leaving the firm after less than a year in the role.
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Horlick launches Rockpool Investments
28 Feb 2012
Nicola Horlick, chief of Bramdean Asset Management, will chair a newly-launched private equity investing business, Rockpool Investments.
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How the Chancellor's new control powers will work
7 Feb 2012
Power depends on Bank informing Chancellor of material risk to public funds - but what if governor and Chancellor disagree, again.
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HSBC could face US criminal charges and "significant" fines
29 Feb 2012
The bank is reportedly being investigated over possible violations of the US Bank Secrecy Act.
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HSBC reports 12% rise in gross mortgage lending in 2011
27 Feb 2012
HSBC has reported gross mortgage lending of £13.2bn for 2011, up 12.2% on the £11.8bn it lent in 2010.
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HSBC to claw back bonuses for misselling
27 Feb 2012
HSBC is set to strip executives of thousands of pounds in bonuses for misselling almost £300m of long-term care bonds to elderly customers.
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If you do nothing else this month...platform reviews
Online - February 2012
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IFA jailed for stealing over £1m from clients
24 Feb 2012
Derbyshire-based former IFA Malcolm Green admitted 42 counts of fraud, false accounting and obtaining money transfers by deception.
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IFA social media pilot launches
29 Feb 2012
Financial technology firm cloudFinS launches pilot to work with IFA firms to create social media networks and remain FSA compliant.
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IFS: HMRC 50p review "too narrow" for proper assessment
1 Feb 2012
The Institute for Fiscal Studies says time should be taken to gather evidence on move.
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Incapital Europe/Morgan Stanley IQ - Morgan Stanley Accumulator Deposit Plan
22 Feb 2012
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Income additions for SLI's MyFolio
24 Feb 2012
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Income fund staple AstraZeneca warns on 2012 earnings
2 Feb 2012
Firm also announces 7,300 job cuts.
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Income protection taskforce arranges sales shortage summit
13 Feb 2012
Summit will take place on April 18 and all major IP providers will be invited.
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Inflows into fixed income funds rocket, says IMA
27 Feb 2012
Fixed income funds started the year with the highest level of retail sales since October 2010, reports the Investment Management Association.
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Insight multi-asset head Pingerra quits
17 Feb 2012
Mike Pingerra, the head of multi-asset at Insight Investments, is to leave the firm.
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Intelligent Pensions recruits John Moret as non-exec chairman
21 Feb 2012
Former Suffolk Life marketing director John Moret joins Intelligent Pensions as non-executive chairman.
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Invesco fund sees value in financials
17 Feb 2012
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Invesco Perpetual - Global Financial Capital Fund
10 Feb 2012
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Invesco Perpetual launches three multi-asset funds
20 Feb 2012
Invesco Perpetual has launched three balanced funds managed by chief investment officer Scott Wolle.
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Invesco’s Read and Causer pulled from SJP fund
22 Feb 2012
SJP is to pull the management of the £235m SJP Investment grade corporate bond fund from Invesco Perpetual’s Paul Read and Paul Causer.
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Investec Structured Products - FTSE 100 3-Year Deposit Plan 32
28 Feb 2012
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Investec Structured Products - FTSE 100 6-Year Kick Out Plan 1
27 Feb 2012
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Investec Structured Products - FTSE 100 Accelerated Growth Plan 32
28 Feb 2012
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Investec Structured Products – FTSE 100 Bonus Income Plan 22
27 Feb 2012
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Investec Structured Products - FTSE 100 Deposit Growth Plan 15
29 Feb 2012
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Investec Structured Products - FTSE 100 Enhanced Kick Out Plan 27
28 Feb 2012
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Investec Structured Products - FTSE 100 Geared Returns Plan 32
29 Feb 2012
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Investec Structured Products - FTSE 100 Kick-Out Deposit Plan 27
27 Feb 2012
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Investment Funds Association merges into Tisa
16 Feb 2012
The Investment Funds Association is to merge into the Tax Incentivised Savings Association to boost its distributor funds efforts.
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Investment returns boost Friends Life with-profits payouts
10 Feb 2012
Friends Life has increased or held bonus rates for the majority of its 1.7 million with-profits customers.
