Whitechurch Securities chairman Kean Seager says the firm will resist any attempt by the FSA to make it write to 1,000 clients inviting them to claim compensation over precipice bonds sold by liquidated direct mail arm Whitechurch Investment Services.
The Money Portal will launch a fund admin platform service designed to compete with the admin services of a major international bank. TMP has appointed three leading investment experts to run the business which provides distribution and admin services for fund management companies. It has recruited John Ellis from JP Morgan Fleming Asset Management as […]
Enterprise Homeloans announces it has received formal authorisation from the FSA to be an arranger. Enterprise is a private company specialising in the marketing and packaging of non-conforming morgages for the Zurich Advice Network and the Zurich Mortgage Network. Enterprise chief executive Michael Clapper says: “In light of the sentients throughout the industry, it would […]
Dresdner Kleinwort Wasserstein has launched the UK's first covered warrant linked to a hedge fund index.The investment bank is this week launching a three year tracker certificate linked to the returns of the HFRX Global Index. Dresdner launched into the covered warrants market back in February and offers covered warrants based on UK blue chips, […]
Standard Life has apologised for its subsidiary Standard Life Bank poaching business from an IFA. Derek Williams Partnership director Derek Williams discovered that his client had been approached by Standard Life Bank offering him a capital-protected product which is only available direct to investors. Williams says his only option was to recommend the plan to […]
Those of you who have read any of the political manifestos over the previous weeks may have noticed one glaring omission from all the publications: the subject of welfare reform and the role that income protection could (and probably should) play in this process.
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Justin Modray says the RDR will make little difference in the way most advisers are paid.
M&G is merging its Global Leaders fund into the Global Themes fund in the wake of a review resulting from fund manager Aled Smith’s decision to step down. The proposed merger has been approved by the regulator but is still subject to approval from shareholders. The Global Themes fund will continue to be managed by […]
Face-to-face advice still holds a firm place in serving clients, despite an increasing demand for mobile and remote services in adviser practices. Research from consolidator Fairstone from November shows there has been a 10 per cent decrease in the use of face-to-face financial advisers over the past seven years. However, advisers speaking to Money Marketing […]