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 […]
The rise of ethical funds and sustainable investment brings into question just how broad and subjective the space can be One of 2018’s most-used buzzwords in investment has been “ethical”. The rise in popularity of environmental, social and governance investing has been widespread, and in 2017 more than £1bn of net retail money flowed into […]
The Personal Investment Management and Financial Advice Association has published an updated version of its Mifid II feedback template and guide. Both documents jointly authored with the Tax Incentivised Savings Association were originally issued for industry comment in June 2018. The updated template and guide reflect the feedback received from Pimfa’s product governance and template testing working groups. […]
Legal and General Assurance Society has apologised to a client for making repeated mistakes in the information it gave about the amount of tax free cash he could take. In a ruling from The Financial Ombudsman Service, Mr M complains L&G’s errors resulted in the need for him to return funds and caused him “significant trouble” and […]