A new service is being launched in Scotland to encourage chartered accountants no longer regulated by the FSA after N2 to refer work to IFAs. The IFA vehicle service idea comes from a London-based member of the Institute of Chartered Accountants in Scotland, Bruce Candlish, of accountancy firm McKenzie Candlish. The service's first provider contract has been signed with DPB Financial Services in Dundee whose IFAs will get referrals from accountants with commission split between firms.
Gerrard is offering a portfolio management service for clients with more than £30,000 to invest.The news comes as Old Mutual announces that Gerrard Investment Funds is to be merged with Old Mutual Asset Management, with the Gerrard brand remaining only for its portfolio services, where it aims to be a market leader.The millennium global portfolio […]
The closer you fly to the sun, the more chance you have of being burnt. No one knows this more than Ivan Massow, whose business has gone bust amid bitter acrimony and conflicting accounts.On October 5, Massow Rainbow Group went into receivership. Accompanied by recriminations and Byzantine complexity, Mas-sow let it be known that he […]
Friends Provident is giving IFAs a CD which demonstrates its online admin system for its stakeholder pensions.The CD uses voiceovers and graphics from Friends' online systems to show IFAs and employers how various aspects of scheme admin can be undertaken on a cost-effective and efficient basis.The admin services inc-lude inputting members' det-ails, making contributions, adding […]
Merrill Lynch Investment Managers has brought out the second version of its defined returns fund.Merrill Lynch defined returns two is a closed-ended split-capital offshore investment that is domiciled in Dublin. It is available for UK investors and offers income or growth for the more cautious client. The fund is designed for those who want to […]
Jelf Employee Benefits explores the draft Income Tax (Recommended Medical Treatment) Regulations 2014 and why intervention is such an important aspect of absence management.
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Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]
The recent enquiry by the work and pensions select committee has reignited the debate about the future of collective defined contribution schemes. Whether these sort of schemes can be incorporated into the current UK pensions landscape is a moot point. Let’s consider some of the arguments for and against CDC. First of all, it is […]
Retirement interest-only mortgages are set to become more popular following the FCA removing hurdles to selling them. The regulator sees RIO mortgages as a possible aid to the waves of maturing interest-only loans with no repayment strategy. However, the FCA also wants RIO mortgages to be sold more widely, for example as an additional option […]