Mortgage Trust now requires that valuation instructions for all new-build flats and conversions are submitted to its surveyors’ department. The department will either undertake an in-house valuation or allocate the instruction to a selected panel company.
The FSA has increased the limit of Financial Service Compensation Scheme cover for deposits to 100 per cent of the first £35,000 of each depositor’s claim.
FSA head of investments, small firms division, Jonathan Fischel says advisers must and assess individual needs carefully when recommending a Sipp
New Star saw record profits in the first half of this year but chairman John Duffield warns that markets will be more challenging, at least in the short term.Net UK retail sales leapt by 54 per cent to £1.1bn. Net revenues rose by 39 per cent to £86.5m from £62.3m in the same period last […]
Axa is launching a wrap platform in the first quarter of 2008.The company denies that its entrance into the platform market comes too late, saying the market is still small and the opportunities in the coming years will be massive. Axa expects wrap to be a 250bn market by 2009.Managing director of distribution services Paul […]
Graeme Robb, senior technical manager at Prudential, writes about the residence nil-rate band and the advice opportunities it presents for you when tax year-end planning with your clients. On our Planning Matters hub, we considered a widow, Margaret, and a married couple, John and Anne, for whom the residence nil-rate band (RNRB) is influencing planning […]
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Passive assets are on track to surpass active funds in 10 years, according to a new EY report. ETFs will benefit disproportionately from the shift because of their low fees and intraday liquidity in volatile markets, EY says. The Global ETF Research 2017: reshaping around the investor report found 67 per cent of the industry expects most […]
The FCA’s focus on vulnerable customers shows no sign of abating, with its recently published Future Approach to Customers once again highlighting its expectations firms treat them fairly by providing a flexible and tailored response. But just as there is no ‘”one size fits all” definition of vulnerability, there is also no single way to […]
Fiona Gray Financial Planning director on differentiating yourself as a female IFA