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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As the outlook for the UK’s economy remains uncertain, how can advisers prepare portfolios for any change in inflation? As higher inflation fails to appear on the horizon and wages grow faster than expected, fund managers are weighing up their portfolio moves for any potential changes in the economy. The UK consumer prices index rose […]
IFA directors Kevin and Cheryl Neal have been banned from being company directors by the Insolvency Service for six and four years, respectively. The married couple ran the now-defunct Hertfordshire-based Kevin Neal Associates Wealth Management. They were disqualified for taking assets from an insolvent company. The firm had been incorporated to take over the business interests […]
Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]