Today's News - Page 2
Markets
Aegon to delist from London Stock Exchange
Insurer Aegon is to delist from the London Stock Exchange, arguing the negligible volume of trading on its shares does not justify the cost.
AXA calls for consultation on Sipp and GPP charges
AXA Wealth has called for a consultation on clarifying defined contribution pension charges to be extended to group personal pensions and Sipps.
Nationals and networks warned over ‘disguised commission’
IFA nationals and networks face scrutiny from the Financial Services Authority as it begins to look into ‘disguised commission’ payments between providers and advisers, according to solicitors Eversheds.
Citywire Top Stocks Daily News Digest
All the news from across the web about the companies featured in Citywire's Top Stocks.
Wednesday Papers: Morgan Stanley subpoenaed over Facebook IPO
And ‘massive’ infrastructure plans signal British coalition’s shift to growth.
Overnight Markets: US stocks erase gains on Greek concerns
Fears that Greece would exit the euro and a slump in Facebook shares overshadowed economic optimism.
Eversheds warns of TPR auto-enrolment intervention
Law firm Eversheds has warned advisers that The Pensions Regulator (TPR) will look to use a set of tell-tale risk factors when investigating compliance with auto-enrolment.
Cazenove to enhance reporting across multi-manager range
The asset management firm plans to unveil enhanced reporting across its multi-manager range to provide advisers with the same high level of service offered in its discretionary unit.
Adviser Workshop: How to educate clients
Nigel Barker-Smith, Pete Matthew and Darren Lloyd Thomas take different approaches to educating their clients, including running seminars, workshops and masterclasses, and using social media and information packs.
The Wrap Factfiles: James Hay Wrap revamped and re-examined
The James Hay Wrap has recently undergone a revamp and changed its charging structure. Figures given include its Sipp business.
Steve Bee: Workplace advisers must link with accountants to survive
Advisers must team up with accountants to launch workplace focused businesses in order to survive a ‘perfect storm’ of regulatory change.
Sargisson on a mission to revive James Hay’s fortunes
James Hay’s Tim Sargisson is confident the provider’s recent revamp will boost business.
Consumer Panel calls for stronger MAS to solve advice gap
The Financial Services Consumer Panel has called for the Money Advice Service to be given greater powers, arguing the move will help plug the advice gap exacerbated by the retail distribution review.
Biofuel firm attack on SFO dismissed as 'fanciful'
Claims by a collapsed £40 million Sipp biofuel investment scheme that it was it was shut down unfairly have been dismissed as ‘fanciful’ by the firm responsible for retrieving investor’s money.
Beecroft report: cut micro employers from auto-enrolment plans
The government-commissioned Beecroft report has called for micro employers to be excluded from auto-enrolment, arguing that including them would lead to dispropotionate costs and lead only to 'marginal at best' benefits for employees.
Inflation slide: can King swap his pen for his QE gun?
Mervyn King has had to do an awful lot of letter writing of late but April's slump in inflation to 3% has spared his blushes this time round and paves the way for more fiscal stimulus if required.
IFA complaints fall as FOS swamped by PPI claims
The number of complaints to the Financial Ombudsman Service relating to IFAs in 2011/12 has fallen as the organisation again found itself swamped by complaints relating to payment protection insurance, many of which were submitted by claims management companies rather than consumers.
Gov’t urged to introduce single rate 30% income tax and scrap IHT
The government has been urged to introduce a single 30% rate of income tax and abolish national insurance, stamp duty, and inheritance tax, by a joint project between the Institute of Directors and the Tax Payers Alliance.
Webb unveils plans for contracting out offset
The pensions minister has revealed private sector employers will be allowed to cut the payments of contracted out defined benefit scheme members when the government's proposed flat rate state pension is introduced.
Overnight Markets: US stocks rebound on China comment
Sentiment improved further after German and French officials said they will work to keep Greece in the euro.