The Chartered Insurance Institute is calling for a single set of standards, a new complaint system and harsher sanctions to build professionalism in the industry in its first response to the FSA’s RDR. The response, A Professional Body for Retail Financial Services?, outlines what professionalism would look like in a post-RDR environment.
Bank of England maintains bank rate at 5.75%
The Bank of England’s Monetary Policy Committee voted today to maintain the official bank rate at 5.75 per cent.
Why should the financial services industry pay for generic advice?
Exactly who has made, and then won, the argument that the financial services industry should foot half the bill or more for generic advice or information?I may have been absent when this happened but I doubt it. What I have heard is the seemingly capable Treasury minister Kitty Ussher suggest that funding should come from […]
Skipton Building Society – Three Year Fixed Rate Mortgage
Skipton Building Society
Three Year Fixed Rate Mortgage
FSA with-profits warning to CEOs
The FSA has sent a Dear CEO letter to insurers, warning that it has uncovered worrying practices in open and closed with-profits funds involving standards of governance and run-off plans.The letter highlights practices that the regulator observed as part of two reviews, one focusing on the governance arrangements of all with-profits funds and one on […]
Mark Page: “A good time to be a European fund manager”
With European markets picking up in early 2015, Mark Page, Artemis European Opportunities Fund manager, discusses the ‘macro’ drivers and whether the improvements are sustainable. Largely driven by economic stimulus by the European Central Bank, European stockmarkets have performed strongly so far in 2015. Mark discusses the relative merits and sustainability of ECB policy with […]
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Kim North: Why is advice still such a no woman’s land?
I always try to check my Twitter feed over breakfast. Recently, a tweet from IFA Philippa Gee caught my eye. She had taken her time to attend an investment conference and found she was the only woman there. Comments followed that this occurrence is far too common. According to Unbiased, just 13 per cent of […]
Martin Lewis sues Facebook over scam adverts
Consumer champion Martin Lewis has today issued High Court proceedings against Facebook over scam adverts published on the site that use his name, picture or reputation. Lewis, who is the face of website Money Saving Expert, is bringing a lawsuit against the social media juggernaut for defamation seeking exemplary damages. Lewis says any money paid […]
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Can new tools solve the sustainable drawdown conundrum?
Michael Klimes examines if advisers can resolve all drawdown issues themselves or if a wider effort is needed