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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Providers are reviewing their marketing packages to advisers at conferences and on websites amid concerns they will fall foul of new inducement rules under Mifid II. Mifid II, which came into force on 3 January, brought in more stringent rules around “non-monetary benefits” from providers to advisers. The rules have been translated into the FCA conduct of […]
A misleading headline rate of unemployment means opportunities are being overlooked by investors
The FSCS is budgeting an extra £3.5m to cover the cost of running the scheme this year. The management expenses levy, which is used to cover the cost of administering the scheme separately from any compensation payments made, proposed for 2018/19 by the FSCS today is £77.7 million, up 5 per cent on the previous […]