I cannot believe that anyone in the financial services sector would consider it good news that John McFall is to continue as chairman of the Treasury select committee.If his knowledge of financial services is evidenced by the question he asked at the recent Fabian Society meeting on the subject of the Politics of Pensions Reform, then the old adage that a little knowledge is dangerous is proven. Posing a question to Robert Wylie of Scottish Widows, it was abundantly clear that McFall has no understanding of invest- ment asset classes and even less understanding of the commercial world of financial services.
The Association of British Insurer’s consultation on clarity for protection application forms has received app-roval from independent adv-isers and providers. The draft guidelines from the ABI are intended to imp-rove clarity of wordings and warnings on insurance applications to enable better disclosure and reduce contes- ted claims. Some of the major chan- ges recommended to […]
City-based stockbroker Wills & Co is promoting the advance funds, a fund of enterprise investment schemes.
Mortgage Advice Bureau signs up Enfield-based estate agency chain Lanes to its branch network. The new sign-up adds five new branches to the network, to which MAB will provide an advisory service.MAB has also brought five consultants and two administrators to the chain. It now has about 250 outlets across the UK. MAB chief executive […]
The total deficit of UK companies’ final-salary pension plans stands at 100bn, according to analysis by Deloitte. This is an improvement from 130bn at the start of 2005, aided by the 10 per cent rise in the stockmarket since January 1. Deficits among FTSE 100 companies have decreased to 52bn from 65bn at the start […]
Johnson Fleming employees have raised more than £400 for their chosen charity of the year, CLIC Sargent, with a series of fundraising events.
- Top trends
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
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 […]