View more on these topics

Tories say Hip U-turn will add to public’s confusion

Tory Shadow housing minister Michael Gove says the Government must go back to the drawing board over Hips.

Speaking in Parliament, Gove suggested that the timing of the move was politically motivated and damaged confidence in the industry and affected the stability of the housing market. He said the Government cares more about minimising its embarrassment over the affair than helping first-time buyers and tackling climate change.

Gove said: “Isn’t it the case that this is a desperate lastminute retreat designed to ensure that the minister of housing and planning is airlifted out of the department by her friends in the Treasury in a future reshuffle so she does not have to cope with the chaos she has created?

“Is it not tragic that confidence in the industry, the stability of the housing market and the battle against climate change have all been damaged by the Government’s arrogance and incompetence?”

LibDem shadow government secretary Andrew Stunell says the Hip saga reveals the Government’s incompetence after it admitted that as well as the legal battle with the Royal Institution of Chartered Surveyors, not enough energy assessors have been trained.

Stunell says: “The piecemeal implementation of this jinxed scheme will only result in yet more confusion for buyers and sellers. This is another black mark on the Government’s environmental record. Tackling climate change requires improving the energy effic-iency of existing homes but one measure proposed by ministers is now delayed because of their bungling.”


Cash points

The global equity markets have continued to gain upward momentum. Before February’s correction, we started to take a defensive approach due to the lack of pricing of potential risk and short-term technical and sentiment indicatorsWe believe these short-term market corrections offer great entry points for longerterm investors and we used the cash we had built […]

Health industry could be the model for regulation

The retail distribution review may recommend an independent council to govern financial advisers, with the ability to strike off those who are not up to scratch.The professionalism and reputation committee could recommend a single board, made up of representatives of the Institute of Financial Planning, Personal Finance Society, Aifa, lawyers and consumer organisations, to govern […]

Basket weave

Meteor Asset Management, headed by the very bright Graham Devile, has produced two excellent capital-protected plans linked to commodities. One is the Meteor galaxy protected commodities plan and the other is a similar plan based in dollars.The UK plan pays out 160 per cent of any growth in the commodity basket with 100 per cent […]

China: growth defence or another debt-fuelled boom?

By Douglas Turnbull, Head of Chinese Equities at Neptune Following recent stimulus efforts from Beijing, Neptune’s Douglas Turnbull examines how the government’s long-term reform agenda can be balanced with supporting growth and addressing structural challenges, and the investment opportunities arising from this.Click here to read more Important information: Investment Risks Neptune funds may have a […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm