Was there life after the MCCB? Why would anyone want to leave the mortgage industry with all its lovely KFIs and packager wars, failing IT systems and network numbers falling short? Who would leave such matters for the green shores of Ireland? Well former-MCCB spokesperson Brad Baker did. Last week he was helping organise the fire-works display for the Tall Ships Race coming to Waterford.
Industry professionals in Europe are increasingly aware of the rapidly growing market for exchange traded funds. Originating in the US, this area of the fund management industry is, according to BGI, now worth some £182bn globally. So it is hardly surprising that our fund of funds investing solely in ETFs has emerged.
UK property giant British Land is backing the launch of an entrant into the equity-release market, Money Marketing understands. The new company, Retirement Plus, will be led by Duncan Young, founder of Household Mortgage Corporation, and Fred Paton as head of sales. Retirement Plus is aiming to launch its equity-release product, which will be a […]
Providers and IFAs paint a pessimistic picture of the protection landscape in this year’s Protection Review. The annual review, edited by Bank House Communications and Le Beau Visage, contains a raft of criticisms from industry spokesmen who say the industry is not up to the revolutionary changes needed to plug the protection gap. Bright Grey […]
Two-thirds of IFAs will not take a summer holiday this year due to work pressures. A survey by employment law firm Peninsula found that just 26 per cent of IFAs are planning a summer break. Of those who will be staying at home, 66 per cent said they are too busy to go on holiday […]
Amid significant macro headwinds in August, Mark Page explains why his fund’s focus on stock selection has helped it outperform a falling market in August. BESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswy
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Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]
The recent enquiry by the work and pensions select committee has reignited the debate about the future of collective defined contribution schemes. Whether these sort of schemes can be incorporated into the current UK pensions landscape is a moot point. Let’s consider some of the arguments for and against CDC. First of all, it is […]
Retirement interest-only mortgages are set to become more popular following the FCA removing hurdles to selling them. The regulator sees RIO mortgages as a possible aid to the waves of maturing interest-only loans with no repayment strategy. However, the FCA also wants RIO mortgages to be sold more widely, for example as an additional option […]