MLP Private Finance has launched a dedicated training academy for young graduates seeking careers as independent financial advisers. The academy will also provide structured training programmes for existing sales personnel and executive consultants and will run in association with the Sir John Cass Business School.
Sir Anthony Holland has been appointed as independent complaints commissioner for the FSA, taking over from Rosemary Radcliffe who has held the job since the scheme began in September 2001. Holland has been chairman of the Northern Ireland Parades Commission and was principal ombudsman for the Personal Investment Authority. The complaints commissioner is responsible for […]
At fairly regular intervals, you will get two or three management groups which float the idea of performance fees. They hope for some groundswell of opinion to approve an extra payment for doing the job they have already been paid to do. These initiatives are usu-ally accompanied by persuading a few naive brokers – no […]
Type: Offshore single premium bond Aim: Income and growth by investing in unit trusts, investment trusts, Oeics, offshore funds and cash deposits from any provider Minimum investment:£100,000 Investment choice: Client's choice of unit trusts, investment trusts, Oiecs, offshore funds and cash deposits Place of registration: Isle of Man Options: UK Life Assurance or Capital redemption […]
Type: Flexible buy-to-let tracker mortgage Tracker term: Lifetime of loan Tracker rate 1.29% above Bank of England base rate Payable rate: 5.79% Minimum loan: £25,001 Maximum loan: Up to 85% of valuation subject to a maximum of £1m Income multiples: Rental income must be at least 125% of mortgage repayments Conditions: Online applications only Flexible […]
On Friday, the Department for Work and Pensions published its guidance for employers on using the new Fit for Work (FfW) service to help ill employees return to the workplace. It also includes more details on the tax exemption for medical interventions that commenced on 1 January 2015.
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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 […]