Aifa has set up a working group to draw up its response to the FSA’s review of retail distribution. It will look to highlight the value of ind-ependent advice and provide arguments on adviser remun-eration and capital.
Stonehaven Equity Release has become the latest member of Safe Home Income Plans bringing membership to 21.Stonehaven Equity Release launched in August 2006 offering a number of lifetime mortgage products.Ship chief executive Jon King says: “We are delighted to welcome Stonehaven Equity Release to SHIP. As the third equity release provider to gain admittance to […]
Mortgages PLC has unveiled a retention incentive for brokers as part of the launch of a one-year credit repair product.The offering for borrowers, which it says will be the first of its kind in the UK non-conforming market once launched next week, allows clients to remortgage after 12 months without incurring high redemption charges. After […]
Investment trusts are “a pain” for advisers to sell and will always lend themselves to a niche rather than mass market, claims Hargreaves Lansdown head of research Mark Dampier.At a Money Marketing round table on investment trusts last week, Dampier said the fundamental question that needs to be answered is why should advisers sell investment […]
Inheritance tax receipts have increased to a record £5.4bn in the 2018/19 tax year according to HM Revenue and Customs figures published today. Receipts increased by around £160m in just a year from £5.2bn in 2017/2018 to £5.4bn. HMRC figures show the annual revenue and revenue as a percentage of GDP since 1980/81. It shows […]
Establishing the approach to qualitative versus quantitative analysis should top the due diligence list As more advisers outsource investment decisions to discretionary fund managers, the more the regulator will scrutinise the selection process. I would not be surprised if DFMs were selected on a lazy combination of brand, price and performance, yet any being offered […]
The biggest reason new concepts are not being brought to market is a lack of confidence that advisers will change their behaviour. Having started life in the financial services industry as a clerk for one of the largest life assurance companies in the UK, protection has always been my first love. Unfortunately, it only takes […]