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.
The European markets regulator has expressed concern UK finance companies could make use of loopholes between the UK and EU after Brexit, according to the Financial Times. Speaking at a conference in London, the European Securities and Markets Authority chair Steve Maijoor said this was one of the reasons Esma is seeking to directly supervise […]
Theresa May’s announcement from earlier today that she will step down as prime minister on Friday 7 June brought a new direction to deadlocked British political scene. Yet figures from the investment management sector say her resignation does not spell the end of uncertainty, which has been holding back investment decisions. Hermes Investment Management chief […]
The FCA’s Intergenerational Differences paper highlights the difficulties that people in their late 30s to early 50s face in saving for retirement. How can the industry improve their prospects? Grouping people according to age, gender, marital status and how wealthy they are is something product providers and advice firms do to tailor their services to […]