FCA sets out reform package for asset management sector
Regulator confirms all-in fee and sets out plans to make fund objectives more clear to investors
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FCA: ‘We are not pro-passive’
Regulator says it is “not the case” that it is focusing on one investment strategy over another
Phil Young: 10 things you need to know about Mifid II
A final policy statement on Mifid II is due at the end of this month. Here are 10 things you need to know about the rules
FCA to launch platform market study next month
The FCA will launch its market study on platforms next month to assess the competition among providers. The Investment Platforms Market Study will look at how adviser and direct-to-consumer investment platforms compete to win new clients and retain existing customers, and determine whether platforms allow investors access to products that offer value for money. The […]
FCA eyes sunset clause for pre-RDR trail
Fund groups say they want clarity from the regulator on whether turning off all trail across their fund ranges is an “acceptable course of action”
Tom McPhail: How can transfers work better for clients?
Tom McPhail sets out the behind the scenes work being carried out to improve transfer processes
FCA eyes investment consultant regulation as ‘big three’ could face investigation
Three major investment consultants still face a referral to the Competition and Markets Authority over conflicts of interest after the FCA rejected efforts they made to stop an investigation. The FCA’s asset management market study final report this morning says there will be a further consultation on whether to refer the ‘big three’ investment consultancies – […]
Hargreaves scraps peer-to-peer lending plans
Hargreaves Lansdown has dropped its plans to set up a peer-to-peer lending platform. The company, which was expected to launch both a P2P lending platform and a cash management service to clients this year, has now decided it will solely focus on the cash management service. Hargreaves Lansdown chief executive Chris Hill tells Money Marketing that […]
Michelle Cracknell joins Lighthouse board
Cracknell will join the board from September alongside Columbia Threadneedle non-exec Ann Roughead
Bank of England warns of Brexit costs to asset managers
The Bank of England’s latest financial stability report has warned on the costs of asset management, alongside banking and insurance, rising following the UK’s exit from the EU. The report says: “If asset management were to fragment between the United Kingdom and Europe, material economies of scale and scope that are currently achieved by pooling of funds […]
Billy Burrows: Is Brexit glass half full or half empty for retirement advice?
It is only a few weeks since we woke up to the news of a hung parliament. So what does the political backdrop mean for us? I am not in the business of making predictions but it is important to ask both ourselves and our clients whether the Brexit glass looks half full or half […]
Which were the best and worst funds for H1 2017?
Eight of the 10 worst performing funds in the first half this year were energy funds and could act as a warning for sector-specific funds that have topped the performance tables over the last six months. The IA Technology & Telecommunications sector delivered 18.3 per cent over the period, only beating the China/Greater China sector, which […]
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ABI hits out at ‘no deal is better than bad deal’ Brexit strategy
The Association of British Insurers has hit out at the Government’s Brexit negotiating strategy that no deal is better than a bad deal. In a speech at the provider trade body’s Brexit conference today, director general Huw Evans will warn that insurers would not be able to stay compliant and serve customers if the UK […]
DB transfers: Two-thirds say drop unsuitable assumption
Money Marketing poll finds majority of advisers do not think starting point should be to assume unsuitability
Wealth managers attacked over charges and promised returns
More than half of the wealth managers investigated failed to provide a breakdown of costs even when pressed to do so
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Stephanie Flanders to exit JP Morgan Asset Management
Flanders will leave the fund group to head up a 120-strong economics desk at Bloomberg
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HMRC fights record number of judicial reviews
The number of challenges mount as the tax profession grows increasingly concerned about the misuse of HMRC powers
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M&G to transfer four funds to Luxembourg over Brexit uncertainties
M&G is to transfer four UK-domiciled funds to equivalent Sicavs on its Luxembourg platform in a “prudent” move amid uncertainties around the Brexit negotiations. The £275bn fund group, which has already outlined plans to launch Sicav funds in Luxembourg, will move £6bn in assets to the continent by November of 2017. Subject to shareholder approval, […]
Boss of pension transfer company Origo departs firm
Chief executive of technology provider best known for its transfer service to stand aside after 10 years at the top
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Pension triple lock to be kept under Conservative/DUP deal
‘Confidence and supply’ deal will see DUP back Tories on key votes such as the Budget
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Why advisers should obey the ‘five Ps’ of marketing
Success comes from communicating the right message, to the right people, at the right time.
Graham Bentley: Will anti-establishment feeling hit fund managers?
Politicians as well as pillars of the investment industry are being shaken by the winds of reform
Blog: Why can’t regulators work together on pension complaints?
