News
FSA enlists paraplanners in fight against poor investment advice
The Financial Services Authority has called on paraplanners to challenge advisers where centralised investment propositions (CIPs) are employed that are not suitable for clients.
Death Cigarettes founder tells paraplanners to fire up marketing
Paraplanners setting up their own business have been told to radically re-think their marketing strategy by the branding guru behind Death Cigarettes.
Paraplanners urged: boost your value by specialising
Paraplanners can make themselves more marketable to advisers by developing a specialism, according to former Personal Finance Society president Eddie Grant.
MPs back plans to scrap 'free banking'
The Treasury Select Committee has thrown its weight behind plans to put an end to 'free banking' and introduce current account charges.
Friday Papers: Insults fly over troubled HP buyout
As many as a quarter of the staff at Autonomy quit the British software group soon after its acquisition by HP.
Overnight Markets: US stocks gain as Europe offsets China concern
But the Nasdaq declined after NetApp gave a weak revenue forecast, casting doubt on the outlook for tech spending.
Citywire Top Stocks Daily News Digest
All the news from across the web about the companies featured in Citywire's Top Stocks.
FSA clarifies position on third party model portfolios
The Financial Services Authority FSA has sought to clarify its rules around IFAs using third party model portfolios.
Polson: Life companies risk overspending on corporate wraps
Wrap consultant Mark Polson has warned that providers developing corporate platforms risk spending ‘hundred and millions of pounds on stuff that people will not use’.
Partnership and Openwork strike annuity deal
Partnership is to become the sole standard and enhanced annuity provider for Openwork and has made a ‘significant’ upfront payment to build new systems for the multi-tied network.
Ex-Chartwell boss Grant joins Fidelius as chief exec
Former Chartwell chief executive Jim Grant has joined Bath-based wealth manager and employee benefits firm as chief executive.
UK recession deeper than first estimated
The UK economy contracted by 0.3% in the first three months of 2012.
JP Morgan Chase under fire over planned copper ETF
JP Morgan Chase’s plan to launch an exchange traded fund backed by physical copper has come under fire from US manufacturers who argued the product would ‘grossly and artificially inflate prices’ and ‘wreak havoc on the US and global economy'.
Sipp provider hits out at £8m green oil Ucis closure
Sipp provider Stadia Trustees has hit out at a High Court decision to close a green oil investment because it should have been called a collective and allegedly promised unrealistic returns.
BoE: QE has not harmed pensions
Quantitative easing has not cut the value of most pension funds as much as first claimed, according to the Bank of England's deputy governor Charlie Bean.
Overnight Markets: Wall Street erases loss amid European optimism
Materials shares boosted the S&P 500, while gains in Apple Inc helped lift the Nasdaq.
Citywire Top Stocks Daily News Digest
All the news from across the web about the companies featured in Citywire's Top Stocks.
Thursday Papers: Euro drops sharply as fears take toll
And furious investors sue Facebook and its banks over botched IPO.
Ofqual criticises CII level four diploma over gaps and easy questions
Exam regulator Ofqual has criticised the Chartered Insurance Institute for failings in its retail distribution review level four qualification.
Concept hopes to fill client knowledge gap with ISA handbook
Reigate-based Concept Financial Planning has published a guide to ISAs for 2012/2013 as part of a programme to educate clients.