Examples of Barclays’ advisers placing a number of risk-averse customers nearing retirement in a single specialist fund, resulting in huge losses, have done little to alter IFAs’ impression of bank advice.
The most recent rebalancing of the Adviser Fund Index was in November 2008 in the wake of market collapse following the Lehman Brothers’ bankruptcy. Six months on, the AFI is due to be rebalanced again in May as markets tentatively start to rise.
The Chancellor has revealed Government borrowing will be £175bn this year, equivalent to around 12.4% of GDP.
Northern Rock has revealed its arrears rate has increased by more than 25 per cent in the first three months of 2009.
Well, it’s been lovely to see a little bit of sunshine, even if it was only a brief appearance. I live in Scotland so, believe me, it was very brief. Of course, with even the tiniest hint of spring, thoughts turn to the inevitable clearout that must take place. And that got me to thinking […]
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A well-written, well-executed strategic plan is key to enhancing the value of an advice firm
The Pensions Ombudsman and The Pensions Regulator have agreed to share information to increase their understanding of issues in the sector. The agreement follows the FCA and TPR announcing in February they will work together on a strategy to tackle risks in the pensions sector over the next five to 10 years. The agreement announced […]
Platform Alliance Trust Savings continues to be affected by staff departures as three senior executives are understood to have left the business. Money Marketing understands commercial director Ed Carey and customer services director Gordon Murray have recently resigned from their posts. According to LinkedIn, Carey joined ATS in 2016 as sales director before taking on the commercial […]