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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Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]
The recent enquiry by the work and pensions select committee has reignited the debate about the future of collective defined contribution schemes. Whether these sort of schemes can be incorporated into the current UK pensions landscape is a moot point. Let’s consider some of the arguments for and against CDC. First of all, it is […]
Retirement interest-only mortgages are set to become more popular following the FCA removing hurdles to selling them. The regulator sees RIO mortgages as a possible aid to the waves of maturing interest-only loans with no repayment strategy. However, the FCA also wants RIO mortgages to be sold more widely, for example as an additional option […]