Recently added articles from Financial Advisor:
Tenet signs tried and tested software solution.
Nov 27, 2008 ... Byline: Catherine Couch Tenet Support Services has entered into a long-term agreement with True Potential, which will see the latter recommended as a technology partner. The agreement means Tenet will offer its members access to a software solution that has already ...
Capital adequacy rules have 'trampled' advisers.
Nov 27, 2008 ... Byline: Emma Ann Hughes Advisers have been "ignored" and "trampled" on by the regulator's retail distribution review, according to the Association of IFAs. During a panel discussion at the FSA's RDR conference on Tuesday afternoon, Chris Cummings, director general of ...
The gloves are off.
Nov 27, 2008 ... Byline: Hal Austin Leader Chancellor Alistair Darling came out fighting in his pre-Budget report, which had the ringtones of a pre-election manifesto. He left very little untouched as he fought desperately not only to simulate consumer spending, but to ...
When the dust settles.
Nov 27, 2008 ... Byline: Jim Reeve The spread of dismay among clients may come as a blow, but now is not the time to withdraw from direct contact 'Past performance is no guide to future returns' - recent financial market turmoil is a sharp reminder of why the regulators insist health ...
Carphone Warehouse? Buy, buy, buy!
Nov 27, 2008 ... Byline: Marcus Carlton Marcus Carlton, director of HFM Columbus, spends his week rallying the troops following another tough week for equties just as interest rates spur a feeding of some favoured markets, meanwhile bargains are to be had at Carphone Warehouse for daughter ...
PBR: Chancellor promises to tackle offshore tax evaders.
Nov 27, 2008 ... Byline: James Redgrave The Chancellor of the Exchequer has hit out at offshore banking centres, accusing them not "contributing to the UK". Alistair Darling, in his Pre-Budget Report, promised to tackle tax evaders who deposit money in "crown dependencies" ...
RDR to end two-decade long debate.
Nov 27, 2008 ... Byline: Catherine Couch Groundhog Day has ended for the financial services industry, according to Adair Turner, chairman of the FSA. Speaking at the retail distribution review conference held in London on Tuesday, Mr Adair told the 400-stong delegates in attendance, ...
Banks work around regulated advice: Fos.
Nov 27, 2008 ... Byline: Joy Dunbar Banks and insurers have devised processes that exclude the need for regulated advice, according to David Thomas, principal ombudsman and corporate director of the Financial Ombudsman Service. He said banks and insurers find it easy to come up with ...
Government fails to 'get to grips with savings' - ABI.
Nov 27, 2008 ... Byline: James Redgrave The government's delay in forcing automatic enrolment into pension schemes shows it has failed to grasp the nation's savings problems, according to the Association of British Insurers. At its sixth annual savings conference at the Congress ...
Four-year RDR deadline encourages two-speed response, says Royal London.
Nov 27, 2008 ... Byline: Joy Dunbar A two-speed industry may be created as a result of the time scale the City regulator has granted the sector to make the retail distribution review proposals a reality, Gareth Evans, head of corporate affairs for Royal London, has warned. The FSA is ...
EC squeezes providers into RDR.
Nov 27, 2008 ... Byline: Catherine Couch Were it not for the role of European legislators in preventing the City regulator from fulfilling its retail distribution review goals, providers would have been prevented from having any say over adviser remuneration. The FSA's 220-page ...
The last chance to win.
Nov 27, 2008 ... Byline: Ben Bonney-James It is the Last Chance Saloon for those of you still hoping to register a portfolio for the JP Morgan Asset Management Fantasy Fund Manager competition. The deadline of 30 November to register to take part in this year's competition that ...
Basic advice rules scrapped.
Nov 27, 2008 ... Byline: Emma Ann Hughes Rules around basic advice have been axed after the FSA admitted there were low levels of demand for stakeholder products. Basic advice was introduced in April 2005 as a new form of regulated advice for the sale of stakeholder savings and ...
FSA calls halt to long-stop.
Nov 27, 2008 ... Byline: Emma Ann Hughes Introducing a long-stop time limit on the period within which complaints must be brought against IFAs has been ruled out by the regulator. Earlier this month Sesame urged the FSA to introduce a 15-year long-stop for complaints as part of the ...
Post-mortem compensation in consultation.
Nov 27, 2008 ... Byline: Emma Ann Hughes Putting in place appropriate mechanisms that force firms no longer authorised to compensate clients who make subsequent complaints is to be explored by the FSA. The City watchdog stated it was considering developing rules for intermediaries on ...
Read across due in next year.
Nov 27, 2008 ... Byline: Emma Ann Hughes A Read across of the retail distribution review for mortgage and general insurance advisers will be explored during the next financial year. Previous work to develop a clear view on the scope for read-across of RDR ideas and approaches will be ...
Explain difference between advice and sales.
Nov 27, 2008 ... Byline: Emma Ann Hughes Checks will be made to make sure intermediaries deliver the type of service they promised to offer their clients, the FSA announced. Whatever approach the City watchdog demands intermediaries take to explaining the difference between advice and ...
Investors may find relief in VAT cut.
Nov 27, 2008 ... Byline: Emma Ann Hughes Investors could benefit from reduced fees for managing their finances following the cut in VAT, according to industry experts. In the pre-Budget report, Alistair Darling reduced VAT by 2.5 per cent to 15 per cent until the end of 2009 and ...
FundsNetwork 'safe' as Fidelity wields axe.
Nov 27, 2008 ... Byline: Joy Dunbar Fidelity International stated it was committed to FundsNetwork despite planning hundreds of job cuts as a result of the current economic climate. Sam Slator, senior manager of UK press relations for Fidelity, said FundsNetwork, ...
Lending Panel will target excessive risk taking.
Nov 27, 2008 ... Byline: Catherine Couch Gordon Brown bet his political future on a GBP20bn tax giveaway on Monday as his chancellor said restoring and maintaining financial stability was crucial to avoiding recession. In his second pre-Budget Report statement to the House of Commons ...