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January house prices down 1.8% year-on-year, says Halifax
6 Feb 2012
Average UK house price now £160,907.
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Judge dismisses 'unsustainable' Towry claims
15 Feb 2012
Full details of yesterday’s court verdict.
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Jupiter's de Blonay makes bank buys in special sits move
16 Feb 2012
Jupiter fund manager Guy de Blonay has invested in a raft of European banking stocks across his £500m financial opportunities fund
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Just Retirement Q2 sales rise 30% to £324m
7 Feb 2012
Provider reports £74m increase in new business in the final three months of 2011, driven by strong annuity and equity release sales.
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Kames Capital calls for clarity over Dilnot report
21 Feb 2012
Kames Capital has called for greater transparency from the Dilnot report, claiming it has left many questions unanswered.
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King defends banks' loss-making asset sales
29 Feb 2012
Mervyn King defended moves by UK banks to sell assets at a loss when he appeared in front of the TSC this morning.
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L&G cuts with-profits bonus rates
16 Feb 2012
L&G cuts bonus rates by 0.25 per cent on average.
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L&G Mortgage Club offers Newcastle 95% LTV fix
14 Feb 2012
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L&G offers Newcastle 95% LTV 2-year fixed
17 Feb 2012
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Labour backs TSC in row over BoE accountability
20 Feb 2012
Labour backs committee proposals for boosting accountability that were rejected by Government.
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Labour demands greater focus on consumer protection
7 Feb 2012
Labour has called for a raft of changes to the Government’s financial regulation plans before it will back the proposals.
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Labour hires Strategic Society Centre director to advise on long-term care talks
15 Feb 2012
Labour has recruited Strategic Society Centre director James Lloyd to advise shadow ministers on forthcoming cross-party talks on social care reform.
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Labour moves to broaden FPC membership defeated
24 Feb 2012
Amendments to give committee more external members and ensure diversity defeated in Parliament
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Labour sets out vision for FPC
21 Feb 2012
Labour wants financial stability regulator to consider UK’s international competitiveness and Government policy.
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Labour wants FCA to be required to publish minutes
27 Feb 2012
After Govt says publication of minutes is a matter for board, Labour tables financial services bill amendment to make it mandatory.
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Labour wants new regulator's 'value for money' remit extended
20 Feb 2012
Call for FCA’s competition objective to be extended to consider how consumers can find appropriate value for money products.
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Labour: We must pass fiscal credibility test
21 Feb 2012
Shadow chief secretary Rachel Reeves turns on Government’s economic record to reinforce Labour’s new fiscally responsible image.
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Leader
Online - February 2012
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Leeds BS makes interest-only changes
20 Feb 2012
Leeds cuts max LTV from 70% to 50% for loans where repayment strategy is the sale of the property.
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Leeds BS reports 25% lending increase in 2011
21 Feb 2012
Society lends £1.2bn in 2011, up 25% on £984m advanced in 2010.
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Legal & General - Growth Plan 5
6 Feb 2012
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Legal & General - Six-Year Growth Deposit Bond 12
6 Feb 2012
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Legal & General cuts charges for index range
1 Feb 2012
Legal & General Investments has cut the charges on its index fund range.
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Legal & General Mortgage Club - Newcastle Building Society 2-Year 6.25% Fixed to 95% LTV
7 Feb 2012
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Legal & General Mortgage Club - Newcastle Building Society 2-Year 5.95% Fixed to 95% LTV
7 Feb 2012
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Lib Dems call for progress on £10k personal allowance
29 Feb 2012
Liberal Democrats sign motion calling for Chancellor to go “further and faster” on coalition commitment
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Lifemark moves closer to liquidation
6 Feb 2012
Proposal to run off the Lifemark portfolio means FSCS is unlikely to recoup industry money paid out to compensate Keydata investors.
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Lifemark vote kick-starts liquidation process
17 Feb 2012
FSCS has also advanced a $10m loan to prop up the Lifemark portfolio.
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Lifesearch in deal with comparethemarket.com
22 Feb 2012
Comparethemarket.com has entered into an exclusive deal with Lifesearch to refer users looking for life insurance to the telephone-based adviser.
