FSA retail markets managing director Clive Briault told an FSA conference this week that identifying firms making slow progress with TCF by March and “bringing them to the stage” will be central to its supervisory work.
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McFall says FSA could learn from ASA on financial advertising
Treasury Committee chairman John McFall MP has written to the FSA to express concern about the its regulation of financial advertising.
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Base rate rise could cost borrowers almost £300m
Egg warns that today’s 0.25% increase in the Bank of England’s base rate could cost borrowers £292m.It says the eight million people with standard variable rate mortgages could collectively be paying substantially more a month more on their mortgages, or on average around £35.92 each.However, Egg says that many people could actually reduce their mortgage […]
The bear essentials
Ihave focused on one of the Miton Optimal funds – the strategic fund – already. It has had a hard time this year due to a big cash bias and its limited ability to buy into alternative asset classes. Miton therefore proposes to launch the Arcturus fund, which will be a non-Ucits retail scheme taking […]
Johnson Fleming's fundraising challenge for CLIC Sargent
Johnson Fleming’s current charity of the year is CLIC Sargent: the UK’s leading cancer charity for children and young people, and their families.
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Can new tools solve the sustainable drawdown conundrum?
Michael Klimes examines if advisers can resolve all drawdown issues themselves or if a wider effort is needed
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Intrinsic pays redress over pension transfer advice complaint
Intrinsic must compensate a client for the pension transfer advice it gave them. According to a Financial Ombudsman Service decision, in 2015 Mrs C was told to transfer her two existing personal pensions valued around £80,000 to a new Sipp provider. This money was placed in a scheme where Mrs C could adopt a dynamic […]
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Phil Wickenden: The gauntlet has been laid for annuities
“There is nothing permanent except change”, so said the “weeping philosopher” Heraclitus circa 500 BC. Few would argue change was not needed in the retirement income market; it is just no one expected it to be so inorganic and non-negotiable. The impact of the pension freedoms Budget bombshell in 2014 was immediate and significant. Revisiting […]