Credit Suisse has received the go-ahead from the Inland Revenue to offer its new target return fund within an Isa. The recently-launched fund is now Isable for the full £7,000 stocks and shares allowance following the decision. From the start of June, investment into the fund through an Isa or Pep will be available exclusively through FundsNetwork, Cofunds, Selestia, Transact and Hargreaves Lansdown's Vantage supermarket.
I have just read the letter from Ian Thomas from Skandia regarding its new high-charge bond, which it euphemistically calls its enhanced allocation bond (Money Marketing, May 6). When I saw Danny Cox's review at the back of Money Marketing the week before, I could have thought it was me rather than Danny. However, if […]
There has been an active debate about the price cap on stakeholder pensions and Sandler products – should it stay at 1 per cent or should it be increased? Whatever the outcome, one thing is clear – people are not saving enough to secure their own financial futures. In the short term, this is painful […]
Safe Home Income Plans, the voluntary regulator for equity release, says there is likely to be a long delay before home reversion regulation becomes effective. Chairman Jon King is delighted that home reversion will be regulated but points to the fact that the Treasury will now consult on the definition of home reversion plans, and […]
Outgoing Building Societies Association chairman John Goodfellow, who is also the chief executive of Skipton Building Society, has warned that the regulation of mortgages could be introduced at the detriment of consumers. In his final speech as the chairman of the association last week, Goodfellow called for vigilance by the Government, regulators and the mortgage […]
Alex Ralph, manager of the Artemis High Income Fund, sees further pressure on government bonds as inflationary pressures build on both sides of the Atlantic.
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The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]