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&#39IFAs caught in FSA and FOS rules trap&#39

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.

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IMA is seeking to emulate ABI on PR strategy

The Investment Management Association is seeking members&#39 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 […]

Norwich & Peterborough Building Society – Childrens&#39 Loyalty Bond

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&#39s loss of interest Tel: 0845 3002511

MGM plan offers 110% guarantee

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 […]

&#39Use salary sacrifice to cut NI bill&#39

Legal & General is advising employers to take advantage of salary sacrifice to reduce their firm&#39s and employees&#39 National Insurance bill. A 1 per cent increase in NI contributions will add an extra £1,000 to an employer&#39s NI bill for every £100,000 of payroll. But L&G says by simply reviewing the way pay is structured, […]

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