Banks have shunned the Bank of England’s second £10bn money auction. This is the second time that the Bank of England has run an auction in an attempt to ensure that lenders do not follow in the footsteps of Northern Rock’s funding crisis.
The FSA has reinforced its message that the proposals in the Retail Distribution Review are industry led initiatives, at the IFP conference in Manchester today.Retail intermediaries sector manager Sharon Campbell repeated the FSA’s mantra that it was members of the industry not the FSA who had constructed the paper.She said: “There’s no point in us […]
The article last week headlined, Misleading claims won big payouts, was not the big story since every IFA in my experience has been only too painfully aware of it for years. On the other hand, what was gut-wrenching was the sentence by Lord David Lipsey, who said that, in his experience, some of those compensated […]
More people are saving for their next holiday than for retirement and over a third are not saving for retirement at all according to a new report from Defaqto.The Retirement Income and Savings report, published today, highlights the complacency that many people have about how they are going to fund their retirement.It found 70 per […]
By Rob Burnett, head of European equities, Neptune After nine years of underperformance versus quality growth, Rob Burnett, manager of the Neptune European Opportunities Fund, believes that value strategies have reached an inflection point. Watch Rob discuss why he believes value is well positioned to resume its historical trend of outperformance. Click here to watch […]
Balance: Wealth Planning managing director on setting up a new firm and being fed up with inadequate systems Advisers are waking up to the fact that younger people are the clients of the future, and Balance: Wealth Planning managing director Rebecca Aldridge is no exception. She is weeks away from launching a second company that will […]
Two professional bodies have joined forces to co-brand and promote an Islamic finance qualification. The Chartered Institute for Securities & Investment’s Islamic Finance Qualification was launched in 2007 and has now got backing from the Association of Chartered Certified Accountants. CISI and ACCA signed a memorandum of agreement regarding their collaboration on the Level 3 […]