Nationwide’s housing forecast for 2005 says the average property price will rise by just 2 per cent as more realistic price expectations will act as a brake on the market. Predicted net mortgage lending for 2005 is £73bn from an expected £97bn in 2004.
Former Cabinet minister Stephen Byers is urging the Government to adopt a policy to help first-time buyers get on to the housing ladder with interest free loans.
IFAs say the way the FSA has calculated market-average commission is flawed because it has included execution-only business.
The Government has pledged to make additional payments into kids’ Child Trust Funds accounts when they reach age seven.In his pre-budget speech, the chancellor vowed to make an additional payment of 250 to children and 500 to the poorest kids. Eligibility will be measured in the same way as for the initial payment and the […]
December 1, 2004Depolarisation rules take force. Transition period beginsFirms wanting to depolarise must inform the FSADepolarised firms must implement all rules simultaneouslyJanuary 14, 2005FSA rules for general insurance and protection beginNew disclosure documents and statements of client needs and demands implementedAll firms must have procedures for referring complaintsJune 1, 2005Transition period ends. All firms must […]
Jelf Employee Benefits looks at the issue of paying anaesthetist fees when the patient had no chance to discuss or agree to them prior to care; and provides recommendations for avoiding this scenario.
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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 […]