Gordon Brown and George Bush are to set up a UK-US working group which will develop proposals to monitor and regulate the banking system.
Alliance & Leicester has announced that its intermediary head of sales Mark Blackwell has been made redundant from the lender after just four months in the role.It says this was announced internally to staff this afternoon, with Blackwell set to leave in April.A spokeswoman for A&L says that Blackwell’s job loss was due to its […]
Scottish Life International has designed a new type of trust which it says helps get round the inheritance tax crackdown introduced in the 2006 Budget.The trust allows the settlor to make a potentially-exempt transfer and establish a flexible trust without incurring an immediate IHT charge.Under the 2006 reforms, transfers to trusts become immediately chargeable where […]
If there was ever a doubt New Star founder John Duffield would do anything and everything to turn the fortunes of his business around, this week’s tie-up with Tata Asset Management has answered all the critics.
Over half of financial advisers are confident that this year will turn out to be good for business despite the market volatility.Teamspirit’s Hopes and Fears Influence research shows that 58 per cent of advisers have an optimistic outlook.Sixty-three per cent say that the health of the UK economy is their biggest concern, with regulation and […]
The National Association of Pension Funds (NAPF) recently published its 40th annual survey of workplace pensions. The survey looks at both defined benefit and defined contribution schemes.
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Offsetting the cost of advice this way would benefit clients and advisers alike One of the multiple barriers to better take-up of financial advice is that some people are unwilling or unable to meet the upfront cost. In response to this, the government has allowed people to take small chunks (three lots of £500) out […]
Fund managers like to trade off having a unique style. There thousands of funds out there to choose from – the question I often hear from advisers is: what makes this person different? Sometimes this can be a really tough one to answer. “We invest for the long term” is all fine and good, but […]
With rising costs and an increasingly tough regulatory market more advisers are looking to outsource their investment proposition, with many leaning towards discretionary fund managers. But while the number of advisers using DFMs is on the up, overall satisfaction with them has dipped. According to a recent survey by financial information firm Defaqto, 74 per […]