The FSA has appointed Kay Blair as vice-chairman of the Financial Services Consumer Panel, succeeding Adam Phillips, who became chairman in July.
One of the most intriguing features of the Tory conference last week was the new egalitarianism suddenly discovered by its most senior party figures. A classic example came in a speech delivered by Shadow Chancellor George Osborne to the party faithful. Mr Osborne told his audience, both in the conference hall and at home, there […]
The Association of Investment Companies has warned the Alternative Investment Fund Managers Directive risks increasing consumer costs.
The High Court has ruled that the Government unlawfully rejected the Parliamentary Ombudsman’s findings that maladministration had caused injustice to Equitable Life policyholders, in a hearing today.
Skandia chief development officer Peter Mann is calling for the RDR to be phased in between 2012 and 2014. Speaking to Money Marketing at the Honister Capital conference in Brighton last week, Mann said the timescale for the RDR does not “feel right” and is suggesting that the FSA pushes back the phasing-in period so […]
Helen O’Hagan, Technical Manager at Prudential, looks into the planning strategies that can deliver considerable tax savings for your clients. Inheritance tax (IHT) Consider Margaret, featured on our Planning Matters family hub, who is a sprightly eighty year old with four children and several grandchildren. She’s recently been widowed and IHT planning is high on […]
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Neil Woodford’s signature equity income fund is being moved out of the Investment Association’s Equity Income sector after failing to beat the FTSE All Share index over the past three years. Woodford Investment Management confirmed this morning that the Woodford Equity Income fund would be moving into the Investment Association All Companies sector. A fund […]
In a challenging market environment, the advice profession has continued to excel this year. Those that make it through Money Marketing’s rigorous judging process to be honoured with an award are truly recognised as the cream of an industry now rightly calling itself a profession. This year, the amount and quality of submissions has been […]
Sipp firm Carey Pensions has claimed it never supplied marketing material to unregulated introducers to promote its products, as its High Court case rumbles on this week. Carey Pensions chief executive Christine Hallett gave evidence in the third day of the case yesterday, in which lorry driver Russell Adams alleges Carey Pensions missold him a Sipp. Prosecution […]