The Association of Residential Letting Agents warns nearly 4m new dwellings will be needed in the next 15 years to fulfil demand. With the inadequacy of pension provision and increasing life expectancy, solutions such as retirement homes for rent, equity release schemes and Reits seem likely.
The final draft of the Mifid level 2 rules reveal that the EU is adopting a flexible principle-based approach, giving the FSA scope for implementation. Advisers will not have to record all client conversations but will face more stringent rules regarding product suitability justifications.
Several BM Solutions’ staff are set to quit in the next few weeks, adding to the HBOS exodus. MM understands that a number of middle management and back-office staff are waiting for March bonus payouts before handing in their notice, with Oakwood their likely destination. HBOS head of intermediary business Grenville Turner is leaving in […]
London is awash with fancy bars and lavish restaurants to choose from when making a big announcement or launch so when Pink Home Loans decided to brave the stag and hen night haven Walkabout on Shaftesbury Avenue for its big day, it probably took many by surprise. On second thoughts, a room full of mortgage […]
IFA Promotion chief executive David Elms says the Personal Finance Society’s new adviser search facility could struggle because it includes multi-tied and tied advisers. He says the find an adviser tool is seen as a rival to IFAP’s Unbiased offering but he thinks it will fail to attract third-party referrals because comp- anies will not […]
Loomis Sayles’ Macro Analyst, Craig Burelle, discusses the key takeaways for bond markets during Q3 2016 and looks at the outlook for global growth and inflation. Click here
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Latest statistics show personal pensions, in particular, get a bad rap The recently published preliminary estimates from the Office for National Statistics’ Wealth and Assets Survey make for interesting reading with regards to how people view pension savings and how safe they are. The next round of this survey will be even more interesting in light […]
Beaufort Group is planning to add three more firms to its network with one deal expected to finalise next week. Chief executive Andrew Bennett says the other two small to medium-sized firms are expected to join “imminently”. In January, Beaufort Group added Statehouse Group as an appointed representative. The firm is now called Beaufort Financial […]
Significant gilt weightings continue to be recommended, despite concerning signals on their risk Government bonds play a pivotal role in a balanced portfolio; there are very few assets that provide the diversification benefits gilts can bring. So often over the last 30 years, when equity markets have zigged, bond markets have zagged, thereby smoothing return […]