View more on these topics

FSA gives alert on property income

The FSA has warned homeowners about the dangers of overestimating the income they could receive from their property.

The issue of falling property prices is highlighted in the FSA’s annual Financial Risk Outlook released last week.

Other issues include structural changes affecting distribution of retail products, the volume of international regulatory reform and the need for complex retail products to have careful marketing and promotion that should only be bought by consumers who understand the risks.

The report warns about the broader risks that the threat of terrorism in London and financial fraud by individuals could cause to firms.

Research by the FSA shows that consumers primarily want peace of mind.

Firms were warned by the FSA about the dangers of misrepresenting the risks of products and of any guarantees of capital return that are made.

The regulator urges consumers to take advice if they do not understand financial products or the implications they might have on their income.

It says: “Although property prices have risen strongly in recent years, this will not always be the case; and consumers may overestimate the income that property will provide, as well as the costs and difficulties associated with releasing their capital.

“Trading down, or moving out of urban areas will provide less of a windfall if many other consumers have similar plans, influencing prices in segments of the market. Firms will have to contribute to consumer confidence by treating customers fairly.”


Fidelity Investments ready to launch Sterling bond

Fidelity investments plan to launch their Sterling bond fund in April. The fund, which will be available from April subject to FSA approval, will be managed by Ian Spreadbury. It will sit alongside the Fidelity MoneyBuilder and Extra Income funds. Ian Spreadbury will invest principally in UK investment grade bonds, but he is also free […]

NU pension sales drop 10% after commission cut

Norwich Union has seen pension business fall by 10 per cent since cutting commission last September. The fall put a dmaper on generally positive results for the firm, which last year saw life and pension sales increase by 9 per cent to £2.55bn from £2.37bn in 2003 on an annual-premium equivalent basis. For the first […]

Jelf profits rise 24%

Profits at the Jelf Group rose by 24 per cent in its first set of preliminary results since listing on the Alternative Investment Market last October. The group made a profit of £880,000 in the year ended September 30 compared with £710,000 in 2003. Operating margins increased marginally to 9.3 per cent compared with 9.1 […]

2015: a divergence in economic policy?

As the US continues to confound growth expectations and the eurozone’s ‘will they, won’t they’ saga has finally concluded, what are the implications for global markets? James Dowey, Neptune’s chief economist, puts forward his outlook for 2015 and the key considerations for investors.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm