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Cofunds goes ahead with cash account

Cofunds is launching its cash account after a successful pilot scheme in November.

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LibDems demanding Omo as default for personal accounts

The Liberal Democrats are calling for the open market option for annuities to be made the default for personal accounts.Shadow Work and Pensions Secretary Danny Alexander has tabled an amendment to the Pensions Bill after research showing that the cost of not using the Omo could be the same as increasing the annual management charge […]

Fee rises bust inflation rate

The annual funding requirement for the FSA in 2008/09 will rise by 6.9 per cent, meaning higher fees for advisers.The regulator generates its AFR through adviser fees, which will increase above the rate of inflation this year. This will encompass the 10 to 15 per cent rise small firms will face this year to fund […]

Rowanmoor funds reach 73m

Rowanmoor Pensions says total funds under administration on its family pension trust now stand at 73m since its launch in October 2006.

Fears grow for fast-track loans

An IFA believes that fast-track mortgages could be leaving the mortgage industry open to unscrupulous brokers.Andrew Oliver and Co managing director Andrew Oliver says he is very concerned about what he considers to be the abuse of fast-track mortgages.Oliver says a former client who wanted a mortgage for £210,000 on a salary of £13,000 with […]

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