Law firm Beachcroft Wansboroughs is launching an independent research programme into the impact of the FSA’s Arrow visits on firms. The FSA is reviewing its Arrow visits, the regulator’s main supervisory tool in assessing the risk that firms pose to its statutory objectives. Beachcroft will present its findings to the FSA and the Financial Services […]
Which? has published a book called Giving and Inheriting, aimed at flagging the deadlines for pre-owned assets tax.The book points out that even with modest earnings, as the IHT threshold is currently 275,000 increasingly more homeowners are at risk of bequeathing estates that will be due tax. POAT, introduced in April, aims to plug loopholes […]
The Bank of England’s monetary policy committee decides to leave rates on hold for this month.The Derbyshire head of intermediary support and development Tony Capon says: “Minutes from the 3-4 August meeting showed the bank’s nine-member MPC voted 5-4 in favour of the quarter-percentage-point cut. “Todays decision clearly shows a less certain approach to further […]
The silly season is not yet behind us. Eager to keep us in the summer spirit, Abbey lets us know that more than nine million UK adults would buy relationship insurance, should such a thing exist. Can’t imagine many insurers would be willing to under-write the likes of Liz Taylor or Joan Collins, though.
By Steve Webb, director of policy The British obsession with homeownership can have dangerous consequences. A recent survey by Barings¹ found that up to three million people of working age were planning to rely wholly on the value of their home to fund their retirement. We are not talking about people investing in buy-to-let or […]
Advisers are avoiding putting all their eggs in the passives basket Few advisers have wholeheartedly taken on board the arguments for index-tracking and put all their eggs in the passives basket. Indeed, advisers are deeply split in their attitudes towards passive investing. There is no denying funds in passive investment vehicles have been on the […]
A weekly account of the curious goings-on in the world of financial services Fussy financial felines With the average salary for financial advisers continuing to grow, one has to wonder what privileges immediate family members are able to enjoy. Perhaps most important to the families that own them are cats. Thanks to Twitter, WSJ can […]