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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As someone training to be a cricket umpire, fair play matters to Fortitude Financial Planning director Chris Bowmer. Doing the right thing for clients is something he has adhered to from the start of his career, even in a 1980s sales environment with nothing to gain by delving beyond a client’s surface requirements. While he acknowledges […]
Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]