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Published articles 2012

Column for Money Marketing

Pensions high on the political agenda

I have just got back from the parallel universe that is the Liberal Democrat Party conference.  To be fair that description could apply to any political party conference, it just so happens that the Liberal Democrat one is always the first one.  Anyway, as ever, I survived and will be letting myself in for more of the same over the next couple of weeks.  

Mona Patel, Head of Communications
September 2012

Column for Money Marketing

Should we go further and fully separate banking operations?

I imagine most of you will have clients who are invested in one way or another in banks - whether it be through direct investments, tracker funds, actively managed UK equity funds or indeed a pension. And undoubtedly they will be asking you questions about the banks and their business models and what this means for their investments.  

Mona Patel, Head of Communications
August 2012

Column for Money Marketing

FSA must find fairer FCSC funding model

The FSA’s recent proposals to reform the Financial Services Compensation Scheme cannot be seen as anything but ludicrous.  Fund managers last year had to pay out £230 million in compensation to investors who had invested in bonds issued in Luxembourg backed by a life settlement portfolio.  It was not fund managers who manufactured the bonds.  It was not fund managers who sold the bonds.  It was fund managers who had to pay compensation to investors in those bonds when they went belly-up.

Mona Patel, Head of Communications
July 2012

Column for Money Marketing

Ill-informed critics damage savings industry

You’d be forgiven for feeling slightly depressed after a quick scan of newspaper headlines these days.  We are all doomed – whether it be the state of our finances, the healthcare we receive or the standard of education in our schools.  And as for the financial services industry – why bother with them?  

Mona Patel Head of Communications
July 2012

Column for Money Marketing

School of thought

The urgent need to have better informed consumers able to make decisions about their own financial affairs is one that must remain firmly at the forefront of the political agenda.  Not only is it important to individuals but it has wider policy implications for government.  

Mona Patel, Head of Communications
June 2012

Column for Money Marketing

Code comfort

When you decide to invest your clients’ money in the shares of UK companies, I have no doubt that you (and your clients) want to make sure you are investing their money in well-run companies which have the prospect of offering an investment return. But just how do you go about choosing those types of companies and how can you be sure they are operating in the best interests of their shareholders?

Mona Patel Head of Communications
May 2012

Column for Money Marketing

What future for ISA sales?

By the time you read this, the end of the tax year will have come and gone and you’ll have seen the last of adverts telling you to make sure your clients “use it not lose it”.  I am, of course, referring to the 2011/2012 tax year ISA allowance of £10,680.  But now you’ll no doubt be bombarded with adverts about the need to get your clients thinking about this year’s tax allowance and perhaps setting up a monthly plan to squirrel away as much as possible of the full £11,280 they are allowed to put into an investment ISA in the 2012/2013 tax year.  

Mona Patel, Head of Communications
April 2012

Fundweb

What will Tax-Transparent Funds mean for the UK?

I have long been an advocate of introducing tax-transparent funds to the UK. Their introduction this summer will mean that the UK can really make the most of the Ucits IV Directive which allows master-feeder Ucits for the first time.

Karen Bowie, Senior Adviser, Product Regulation
April 2012

Column for Money Marketing

IMA: The myth of excessive fund charges

The fund management industry has been under attack recently over charges. There’s nothing wrong with that - as an industry we should be able to answer any accusations levelled against us. What is wrong, however, is the way in which the campaign against the industry has been built up around a series of myths that have been lapped up by the media.

Mona Patel, Head of Communications
March 2012

Column for Money Marketing

The review to end all reviews?

It’s 2014. The Financial Conduct Authority (FCA) has published proposals to review the way financial advice is paid for. Why? Because the market is distorted and there is an un-level playing field between different types of product and distributor. It costs more to get advice than it ever has and it is difficult for consumers who can afford it to work out how much they have paid, to whom and for what. I sincerely hope this is not going to be the case.

Mona Patel, Head of Communications
January 2012

Guest viewpoint for Pensions Insight

DC increasingly under European spotlight?

Many in the UK pensions industry have recently had the generally frustrating task of responding to the 512-page EIOPA consultation on the IORP review. Frustrating because the consensus view in the UK is that the current trajectory may result in more harm than good.

Jonathan Lipkin, Head of Research and Pensions
January 2012

Guest viewpoint for IPE (Investment and Pensions Europe)

Investment managers are not as excessively short-term as everyone seems to think

Much has been written about investment managers churning stocks to the detriment of client returns, investee companies and potentially the overall stability of the economy. Short-termism is a phrase that is used by many, without necessarily clearly defining what it means. It also remains firmly on policy-makers’ agendas, with the European Commission referring to “inappropriate short-termism among investors” in its Green Paper on Corporate Governance earlier this year.

Liz Murrall, Director of Corporate Governance and Reporting
Jonathan Lipkin, Head of Research and Pensions
January 2012

 

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