Standard & Poor’s Fund Services is to start awarding ratings to brand new fund launches. This will enable the firm to provide analysis of funds not covered by qualitative-based data firms, which rank funds solely on past performance.
The FSA has added a buying without advice section to its Money Made Clear website, warning that consumers may be unable to seek redress from the Financial Ombudsman Service if they buy the wrong insurance product.Lifesearch head of protection strategy Kevin Carr believes this could indicate that the FSA’s imminent Icob report will make concrete […]
How very different life is now compared with when I started as an adviser. Clients are more demanding of service and the timescale of its delivery. Containing costs is key to a profitable business. Some costs such as regulatory costs are unavoidable. Some such as administration costs are controllable.These demands led us to consider what […]
Royal Bank of Scotland Intermediary Partners is set to shake up its brands, with structural changes expected in the coming weeks.The firm will be quick to market with its new proposition. RBS head of intermediaries Chris Pearson says it clearly needs to do something with its brands as the set-up has not worked so far.Pearson, […]
By Mike Riddell The moves in gilts in August were truly exceptional. Volatility in the gilt market (based off 10-year gilt futures) has soared to close to the highest levels seen this millennium, on a par with the eurozone debt crisis of 2011/12 and behind only the global financial crisis of 2008/09. The first distortion […]
Advisers are avoiding putting all their eggs in the passives basket Few advisers have wholeheartedly taken on board the arguments for index-tracking and put all their eggs in the passives basket. Indeed, advisers are deeply split in their attitudes towards passive investing. There is no denying funds in passive investment vehicles have been on the […]
A weekly account of the curious goings-on in the world of financial services Fussy financial felines With the average salary for financial advisers continuing to grow, one has to wonder what privileges immediate family members are able to enjoy. Perhaps most important to the families that own them are cats. Thanks to Twitter, WSJ can […]