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News

Regulation

Tyrie: Financial Services Bill being rushed

The Financial Services Bill is being "rushed" through Parliament without proper consideration being given to proposed changes, Andrew Tyrie has said.

clock 10 December 2012 •

Regulation

IFA markets 'Independence Checker' to fellow advisers

A Devon-based chartered IFA has launched a software tool that ensures advisory firms are able to satisfy and demonstrate that they satisfy the requirements of independence.

clock 10 December 2012 •

Income

Consumers increasingly 'shopping around' IFAs for annuities

People are ‘shopping around' IFAs in a bid to compare and secure the best annuity rates, according to research.

clock 10 December 2012 •

Wrap/platforms

Skandia adds Artemis and Invesco Perpetual to restricted panel

Skandia has agreed terms with Artemis and Invesco Perpetual to add its funds to its restricted panel launching next year.

clock 10 December 2012 •

RDR

Pru: Q2 2013 is impact date for RDR

The impact of the Retail Distribution Review (RDR) will not be felt by many consumers until the middle of next year when they make their half yearly visit to their adviser, potentially building up a bottleneck of discussions about fees, Prudential has...

clock 10 December 2012 •

Investing in the profession

Hidden covenant clause sees adviser banned from Intrinsic

One London-based adviser has said that an unseen restrictive covenant in a contract with his appointed representative (AR) firm means that he is prevented from working for one of the biggest networks in the country forever.

clock 10 December 2012 •

Investment

Wilmot replaces Frikkee on £2bn Newton Higher Income

Richard Wilmot has been named the new lead manager of the £2.2bn Newton Higher Income fund, previously managed by Tineke Frikkee.

clock 10 December 2012 •

Wrap/platforms

FundsNetwork: platform pricing to converge at 30bps

Advisers will be unlikely to pay more than 30bps in platform charges next year, according to Fidelity FundsNetwork.

clock 10 December 2012 •

Investment

Brooks Macdonald Funds launches RDR share classes

Brooks Macdonald Funds (BMF) has introduced a clean share class across its fund range.

clock 10 December 2012 •

Mortgages

FSA fines ex-sub prime mortgage lender and directors £1.2m

The Financial Services Authority (FSA) has fined ex-sub-prime lender Cheshire Mortgage Corporation Limited (CMCL) and two of its directors for mortgage sales failings leading to compensation for more than 2,000 customers.

clock 10 December 2012 •
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