FSA proposals to improve the quality of auditors’ reports on client assets are set to cost regulated firms between £280 and £2,500 a year.
Statistics in isolation can be very misleading but when linked together are most revealing, as follows:1: 2 per cent of complaints come from clients of IFAs (61 per cent from clients of banks) 2: About 45 per cent of IFAs either make a loss or a profit of less than 5 per cent of turnover […]
Shadow Treasury minister David Hanson is calling for the coalition Government to retain the IT systems that enable parents to save for their children through child trust funds. At a fringe event on young people and saving at the Labour conference, Hanson criticised the coalition for abolishing the Government contribution to CTFs. He said: “One […]
Tenet has been granted prior learning accreditation with the Chartered Insurance Institute allowing the company to develop, administer and mark an alternative to the CII’s JO5 exam module. The alternative module gains credits towards the CII’s diploma in financial planning. Tenet advisers will receive tailored course and study materials, and will be able to sit […]
Scottish Widows says 95 per cent of employees would like either financial advice or general information on their retirement savings options. The latest workplace pension report from Scottish Widows show this percentage has increased from 76 per cent in 2009. The research also highlights the very low levels of long-term savings among the under 30s […]
As Europe’s QE goes further than expected, the manager of the Artemis Strategic Bond Fund has upgraded his outlook from “quite” to “very” positive.
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As the outlook for the UK’s economy remains uncertain, how can advisers prepare portfolios for any change in inflation? As higher inflation fails to appear on the horizon and wages grow faster than expected, fund managers are weighing up their portfolio moves for any potential changes in the economy. The UK consumer prices index rose […]
IFA directors Kevin and Cheryl Neal have been banned from being company directors by the Insolvency Service for six and four years, respectively. The married couple ran the now-defunct Hertfordshire-based Kevin Neal Associates Wealth Management. They were disqualified for taking assets from an insolvent company. The firm had been incorporated to take over the business interests […]
Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]