HSBC has lost a disk containing personal details of 370,000 customers after sending it via unregistered mail to Swiss Re. It includes customer names, dates of birth and health information but not addresses or bank account details.
It is important that advisers consider the changes to capital gains tax in respect of the bond versus mutual fund debate. In Money Marketing recently, Ian McLeod’s article attempted to shed some light on this. However, it is not surprising, for a represen-tative of a company selling a vast amount of bonds that his table […]
10-Year Fixed Rate
The Alternative Investment Association and the Managed Funds Association have announced plans to work together on key industry initiatives.The move would see the two leading hedge fund associations in the world participate on each others board, develop shared initiatives and work on educational seminars.AIMA chairman Christopher Fawcett says: “AIMA and MFA are seeking closer cooperation […]
SimplyBiz and Mortgage Next have hit out at an open letter to brokers signed by mortgage clubs and networks, suggesting its support for lenders shows a lack of loyalty to brokers and borrowers.
March was Free Wills Month! Free Wills Month brings together a group of well-respected charities to offer members of the public aged 55 and over the opportunity to have their simple wills written or updated free of charge by using participating solicitors in selected locations around England and Wales. Research by the Law Society* highlighted that only 64 […]
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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 […]