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AITC wants off-the-page watchdog

The AITC has called for an expansion of the Financial Ombudsman&#39s remit to cover off the page buyers of investment trusts. Currently the Ombudsman covers investors who bought investment trust shares through fund manager&#39s own savings plan schemes or on the advice of a broker. Daniel Godfrey, director general of the AITC, believes those direct investors who feel misled should have a right of redress.

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Muslim mortgages

HSBC is widening its Islamic homeloans to intermediaries with West Bromwich Building Society to help offer Islamic home finance to the Muslim communities in the UK. The HSBC Amanah scheme is headed by Noaman Hasan, who has been with the bank since 1997. The bank has linked up with West Bromwich following a pilot in […]

Poll finds mobile cover a higher priority than income protection

Britons admit to having inadequate protection in case of sickness or loss of income but are unwilling to take advice to rectify the problem, according to a survey by protection provider Bright Grey. The research shows that twice as many people would take out holiday insurance than would take out critical-illness insurance and a third […]

ABI director general Mary Francis to step down

ABI director general Mary Francis is stepping down at the end of March 2005 in order to focus on her non-executive roles. Francis has been at the ABI since 1999. She is currently a non-executive director of Centrica, a member of the Court of the Bank of England and a member of the Press Complaints […]

Cazalet casts a cloud over equity products

Independent consultant Ned Cazalet, who foresaw the dec-line of with-profits, is casting doubt over the viability of equ-ity-based investments as long-term savings vehicles. Speaking at a Cazalet Consulting conference this week, he said falling equity returns, increased market volatility and providers&#39 inability to charge within 1 per cent question the attractiveness and shelf-life of such […]

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