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Advisers set for Isa season slowdown

Advisers are preparing themselves for a much slower Isa season as the market continues to be rattled by volatility,

Last year, all the major platforms saw strong business, with UK equity income, emerging markets offerings and UK commercial property among the best sellers.

But with the FTSE hovering below 6,000 and UK commercial property taking a big hit, the picture is expected to be very different this year.

Hargreaves Lansdown investment manager Ben Yearsley believes that putting cash in a stocks and shares Isa is likely to be popular move among investors.

He says: “It means that investors will not lose their allowance while having the ability to invest as they choose when the market stabilises. I also think the specialist sector is likely to outstrip UK equity income, given the popularity of a number of different fund offerings, with the exception of UK commercial property.

Chelsea Financial Services managing director Darius McDermott says: “We expect returns to be down. As for favoured funds, you have to look at the strong performance of the Bric nations. Natural resources also looks an attractive proposition but you cannot rule out UK equ-ity income in the long term, given the performance of the likes of Neil Woodford, Bill Mott and Tony Nutt.”


One for the little guys

The Financial Ombudsman Service was left red-faced last week after a County Court judge ruled that it is wrong to charge an adviser a case fee for a rejected case.

FSA replaces menu and IDD

The FSA is to introduce a single simplified disclosure document to replace the payment menu and initial disclosure document.It says this simplifies investment disclosure and gives flexibility to explain charging structures in more detail. The two- page document will be guidance rather than mandatory.The document will be introduced in August and the menu and IDD […]

How can we offer affordable advice?

Assuming we accept that IFAs are allowed to be remunerated for their services (I say assuming because quite patently there are some commentators who believe we should offer our services free of charge), then surely the issue is how can we as a profession offer affordable advice?

US firm Focus starts IFA buys

US wealth management firm Focus Financial Partners has bought Manchester IFA firm Greystone Financial Services, kicking off its aggressive acquisition strategy.The deal is expected to complete in April and will see FFP take on around 5,000 high-net-worth clients and £820m of assets. It is Focus’s first acquisition outside America. It says it now intends to […]

Help, I’ve been appointed as a trustee. What are my responsibilities?

Graeme Robb, Technical Manager at Prudential looks at the key duties and responsibilities of a trustee.  This article will consider the following: Duties to be performed on appointment Investment duties Protecting the interests of beneficiaries Keeping accounts and records Distributing property to beneficiaries Duties to be performed on appointment Obtain a copy of the trust […]


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