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News

Your profession

Bank advisers embrace 'no regrets' promise in RDR push

Tied advisers are "just getting on" with meeting new minimum qualification proposals in the RDR by attaining QCF Level 4 under the FSA's ‘no regrets' promise.

clock 06 November 2009 •

Mortgages

Five house hunters fight for every property

Demand is exceeding supply across the housing market, with estate agents registering five house hunters to every available property, according to the National Association of Estate Agents(NAEA).

clock 06 November 2009 •

Wrap/platforms

Ascentric hires former 1st-The Exchange manager

Ascentric is expanding its business development team with the appointment of Debbie Steer, formerly of 1st The Exchange.

clock 06 November 2009 •

Your profession

PIFs must hold three months' worth of fixed costs - FSA

All personal investment firms (PIFs) will have to hold capital resources worth three months of their annual fixed expenditure (the EBR), the FSA confirmed today.

clock 06 November 2009 •

Your profession

Yellowtail chief draws up advice 'manual' in new business bid

Plans to set up a number of turnkey solutions at Yellowtail Financial Planning are underway in a bid to increase profits without taking on more costs.

clock 06 November 2009 •

ETFs

Deutsche appoints UK head of ETF sales

Deutsche Bank has appointed Nick Shellard as UK head of ETF sales to bolster the bank's ETF business in the UK market.

clock 06 November 2009 •

ETFs

Nasdaq OMX starts trading two Xact ETFs

Nasdaq OMX Stockholm has started trading two ETFs issued by Xact Fonder, tracking the OMXS30 index.

clock 06 November 2009 •

Managed solutions

Institutional fund managers eye retail space

Institutional fund managers are increasingly looking to the retail market, suggests a survey by Skandia Investment Group (SIG).

clock 06 November 2009 •

Your profession

RBS reports losses of £1.5bn - papers

Royal Bank of Scotland reports third quarter losses of £1.5bn following a near tripling of its bad debts write-offs between July and September.

clock 06 November 2009 •

Income

Advisers warned on income drawdown misselling

Advisers could face regulatory repercussions if they fail to warn their income drawdown clients about the potential pitfalls of taking their tax free cash early.

clock 05 November 2009 •
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