Hornbuckle Mitchell says rocketing tax relief being reclaimed by specialist Sipp providers since A-Day should prompt the Government to review the borrowing limits on clients using Sipps for buying commercial property.
Mortgage approvals have fallen from £4,248m in April 2006 to £3,910m in April 2007.Building society gross advances amounted to £3,772m in April 2007, compared to £3,512m in April 2006. However, net advances were £1,031m in April 2007 versus £1,106 in April 2006.BSA director general Adrian Coles says: “Gross advances were the highest April figure for […]
Money Marketing editor John Lappin replies to criticism from the ABI.
Steeped in incongruity, 130/30 funds have been labelled everything from “the optimal investment solution” to the “worst of both worlds” as they hang on to the coattails of hedge funds to become a mainstream product in the investment arena.
A number of leading multi-managers are becoming increasingly bearish about fixed interest and are favouring cash holdings in their cautious managed portfolios.Cautious managed funds can hold up to 60 per cent in equities with the balance held in cash and bonds.Gartmore has reduced its fixed-interest weighting to 21 per cent with deputy head of multi-manager […]
We British are known for our stiff upper lip and just getting on with things. It’s part of our quirky cultural behaviour – like forming orderly queues, or saying sorry when it’s not our fault. Many of us just aren’t that great at talking about what’s bothering us. But if someone feels that the stresses […]
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Alliance Trust Savings’ new boss must “instil common sense” across the business and start to engage with advisers if they are to salvage the platform’s reputation, IFAs have said. Industry insiders have welcomed news of ATS chief executive Peter Mill’s departure, but say the platform needs to move quickly to fix its service issues. Frustrated advisers are […]
The FCA has said that the Financial Ombudsman Service does not need more guidance on how it should match the regulator’s rules with the complaints adjudicator’s judgments. While the FCA regulates firms according to its handbook, FOS decides on complaints based on a ‘fair and reasonable’ test, that is, whether the claim would be successful […]
The curious goings-on in the world of financial services