The costs of implementing the EU Mifid directive will only be worthwhile if firms exploit the opportunities provided by the directive, such as cross border trade, says FSA managing director Hector Sants.
The Liberal Democrats are calling on the Government to commission a Turner-style report to address the way forward for public-sector pensions. Speaking at a Politiea conference in London, LibDem Shadow Work and Pension Secretary David Laws said such a report should consider how to make the schemes sustainable in the future. Laws said Lord Turner’s […]
Public should pay for FSCS I went to the Money Marketing Live show at Olympia recently and before her presentation, spoke to Loretta Minghella of the Financial Services Compensation Scheme.In her presentation, she went through the different options for a new way of funding the FSCS. The problem is that none of the options allows […]
Trevor Greetham, RLAM’s head of multi asset, introduces the recentlylaunched RL GMAPs. Asset allocation has become an increasingly difficult challenge for investors and advisers in the years since the financial crisis. Sometimes violent price swings in stock and commodity markets coupled with the collapse in the rate of interest on bonds have made it harder […]
Pensions minister Guy Opperman will say pension schemes should sign up to a framework to reduce transfer times between defined contribution plans. In a keynote speech at the Pensions and Lifetime Savings Association conference, Opperman plans to endorse the Transfers and Re-Registrations Industry Group framework. The industry group published a good practice framework aimed at […]
Families with family office wealth arrangement harbour concerns over whether the services provided them are truly bespoke, a new report says. Findings from Sanlam UK and international wealth association Global Partnership Family Officers say the ultra-high net worth individuals who use family office set ups believe the same wealth advice solutions are often given to […]
The advice industry must grow out of old habits and move on from these worrying arrangements I will always remember the day I got my first bicycle. I was four years old, still in short trousers and my dad led me out into the courtyard of our block of flats to show me my birthday […]