The Institute of Financial Services has warned mortgage professionals against ignoring the significance of A-Day and warning of compliance problems for those who are not prepared. Head of faculty financial regulation Mark Roberts says the run-up to April has focused on the effect on pension specialists but it could leave mortgage and other finance professionals […]
The history of conformity to codes of conduct is gener-ally not a good one. I well remember the struggles that the OFT had with codes for a variety of industries. The conclusion reached a few years ago was that, to a large extent, the work was wasted because, once the code was approved, there was insufficient application within the industries or firms concerned.
By David F Lafferty, CFA, SVP – Chief Market Strategist Thursday’s historic Leave vote in the UK will have both immediate and long-term consequences for the global economy and financial markets. The initial flight-to-quality reaction across asset classes has been exacerbated by the market’s misplaced confidence in a Remain victory leading up to the vote. Stock markets […]
Platforms should brace themselves for a difficult second half of the year as sluggish Isa sales led to a soft second quarter, consultancy Fundscape says. Fundscape’s latest platform market figures show total platform assets – including the advised and direct-to-consumer sectors – grew by £32bn to £604bn in the second quarter of the year. However, […]
Advisers giving defined benefit pension transfer advice can expect to pay nearly double for their professional indemnity insurance premiums at the next renewal than those who do not advise in that area. QPI, which is part of insurance broker PIB Group, says advisers with DB exposure can expect to pay between 2 per cent and 3 […]
Back in April, I wrote a piece explaining why investors shouldn’t give up on bonds just yet. Given the heightened volatility in equity markets this year, I thought it might be a good idea to take a closer look at this asset class, too. The VIX index, which predicts market volatility and is known as […]