The FSA is publishing research to coincide with a open forum attended by as many of 1500 people from national and network IFAs and providers on the future of polarisation in London on Thursday. The regulator's research suggests many consumers who use tied advisers do so for reasons of trust which may mean they do feel the need to shop around. The regulator also claims the research demonstrates there is an increasing preparedness to pay fees from its research because the public is suspicious about commission bias.
AITC director general Daniel Godfrey has attacked discount broking as “madness” as part of the association's response to the Sandler review.Godfrey is questioning whether the framework which allows IFAs to sell funds on an execution-only basis and rebate commission is fair.He points out that consumers cannot get the same prices by going direct to the […]
The life industry as a whole has only £20bn in excess capital to support with-profits business, plummeting from the £130bn which was available at the end of 1999.Some companies have negative excess capital, such as Equitable Life, Alba Life, and Royal & Sun Alliance Life & Pensions. Friends Provident has marginal excess capital despite the […]
Friday, 5 October 2001.Type: Unit trust.Aim: Income by investing in a commercial property.Minimum investment: Lump sum £10,000.Investment split: 100 per cent Fareham Innovation Centre.Yield: 11 per cent.Isa link: No.Pep transfers: No.Charges: Initial 7.25 per cent, annual 1.25 per cent.Commission: Initial 3 per cent.Tel: 020 7426 6216.
BWD Rensburg Unit Trust Managers has launched its first focus fund, the BWD Aggressive Growth Trust, to meet the demand for higher risk and higher return products.It says the objective of the new fund is to provide a total return in excess of the total return achieved by the FTSE all share index over the […]
Les Cameron, head of technical, explores how applying the new Finance Act 2016 provides an opportunity to simplify, which could result in attractive outcomes. Read more
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As the outlook for the UK’s economy remains uncertain, how can advisers prepare portfolios for any change in inflation? As higher inflation fails to appear on the horizon and wages grow faster than expected, fund managers are weighing up their portfolio moves for any potential changes in the economy. The UK consumer prices index rose […]
IFA directors Kevin and Cheryl Neal have been banned from being company directors by the Insolvency Service for six and four years, respectively. The married couple ran the now-defunct Hertfordshire-based Kevin Neal Associates Wealth Management. They were disqualified for taking assets from an insolvent company. The firm had been incorporated to take over the business interests […]
Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]