New Treasury Economic Secretary Ed Balls told the Treasury select committee this week that he is unsure about the future of basic advice and that changes are needed to ensure a better balance between simplicity and regulation.
Chelsea Building Society
Three Year Fees Assisted Fixed Rate Mortgage
The Department for Work and Pensions is pressurising the FSA to retain the RU64 rules ahead of this week’s White Paper which will set up the national pension savings scheme. The FSA was expected to abolish RU64, brought in to accompany stakeholder pensions, at a board meeting this week. In a letter to Work and […]
The FSA board has decided today to delay its decision on the future of the RU64 rule.In light of the uncertainty of the implementation of NPSS, the regulator has decided that it would be sensible to put on hold making a decision on RU64 until the position is clearer. The Governments white paper on pension […]
I was on holiday when the first shockwave hit the markets last week.
Picking stocks with strong balance sheets has helped Mark Page find growth – and avoid carmakers – for the Artemis European Opportunities Fund.
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Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]
The recent enquiry by the work and pensions select committee has reignited the debate about the future of collective defined contribution schemes. Whether these sort of schemes can be incorporated into the current UK pensions landscape is a moot point. Let’s consider some of the arguments for and against CDC. First of all, it is […]
Retirement interest-only mortgages are set to become more popular following the FCA removing hurdles to selling them. The regulator sees RIO mortgages as a possible aid to the waves of maturing interest-only loans with no repayment strategy. However, the FCA also wants RIO mortgages to be sold more widely, for example as an additional option […]