Labour MP Dr Ian Gibson MP is tabling an Early Day Motion, in the House of Commons, criticising the Home Information Pack. It is will be co-signed by Ann Cryer and Bob Spink.
The Menu will carry the Key Facts logo and is entitled 'Key Facts: A Guide to the Cost of Our Services', the FSA has revealed. Advisers will be obliged to hand it out to consumers at the beginning of the process alongside the Initial Disclosure Document explaining what time of advice they are permitted to […]
Jupiter is set to shake up the way groups develop funds by polling its key IFA partners about recent regulatory chan-ges in a move likely to prompt the group to introduce performance-related fees. In a radical departure from the way firms traditionally test funds, Jupiter is asking its distribution partners to comment on a range […]
Axa Investment Managers' new retail chief Simon Ellis says the group's recent fund launches mark the start of a concerted effort to bring to market products and services to suit IFAs' needs. Ellis, who recently became head of UK retail and multi-manager after leaving Henderson Global Investors, says the corporate bond fund and two multi-manager […]
The FSA has estimated that the additional one-off cost to firms of implementing and complying with the new Menu rules will be £39.75m. This will include the costs of management time, training costs, the rewriting of compliance manuals, and the system costs of preparing and updating the menu, amongst other things. The ongoing compliance cost […]
The pace of change in the pension’s space has been little short of astonishing, and has left thousands of employers struggling to keep their pension policy compliant, and also on the right side of current best practice and governance. Many employers, and indeed many in the pensions industry itself, would like to see a period of no change during the next term of government. This would give all sides a chance to catch up and draw breath.
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One of the men behind an illegal collective investment scheme has been sentenced to another year in prison after failing to pay his FCA-ordered compensation. Ross Peters was one of eight men convicted over their role in a land banking scheme. The group ran a Ucis operation through three companies which cold-called potential investors to […]
Aviva has apologised after a website issue left some advisers unable to submit applications on behalf of clients last week. Money Marketing understands online access was disrupted until at least 5:30pm last Friday. It is understood some advisers were unable to submit applications on behalf of clients, for example, life and critical illness cover applications. […]
Retail investors have stuck by Neil Woodford in 2017 despite several multi-managers pulling money from the star fund manager. The Woodford Equity Income fund was the second most popular with Bestinvest retail investors, although Fundsmith Equity was the “clear and decisive winner” when it came to inflows via the investment platform, says managing director Jason […]