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Professional Adviser

Professional Adviser

Articles by Professional Adviser

uncategorised

'Explosion' of innovation expected for UK life offices

Life insurance providers will see around a third of their revenues come from products that have yet to be developed, according to State Street senior vice president, Wade McDonald.

clock 24 June 2009 •

Investment

Corporate bond sales remain strong but returns trail

The IMA UK Corporate Bond sector has remained a firm IFA favourite taking 17% of total advised sales during May, according to Fidelity FundsNetwork's monthly figures.

clock 24 June 2009 •

uncategorised

RBS lost the most; Madoff asks for 12 years - papers

Royal Bank of Scotland, now 70%-owned by the government, lost more money last year than any other bank in the world, new figures out today confirm.

clock 24 June 2009 •

Economics / Markets

FTSE dips despite miner gains

The FTSE 100 slipped in early morning trading after making a quick gain straight after the opening bell.

clock 24 June 2009 •

Offshore Investment

IOM adopts automatic exchange of information

Customers with Isle of Man (IOM) bank accounts will no longer be able to withhold their tax details from the powers that be after the island today agreed to the automatic exchange of information within the EU.

clock 24 June 2009 •

Mortgages

One in six 'prime' borrowers in negative equity

One in six prime UK mortgages is in negative equity, with the possibility this figure could climb to one in three if house prices fall in line with its expectations, Fitch warns.

clock 24 June 2009 •

Investment

Understanding higher rate tax relief

I am sure we are all aware that the government intends to include provisions in the Finance Act 2009 to restrict higher rate tax relief on pension contributions by individuals with taxable income of £150,000 or more.

clock 24 June 2009 •

Technology

Nucleus plans to raise over £3m in rights issue

Nucleus is looking to raise more than £3m in a rights issue to help clear some of the company's debt to South African insurer Sanlam.

clock 23 June 2009 •

Your profession

FSA dithering over RDR small print

Chapters of the impending RDR consultation paper have been redrafted on "numerous" occasions in recent weeks as the FSA continues to um and ah over its proposals.

clock 23 June 2009 •

Mortgages

Charter to help brokers avoid 'cowboy operators'

Sale-and-rent-back provider Residential Property Solutions (RPS) has launched a charter to encourage other firms to raise their standards and to help consumers and brokers avoid cowboy operators.

clock 23 June 2009 •
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