The Pensions Regulator has boosted its core budget for 2010-11 to £29.5m, up by £1.3m from 2009-10. The Employer Compliance Regime, which is to police the Pensions Act 2008 reforms, is expected to cost a further £10.4m.
The FSA plan for banning any payments between providers and platforms, including all rebates, has split the platform industry.
Veritas Asset Management has appointed Neil Cooper as senior analyst for the global team.
Choosing between a discretionary or advisory investment manager does not have to be a case of either or
Schroders is looking at introducing a clean fee share class for its funds on platforms.
Jonathan Platt, Head of Fixed Income at Royal London Asset Management, looks at the three trends that his team see shaping bond markets this week. Read the article here: The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not get back […]
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Phoenix Group, Alliance Trust Group, Zurich, and Old Mutual Wealth are amongst the most complained providers in the latest FCA complaints data. A total of 3.76m complaints were received by the FCA during the second half of 2017, up 13 per cent on the first half of the year. Alliance Trust Savings is the most […]
The FCA is reviewing the market for preference shares following the furore over Aviva’s recent decision to cancel its high-yielding preference shares at par value. FCA chief executive Andrew Bailey says in a Dear CEO letter that the regulator is reviewing the prevailing market for certain fixed income shares, particularly those classed as perpetual, irredeemable […]
Five years on from the RDR, and the independent vs restricted debate still holds an exalted position in the market. Significant swathes remain fiercely evangelical in their belief that independence is a pipe dream, or that restricted is a recipe for disgraceful shoehorning. Many of these people are unmoved by the dearth of conclusive evidence […]