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Namba probes 15,000 firms on regulation

The National Association of Mortgage Brokers and Advisers is carrying out research of 15,000 intermediaries to canvas their views on the impact of regulation.

It will ask firms whether they expect their authorised status to be independent, network member, appointed representative or multi-tied.

Other questions cover the threats to a business which may arise from regulation, it also aims to measure intermediaries&#39 knowledge of FSA regulation.


Setback for UBS launch as SGAM swoops for fund duo

UBS Global Asset Manage-ment has been forced to rethink its plans for entry into the UK retail market after rival SG Asset Man-agement poached the two managers set to run its flagship funds.Hugh Sergeant and Hari Sandhu were set to run the UK growth and UK equity income funds respectively but will now bolster SGAM&#39s […]

IMA and NAPF set up a new code for fund firms

The IMA and the National Association of Pension Funds have set up a new code of practice for disclosing pension fund costs to improve transparency in response to recommendations by the Myners report.The code, launched last week ahead of the NAPF&#39s annual conference in Brighton, has been designed to help pension fund trustees understand the […]

BSA slams watchdog on product rulings

The Building Societies Association has slammed the Financial Ombudsman Service for what it sees as a series of unjust decisions against its members on Tessas, Isas and mortgages.At the BSA Conference in Bournemouth last week, chairman and Coventry Building Society chief executive Martin Ritchley criticised chief financial ombudsman Walter Merricks for his recent rulings against […]

NU urges tax aid as firms axe pensions

Norwich Union is urging the Government to introduce tax credits to firms offering pension schemes after finding that an alarming number of private companies are planning to shut down schemes.It is calling on the Government to act after its research of 1,000 firms last month found that more than 10 per cent of employers plan […]

The curse of long-term cash

Trevor Greetham, Head of Multi Asset at Royal London Asset Management, reveals why clients should be seriously concerned when short-term holdings of cash turn into a long-term investment. There is nothing wrong with holding wealth in the form of cash on a short-term basis. For many people capital stability is important and access to ready cash […]


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