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BBN one of 16 firms declared in default

Berry Birch & Noble Financial Services which is in liquidation is one of 16 firms the Financial Services Compensation Scheme has declared in default.

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Marlboro&#39 focuses on outsourcing

Turnover dropped to £49.8m from £56m in the same period in 2003. Profits were down to £1.7m from £2.6m. The company says its main area of focus will be the huge market potential for life and pension outsourcing. It will also continue to develop functionality and business connections for The Exchange. Marketing director Steve Butcher […]

Abbey grows again

Abbey for Intermediaries is offering IFAs and their clients a second issue of the Abbey growth options plan. This is a guaranteed equity bond linked to the performance of the FTSE 100 index for a six-year term. It has two options that investors can choose. Under option one, investors get all the average growth in […]

Ellis plea for providers to aid IFAs on FSCS levy

The LIA is calling on all pro-viders which have used IFAs to distribute products which have then been subject to compensation payments to contribute to the subsidy of the Financial Services Comp-ensation Scheme. Head of public affairs John Ellis believes providers which have been involved with the sale of products currently adding to the costs […]

A Consumer&#39s View

The banning of David Aaron by the FSA must send a shiver down the spines of many in the financial services industry. Nobody would try to defend deliberate misselling but a lifetime ban is a pretty drastic punishment. The FSA clearly concluded that the offences were very serious and the lifetime ban fires a warning […]

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