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£10,500 Fine for homeloan firm

The FSA has fined Select Mortgage Services £10,500 for poor financial promotions, inadequate sales processes and inappropriate systems and controls to manage its business.

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Paul Kennedy, director of trusts & tax planning solutions at FundsNetwork, sets out the calculations that need to be made on discounted gift trusts

Great expectations

Amber Homeloans’ “china dolls” are setting off on a march across sections of the Great Wall. The team, from left, are Laura Tudgey, Carla Weatherall, Sarah Brewer and Gail Lloyd. They are braving the walk at an average altitude of 738 metres and have already raised more than £13,000 for their chosen charities.

Bright ideas are shining

Rensburg and Skandia’s UK best ideas vehicles have recorded top-quartile performance since their launches in autumn 2006.Rensburg’s UK manager focus trust reached its one-year mark on Tuesday, with the portfolio 28th out of 281 funds in the UK All Companies sector since launch, while Skandia’s version is 22nd out of 283 since its launch in […]

Professional foul

The RDR shows the FSA’s flawed thinking on raising industry standards

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