The unanswered question – could new mortgage lending rules restrain house prices – outside London at least?

One has to wonder how much thought the Bank of England Governor Mark Carney has given to the Mortgage Market Review. It is not his remit you say – it sits with the Financial Conduct Authority and is all about … Read More

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We need to ask consumers what ‘guidance’ about their retirement should look like

Have you seen the warnings about reckless baby boomers taking advantage of the budget’s new found freedoms to release and then spend all that newly available pension cash? The pensions minister Steve Webb may regret his Lamborghini reference, though he … Read More

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What should investors make of the St James’s Place decision to switch to Neil Woodford’s new operation?

If you invest with St James’s Place and many people do, then your next discussion about your portfolio may well focus on the decision to switch substantial mandates away from Invesco Perpetual and hand management to several other fund management … Read More

Posted in Fund management | 2 Comments

Congratulations Nest on your millionth pension investor. Now what about a set date for ending that confusing 1.8% contribution charge?

A pension scheme that you are probably starting to become familiar with reached a rather spectacular one million members this week. Everyone, and not just those million members, should be congratulating Nest – or the National Employment Savings Trust as … Read More

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Will the botched media strategy from the financial watchdog end up undermining its own inquiry into closed insurance policies?

The Financial Conduct Authority has clearly botched its media strategy when it announced – or leaked – plans to investigate closed insurance policies in the summer a few days prior to the publication of its business plan. There are two … Read More

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The annuity reforms mean that if the Money Advice Service is broken it needs fixed not abolished

The Money Advice Service has come under intense scrutiny in the last year. It did not have a great start, spending a huge amount of money on marketing and advertising since its creation in 2010. Most recently its ‘What does … Read More

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Beware banks offering financial advice – find a decent IFA instead

There is an odd feel to many of the fines the High Street banks have received from the regulator for financial advice failings. The latest, a stonking £12m plus fine for Santander, applies to a force of advisers that has … Read More

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Buy-to-let boom to replace annuities? Some experts are really not so sure

Thinktank the Strategic Society Centre has hit out at the Budget for potentially fuelling a new buy-to-let boom and pushing home prices even further out of reach of first time buyers. Writing on website Public Finance director James Lloyd has … Read More

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This pensions revolution is great news if you know what you are doing

If you are a savvy investor or saver, then the Budget was fantastic news. You can even, if you still wish, buy an annuity, though predictions this morning from Barclays suggest that the market may well decline by two thirds … Read More

Posted in Annuities, Pensions | Leave a comment

Should deals between newspaper groups and wealth managers influence investors’ decisions?

This week saw a new wealth management service offered by the Times and Sunday Times Group linking with wealth manager Bestinvest. Readers/clients can select from four levels of service. These are – Transaction only: a non-advised on-line service providing access … Read More

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