The Government is expected to announce the removal of the obligation to buy a limited price index annuity for money purchase pensions as the Pensions Bill passes through the House of Lords. The amendment would simplify current rules which require some money purchase scheme members to buy up to three different annuities dependent on the way funds were accrued.
The FSA has appointed an internal investigator to look into Berkeley Berry Birch's winding-up of its Berry Birch & Noble Financial Services subsidiary. In April BBB announced that the FSA was to review the winding-up of BBNFS, which has left potential future liabilities to be met by the Financial Services Compensation Scheme. A statement from […]
Bristol & West has brought out issue 12 of its Balanced FTSE GEB, a guaranteed equity bond with a seven-year term. The product is divided into two elements to provide a combination of income and growth.. Up to half of investors' capital goes into a 12-month fixed-rate savings account which pays 8 per cent gross. […]
MGM Assurance is offering free network membership to brokers who can complete seven mortgages per month. If an agent sells fewer than seven mortgages in a month then a nominal fee of £50 is charged and trainee advisors are charged a fee of £100 per month.
Mortgage Brain chief executive Mark Lofthouse is losing no time over the arrival of M-Day. The highly motivated 43-year-old is driving the mortgage-sourcing system to an FSA regulation end-date of “now” rather than the official October 31 date and he is confident that his company is meeting most of the challenges posed by the onset […]
After years of a slowly brewing economic recovery, the UK has seen a strong rise in growth in recent months. Mark Martin, manager of the Neptune UK Mid Cap Fund, discusses the strength of this recovery and whether it is sustainable.
In the video, Martin addresses the following:
• Structural features supporting the UK economy
• UK mid-caps and the potential for M&A activity
• Valuations and opportunities in house builders
- Top trends
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The government has given reassurances a ban on cold calling will be in place by June. Yesterday, economic secretary to the treasury John Glen repeated the government’s intention to introduce a cold-call ban as soon as possible. During the third reading of the Financial Guidance and Claims Bill, Glen said Clause 9, introduced by the […]
The template for the disclosure of transaction costs and charges set up by an FCA panel will be released by the end of this week, Money Marketing understands. The institutional disclosure working group is an independent panel created by the regulator last September following the package of remedies outlined in the FCA’s final report into the […]
Good events are becoming increasingly hard to find. There are several reasons for this, and the prospects of the situation improving in the near-term look bleak. Technical sessions from providers have been drying up – I assume for fear of being deemed to break FCA inducement rules. I fondly remember the pensions education sessions with […]