The Personal Finance Society is to consult members on their use of wrap in the form of a short questionnaire with the results to be used in the PFS’s discussions with the FSA over wraps and platforms.
GMAC-RFC has set up an adverse product that it claims offers the UK’s first-ever rate/ redemption swap.The deal, called Merc, is at base rate minus 0.01 per cent until September 2010, which then rises to base rate plus 1.99 per cent, with a £2,995 arrangement fee. But if the base rate increases, the 3 per […]
UCB Home Loans
Self Cert Three Year Flexible Fixed
A spell of gardening leave gave this founding partner of J Rothschild Assurance time to reflect on life. So, as he sets out on the acquisition trail as chief executive of Thinc Group – now part of the Axa stable – he stresses that it is what you are, not who you are, that is important. Interview by Sam Shaw
Nil-rate band planning for inheritance tax can be a very effective strategy.
Last tax year-end there was a lot to think about in relation to planning. The introduction of the tapered annual allowance and the implications of moving to a fixed pension input period, the reduction in the lifetime allowance and potentially applying for protection, and the concern about changes to tax relief, to name a few. […]
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Providers are reviewing their marketing packages to advisers at conferences and on websites amid concerns they will fall foul of new inducement rules under Mifid II. Mifid II, which came into force on 3 January, brought in more stringent rules around “non-monetary benefits” from providers to advisers. The rules have been translated into the FCA conduct of […]
A misleading headline rate of unemployment means opportunities are being overlooked by investors
The FSCS is budgeting an extra £3.5m to cover the cost of running the scheme this year. The management expenses levy, which is used to cover the cost of administering the scheme separately from any compensation payments made, proposed for 2018/19 by the FSCS today is £77.7 million, up 5 per cent on the previous […]