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 […]
As we hurtle towards the new year, it is worth remembering much of the so-called client-centricity discussed is, in fact, little more than process that will not determine whether you win, lose or draw. Sure, a process needs to be reliable, cost-efficient and to point the right service at the right people. But it is […]
The Association of Member Nominated Trustees and the UK Sustainable Investment Association have urged pension funds to keep an eye on whether their investment consultants’ sustainable investment advice lives up to the minimum service requirements under regulation. The AMNT and UKSIF says consultants should meet minimum requirements as soon as possible so as not to […]