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AMI says reversion workable definition next challenge

The Association of Mortgage Intermediaries has welcomed the Treasury decision to bring home reversion schemes under FSA regulation.

AMI policy advisor Ben Stafford says: “AMI lobbied hard for this and welcomes the decision. Consumers in this market are amongst the most vulnerable in society and need to receive professional advice from qualified and regulated mortgage intermediaries.

“It&#39s important that the Treasury finds a workable definition on which to draft its proposals and we look forward to helping them establish this.”


Legg Mason outsources way to success

LEGG MASON INVESTMENTS LEGG MASON US SMALLER COMPANIES FUND Type: Oeic Aim: Growth by investing in smaller US companies Minimum investment: Lump sum £3,000 Investment split: 13.1% technology, 12.7% financial services,12% health, 10.4% industrial products, 9.6% industrial services, 8.6% natural resources, 7.4% consumer services, 5.6% financial intermediaries, 1.7% consumer products, 18.9% cash & equivalent Isa […]

Absolute beginner

I am in the process of reaching a financial settlement as part of my divorce from my husband. He has accumulated benefits under personal pension plans and a company scheme. My solicitor has advised me that I can negotiate for part of the settlement to be made from benefits secured under one of the pensions. […]

ACA appoints new chairman

The Association of Consulting Actuaries has elected Adrian Waddingham as its new chairman. Waddingham, a founding partner of actuaries and consultants Barnett Waddingham, will take office from June 1, replacing Mercer HR Consulting worldwide partner Gordon Pollock, who had been in the position for two years.

Swip opening the door to European corporate bonds

Norwich Union has published the principles and practices of financial management for its with-profits funds which all life offices must publish under the FSA&#39s new realistic reporting regime. The firm has also introduced a 0.75 per cent charge to pay for guarantees on its NU life & pensions with-profits fund to allow it to maintain […]


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