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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The current project is focusing on people for whom it is already too late to make a big difference A car showroom salesperson would never show you the basic model first, even if it was completely suitable for your purposes. We all end up paying for functionality we will never use. Which takes me to […]
The police and The Pensions Regulator have launched an investigation into a number of pension schemes suspected of being linked to cold-calling. The regulator is concerned pension holders have been phoned and persuaded to transfer their funds into poorly-run schemes with the promise of higher returns and cash incentives upfront. As part of the same […]
Intrinsic founder and former chief executive Richard Freeman will retire from the business in June 2018. Freeman signaled in 2015 that he would leave the advice network at some point in early 2017. Intrinsic former managing director Andy Thompson replaced him as chief executive in December 2015, with Freeman remaining at the firm as an executive […]