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Lloyds announces nearly 1,000 job cuts
7 Feb 2012
Bank is closing its Romford, Newcastle and Scunthorpe site, with its Leeds site also impacted.
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Lloyds Banking Group deputy chairman to retire
27 Feb 2012
Glen Moreno will step down at AGM on May 17.
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Lloyds' buyout arm to bid for Bluefin
13 Feb 2012
LDC, private equity firm ECI Partners, Aon and JLT Group are all reported to be interested in acquiring the Axa-owned advisory business.
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Lloyds leads FOS top 10 complaints list
28 Feb 2012
FOS received 20,310 complaints about Lloyds, and 12, 273 complaints against Barclays.
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Lloyds makes further restrictions to interest-only offering
15 Feb 2012
Lloyds Banking Group is making a number of restrictions to its interest-only offering from tomorrow.
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Lloyds posts £3.5bn loss after PPI hit
24 Feb 2012
Bank posts big loss after setting £3.2bn aside to cover missold PPI.
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Lloyds to clawback senior exec bonuses over PPI misselling
20 Feb 2012
Former Lloyds chief executive Eric Daniels will lose at least £360,000 of his 2010 bonus, while four other directors are each set to lose £250,000.
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Logical addition to smaller companies range by Standard Life Investments
13 Feb 2012
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LV= Flexible Transitions Account Low Cost Option
22 Feb 2012
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LV= launches 0.25% AMC Sipp option
13 Feb 2012
The new product has an annual service charge of 0.25 per cent and offers investors the choice of 130 funds from 16 fund managers.
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LV= launches free trust builder tool
21 Feb 2012
Tool helps advisers write new and existing life policies in trust.
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LV= pays 95% of protection claims in 2011
15 Feb 2012
LV= pays 91% of IP claims, 88% of CI claims and 100% of life claims.
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M&G tops sales table for third consecutive year
14 Feb 2012
M&G has topped the list of fund manager sales of investment funds in the UK in 2011, according to the Pridham report published by Fundscape.
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M&G's Lord warns Bank switch to CPI could create two-tier gilt market
23 Feb 2012
M&G inflation linked corporate bond fund manager Ben Lord says a switch to CPI-linked gilts could create a two-tier gilt market.
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Man jailed for seven years over £8m mortgage fraud
21 Feb 2012
Mohammed Asif Younas submitted 33 fraudulent applications in two month period.
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Margaret Cole to leave FSA
15 Feb 2012
Managing director and FSA board member Margaret Cole will leave the regulator later this year.
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Mark Lyttleton to step down from BlackRock UK fund
21 Feb 2012
BlackRock’s Mark Lyttleton is to stand down as fund manager of the £447m BlackRock UK fund.
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Martin Currie merges funds
29 Feb 2012
Martin Currie has merged the £44m global fund and £28m North American Alpha fund into existing funds in the range.
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Martin Werth: Reality has struck the protection market
14 Feb 2012
Martin Werth says people have finally realised the importance of having protection cover.
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Merchant Capital - Deposit Plan: FTSE Bull & Bear issue 1
10 Feb 2012
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Merchant Capital - Growth Plan - FTSE Bull & Bear Issue 2
6 Feb 2012
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Merchant Capital appoints Reyker Securities to take over as custodian
17 Feb 2012
Merchant Capital has appointed Reyker Securities to handle client monies in its structured products division to replace Pritchard Stockbrokers.
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Merchant Capital goes with the flow
17 Feb 2012
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Merchant Capital introduces bull & bear deposit
16 Feb 2012
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Merchant Capital makes plans after FSA action on Pritchard
13 Feb 2012
Merchant Capital has been forced to make provisions for its structured products division after the FSA took action over Pritchard Stockbrokers.
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Merchant Capital unsure whether clients will suffer economic loss
16 Feb 2012
Structured product provider is awaiting news on the implications for client monies after the FSA suspended Pritchard Stockbrokers authorisation.
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Merchant won't rule out income delays after stockbroker suspension
22 Feb 2012
Merchant House Group has refused to rule out delays to Merchant Capital investors’ income payments.
