The FSA has ordered Chesham Building Society to change three “unfair” terms in its mortgage contract. Following its merger with Skipton, Chesham will no longer offer new mortgages but will change its terms for existing customers.
Which? Money has featured structured products in its top 10 useless financial products list.
OPM Fund Management is selectively increasing emerging market exposure in its balanced managed fund with new positions in Russia and Brazil. The firm has added Neptune Russian & Greater Russia to its balanced managed fund, which also holds the JP Morgan Russian securities investment trust. OPM fund manager Tony Yousefian says the firm’s balanced managed […]
Advisers will be free to take out commercial loans from product providers post-RDR despite the FSA imposing a ban on factoring in order to stamp out provider bias. Writing in this week’s Money Marketing, FSA director of conduct policy Sheila Nicoll (pictured) also confirms that advisers will be allowed to continue to get existing trail […]
Steve Lewis Managing director The Retirement Partnership
What does a well-diversifed portfolio look like? What were the quarterly trends in model portfolios in Q4 2015? The Portfolio Barometer highlights trends uncovered by analysis of 210 model risk-rated portfolios managed by UK financial adviser and wealth management firms in the three months from October to December 2015. The model portfolios under review were […]
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Claims management companies must be more specific on separate permissions and competency when they under the remit of the FCA, according to HM Treasury. Under rules proposed in the Treasury’s latest consultation paper, claims management companies will operate under six sectors – housing disrepair, industrial injuries disablement benefit, personal industry, financial products and services, criminal […]
Knowing what assets each operator will accept and with what conditions is becoming increasingly difficult The recent well-publicised events concerning Sipp operator asset acceptance have focused the mind of a number of advisers. We have been fielding enquiries about our own Sipp and the asset classes we as a Sipp operator would consider. But this […]
Investment trust sales may come under pressure due to new EU rules, experts have warned. The potential benefits of gearing on investment trusts risk being overlooked as new cost reporting rules make them look more expensive compared with open-ended funds. Traditionally, closed-ended funds have looked attractive based on lower costs compared with other structures, as […]