View more on these topics

&#39Business lending&#39 excluded from FSA regulation

The Treasury has excluded second charge loans, loans for properties outside the UK and buy-to-let from FSA regulation.

It will also exclude equity release home reversion schemes, which involve the sale of the property by the borrower to her person providing the finance. It says these are not financial services products, but sale and purchase arrangements made in relation to real property.

Mortgage-based equity release schemes are covered by FSA regulation.



SLI offers investors option to quit after missing out charges on fund literature

Scottish Life International is having to write to investors in its latest structured product notifying them of the fund&#39s charges after failing to cover them in its initial marketing literature.Following discussions with the FSA, SLI is sending a cooling-off letter explaining all aspects of the protected term deposit fund after failing to state its 10.2 […]

One Europe, one pension

Last month, the European Financial Services Roundtable produced a report entitled, One Europe, One Pension – Affording the Future.The report is only 30 pages long and can be found at the EFR&#39s website The EFR is a group of chairmen and chief executives from many of Europe&#39s biggest insurance companies and banks. It includes, […]

Scottish Mutual – Investment Intelligence

Friday, August 9, 2002Aim: Income and growth by investing in cautious, steady and highergrowth fundsMinimum investment: Lump sum £5,000Investment split: Choice of cautious, steady and higher growthfundsIncome facility: Monthly, quarterly, four monthly, half yearly,annuallyCharges: Annual depends on fundCommission: Initial 6.25%Tel: 0845 7660221

PMI firms say they will survive gene test era

Private medical insurers have rejected a prediction by Nobel Prize-winning scientist Sir Paul Nurse that the individual PMI sector will disappear within 50 years.Nurse, a leading researcher and joint head of cancer charity, Cancer Research UK, said this week that advances in genetic testing will make the PMI market redundant within 30 to 50 years.But […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm