Abbey chief executive Luqman Arnold is joining the Financial Services Practitioner Panel. Dresdner Klienwort Wasserstein vice chairman Alan Yarrow will also join. The panel represents the industry and ensures that the FSA takes account of the views and concerns of regulated firms in the development of regulatory policy and in its operation generally.
The Treasury has no business designing savings vehicles and no place in setting charge caps, says Scottish Widows chief executive Archie Kane. Speaking to Money Marketing in his Edinburgh office last week, Kane said: “The Government and regulator have a role in creating a clear framework and clear standards in terms of how the industry […]
Online bank Intelligent Finance has topped the table of the Press Watch media survey for the third consecutive month. In March, IF was ranked first out of 651 financial services firms covered by the UK national media. Halifax, IF's parent company, came second, up from third from last month, with Nationwide moving up three places […]
Premier Fund Managers is to launch a new structured product offering investors a potential of 8 per cent growth a year with the return of capital invested. The scheme is designed as a six-year investment although the plan can mature earlier depending on the FTSE100. Investors can expect 8 per cent capital growth if the […]
Mark Bogard has resigned as managing director of Chase de Vere Financial Solutions. Bogard joined the group after its acquisition of financial website Moneyextra and oversaw the merger of IFAs MX Financial Solutions and Chase de Vere Investments in March last year. Parent company Bank of Ireland pushed through the merger in May. The shake-up […]
In this short video, Trevor Greetham, head of multi asset at Royal London Asset Management, discusses the role of diversification in multi asset portfolios today. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not get […]
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Justin Modray says the RDR will make little difference in the way most advisers are paid.
M&G is merging its Global Leaders fund into the Global Themes fund in the wake of a review resulting from fund manager Aled Smith’s decision to step down. The proposed merger has been approved by the regulator but is still subject to approval from shareholders. The Global Themes fund will continue to be managed by […]
Face-to-face advice still holds a firm place in serving clients, despite an increasing demand for mobile and remote services in adviser practices. Research from consolidator Fairstone from November shows there has been a 10 per cent decrease in the use of face-to-face financial advisers over the past seven years. However, advisers speaking to Money Marketing […]