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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To fee or not to fee?: The Wells Street Journal
A weekly account of the curious goings-on in the world of financial services from Money Marketing’s diary page Green with envy While scouring through the MPs’ Register of Interests last week, one WSJ correspondent took to reading the fine print of Treasury committee member John Mann’s file. Among the list of international trips undertaken by […]
Tony Wickenden: Clarity on life assurance policies for non-doms
Long-awaited guidance clears up confusion around the IHT position of policies issued under seal Life assurance protection is an often overlooked estate planning tool. For UK-domiciled individuals, effecting a policy subject to a trust can deliver a neat, effective way of sorting inheritance tax liability that cannot be diminished through other planning. It can also […]
Pension provider told to take down ‘threatening’ advert
Workplace provider Smart Pension has been told not to publish an advertisement again after a complaint to the marketing standards watchdog over its “threatening” tone. In November last year, Smart Pension sent a letter to business owners, stating that “failing to set up your workplace pension now could soon blow a serious hole in company […]
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