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Meteor Asset Management - 3-Year Defensive Growth Plan
5 Feb 2012
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Meteor Asset Management - Premium Kick-Out Plan
22 Feb 2012
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Meteor Asset Management - Prima Platinum Plan 15
15 Feb 2012
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MetLife confirms guarantee tie-up with BlackRock
27 Feb 2012
Charges on new managed wealth portfolio funds start from 0.4 per cent, with product charges from 0.35 per cent.
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MM Podcast: Tax efficiency or tax avoidance?
16 Feb 2012
New Economics Foundation and International Financial Centres Forum go head to head on offshore centres and tax.
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Money Advice Service defends A4e relationship
24 Feb 2012
Police are investigating fraud allegations at A4e, which delivers face-to-face advice for the MAS.
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Morningstar promotes Romer-Lee to MD of Euro business
21 Feb 2012
Morningstar has appointed Richard Romer-Lee as managing director for the firms’ European investment consulting business.
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Mortgage broker jailed for fraud
2 Mar 2012
A fraudulent mortgage broker has been sentenced to two and a half years in prison following an investigation by financial investigators from the Metropolitan Police Service.
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Most people have zero risk appetite, FSA finds
3 Feb 2012
The majority of people have no risk appetite at all when it comes to investments, the latest research by the FSA shows.
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MPC split over size of QE required
22 Feb 2012
David Miles and Adam Posen voted for £75bn extra QE, instead of the £50bn announced.
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MPs launch workplace pension inquiry
27 Feb 2012
Work and pensions committee seeks to add to findings of its auto-enrolment inquiry.
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MPs say Govt must help stimulate LTC market
8 Feb 2012
Health select committee moves to make sure people can buy products to cover costs of long-term care.
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MPs warn regulatory change could create 'defective' system
28 Feb 2012
The Treasury select committee has attacked the Government’s latest proposals for the FCA .
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Mutuals' gross mortgage lending up 32%
29 Feb 2012
Gross mortgage lending up 32% and approvals up 54% in January.
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N&P forced to withdraw 3.99% 10-year fixed
6 Feb 2012
Lender says unprecedented demand has forced it to withdraw product.
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NAB to carry out strategic review of Clydesdale and Yorkshire
7 Feb 2012
UK economic performance and eurozone crisis prompts review of UK businesses.
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NAPF: Savers face £1bn hit from 'unfair and opaque' annuity system
4 Feb 2012
Joint report by the National Association of Pension Funds and the Cass Business School calls for a range of fundamental reforms to the way people shop around for a retirement income.
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Narrow margin
Online - February 2012
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Nationwide launches Isa account for FTBs
13 Feb 2012
Lender launching tax-free savings account aimed at FTBs saving for a deposit.
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NatWest Intermediary Solutions - Corporate Range 18-Month Tracker
29 Feb 2012
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NatWest Intermediary Solutions - Corporate Range 2-Year Fixed Rate
29 Feb 2012
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Net retail sales fall 40% in 2011, IMA stats
3 Feb 2012
The IMA has seen net retail sales fall 40 per cent to £18bn in 2011.
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New directory launches for online advice sources
6 Feb 2012
Guide to Advice will feature independent, restricted and simplified advice firms, plus money coaching and execution-only services.
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New range of BTLs from the Mansfield
10 Feb 2012
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Octopus Investments caught up in Glasgow Rangers admin woes
17 Feb 2012
Ticketing firm owned by Octopus Investments has been caught up in the Rangers FC administration saga.
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OFT chief executive John Fingleton resigns
23 Feb 2012
The Office of Fair Trading chief executive John Fingleton is leaving the firm after seven years.
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ONS stats confirm Isas more popular than pensions
29 Feb 2012
A J Bell marketing director Billy Mackay says it is the first time Isa saving has outstripped personal pension saving since 2001/02.
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Openwork sets up adviser loan deal
28 Feb 2012
The cash flow finance initiative will give advisers access to loans with Openwork paying broker fees.
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Parliament debates unlimited liability for directors
29 Feb 2012
Parliament set to debate proposals for financial institution directors to face unlimited liability for firm’s losses.
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Paymentshield faces legal action for slashing commission
6 Feb 2012
Broker alleges commission cut is a breach of contract.
