Almost half of investors have sought advice from an IFA for their investment decisions this year, according to the Investment Management Association. The IMA's ninth annual survey reveals that 46 per cent of investors have used an IFA since January, the highest yet recorded. Forty-four per cent of those said they prefer to pay fees for advice, with £46 per hour the amount they would be prepared to pay on average.
The MarketPlace at Bradford & Bingley is offering the remortgage market an exclusive flexible two-year tracker loan.The open plan loan, funded by Woolwich, has a current rate of 3.74 per cent and is guaranteed to be 0.01 per cent below the Bank of England base rate until July 2005.The rate then reverts to 1.5 per […]
There is no case for product providers to subsidise IFAs' professional indemnity insurance costs, according to Scottish Widows intermediary & partnership director Robert Wylie.Speaking to Money Marketing this week, Wylie ruled out provider financial involvement in the PI crisis, saying it would not make commercial sense even if the economy was doing well and certainly […]
HSBC has become the first major high-street bank to strike a multi-tie agreement with UK fund firms in a deal including Fidelity, Schroders and Gartmore.It says it will offer branch-based advice on a wide range of funds from five groups, including Invesco Perpetual and JP Morgan Fleming, as soon as the FSA's depolarisation proposals come […]
Scottish Life launched its new range of pension plans on May 1. Exclusive to IFAs, the aim is to provide products that meet our requirements in today's pension market either within or outside the 1 per cent cap. All plans are mono-charged, including a most welcome section 32 plan.Unlike most providers, “big” fund discounts apply […]
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Three advice firms have stopped giving pension transfer advice following work by the FCA over the future of the British Steel Pension Scheme. A statement this afternoon details the FCA’s “information gathering exercise” to identify the firms that have been most active in advising people to transfer out of the scheme. The regulator got information from […]
The FCA has launched a consultation on its approach to authorisation and competition, which will be open to responses until March next year. Following the launch of the FCA’s mission in April, the approach documents are the second and third in a series of papers explaining how the watchdog tackles regulation. The first document, the […]