Treasury select committee member Mark Garnier has urged pro-RDR advisers to contribute to the committee’s consultation. Speaking at a PanaceaIFA RDR event in London today, the TSC member and Conservative MP said the committee needed to know the true balance of IFA sentiment as trade and professional bodies are claiming that MPs are only hearing […]
The FSA has stepped up its attack on unregulated collective investment scheme sales and raised concerns about Ucis sold within a Sipp. Speaking at an FSA investment managers and private equity event in Canary Wharf last week, head of savings and investments Linda Woodall said in some cases IFAs have told customers to remortgage their […]
M&G head of retail fixed interest Jim Leaviss believes the US will lose its AAA credit rating, but not in 2011. Leaviss says France is currently “the AAA economy closest to a downgrade”, while the UK is also under pressure. Leaviss says that the worry is that economic growth will not make the inroads that […]
Mortgage Brain has agreed terms to acquire TrigoldCrystal in a deal which could total £9.9m. A default offer of £6.8m has been made or an alternate offer of cash, loan notes and shares totalling around £9.9m. The TrigoldCrystal board has agreed unanimously and it will now be put to shareholders. It is expected the deal […]
Certification is highly complex and surrounded by a minefield of information and auto-enrolment jargon, which can make it very difficult to understand. However, for many employers it is a necessary process that must be executed successfully.
Advice giant St James’s Place will block access to its investment platform for 10 days while it migrates services to a new provider. SJP tells Money Marketing that the work will affect online service ability for clients between 19 October and 29 October. A spokesman says: “SJP will carry out essential maintenance to our systems as part […]
This summer saw the S&P 500 rule headlines for enjoying the longest-running bull market in history. Yet, as per the old adage, what goes up inevitably comes down, and it is the job of advisers to manage clients’ portfolios accordingly – either directly or via the third-party investment services they use. A crude assumption might […]
There is currently no minimum qualification level, but the majority of advisers think this needs to change The role of the paraplanner is a relatively new one and its definition and responsibilities can differ hugely between firms. According to the Chartered Institute for Securities and Investment, the role can be broken down into four key […]