BM Solutions has pledged to provide instant completions and further advances within an hour, where it already holds the customers’ details on file as the technology battle in the specialist market hots up.
Skandia is rewording its client annuity letters to stress the open market option rather than its tie-up with L&G following IFA criticism. The company signed an annuity deal with L&G this year. On letters sent out to IFAs with clients nearing retirement, the first option was to complete an acceptance form and return it to […]
The FSA has called for product providers to take more responsibility for the quality of distribution and monitor the quality of advice provided by advisers. Speaking at the FSA’s annual asset management conference, chief executive John Tiner said although providers need not necessarily proactively monitor individual distributor behaviour, they should analyse what aggregate statistics say […]
The coup in Thailand came at an unfortunate time as far as I was concerned. There I was in a television studio, with the first interview completed. I was awaiting the next opportunity to share my opinions on what the market might be about to do when the news broke and my thoughts on Footsie behaviour became relegated to the cutting room floor. Not that the coup appears to have had any great implications. With tourism such an important element on Thailand’s economic mix, the army generals went out of their way to explain that their intervention was a temporary necessity and that everything would be returned to normal as swiftly as possible.
The Association of Investment Trusts has called for improved disclosure of contracts for difference (CFDs) to protect investors and ensure a fair market. CFDs can be used by market participants to build a stake in a less transparent way than if shares are simply being bought, and can mislead sellers who may sell shares at […]
Focused on bottom-up stock selection, not just in equities but also corporate bonds, DNCA has a reputation as being a multi-asset manager, but is also well known for its European equity funds.
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The FCA is reviewing the market for preference shares following the furore over Aviva’s recent decision to cancel its high-yielding preference shares at par value. FCA chief executive Andrew Bailey says in a Dear CEO letter that the regulator is reviewing the prevailing market for certain fixed income shares, particularly those classed as perpetual, irredeemable […]
Five years on from the RDR, and the independent vs restricted debate still holds an exalted position in the market. Significant swathes remain fiercely evangelical in their belief that independence is a pipe dream, or that restricted is a recipe for disgraceful shoehorning. Many of these people are unmoved by the dearth of conclusive evidence […]
Investment adviser Glass Lewis has joined Royal London in opposing the re-election of Metro Bank chairman Vernon Hill. Metro Bank is in the midst of a shareholder rebellion following findings that £4.6m in fees for architectural, banking and marketing services were paid to architect InterArch, run by Hill’s wife, Shirley. Royal London Asset Management holds […]