The FSA has stepped back from possible regulatory action against property investment schemes after its review dispelled fears that retail investors could suffer unexpected losses. The regulator was concerned IFAs and investors did not understand the inherent risks but its review has found most of the riskiest products were sold by specialist IFAs to a handful of wealthy investors.
Credit Suisse's multi-manager funds took in almost 20 times more money than Henderson's and close to four times those of Jupiter in the fourth quarter of 2003, according to a confidential report. The report, which for the first time shows fund groups' gross sales of multi-manager funds, reveals Credit Suisse attracted £117.8m in Q4, blazing […]
Legal & General has moved in line with many of its rivals to cut bonuses as part of its 2003 bonus declaration.Annual bonuses on life policies have dropped by 0.25 per cent to 0.75 per cent of the sum assured and by half a per cent of the existing bonus to 1.25 per cent. Normal […]
It is all very well for Standard Life to crow about their IFA salesforce being their jewel in the crown and how they have “invested heavily in it and our long-term relationship with IFAs” but what about what they have done to us on all the personal pensions of theirs that we sold back in […]
Firms will be required to present clients' payment options and illustrative commission amounts for the firm and the market in a standardised format under the FSA's new pricing menu.The FSA says the move should mitigate the risks of consumers paying too much for financial advice, as it expects the Menu - which will show both […]
Capital Market Notes, December 2016 Dave Lafferty, chief market strategist at Natixis Global Asset Management, assesses the accuracy of his 2016 outlook and provides his thoughts and outlook for 2017. Click here to read the full article
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Justin Modray says the RDR will make little difference in the way most advisers are paid.
M&G is merging its Global Leaders fund into the Global Themes fund in the wake of a review resulting from fund manager Aled Smith’s decision to step down. The proposed merger has been approved by the regulator but is still subject to approval from shareholders. The Global Themes fund will continue to be managed by […]
Face-to-face advice still holds a firm place in serving clients, despite an increasing demand for mobile and remote services in adviser practices. Research from consolidator Fairstone from November shows there has been a 10 per cent decrease in the use of face-to-face financial advisers over the past seven years. However, advisers speaking to Money Marketing […]