The Financial Ombudsman Service rules in favour of private investors far too often, according to Apcims. Speaking at an IFA conference in Geneva, chief executive Angela Knight said the FOS often forces advisers to pay compensation even though the adviser has acted legitimately, sensibly and ethically. She said there was no longer a level playing field in the UK and expressed concern that advisers were being caught between FSA and FOS rules.
The Investment Management Association is seeking members' help to establish a more coherent PR strategy to redress what it sees as an imbalance between its press coverage and that of the ABI.The IMA recently hosted a forum with a number of leading fund managers to discuss ways in which it could boost its profile, particularly […]
Thursday, 24 April 2003 Type: High interest account Minimum-maximum investment: £1,000-£25,000 Interest rates: 4.4% gross a year Term: Five years Offer period: Until further notice Withdrawal penalties: 180 day's loss of interest Tel: 0845 3002511
MGM Assurance is offering a structured product which guarantees the return of 110 per cent of the initial investment after its five-and-a-half-year lifespan.The growth assured bond, which starts on June 30, will pay on maturity the greater of 110 per cent of the initial investment or 45 per cent growth in the value of the […]
Legal & General is advising employers to take advantage of salary sacrifice to reduce their firm's and employees' National Insurance bill. A 1 per cent increase in NI contributions will add an extra £1,000 to an employer's NI bill for every £100,000 of payroll. But L&G says by simply reviewing the way pay is structured, […]
Most of us would agree that pensions were complicated enough before April 2015, but since the pension freedom changes came into effect it has got a whole lot worse.
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Three advice firms have stopped giving pension transfer advice following work by the FCA over the future of the British Steel Pension Scheme. A statement this afternoon details the FCA’s “information gathering exercise” to identify the firms that have been most active in advising people to transfer out of the scheme. The regulator got information from […]
The FCA has launched a consultation on its approach to authorisation and competition, which will be open to responses until March next year. Following the launch of the FCA’s mission in April, the approach documents are the second and third in a series of papers explaining how the watchdog tackles regulation. The first document, the […]