FSA retail markets managing director Clive Briault told an FSA conference this week that identifying firms making slow progress with TCF by March and “bringing them to the stage” will be central to its supervisory work.
Treasury Committee chairman John McFall MP has written to the FSA to express concern about the its regulation of financial advertising.
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Egg warns that today’s 0.25% increase in the Bank of England’s base rate could cost borrowers £292m.It says the eight million people with standard variable rate mortgages could collectively be paying substantially more a month more on their mortgages, or on average around £35.92 each.However, Egg says that many people could actually reduce their mortgage […]
Ihave focused on one of the Miton Optimal funds – the strategic fund – already. It has had a hard time this year due to a big cash bias and its limited ability to buy into alternative asset classes. Miton therefore proposes to launch the Arcturus fund, which will be a non-Ucits retail scheme taking […]
Johnson Fleming’s current charity of the year is CLIC Sargent: the UK’s leading cancer charity for children and young people, and their families.
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A majority of independent financial advisers think there should be a single rate of tax relief according to this week’s Money Marketing poll. More than 120 advisers took part in the poll with 77 in favour of a single rate of tax relief, 39 against and six undecided. Yellowtail Financial planning managing director Dennis Hall […]
The FCA has issued a warning over ‘commoditised’ defined benefit pension transfers running the risk of unsuitable advice. In a letter sent to advisers holding pension transfer permissions, the regulator reminds planners that a “key area” of its focus is on pension transfers, and that it will later this year be contacting all firms to […]
Problems look set to arise for pension schemes operating relief at source