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Pensions industry urged to build compulsory annuity "clearing house"
27 Feb 2012
Centre for Policy Studies research fellow Michael Johnson says proposal would improve transparency and introduce “pricing tension” in the market.
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Pensions regulator bans three trustees for "serious and persistent" investment breaches
8 Feb 2012
An investigation by The Pensions Regulator reveals the “vast majority” of investments made by the Hugh Mackay trustees were in property ventures.
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Pensions regulator to scrutinise multi-employer schemes
29 Feb 2012
TPR highlights concerns in document outlining its approach to the regulation of employers and pension schemes ahead of automatic enrolment.
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Personal Touch CEO Doug Crawford steps down
8 Feb 2012
Crawford replaced by non-exec Max Wright until replacement is found.
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Phoenix Group terminates talks with private equity firm
10 Feb 2012
Phoenix Group has terminated takeover talks with private equity firm CVC.
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Phoenix to hold annual with-profits bonuses at "low to nil"
20 Feb 2012
Closed life provider gives priority to final bonus rates and warns annual bonus rates will be “low to nil” in the short-term.
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Poor pension choices could equate to 5 years of extra contributions
9 Feb 2012
NAPF and PPI report says high charges and poor annuity choices could slash retirement income.
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Posen: "Credit ratings not be all and end all"
29 Feb 2012
MPC member Posen says UK’s economic credibility would withstand a downgrade.
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PosSol chief exec Jim Reeve steps down
22 Feb 2012
Positive Solutions chief executive Jim Reeve is leaving the firm to be replaced by commercial director Peter Coleman.
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PPI redress hit £1.9bn in 2011
22 Feb 2012
Payments hit £441m in December, the largest month yet for PPI payouts.
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Practitioner Panel warns FCA will be able to ignore it
28 Feb 2012
The Financial Services Practitioner Panel says FCA must retain requirement to explain rejected panel recommendations.
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Principality’s mortgage lending climbs 7% to £1bn in 2011
2 Feb 2012
Lender makes £24.5m profit in 2011, 20.5% on £30.8m profit the year before.
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Private equity firm takes joint control of wrap provider FNZ
8 Feb 2012
General Atlantic has taken joint control of wrap software provider FNZ Group, alongside HIG Capital and FNZ senior management.
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Prosper and Act tread the boards with theatre EIS
8 Feb 2012
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Pru rolls out financial planning service
7 Feb 2012
Service will target existing customers who came to the Pru through its direct sales force.
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Prudential cuts annual with-profits bonus rates
28 Feb 2012
Prudential says the reduction in annual bonuses was “inevitable” as economic uncertainty impacts on investment returns.
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Prudential may move headquarters to Hong Kong
27 Feb 2012
Prudential is looking at plans to switch its main headquarters from London to Hong Kong in response to regulatory burdens from Solvency II.
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PSigma set to wind up European income fund
28 Feb 2012
The PSigma European income fund is to close after failing to attract new investors.
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PTFS chief exec Doug Crawford to join conveyancer
13 Feb 2012
Crawford will join My Home Move in April as its new chief executive.
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Punter Southall acquires PSigma Asset Management
3 Feb 2012
Punter Southall Group has taken 100% ownership of joint venture PSigma Asset Management.
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Punter Southall buys rest of PSigma
6 Feb 2012
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QE3 piles more pain on pensions
9 Feb 2012
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Quick off the benchmark
Online - February 2012
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RAM and Goldfield follow up solar EIS
10 Feb 2012
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RAM Capital Partners/Goldfield Partners - Gaia Power Systems
29 Feb 2012
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Rathbone Unit Trust Management - Fund Range update
20 Feb 2012
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Rathbones launches RDR share classes
16 Feb 2012
Rathbone Unit Trust Management is to launch clean fee share classes across its fund range from March.
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Rathbones reports 30% increase in pre-tax profits
21 Feb 2012
Rathbone Brothers has reported a 30% increase in pre-tax profits for the year to December 31, 2011.
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Raymond James advisers express anger over Towry allegations
15 Feb 2012
Anger expressed over Towry’s unfounded allegations that they conspired to break their Edward Jones contracts.
