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A new look at old news

At Taxbriefs, we were astonished to be taken to task in the Diary (Money Marketing, May 13) for giving delegates to the excellent Money Marketing Live exhibition sample previous editions of our newsletters – in particular, the January edition.

Your Diary&#39s bizarre complaint was that we should have rewritten our January 2004 newsletter – with all its pre-Budget and year-end tax planning comments – to take account of the the pension changes in the March Budget.

Very odd. When you give out back numbers of Money Marketing as samples to potential advertisers and readers, do you reprint them in the light of subsequent events? Of course you don&#39t. Our newsletters are rather like your newspapers.

Danby Bloch




Prestbury issues profit warning

Non-regulated network Prestbury Holdings has issued its second profit warning of the year and has raised £500,000 through a placing of £1m of new convertible loan stock. The company says the marketing joint ventures trialed by its Moneybrain division have failed to deliver the results that had been expected. Prestbury chairman Francis Maude says: “Prestbury&#39s […]

Product matters

The introduction of CPPI to funds is slowly taking off as providers look for a modern version of with-profits. Friends Provident is the latest provider to launch a fund using this protection tool through its Stewardship fund. This fund is available through its investment bond wrapper and offers investors exposure to the Stewardship fund while […]

Stockbroker firm fined £0.5m

The FSA has fined stockbrokers Carr Sheppards Crosthwaite £500,000 for serious compliance failings. The FSA says CSC failed to keep fully up to date with regulatory developments after the creation of the FSA. The financial penalty would have been much higher had CSC not cooperated with the FSA and moved quickly to agree the facts […]

What would the FSA make of surveyor&#39s fees?

Money Marketing (May 13) highlights the case of an IFA who has been told that his fees are too high at £150 an hour. By coincidence, I have just had my house valued for insurance purposes by a Midlands-based chartered surveyor. My wife tells me he spent no more than 20 minutes at my house […]


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