Mifid will result in legalistic and prescriptive rules, despite the FSA’s bid for a more principles based and simplified Cob handbook. This is because the FSA says it will attempt to use Mifid language in the new handbook, published next year, to avoid gold plating.
West Bromwich Building Society is setting up a separate intermediary arm as it looks to boost business from brokers. West Brom For Intermediaries will be unveiled next week and follows the trend set by Britannia, Portman, Yorkshire and Derbyshire building societies which have all created separate brands for intermediary business. The lender wrote 968m of […]
Standard Life life & pensions chief executive Trevor Matthews believes the development of the wrap market could solve the problem of client retention which is plaguing the life and pension industry . Speaking last week in London at the Institute of Economic Affairs’ conference, entitled, The Future of Life Assurance, Matthews warned the industry that […]
UCB Home Loans will launch two new exclusive products in partnership with some of its national accounts next week.
Miton Optimal and Insinger de Beaufort are becoming increasingly cautious on emerging markets and commodities amid expectations of a short-term correction.
Jamie Clark – Business Development Manager The recent report from the Pensions Policy Institute demonstrates the sheer scale of auto-enrolment so far and what we can expect in the future. We’ve pulled out the key information to save you reading the full report. Auto enrolment in numbers Sources: Pensions Policy Institute, The Future Book: Unravelling […]
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It is encouraging to see the FCA close in on lazy fund management, but more needs to be done Without fanfare, the FCA has confirmed its intention to punish lazy fund management. Several groups have been persuaded into voluntarily compensating investors who bought their beta-posing-as-alpha products, otherwise known as closet trackers. The regulator suggests that […]
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