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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Lawyers who represent investors against Berkeley Burke over allegations of mis-sold Sipps estimate more than 1,000 claims could be in the pipeline. The High Court has approved a group litigation order relating to claims against Berkeley Burke Sipp Administration, and those affected have until 23 July 2018 to register to join the group action. It […]
Do not be spooked by recent falls. The bull market has further to run. Stockmarkets have been thriving in the not-too-hot, not-too-cold “Goldilocks” backdrop of the last few years. Growth has been strong enough to boost profits, and inflation low enough to keep central bank policy loose. Recent stockmarket weakness is centred on signs that […]
The FCA continues to engage with the asset management industry on new European regulations as questions remain over how firms should report costs and charges. After over a month since Mifid II and Priips came into force, concerns have been raised on how fund fees, in particular transaction costs, should be calculated under the two […]