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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The workplace presents a significant opportunity for advisers, yet many are still shunning this sizable market, experts argue. The pension freedoms and auto-enrolment have increased the unmet need for advice in the workplace. Some larger employers and pension trustees are no longer content to leave employees to fend for themselves among scammers and fraudsters and […]
Neil Woodford has rejected gloomy UK growth forecasts from the Office for Budget Responsibility revealed in yesterday’s budget, arguing the country is on track to achieve annual growth around 2 per cent. According to the OBR, growth this year will be 1.5 per cent, and fall to 1.4 per cent in 2018. Through 2019 and […]
Trade bodies tend to live in a cloistered environment while advisers keep the industry on its toes