Fund information providers Lipper has acquired research specialist firm Fitzrovia International for an undisclosed fee. Lipper, a wholly owned subsidiary of Reuters, bought Fitzrovia for its abilities in providing information on total expense ratio analysis for funds outside the US. The combined business will aim to provide clients with a global fund expense and data service in its software, datafeed and consulting products.
Product providers are split over increasing their IFA subsidy for the Financial Services Compensation Scheme levy. A first vote on extending the levy subsidy is understood to have been inconclusive as not all members responded. This vote saw four major players support an increase, four vote against and four abstain. A second letter has been […]
First4Brokers, the independent mortgage compliant network has completed its acquisition of Mandeville Ltd, the electronic business to business service. Mandeville provides insurance products and services to mortgage brokers and IFAs. First4Brokers will now be able to deliver a range of electronically delivered general insurance schemes to its full members and firms that are directly authorised […]
The following networks have received their part IV, full authorisation from the FSA in readiness for mortgage and general insurance regulation: Arden CourtBDS Mortgage GroupBest Advice Mortgage NetworkBlue PearlBurns-Anderson Independent NetworkCartelClassic Network SolutionsCompassComplete Mortgage and Loan ServicesComplete Mortgage & Loan ServicesDestini Network ServicesDirect Life & PensionsEthical Mortgage SolutionsEnable Mortgage & Insurance NetworkFalcon Group IFAFinancial Services […]
Figures showing that for each year worked after 55, workers lose two years of their possible lifespan will give the Government an uphill task to convince people to work longer. Data from the Boeing US pension scheme reveals workers who retired at 55 lived on average until 83. The reduction in lifespan for those who […]
In the run-up to the Budget, there was some concern that the chancellor might ‘call time’ on the use of salary sacrifice in employee benefits provision.
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It is encouraging to see the FCA close in on lazy fund management, but more needs to be done Without fanfare, the FCA has confirmed its intention to punish lazy fund management. Several groups have been persuaded into voluntarily compensating investors who bought their beta-posing-as-alpha products, otherwise known as closet trackers. The regulator suggests that […]
Ex-GBST man and FinoComp chief executive Ray Tubman on the need for a brave new world of interoperability Platforms running on proprietary technology often see this as a competitive advantage, even if it is expensive to run. But ex-GBST man and now FinoComp chief executive Ray Tubman does not believe outsourcing is the poor relation. […]
Ahead of speaking at Money Marketing Interactive in May, founder and director of The Yardstick Agency Phil Bray gives tips on how advisers can improve their public image and why the FCA should rethink their plans for the register On a scale of 1 to 10, how optimistic are you about the advice market for […]