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RBS bankers arrested in HMRC tax probe
13 Feb 2012
Four current RBS staff, one former employee, and staff from two other banks have been arrested in a tax fraud investigation, according to reports.
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RBS posts £2bn loss for 2011
23 Feb 2012
RBS hands out £785m in bonuses despite reporting a loss of £2bn.
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Regulators sound alarm over "dodgy" pension loan deals
25 Feb 2012
Joint investigation by The Pensions Regulator, the FSA and HMRC reveals £200m has been transferred into pension loan schemes.
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Reinsurer says certain death benefits are overlooked
7 Feb 2012
RGA warns advisers their customers could be missing out on benefits when claiming under life policies.
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Repeat offender Swip leads Bestinvest "dog" funds list
21 Feb 2012
Bestinvest has revealed that more than £9.2bn was held in underperforming dog funds.
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Repossession avoidance firm opens doors to intermediaries
28 Feb 2012
Firm decides to offer services through intermediaries two years after setting up.
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Repossessions up 5% year-on-year in Q4 2011
9 Feb 2012
There were 8,500 repossessions in Q4 2011 compared to 8,100 the year before.
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Research engine
Online - February 2012
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Research highlights 'unacceptable' cautious fund underperformance
9 Feb 2012
The number of underperforming funds on Chelsea Financial Service’s RedZone list has “fallen dramatically” at the start of the new year.
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Rob Sinclair: The agenda for a new Ami
22 Feb 2012
Rob Sinclair says the new Ami faces a number of challenges in the next few months.
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Rock sale to Virgin Money was 'best deal for taxpayer'
28 Feb 2012
UKFI says Northern Rock sale will bring in £1bn in total with repayment of Government loans netting £11bn in next 15 years.
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RSM Tenon appoints former Matrix CEO as chief exec
15 Feb 2012
RSM Tenon has appointed former Matrix CEO Chris Merry as its chief executive officer.
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RSM Tenon to cut 10% of jobs in bid to reduce costs
29 Feb 2012
Firm plans to make an annual saving of £14m.
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Saffron BS sells IFA business to Towergate
14 Feb 2012
Deal sees firm, under Towergate’s stewardship, providing advice to Saffron customers.
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Sam Liddle to leave MAM this month
24 Feb 2012
MAM fund manager Sam Liddle will leave the firm at the end of the month to pursue business interests outside of the asset management industry.
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Sanlam UK to offer "hybrid" advice model
23 Feb 2012
Sanlam UK has partnered with Wiltshire-based financial planning firm Statehouse Financial Management to offer its clients hybrid advice model.
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Santander fined £1.5m over structured product marketing
20 Feb 2012
Regulator has fined Santander over lack of clarity of how FSCS compensation would relate to its structured products.
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Santander reduces interest-only LTV to 50%
8 Feb 2012
The change applies to both Santander and Abbey for Intermediaries’ lending criteria from Friday.
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Sants warns of 'tick box regulation' from Europe
6 Feb 2012
FSA chief executive believes European approach to regulation creates a ’bias to data’ which goes against individual risk assessment of firms.
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Saving into occupational pensions at 15-year low
24 Feb 2012
ONS figures show 48 per cent saving into workplace pensions, mostly in the public sector.
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Schroders to launch Asia smaller companies fund
13 Feb 2012
Schroders is to launch an Asia and emerging regions “discovery” fund investing in smaller companies.
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Schroders to launch European total return fund
27 Feb 2012
Schroders will launch an offshore fund targeting European equities for one of its new recruits next month.
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Schroders to launch strategic bond fund
7 Feb 2012
Schroders is to launch a strategic bond fund for ex-GLG manager Gareth Isaac and former UBS head Bob Jolly.
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SCM slams US asset managers over portfolio disclosure
14 Feb 2012
SCM Private has also warned that absolute return funds could be the next misselling scandal.
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Scot Wids to re-enter IFA annuity market and exit offshore bonds
7 Feb 2012
Provider is also researching future entry into the IFA protection market following a strategic review.
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Simple products steering group starts work
8 Feb 2012
Treasury launches group with task of aiding development of suit of simple financial products
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SJP appoints former Sunday Telegraph editor as non-exec
22 Feb 2012
Baroness Patience Wheatcroft to join as a non-executive director.
