The FSA is running a series of roadshows for general insurance and mortgage intermediaries. The FSA intends the series of half-day regional seminars to explain prudential requirements for the new regulatory framework, how the appointed representatives regime will be extended, and its consultation on the future reporting requirements. The roadshows take place on 1st October in London, 3rd October in Manchester, 8th October in Birmingham, 10th October in Bristol, 14th October in Glasgow and 15th October in London. For more details see the FSA website, www.fsa.gov.uk.
Although no doubt well intentioned, I feel that the newly launched campaign for a definition of misselling is not going to bear any definitive results. You might as well try and define what is good.In all walks, there are concepts that, although well known and understood, are very difficult to define accurately as good, decent, […]
The majority of parents with children eligible for Government funding assistance through the child trust fund say they plan to top up the cash for their children.Research from The Children's Mutual reveals that 79 per cent say they plan to make additional contributions to the funds when the initiative is likely to start on April […]
Insight Investment Management has finished its restructuring programme after the acquisition of Rothschild Asset Management.The changes coincide with the departure of chief investment officer Michael Deakin who is retiring from Insight after 30 years with HBOS. Abdallah Nauphal will replace him and Alan Denholm has been appointed deputy chief investment officer.Nauphal will remain managing director […]
Type: Oeic Aim: Income and growth by investing globally in investment grade corporate bonds Minimum investment: Lump sum £1,000, monthly £25 Investment split: US 50%, Europe 20%, Japan 10%, others 20% Isa link: Yes Pep transfers: Yes Charges: Initial 4%, annual 1%, Isa initial 3.25%, Pep transfers initial 3%Commission: Subject to negotiation Tel: 0800 917 […]
By Kunal Desai, Head of Indian Equities
With markets kept open on Saturday, finance minister Arun Jaitley delivered a promising budget focused on growth and decentralisation. While many complained about a six-day working week, there was much to be pleased about and the markets rallied in the afternoon to finish in the green.
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Lawyers who represent investors against Berkeley Burke over allegations of mis-sold Sipps estimate more than 1,000 claims could be in the pipeline. The High Court has approved a group litigation order relating to claims against Berkeley Burke Sipp Administration, and those affected have until 23 July 2018 to register to join the group action. It […]
Do not be spooked by recent falls. The bull market has further to run. Stockmarkets have been thriving in the not-too-hot, not-too-cold “Goldilocks” backdrop of the last few years. Growth has been strong enough to boost profits, and inflation low enough to keep central bank policy loose. Recent stockmarket weakness is centred on signs that […]
The FCA continues to engage with the asset management industry on new European regulations as questions remain over how firms should report costs and charges. After over a month since Mifid II and Priips came into force, concerns have been raised on how fund fees, in particular transaction costs, should be calculated under the two […]