I, like many directly regulated IFAs, may have recently had to complete electronically The Retail Mediation Activities Return and returned it, by a predetermined date, online to the FSA.I share the views of many of my IFA colleagues that the task was indeed daunting and caused some of us sleepless nights. However, I would like to place on record the assistance and support offered to me by the FSA and some of its individual members of staff. With this said and in view of the constant barrage of attacks on our regulator, perhaps a more conciliatory approach from some of my IFA colleagues could produce a less confrontational environment. Filip Slipaczek, Chartered Insurance Practitioner, London
The appointment of President Bush’s top economic adviser Ben Bernanke to succeed Alan Greenspan as US federal reserve chairman has sparked a mixed response from the investment community. As bond markets in the US weakened and equities strengthened on the announcement, Baring Asset Management warned that Bernanke’s reign could bring further volatility to US inflation. […]
CF Wise Income
The equity markets have tumbled in recent weeks. No one would necessarily blame the way fund managers are remunerated. It is driven by oil prices, fears about inflation and global uncertainty.
Whitechurch is introducing a declaration of trust to all contracts to protect members against commission losses if the network ever goes bust. It stresses the clause has been introduced in response to IFA concerns over the networks which went into liquidation last year owing members commission and not because it is any danger of going […]
Jelf Employee Benefits explores the draft Income Tax (Recommended Medical Treatment) Regulations 2014 and why intervention is such an important aspect of absence management.
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]