MGM Home Finance has announced that it has received its minded to approve letter from the FSA.
Save the Suffolk Life avocet! Such was the cry echoing throughout the Diary's habitat at hearing the Ipswich-based Sipp provider is looking to axe the bird, also known as the”cobbler's awl” due to the similarity between its curly beak and a shoemaker's tool. The Diary hears Suffolk is concerned at confusion between its Sipp product […]
Credit Suisse Asset Manage-ment's multi-manager team is marking its third anniversary by going on the road in Sept-ember to talk about multi-manager investing. Multi-manager services joint heads Gary Potter and Robert Burdett will be hosting roadshows throughout Sept-ember analysing performance, discussing the investment and market outlook and talking about which managers they think will be […]
The Chartered Institute of Personnel and Development says the CBI's pensions paper leaves questions unanswered. The CIPD wants to see a wider debate on pensions from the industry in order to achieve a workable consensus on the changes that need to be made to to tackle pensioner poverty and how this should be funded.The CIPD […]
Kensington is launching a new lender, Money Partners Limited, which will offer a range of firstand second-charge mortgage products via introducers which do not currently recommend Kensington products. Kensington finance director Simon Kingdon will be moving to MPL as finance director. He steps down from the Kensington board on October 1. Kensington will acquire the […]
Employees at Johnson Fleming, in Bromsgrove, Worcestershire, are looking forward to trying out some dramatic new hairstyles on Wig Wednesday. A host of colourful wigs will brighten up the office on 20 May as staff support children and young people with cancer.
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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 […]