Summer may have been fairly miserable but there has been a golden ray of sunshine for every IFA firm since the FSA board met in July and approved proposals to reform the Financial Services Compensation Scheme. It is also good news for consumers who will benefit from a scheme, now given a new lease of life, which will offer some financial recompense when no one else can. The FSCS is a vital regulatory safety net which helps maintain consumer confidence in our industry.
A former executive of a British-based engineering and transport group has been convicted in South Africa of defrauding the company’s pension fund.Rowland Bailey pleaded guilty to charges of fraud and money laundering when he appeared before the Johannesburg commercial crimes court last week and his wife, Shirley, admitted money laundering charges.The court was told that […]
Unity Homeloans will continue to be funded by Investec when it relaunches its sub-prime product range. Unity chief executive Paul Thomas, who has been seconded from Investec as a replacement to former ceo Ian Nelson, says the firm is working on its next securitisation issue and new range of products.
Survey reveals three-fifths of people with potential inheritance tax bill unaware their estate may be liable for IHT Over half don’t know that IHT rate is charged at 40 per cent Record HMRC tax receipts show that families are losing out due to lack of knowledge 78 per cent believe wealth should stay in the hands of […]
Ahead of his workshop of market volatility at the Money Marketing Interactive conference next month, Tavistock’s Connor Stewart answers the big questions on central bank policy and how to cope when the downturn hits Are investors diversified enough for when the bear market hits? Financial markets move in cycles and we are approaching the end […]
Investing time in building a team is the smartest way run a business even if you are keeping it small We advisers are a fiercely independent bunch. We all have our ways of working and generally we don’t take too kindly others telling us what to do. That said, I’m known to raise my head […]
Investor sentiment has been knocked by the prospect of a no-deal Brexit, a poll from Interactive Investor shows. The survey – of 404 savers at the beginning of August – shows 41 per cent say they have an investment strategy in place and are sticking to it despite the ongoing uncertainty surrounding the UK’s exit […]