Howard Davies has told the London meeting the FSA believes it can protect consumers while easing polarisation. He said: "IFAs now face a series of challenges – new products, charging caps and, potentially polarisation reforms – but the sector has already shown that it is able to adapt to change."
Friends Provident Investment Portfolio Bond Type: Unit linked bond. Aim: Growth or income by investing in a choice of four portfolio's, cautious, balanced, managed, ethical or a choice of 10 out of 16 unit linked funds. Minimum investment: £5,000. Fund links: Managed, property, investment trust portfolio, UK index tracking, Index linked, Pacific basin, stewardship managed, […]
The threat of full-blown multi-ties has receded after the head of the FSA's polarisation review David Severn said a question hangs over their practicality.Most delegates at the FSA's open meeting on polarisation last week believe the smart money is now on gap-filling after Severn gave a strong indication that such a move could benefit consumers. […]
As the Equitable roadshow lumbers around the UK, we are informed that the Faculty/Institute of Actuaries report reflects that had this company dealt with IFAs, matters could have been different.This reminded me of one when I had to hand in an application for a single premium to a retirement annuity at the Glasgow office of […]
Client demand for advice on long-term investments and an increasing focus on wealth management have led the Misys network and national IFA Lighthouse to introduce portfolio design services.The Misys tool, part of the recently launched Misys Investment Services, has been developed solely for its network members and will recommend a client-specific portfolio of investments. The […]
This guide from Johnson Fleming will take you through the required communication and also give ideas for additional actions that will ensure your auto-enrolment project is a success. As well as highlighting what is required from a system to ensure it is up to the tasks, an overview of the following is also provided: data validation; data categorisation; employee communication; opt-in process; opt-out process; produce contribution schedule; contribution reconciliation process; upload of member data to pension provider; upload contribution to pension provider; manage salary sacrifice process; enrolment process; re-enrolment process; and management of increased employee queries.
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Ingram will be succeeded by Lord Debden, who was previously Apfa’s chair Former Wealth Management Association chairman Tim Ingram has stepped down as chair of the Personal Investment Management and Financial Advice Association board. According to a Companies House filing, Ingram’s position was terminated as of 19 September. He formally stepped down from his Pimfa […]
Seven firms have joined Fairstone so far this year Two more advice firms are joining consolidator Fairstone, adding seven new advisers and £200m in funds under management. Chartermarque, which is based in Glasgow and London, and Hammett & Petch, based in Milton Keynes and Bracknell, have signed up to Fairstone. Fairstone chief executive Lee Hartley […]
Identifying the management information that matters is a key factor in businesses making a profit