IFAs have been professional-ising. Have the banks? Not for PPI missales, they haven’t. These figures underline that the RDR paper, having swung away from the banks towards IFAs, should stay where it is. Regulation should now focus on the problems and these figures show where the problems lie.
Ingenious Asset Management says it decided against a fund of funds structure for its UK equity fund because it wanted to create a fund that was precision engineered.
The FSA says fee rates for 2008/09 will remain at lar-gely the same level as fees consulted on in February, with three fee blocks seeing a reduction.
Network Data is offering an exclusive five-year fixed-rate mortgage deal from Abbey up to 60 per cent loan to value. Maximum loan is 550,000 and there is a 1,499 fee.
Close Ventures has made a 6.4m profit after disposing of its 49 per cent stake in occupational health service provider Grosvenor Health Group.
In November last year, the FCA announced that from 31 March 2017, early exit pension charges will be capped at 1% for those customers who are eligible to access their retirement savings from age of 55. The rules also state that for new personal pension plans started after that date, or on new increments into […]
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As someone training to be a cricket umpire, fair play matters to Fortitude Financial Planning director Chris Bowmer. Doing the right thing for clients is something he has adhered to from the start of his career, even in a 1980s sales environment with nothing to gain by delving beyond a client’s surface requirements. While he acknowledges […]
Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]