The chief executives of leading fund groups have been summoned to a meeting with the FSA amid fears that the problems plaguing the US market have spread to the UK. FSA chairman Callum McCarthy is concerned that some fund managers have been the unwitting victims of late trading and market timing, which have been the subject of an investigation in the US. The FSA has conducted initial research but wants to inform fund managers how its own probe into will proceed.
Marlborough Stirling says the introduction of home information packs is only a part solution to the problems that dog the home buying process. Mortgage consultant Nik Halton says: “HIPs should speed up the house buying process and make it easier for consumers. However, it is doubtful as to whether they will go far enough. There […]
Adviser technology firm Distribution Technology is offering an internet-based financial planning tool for IFAs. Distribution Technology was set up two weeks ago by former mPower managing director Ben Goss and IT consultants Patrick Fitzgerald and Adrian Hall. Advisers can access the software by logging on to a secure website rather than loading it from a […]
Independent insurance analyst Ned Cazalet believes the time has never been better for giving independent advice. In his Life 2003 report, Cazalet says an increasingly older and wealthier population means that, despite difficulties such as increasing regulatory costs and falling commission levels, there are great opportunities for IFAs. However, he says many IFAs have been […]
Type: Two-year fixed-rate mortgage Fixed term: Fixed until December 1, 2005 Fixed rate: 4.25% Minimum loan:£15,500 Maximum loan: Up to 95% of valuation subject to a maximum of £250, up to 90% of valuation subject to a maximum of £400,000, up to 85% of valuation subject to a maximum of £500,000, up to 75% of […]
James Foster, manager of the Artemis Monthly Distribution Fund, discusses the delicate balance between too much yield (and attendant risk) and too little. Click here
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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 […]