Recent improvements in forward swap rates have led to increases for many fixed rate savings bonds according to Bristol & West's latest figures.
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Trade bodies' fears on FSA's reporting rules
Trade bodies fear that new reporting procedures proposed by the FSA will add costs and mean an upheaval in business practices.CP198, published last week, outlines regulatory reporting proposals for financial services firms. In it, the FSA proposes a “streamlined approach to reporting requirements” which would mean that all intermediaries must file reports to the FSA […]
Rental incomes increase – Paragon Mortgages
Buy to let rental incomes rose 3.30 per cent (£9,354) in August compared to £9,055 in July according to Paragon Mortgages monthly buy to let index. The index also reveals that after two months of modest falls yields have now stabilised at 7.57 per cent as a result of this rise in rental income, despite […]
Edinburgh Partners rules out retail funds
Edinburgh Partners has dashed IFA hopes that it intends to launch retail funds after confirming that its initial three portfolios will only be available to institutions.The company, set up by former Scottish Widows Investment Partnership chief investment officer Sandy Nairn and head of UK equities Graham Campbell, will offer only investment trusts to retail investors. […]
DWS focuses on homegrown funds
DWS Investments has designed an Oeic fund of funds that invests only in DWS funds. The DWS managed distribution fund will initially invest 50 per cent in equities and 50 per cent in bonds. However, it has the flexibility to invest between 40 per cent and 60 per cent in each asset class as market […]
Fit for Work — where next?
The rollout of Fit for Work (FFW) has now started in England and Wales.
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DB paraplanner appoints liquidator after restriction strangles income
Paraplanning firm Heather Dunne Consulting has gone into liquidation after its principal restricted its pension transfer permissions. Adviser Heather Dunne founded the firm in 2002 to support advisers doing pension transfers and the firm’s biggest client was HDIFA. HDIFA is also run by Dunne but was placed on voluntary suspension in July 2017 when it was […]
Tony Wickenden: More pressure on shielded UK business profits
HMRC is tightening the screw on tax avoidance involving profit fragmentation Tax avoidance continues to drive Treasury and HM Revenue & Customs activity. Over the summer, the Revenue published responses to its consultation on proposals to tackle schemes designed to move UK business profits outside the charge of UK tax, often using offshore trusts and […]
Why protection acceptance rates need more promotion
The FCA recently published feedback on its Call for Input on access to insurance. While this was focused on the ability for people with pre-existing conditions to get travel insurance, it will have wider implications for the protection market – and rightly so. Too many consumers feel they are uninsurable, having been refused cover, even […]
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