There was speculation this week that the legal battle between Equitable Life and its former directors and auditors Ernst & Young could reach a settlement.
Investment Management Association chief executive Richard Saunders has called for the fund management industry to step forward as the provider of individual pension savings schemes. He says A-day changes represent a historic opportunity for the fund management industry to provide products to the mass market and suggests the industry can cut charges to nearer to […]
Mortgage key features are “unnecessarily complicated, ludicrously lengthy and often misleading documents,” said the chairwoman of the financial services consumer panel at the FSA annual meeting.
DWS is to close its Ratebuster product in April 2006 and head of retail Andy Clark is “turning out the lights” on the firm’s retail operation. Ratebuster was launched in March. It has performed poorly and is expected to return even money on an initial investment. At launch, Ratebuster targeted annual returns of 7.75 per […]
Individual fund selection rather than asset allocation is the driver for returns in the current economic climate, according to Jupiter’s multi-manager team.
Sarah Scott – Marketing Consultant, Royal London This month sees the return of Renton, Sickboy, Begbie and Spud in the sequel to the film Trainspotting. Just over 20 years later, we return to see exactly how life treated the characters whose lifestyle was less than ideal back in 1996. Did they choose a job, choose […]
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The Financial Ombudsman Service will be reviewed by an independent person following claims of poor staff training and alleged biases in its decisions that were exposed in a recent Channel 4 investigation. Treasury Committee chair Nicky Morgan wrote to FOS chief executive Caroline Wayman on 13 March asking for more information about the findings of […]
There are numerous trip hazards with carry forward but more clients will want to be looking at it Many believe the annual allowance will be fair game for the chancellor soon, as one of the least painful and least complex reductions in cost to the Treasury. As such, the need to contribute while clients can and […]
The world is a challenging place for a traditional one-man (or -woman) band Increased regulation and rising costs are leading to a growing number of mid-sized adviser firms. Sole trader and two-handed businesses are becoming rarer as changing rules and client demands present a greater challenge for smaller firms. Between compliance, technology and the implementation […]