The National Association of Pension Funds is calling for a new independent standing commission to report to the Government on the impact of economic, demographic and social changes on the UK’s pension system and to advise ministers on measures to maintain the pension system in the long term.
UK house price inflation is down to 4 per cent, its lowest since 1996, according to the OPDM.The Royal Institute of Chartered Surveyors notes that the Q2 inflation rate has dropped from 14.3 per cent last year, saying the market has been slowing for almost 12 months. House prices have risen 170 per cent since […]
As a DBS/Sesame member, I sold only a few NDF guaranteed income bonds in 2000/01. The products were on the DBS highly recommended panel. The risk rating of this product changed from cautious to highly risky and we as advisers are being sued for misselling. However, in a recent claim which went against me, Sesame […]
Millfield is producing a series of advice suitability guides for members who still need help with documentation when facing rising compliance standards. The series will launch at the end of September and a total of 15 guides will be issued throughout the rest of 2005. They will be available online by the end of the […]
The advent of Basel Two may mean significant changes to mortgage products and client credit checks, says John Charcol senior technical manager Ray Boulger. With implementation only 18 months away, lenders are preparing systems to incorporate the stringent risk management measures required by the international regime. Boulger believes lenders will have to adopt credit-scoring across […]
Decoding the Fed’s policy-making has become more difficult since it failed to raise interest rates last month. So Artemis’ head of US equities is stock-picking for stability as well as growth.
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Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]
The recent enquiry by the work and pensions select committee has reignited the debate about the future of collective defined contribution schemes. Whether these sort of schemes can be incorporated into the current UK pensions landscape is a moot point. Let’s consider some of the arguments for and against CDC. First of all, it is […]
Retirement interest-only mortgages are set to become more popular following the FCA removing hurdles to selling them. The regulator sees RIO mortgages as a possible aid to the waves of maturing interest-only loans with no repayment strategy. However, the FCA also wants RIO mortgages to be sold more widely, for example as an additional option […]