Leeds Building Society has posted a profit of £31.7m for 2009, up by 56 per cent on the previous year.
The FSA has fined RSM Tenon Financial Services Limited £700,000 for failings in its advice and sales processes for Lehman-backed structured products and also for failing to prevent unsuitable advice on structured product and pension switching.
Having emerged intact from the recent market turbulence, China is a leading player in the Asia growth story
Multi-manager group Russell Investments has created four funds to help IFAs with asset allocation and portfolio construction. These follow the launch of Russell’s helping advisers website, which provides IFAs with online resources and tools, including help with asset allocation and understanding the markets.
Product providers and advisers believe that allowing early access to pension funds would encourage more people to save.
Trapped between expectations for near double-digit returns and strong apprehensions about investing in persistently volatile markets, investors worldwide are of the opinion that professional financial advice is worth the fee. But even though they believe individuals who work with a financial professional are more likely to achieve their goals, investors have a clear vision of […]
- Top trends
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
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 […]