Money Management articles from June 2004

Money Management archives from June 2004

Raising cap would be mistakeholder CA endorses 1% world.
June 1, 2004... The Consumers' Association (CA) has weighed into the debate on stakeholder's charging structure, warning that any increase from the current 1% cap could lead to "massive misselling". It claims that the resulting bad feeling towards the industry...

The naughty 40 High street firms generate most complaints.
June 1, 2004... 68% of the complaints that the Financial Ombudsman Service (FOS) received in the last financial year came from just 40 companies that the FOS describes as "bigger, high street life offices". Alison Hoyland, spokeswoman for the FOS, says...

Reversion schemes to be SHIPshape Home reversion schemes to come under regulation.
June 1, 2004... The Government decision to bring reversionary home income plans under the mortgage regulation umbrella has been welcomed unanimously across the industry. Originally, the planned introduction of mortgage industry regulation stopped short of...

Attention focuses on buy-to-let RICS looks at buy-to-let code of conduct.
June 1, 2004... The Royal Institute of Chartered Surveyors (RICS) will introduce the first code of conduct for residential letting agents later this year, according to the author of the professional body's new manual for estate agents. Speaking at the...

Life goes on LIA plots industry future at conference.
June 1, 2004... The LIA has used its annual conference to rubberstamp its proposals for change as it attempts to increase the respectable reputation of IFAs. The body is determined to establish itself as the main trade body for IFAs and drag the public...

Money award for MM editor First place for trade media journalist prize.
June 1, 2004... "The trade press provides a vital service, not just to the industry but also to the national press, not least in the supply of a constant stream of up and coming journalists". So said the commentary to the Trade media journalist award at the...

No sex please we're British UK insurers unite against EU proposals.
June 1, 2004... The financial services industry is slowly waking up to the threat posed by the EU gender directive. The legislation, which seeks to introduce sexual equality across insurance premiums and annuities, was first mooted a year ago and the...

Death and taxes Offshore fund to exploit US mortality.
June 1, 2004... The Hertfordshire based Fortress group has held the official launch of its first fund. The Fortress International Fund will aim to bring the previously niche area of US viatical settlements into the UK mainstream. The fund, the second...