IFA Promotion is warning the government not to ignore existing adviser qualifications when the new exam framework for financial intermediaries is brought in by the Skills Council for Financial Services.
Cheltenham & Gloucester is hoping to enter the offset mortgage market at the start of next year following established players such as Woolwich and Intelligent Finance.Intelligent Finance chief executive Grenville Turner says he does not expect C&G to launch a full offset product at first, predicting that it will enter the market with a current […]
CHEVIOT CAPITAL CF CHEVIOT MANAGED Type: Unit trust Aim: Growth by investing in UK and international equities fixed interest and cash Minimum investment: Lump sum £5,000 Investment split: 85% equities, 10% fixed interest, 5% cash Isa link: Yes Pep transfers: Yes Charges: Initial 5%, annual 1.5% Commission: Initial 3%, renewal 0.5% Tel: 020 7566 4040 […]
Type: Capital-protected bond Aim: Growth linked to the performance of the FTSE 100 index Minimum-maximum investment: Lump sum £5,000-£1m, Isa £5,000-£7,000 Term: Six years Guarantee: Original capital returned in full provided index does not fall by more than 50% and returns to at least its initial level Return: 7% at the end of year one […]
Leeds & Holbeck Building Society has launched a new intermediary website. The extension to its main e-commerce site now lets advisers access information at the click of a mouse. The site — www.leedsintroducer.co.uk — contains information on the Society's product range, including deals, details of fees and charges and a selection of printable forms. Leeds […]
Well, the cricket season is here, and England and Australia are stepping up to the wicket. Although we compete with each other in the sporting world, when it comes to pensions, Australia’s pension programme is held up as a model for our auto-enrolment initiative. Auto-enrolment was introduced because people weren’t saving enough into their pensions, and it is still early days but signs are positive. However, in Australia, saving into a pension is compulsory, and in fact employers are the ones who have to pay in. Employees in Australia can make additional contributions into their pensions, but they don’t have to. Should the onus be on the employer or employee to save? Well in the UK we think it’s both, but to get ‘adequate’ savings for retirement it’s the employee who has to pay more in.
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The chair of an FCA working group has apologised to the regulator and the Investment Association for criticising asset managers in a high-profile interview. In an interview with The Times, transparency campaigner Chris Sier, who is chairing the regulator’s disclosure working group, called the investment industry “arrogant and complacent” on fees and referenced the quality […]
Old Mutual Wealth has appointed Jeremy Mugridge as proposition marketing head for its platform. Mugridge previously worked in marketing at Old Mutual Wealth but now joins the business from Aegon where he was working on consultancy projects. In his new role he replaces Tom Hawkins who will lead Old Mutual Wealth’s team of office-based consultants. […]
The Financial Ombudsman Service does not plan on making any changes to the way it is funded in the next financial year. The FOS published a consultation today about its proposed plans and budget for the 2018/19 financial year. The consultation says the organisation is aware it will need a funding model that accounts for […]