In September 2015, the Financial Ombudsman Service and The Pensions Ombudsman set about drawing up a new Memorandum of Understanding between the two complaints adjudicators. While journalistic technique suggests I should have written a ‘grabbier’ introduction to this piece, that’s actually really important. The effective resolution of pensions complaints, particularly over Sipps, is critical to […]
Chris Gilchrist: ‘Real’ investment will defeat the paper shufflers
The remorseless advance of the passive investment movement (for such it is, complete with creed and prophets) leaves active fund management businesses with a dilemma. In theory, they would prefer to fight and claim that their various styles of active management can and do deliver superior outcomes over the timescales that matter to investors. But […]
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Steve Webb: Four ways to improve DB transfer confidence
The FCA needs a clear focus as it reviews the rules
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Steve Bee: The fake war of the generations
The myth that young people support an overly-generous pensions system should be dismissed
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Scott Gallacher: Stop obsessing over charges
Agreeing with the client beforehand is more important than how we charge as advisers
Blog: Why the ‘shrinking advice market’ is a myth
How many advisers are there? That shouldn’t be a purely academic question; if we care about access to good financial planning, then it is a key part of how we should judge our success or failure. I’ve heard the same refrain about a “shrinking market” since I started covering the profession. A frequently quoted statistic […]
Andrew Tully: TVAS rules are not fit for purpose
The dramatic rise in final salary transfers is the most significant trend the world of pensions has seen over the last year. Many people are attracted by the high transfer values currently on offer, as well as the flexibility, control and superior death benefits available. However, some may overlook or not fully understand the longevity […]
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The key to happiness: Being an adviser
Pensions, the weather and Princess Diana. These are said to be the go-to staples of a certain tabloid when news is particularly slow. If there were to be an adviser equivalent, stories about FCA bans and fines, fraud, celebrities and poor advice would be up there. Last week we saw footballer Alan Shearer settle a […]
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Tom Hegarty: The desperate need for adviser apprentices
The question is not what you can do for your apprentice, but what your apprentice can do for you
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Stephen Womack: The benefits of time out of the office
Talking informally with like minded individuals can help advisers see problems in a new light
Tony Wickenden: What the election result means for tax policy
Will the tax changes dropped from the Finance Bill pre-election get through?
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Claire Trott: Protecting clients from lifetime allowance traps
More and more of my conversations with advisers are focused on those clients that have exceeded the lifetime allowance and have either not been eligible for any of the protections available at the time or have invalidated the options before they realised. There is little the adviser can do; a problem compounded thanks to not […]
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What next for DB pension transfer advice?
Pension freedoms have opened defined benefit members’ eyes to the mouth-watering fear advicefer values currently on offer if they give up their guaranteed benefits and move to a defined contribution scheme. At the same time, the FCA’s requirement that people transferring out of a DB scheme with a value of £30,000 or more must take […]
Mike Morrison: Election leaves key savings policies in limbo
So the general election itself is over but the dust has far from settled. As I write, Prime Minister Theresa May is yet to strike a deal with the Democratic Unionist Party to support a minority Conservative Government. Where this leaves the savings industry is far from clear. We can divide some of the key policy issues into […]
David and Goliath: The investment advisers taking on the big players
The small but mighty investment advisers taking on the big players
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Mark Devlin: Turning the annual allowance tax trap into tax relief
With the right of course of action, advisers can help reduce the personal allowance tax trap bill.
Is adviser networking worth it?
Networking can be extremely useful to advisers in businesses that work in isolation. But how do you ensure doing so does not waste precious time?
Election 2017
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MM Wired: Beyond the election – On demand
Title: MM Wired: Beyond the election Date: Thursday 15th June Time: 11am Money Marketing Wired returned in association with The UK Edge on Thursday 15 June with a topical debate on the election results. To see the full on-demand version of this session, please watch the video above. Panelists Stephanie Flanders – Chief Market Strategist (UK […]
Standard Life/Aberdeen merger: What we know so far
MM takes stock of the mega-merger set to shake-up the asset management industry
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Watch: Where do your FCA fees go?
Money Marketing takes a look at where your regulatory bills go after the FCA released its latest levies this week.
Watch: Danby Bloch on what advisers should expect from the Budget
Ahead of the Budget tomorrow, Money Marketing editor Natalie Holt speaks to Helm Godfrey chairman and Platforum consultant Danby Bloch about the backdrop to Chancellor Philip Hammond’s first Budget speech. Bloch discusses the expectation around changes to National Insurance contributions and income tax, and the implications for the self-employed. He also gives his thoughts on […]
The Merchants Trust
Simon Gergel, portfolio manager, The Merchants Trust, Allianz Global Investors, discusses the aim and objective of the fund, what challenges there are in running a concentrated portfolio, where to find the most value in equity markets and how the portfolio is currently positioned.
Changes to capped drawdown tables
The tables used for capped drawdown maximum income calculations have been updated. We look at the reasons for the change and what the impact could be.
Three years of Modi: what next for India?
Kunal Desai, Head of Indian Equities. Three years ago India’s Prime Minister Narendra Modi swept into power in an historic election. The first party in the country’s history to govern without the need for coalition support, Modi’s BJP was voted in on the promise of an impressive reform agenda. Under Modi, India’s macroeconomic health is […]
Sourcing income from equities and bonds…
With bond yields and interest rates stubbornly low, sourcing income remains a challenge. Here, James Foster and Jacob de Tusch-Lec explain their view
The Industrial Revolution: UK property market update
Tim Greenway, Property Analyst at Royal London Asset Management, looks at the opportunities offered by the industrial sector in his latest UK property market update. Read the article here The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not get back […]
Would you take a tennis racquet fishing?
Les Cameron, Head of Technical, explores defined benefit pension transfers from a technical viewpoint, tackling the topics such as transfer values and transfer drivers.
Profile: The Share Centre chief talks tough on new products
The chief executive on his retail sector-inspired plans to help investors make the right choice
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Profile: Darren Cooke on being the face of the pension cold calling ban
Red Circle director on getting his hard-won legislation back on track now the election is over
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Profile: Perceptive’s Billingham on being proud to be an adviser
Perceptive Planning operations director Phil Billingham says advisers should be positive and hold their heads high