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SJP sees distribution profits rise 5 per cent
22 Feb 2012
St. James’s Place announces pre-tax profits rise of 5 per cent for distribution business.
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SJP switches equity and bond mandate to Pimco
27 Feb 2012
The recent launch of a multi-asset fund by SJP will result in the American firm Pimco replacing Jupiter Asset Management on a mandate worth more than £500m.
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Skandia appoints head of UK distribution
22 Feb 2012
Skandia Investment Group has appointed Warren Tonkinson as head of UK distribution
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Skandia tops The Platforum Q4 leaderboard
24 Feb 2012
Skandia has finished top of The Platforum leaderboard while Nucleus and Novia both pick up adviser awards.
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Skipton Building Society - 2-Year Fixed Buy-to-Let to 70% LTV
16 Feb 2012
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Skipton Building Society - 2-Year Fixed Buy-to-Let to 70% LTV: Low Fee Option
16 Feb 2012
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Skipton Building Society - 3-Year Fixed Rate Buy-to-Let to 70% LTV
16 Feb 2012
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Skipton Building Society - 5-Year Fixed Buy to Let to 70% LTV
15 Feb 2012
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Spicerhaart surveyor subsidiary goes into liquidation
16 Feb 2012
Parent Spicerhaart says it put surveyor into liquidation due to “spurious” claims regarding alleged false valuations.
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St James Development - London Property Fund
29 Feb 2012
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Standard Chartered chief risks FSA inquiry over share deal
14 Feb 2012
Standard Chartered Asia chief executive Jaspal Singh Bindra used 153,000 bank shares as security for a £2.1m loan.
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Standard Life Investments - MyFolio Managed Income I
9 Feb 2012
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Standard Life Investments - MyFolio Managed Income II
9 Feb 2012
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Standard Life Investments - MyFolio Managed Income III
9 Feb 2012
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Standard Life Investments - MyFolio Managed Income IV
9 Feb 2012
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Standard Life Investments - MyFolio Managed Income V
9 Feb 2012
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Standard Life Investments - MyFolio Multi Manager Income I
8 Feb 2012
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Standard Life Investments - MyFolio Multi Manager Income II
8 Feb 2012
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Standard Life Investments - MyFolio Multi Manager Income III
8 Feb 2012
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Standard Life Investments - MyFolio Multi Manager Income IV
8 Feb 2012
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Standard Life Investments - MyFolio Multi Manager Income V
8 Feb 2012
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Standard Life takes global approach to smaller companies
13 Feb 2012
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Standard Life's Robertson heads four new entries into Principal black list
13 Feb 2012
The £705m Standard Life UK equity high income fund leads a list of four new entries into the Principal black list.
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Sting in the retail perspective
Online - February 2012
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Tax fraudsters can come clean and avoid criminal prosecution
1 Feb 2012
New HMRC contractual disclosure facility is now in force.
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TBMC - Hinckley & Rugby 3.25% Two-Year Discounted Buy-to-Let
13 Feb 2012
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Teachers Building Society - Intermediary Exclusive 2-Year Discounted Variable Rate Mortgage
16 Feb 2012
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Terry Smith lambasts Goodwin knighthood decision
2 Feb 2012
Fundsmith chief executive Terry Smith has criticised the decision to strip Fred Goodwin of his knighthood.
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The 10 things customers should know about income protection
14 Feb 2012
The Protection Review and the Income Protection Task Force have produced a top 10 list of things customers should take into account when buying IP.
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The angry view from a closed-life call centre
15 Feb 2012
Call centre worker has a few things to get off his chest about IFA professionalism.
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The MPs who will scrutinise financial regulation plans
9 Feb 2012
The committee will meet on February 21 and conclude by March 20.
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Think tank calls on FSA to abandon 16% budget hike
6 Feb 2012
Institute for Economic Affairs says rise will hit consumers and should be reversed.
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Threadneedle Investments - European Absolute Alpha Fund
22 Feb 2012
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Ticketus money used by Whyte to takeover Glasgow Rangers
21 Feb 2012
£18m of the assets in the Octopus protected EIS has been accounted for and was used to pay off Rangers’ debt to Lloyds Banking Group.
