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 […]
- Top trends
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]