Collins Stewart has added six funds to its Transact wrap service – the Collins Stewart UK catalyst fund, the continental Europe focus fund, the total return bond fund, the income fund, the growth fund and the balanced fund.
The Financial Services Consumer Panel has called for a ban on commission payments to advisers but also warned that sales bias must be eradicated.Speaking on the release of its annual report, FSCP chairman John Howard says it would be a tough decision for the regulator to take considering “the significant rump in the industry that […]
The FSA has called on advisers and clients to ensure they have their priorities straight over what they want to get out of investing in a fund of hedge funds.It believes some advisers are overly concerned with having limitless knowledge of the issue to ensure they are not in breach of treating customers fairly when […]
Having been closely involved with two of the cases referred to in Adam Samuels’ article headlined, Power Failure at FOS, (Money Marketing, June 14), I do take issue with the main thrust of the article, namely that the FSA looks foolish in declining to raise the ombudsman’s jurisdiction limit. In my opinion, the FSA looks […]
A period of exceptional uncertainty started last Friday for the UK, including a fierce leadership battle in a deeply divided Conservative party, the timing of the trigger of the EU’s Article 50, as well as a potential referendum in Scotland, and Northern Ireland. Click here to read the full article
Platforms should brace themselves for a difficult second half of the year as sluggish Isa sales led to a soft second quarter, consultancy Fundscape says. Fundscape’s latest platform market figures show total platform assets – including the advised and direct-to-consumer sectors – grew by £32bn to £604bn in the second quarter of the year. However, […]
Advisers giving defined benefit pension transfer advice can expect to pay nearly double for their professional indemnity insurance premiums at the next renewal than those who do not advise in that area. QPI, which is part of insurance broker PIB Group, says advisers with DB exposure can expect to pay between 2 per cent and 3 […]
Back in April, I wrote a piece explaining why investors shouldn’t give up on bonds just yet. Given the heightened volatility in equity markets this year, I thought it might be a good idea to take a closer look at this asset class, too. The VIX index, which predicts market volatility and is known as […]