Office of Fair Trading chairman and chief executive Sir John Vickers will leave the organisation in October. Philip Collins, a senior partner at law firm Lovells, will take over for a four-year period as chairman. From October, the roles of chairman and chief executive, currently filled by Vickers, will be split. The OFT will soon begin its search for a new chief executive.
Simplified price-capped products have failed in the European countries where they have been introduced, according to a study by Charles River Associates for the European Commission.
Keydata says it hopes to offer IFAs the opportunity to diversify client portfolios with more innovative products.
A joint industry-government strategy for financial services in Scotland has been launched aimed at strengthening the industry’s future in the region.
Fidelity Investments has found UK equity and multi-manager funds dominate adviser Isa recommendations, following FundNetworks BrochureBuilder research service. This service is used by over 110 this Isa season to create tailored mailings for their clients, featuring specific fund recommendations, plus initial charges, commissions, of the firm. Advisers using the service can use their own combination […]
Those with decent-length memories will recall that in the 2014 Budget statement George Osborne announced the new (and entirely unexpected) pension freedoms. The new rules come fully into force in less than two weeks.
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A High Court judge says the FCA can submit evidence in a case that could shape how Sipp misselling claims are handled in the future. In the case, which started today, lorry driver Russell Adams alleges Carey Pensions missold him a self-invested personal pension. Carey Pensions is accused of using unregulated introducers to invest Adams’s […]
Studies have found funds can be too big or too small to outperform, suggesting size does matter The assessment of whether to invest in a certain fund is a tricky business. Bearing in mind roughly 90 per cent of active funds do not beat their benchmarks over periods longer than 10 years, the odds are […]
The following sorry verse embodies procrastination on a whole new level: “Hello there, my name’s Phil; I rap like a small bear writing a will [diligently]; Estate-planning, ninja-whooping IHT; Shame I’m not as bizzie [urban affectation] with the RLP.” These words were penned in response to my father’s short verse sent to me, after the […]