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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Technology provider Moneyhub will now use Intelliflo’s application programming interface for its advisers. Integration onto the API will allow for advisers to access real-time information of client’s managed pensions and investments. Advisers will also be able to link investments they manage and see clients’ spending and savings patterns. The Big Interview: Moneyhub chief executive on […]
The past few years have seen a rapid rise in the number of fund managers linking with risk profilers to launch new ranges. Determining risk is a central part of the advice process. But risk-profiling tools have been subject to criticism over the wildly different asset allocations they produce and their lack of consistency when […]
AJ Bell is expanding its passive range to target a higher expected return for investors with a new global growth fund. AJ Bell launched its first range of own-brand funds last year with five risk-targeted multi-asset passive funds. The platform and Sipp provider said it has launched the Passive Global Growth fund in response to […]