A clash of civilisations took place in Manchester last week, with the Building Societies’ Association parking its annual conference next door to the Mortgage Expo.Although the gatherings were within spitting distance, the short skip between events transported you across different worlds. Delegates entering the BSA were treated to a distinguished gentleman playing grand piano, a shoe-shine stand and somewhere to practise your putting. Meanwhile, the garish world of Mortgage Expo was an explosion of champagne in plastic flutes, women dressed as brides, women dressed in very littleâ¦ in fact, women dressed in whatever a mortgage broker could desire. But no pole dancers this year. Perhaps the divide is closing.
O&M Systems says the FSA is not providing enough specific guidance on with-profits pol-icies for IFAs and appears to be rejecting industry offers of assistance. O&M also disputes recent anecdotal evidence from the FSA that advisers have been deterred from offering reviews of with-profits policies due to a lack of understanding of the product and […]
Skandia Investment Management is preparing a summer launch for a best ideas fund that it describes as the ultimate concept in multi-manager.
Canada Life is running a series of group insurance seminars between June 6 and July 6 2006 covering its internet-based e-business portal CLASS. Advisers can learn about its absence management and employee assistance programmes.
The Oakwood Group is likely to use packagers despite Michael Bolton’s outspoken criticism of the market. MBAC Consulting director Alan Cleary, who is expected to form part of Oakwood’s senior team, anticipates that the new firm will use packagers to add value and help with distribution. Cleary says: “I would have thought that Oakwood will […]
Indian equities have officially re-entered a bull market, with the benchmark index climbing to a 11-month high. But this is just the start, argues Neptune head of Indian Equities Kunal Desai. Read more: Important information Investment risks Neptune funds may have a high historic volatility rating and past performance is not a guide for future […]
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The Government should consider allowing people to lower their contribution rates to 8 per cent under auto-enrolment to prevent a potential spike in opt-out rates over the next few years, AJ Bell says. Contribution rates are due to rise to 5 per cent in April this year and 8 per cent in April 2019 with […]
French asset manager Carmignac has called for more clarification on the new research costs rules under Mifid II as it claims rival firms have wrongly stated what the directive means for their business. Speaking to Money Marketing after an event in Paris, Carmignac managing director Didier Saint-Georges referred to asset managers as “cheeky” in their […]
Five overlooked government credits and allowances advisers should look out for