Credit Suisse is removing the initial charge on lump-sum investments into its multi-manager funds until the end of April.
There is a short answer to Julian Stevens’ letter about the misselling of payment protection insurance. Before January 2005, the ordinary law of negligence and, for product providers, misrepresentation and non-disclosure applied. For General Insurance Standards Council members, the GISC rules applied. The Private Customers Code 3.2 and 3.3 would have covered this. Adam Samuel […]
Any positive benefits resulting from the move towards principles-based regulation could be cancelled out by industry guidance and firms’ own compliance procedures brought in to support the treating customers fairly initiative, warns the Better Regulation Commission.BRC chairman Rick Haythornthwaite says he supports the FSA’s focus on principles-based regulation and the drastic reduction of the sourcebook […]
M&G says the exclusion of commodities and hedge funds from its new cautious managed multiasset fund will not undermine the diversification benefits of its investment approach.David Jane, who will manage the fettered fund of funds, believes that investment in gold is risky because returns depend on its spot price at any given moment while fixed […]
The DWP has floated the idea of the private sector developing hybrid top-up policies to run alongside personal accounts.Speaking at a Social Market Foundation event in London last week, DWP chief economist Robert Laslett responded to concerns that low personal account contributions will become the norm by sugges-ting the private sector could construct savings vehicles […]
The managers of the Artemis Global Select Fund are buying back some of the equities they took profits in at the start of the year. To watch the video click here
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Will PI cover stand up to the DB transfer test?
Providers are reviewing their marketing packages to advisers at conferences and on websites amid concerns they will fall foul of new inducement rules under Mifid II. Mifid II, which came into force on 3 January, brought in more stringent rules around “non-monetary benefits” from providers to advisers. The rules have been translated into the FCA conduct of […]
A misleading headline rate of unemployment means opportunities are being overlooked by investors