The number of first-time buyers last year represented the lowest annual total since 1980, according to data from Halifax. The research shows that the number of FTBs fell by 7 per cent from 340,000 in 2005 to 315,000 in 2006.
The mortgage market will wait anxiously in the first few months of the year for the results of the FSA’s quality of advice probe.The regulator has already trailed some of the outcomes and it does not make positive reading for the market. The mortgage market can also look forward to the FSA’s effectiveness reviews of […]
Samantha Downes says there are promising signs that the Treasury is finally realising that action is needed to improve the retirement income market
There are many things to look forward to in the world of pensions.In February, the Government will defend itself in the High Court against 125,000 pensioners fighting for 3bn compensation after losing their occupational schemes.The Government is accused of ignoring Parliamentary Ombudsman Ann Abraham’s ruling that it was guilty of maladministration and assuring employees their […]
Ashburton has brought out the Chindia equity fund, an Oeic that aims for growth by investing in China and India.
Rob Burnett, Head of European Equities Although slightly down on their previous election result, Syriza managed to win just over 35 per cent of the vote in Sunday’s election, seeing off the challenge of New Democracy. While this is still short of a majority, Syriza will once again go into coalition with the nationalist Independent […]
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The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]