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Tisa appoints new chairman
28 Feb 2012
Tony Solway replaces John Brasington who steps down after 12 years in the role.
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Tories slam Miliband over donations from "predatory capitalist"
22 Feb 2012
Conservatives attack Labour “hypocrisy” for taking donations and giving job to “asset stripper” Andrew Rosenfeld.
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Towry agrees to pay over £930k in legal costs
14 Feb 2012
Towry has agreed to pay Raymond James legal costs in full plus VAT after it lost its case at the High Court earlier today.
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Towry case will spark more non-dealing clauses in adviser contracts
15 Feb 2012
Law firm says more firms will look to impose non-dealing clauses in their adviser contracts in the wake of the Towry V Raymond James High Court case this week.
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Towry judgment: Judge criticises 'argumentative' Towry evidence
14 Feb 2012
Allegation made by Towry that former Edward Jones “conspired” to breach their contracts were “without foundation”.
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Towry loses Raymond James court case
14 Feb 2012
All cases against Raymond James and the seven former Edward Jones advisers have been dismissed.
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TPR publishes new guides to employers' AE duties
10 Feb 2012
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Tracker fund sales reach record high in 2011, reports IMA
13 Feb 2012
The IMA has revealed that tracker fund sales reached a record high in 2011 of £1.9bn.
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Treasury blocks Barclays tax avoidance attempt
28 Feb 2012
Barclays Bank is the target of a £500m Treasury clampdown on two “aggressive” tax avoidance schemes, according to reports.
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Treasury Committee to grill regulator on MMR
27 Feb 2012
FSA chiefs are to be grilled by MPs on the Mortgage Market Review next month.
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UBS appoints interim head of strategic alliances
28 Feb 2012
UBS Global Asset Management’s head of wholesale for Europe and the Middle East Rob Lay has assumed interim responsibility for strategic alliances.
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UK inflation falls to 3.6%
14 Feb 2012
The UK consumer prices index has fallen to 3.6% per cent in January, according to the Office for National Statistics.
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UK outlook cut as Moody’s takes action on Europe
14 Feb 2012
Moody’s Investors Service has given the UK’s triple-A credit rating a negative outlook.
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UK to enter recession in 2012, warns Niesr
3 Feb 2012
The UK is set to enter recession in the first half of 2012, the National Institute of Economic and Social Research has warned.
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UK unemployment reaches 2.67m
15 Feb 2012
UK unemployment rose by 48,000 to 2.67 million in the three months to December.
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US government waters down Fatca requirements
8 Feb 2012
UK Government agrees to report information to the IRS on behalf of financial firms.
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Virgin Money hires former HML chief
14 Feb 2012
Brian Brodie has joined Virgin as its new operations director.
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Webb floats proposals for "defined aspiration" pensions
8 Feb 2012
Pensions minister Steve Webb says the hybrid scheme would have more flexibility than DB schemes and more certainty than DC schemes.
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WH Ireland acquires Pritchard client list
29 Feb 2012
WH Ireland has acquired the 8,000 private client list and £400m in non-cash assets under management of embattled firm Pritchard Stockbrokers.
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What's the bright idea?
Online - February 2012
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Widows links with B&CE for auto enrolment proposition
1 Mar 2012
Scottish Widows has linked with B&CE’s ‘People’s Pension’ as the provider finalises its proposition ahead of automatic enrolment.
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Woodford: Europe still catching up in banking crisis
23 Feb 2012
Invesco Perpetual income guru Neil Woodford says there is still some ways to go before Europe catches up in addressing the banking crisis.
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Woodford: I am not defensive
27 Feb 2012
Invesco Perpetual’s Neil Woodford says he is uncomfortable with being labelled “defensive”.
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Woolwich to launch tracker-to-fixed hybrid
13 Feb 2012
Mortgage tracks 2.99% above base for two years then switches to 4.29% three-year fix.
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Yorkshire BS lending up 46% in 2011
23 Feb 2012
YBS advanced £4.1bn in new lending in 2011, up 46% on £2.8bn in 2010.
