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News

PMI

PM faces NHS row as Minister admits reforms give private sector 'genuine opportunites'

Medical professions have rejected claims by the Prime Minister that the amended NHS reforms have their full support.

clock 08 September 2011 •

ETFs

ETP assets fell in August, defensives gained

European ETP investors shifted into defensives in August and out of risky assets in response to market volatility, Deutsche Bank reports.

clock 08 September 2011 •

Economics / Markets

Bank keeps interest rate at 0.5%; QE maintained at £200bn

The Bank of England has kept interest rates at their record low level of 0.5% following the latest meeting of the Monetary Policy Committee (MPC).

clock 08 September 2011 •

Regulation

FSA fines fifth mortgage lender and forces £2.35m customer redress

The FSA has fined Essex-based mortgage lender Swift 1st Ltd £630,000 for unfair treatment of some customers facing mortgage arrears.

clock 08 September 2011 •

Tax Planning

CGT-dodging ex-minister favours CGT over 50p rate

A former Labour Treasury minister today urged her party to drop its support for the 50p tax rate.

clock 08 September 2011 •

uncategorised

MetLife moves into hybrid annuity marketplace

MetLife will launch a fixed term annuity which allows pensioners to switch to an enhanced or lifetime annuity before the end of the term.

clock 08 September 2011 •

Wrap/platforms

Cofunds sets Nov deadline for commission-free share classes

Platform giant Cofunds has asked fund groups to commit to developing commission-free share classes by November as it moves to align itself with RDR.

clock 08 September 2011 •

Mortgages

FSA clamps down on sale and rent back

The FSA is to extend the regulation of sale and rent back (SRB) agreements to all providers, in an effort to clamp down on the "considerable" number of unregulated transactions still taking place.

clock 08 September 2011 •

Regulation

Firms warned on fake FSA tax evasion email

The Financial Services Authority (FSA) has told firms to ignore a scam email telling them the regulator intends to take action agaisnt them for tax evasion.

clock 08 September 2011 •

uncategorised

PMI launches retirement diploma for pensions newcomers

The Pensions Management Institute (PMI) has created a diploma in employee benefits and retirement savings (DEBRS) to help payroll, human resources and auditing staff prepare for auto-enrolment.

clock 08 September 2011 •
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