Checkmate Mortgages executive chairman Stephen Knight believes that pension funds will be quick to buy up mortgage-backed securities and reinvigorate the market if the Crosby report is implemented.
I have never been a big fan of the star fund manager culture. Nor am I a fan of those advisers who perpetuate and accentuate it by posing as quasi astrologers, able to not only identify these gurus but then have the conviction to promote them to the world through their contacts in the media.
Pensions expert Dr Ros Altmann has urged the Government to make sure people get advice when choosing an annuity.
Liberal Democrat Shadow Chancellor Vince Cable says one of the UK’s top bank chiefs admitted to him two years ago that his bank’s lending practices were “foolish and dangerous”.
The Pension Policy Institute (PPI)’s recent report “Value for money in DC pensions” tries to identify factors by which people can assess whether their pension offers fair value for money (VFM). Fiona Tait provides an overview of the findings. Positive Outcomes It is extremely hard to assess VFM in a pension. Press activity naturally focuses […]
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Tenet is looking to attract advisers from providers and banks with a new ‘business in a box’ solution. The network is vying for business from advisers who want to pursue the self-employed route in the simplest fashion. For example, the network will help the adviser set up their own limited company and provide loans for […]
The Financial Ombudsman Service has told Kingswood Financial Advisors to compensate a client over a Sipp investment in an unregulated Harlequin property fund. The case concerns Mr B’s complaints about the advice he received regarding two unregulated investments: one into a Harlequin property fund and the other into Green Oil. The ombudsman’s ruling relates to […]
A former Fidelity International female employee is claiming compensation against the asset manager following an alleged case of harassment from senior management, Money Marketing can reveal. The employee, who we will name Mrs A, and who used to be based at one of Fidelity’s offices in India, was sent an employment termination letter on 14 March […]