View more on these topics

Unsighted on platforms

Peter Jordan of Skandia is fast becoming the Arsene Wenger of the platform sector – at least when it comes to selective blindness!

In response to his statement: “At this stage there is nothing in writing as far as the RDR and platforms are concerned.” I would recommend he reads the FSA factsheet issued in June 2007, Platforms – using fund supermarkets and wraps.

For Peter, it may not be the most palatable read but I think he will find that, when talking about issues that advisers should consider when recommending a wrap, the paper talks about “charges” including actual cost and transparency. Under “functionality”, it includes the “ability to switch or re-register” off the platform.

Malcolm Murray
Head of marketing, Transact


Corporation tax freeze aids 850k firms

The Government has deferred the increase in corporation tax for smaller companies, which will see the 2010 tax rate frozen for 850,000 small businesses. In his pre-Budget report, Chancellor Alistair Darling said that the move will help stabilise small businesses until the economic recovery is secured.The rate will remain at 21 per cent during 2010/11. […]

PBR: CBI criticises headline grabbing speech

Richard Lambert, CBI Director-General, says: “The Chancellor has made a serious mistake imposing an extra jobs tax at a time when the economic recovery will still be fragile. Increasing the National Insurance contribution will hold back job creation and growth.” The CBI also says that Darling’s speech did not spell out how the Government intends […]

Corporate bonds could see a rush for the exit

T Bailey has warned that corporate bonds could face potential liquidity problems following news that the sector saw only £11.8m in inflows in October. Until September, the corporate bond sector ranked first for fund retail sales for 10 consecutive months, according to statistics issued by the Investment Management Association. T Bailey chief investment officer Jason […]

Offshore tax evasion penalty doubles to 200%

The Government has set out tough new measures to tackle offshore tax avoidance and evasion, including tax penalties of 200 per cent. Chancellor Alistair Darling said he would be introducing anti-avoidance and smaller tax measures to safeguard existing revenue and deliver additional revenue streams. He said: “Since the Budget, Her Majesty’s Revenue and Customs has […]


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