Money Marketing - News

FSA UK banking head steps down

Wed, 22 Feb 2012 16:29:00 GMT

Head of large complex UK banks Mandy Spink has decided to leave the regulator.

HMRC to amend annuity adviser charging rules

Wed, 22 Feb 2012 16:06:00 GMT

HMRC will not force people to take an adviser charge from pensions tax-free cash.

Government tightens asset-backed pension contribution rules

Wed, 22 Feb 2012 15:58:00 GMT

PricewaterhouseCoopers says changes to HMRC rules will force pension schemes to revisit previously agreed funding deals.

HMRC tightens asset-backed pension contribution rules

Wed, 22 Feb 2012 15:58:00 GMT

PricewaterhouseCoopers says changes to HMRC rules will force pension schemes to revisit previously agreed funding deals.

Deutsche Bank partners with SCM to launch fund of ETFs

Wed, 22 Feb 2012 15:24:00 GMT

Deutsche Bank’s exchange traded fund platform and investment manager SCM Private have partnered to launch a fund of ETFs.

Barclays investment complaints jump 77% in 2011

Wed, 22 Feb 2012 15:11:00 GMT

Barclays has reported a 77 per cent rise in investment complaints made about the firm to the FSA in 2011.

FundsNetwork seals Barclays Stockbrokers tie-up

Wed, 22 Feb 2012 14:35:00 GMT

Barclays Stockbrokers appoints Fidelity FundsNetwork as its exclusive fund platform.

Skandia appoints head of UK sales

Wed, 22 Feb 2012 13:54:00 GMT

Skandia Investment Group has appointed Warren Tonkinson as head of UK sales.

Tories slam Miliband over donations from "predatory capitalist"

Wed, 22 Feb 2012 12:57:00 GMT

Conservatives attack Labour “hypocrisy” for taking donations and giving job to “asset stripper” Andrew Rosenfeld.

AWD and SJP caught up in Octopus EIS/Rangers saga

Wed, 22 Feb 2012 12:45:00 GMT

Both adviser firms have clients invested in the troubled Octopus protected EIS which is caught up in the Glasgow Rangers administration.

IFS study of US firms links auto-enrolment to contribution fall

Wed, 22 Feb 2012 12:32:00 GMT

The IFS says employees auto-enrolled into pensions are likely to stick to default contribution rates and investment strategies.

PPI redress hit £1.9bn in 2011

Wed, 22 Feb 2012 12:06:00 GMT

Payments hit £441m in December, the largest month yet for PPI payouts.

Invesco’s Read and Causer pulled from SJP fund

Wed, 22 Feb 2012 12:03:00 GMT

SJP is to pull the management of the £235m SJP Investment grade corporate bond fund from Invesco Perpetual’s Paul Read and Paul Causer.

PosSol chief exec Jim Reeve steps down

Wed, 22 Feb 2012 11:19:00 GMT

Positive Solutions chief executive Jim Reeve is leaving the firm to be replaced by commercial director Peter Coleman.

MPC split over size of QE required

Wed, 22 Feb 2012 10:41:00 GMT

David Miles and Adam Posen voted for £75bn extra QE, instead of the £50bn announced.

Lifesearch in deal with comparethemarket.com

Wed, 22 Feb 2012 10:19:00 GMT

Comparethemarket.com has entered into an exclusive deal with Lifesearch to refer users looking for life insurance to the telephone-based adviser.

SJP sees distribution profits rise 5 per cent

Wed, 22 Feb 2012 09:27:00 GMT

St. James’s Place announces pre-tax profits rise of 5 per cent for distribution business.

Ford wants Keydata probe ban over email breach

Wed, 22 Feb 2012 09:11:00 GMT

Keydata founder wants anyone from the FSA who saw protected emails taken off the case.

Merchant won't rule out income delays after stockbroker suspension

Wed, 22 Feb 2012 08:43:00 GMT

Merchant House Group has refused to rule out delays to Merchant Capital investors’ income payments.

Cofunds appoints sales head from Axa Elevate

Wed, 22 Feb 2012 08:37:00 GMT

Cofunds has appointed a head of strategic partnership managers from Axa Wealth Elevate.

Former Threadneedle trader investigated for alleged rogue trade

Wed, 22 Feb 2012 08:36:00 GMT

A former trader at Threadneedle is being investigated after an alleged rogue trade was stopped by the asset manager.

SJP appoints former Sunday Telegraph editor as non-exec

Wed, 22 Feb 2012 08:22:00 GMT

Baroness Patience Wheatcroft to join as a non-executive director.

Ticketus money used by Whyte to takeover Glasgow Rangers

Tue, 21 Feb 2012 18:45:00 GMT

£18m of the assets in the Octopus protected EIS has been accounted for and was used to pay off Rangers’ debt to Lloyds Banking Group.

Morningstar promotes Romer-Lee to MD of Euro business

Tue, 21 Feb 2012 17:10:00 GMT

Morningstar has appointed Richard Romer-Lee as managing director for the firms’ European investment consulting business.

Mark Lyttleton to step down from BlackRock UK fund

Tue, 21 Feb 2012 15:05:00 GMT

BlackRock’s Mark Lyttleton is to stand down as fund manager of the £447m BlackRock UK fund.