The Diary hears a shocking rumour that cannot possibly be true from Edinburgh where Scottish Widows is said to have become so embarrassed with the drinking exploits of its staff in Edinburgh that it is to open its own private bar to keep its marauding troops away from the public.The company has been granted a licence for its Morrison Street building, with a local paper quoting a councillor suggesting that there would be less bar trouble locally without the “very rowdy staff” from the company.
IFA Promotion has been awarded a Plain English Campaign Award for its consumer guide Financial advice: The buzzword is independent. The guide, aimed to clear up any confusion surrounding financial advice after depolarisation, topped the 2005 Plain English category as one of the years clearest documents.
The FSCS is set to refund a surplus of 42m to relevant firms in the general insurance contribution group before the end of the financial year 2005/6. This is partly a result of lower than anticipated compensation payments in the sector. It is also unlikely to raise a levy in 2006/7.
Commodities have seen huge rises, driven by demand from countries such as China and India
PricewaterhouseCoopers is warning product providers to expect a significant drop in sales in the final quarter next year as advisers str- uggle to comply with the European Union’s Markets in Financial Instruments directive. PWC says providers should anticipate a slowdown in business similar to the interruption caused by the introduction of mortgage regu- lation last […]
Three of our UK fund managers – Adrian Frost, Ed Legget and Mark Niznik – discuss the EU referendum and how it is affecting their portfolios. Click here for article
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Independent governance committees at big-name pension providers are failing to safeguard the interests of savers and the FCA must take action, fresh research finds. In 2015, the FCA required contract-based pension providers to appoint IGCs to act as champions of savers’ interests. IGCs are required to publish annual reports to increase transparency and encourage comparison […]
The FCA is reviewing the content of its pension transfer specialist examination standard in light of recent issues with pension transfer advice, Money Marketing understands. The regulator does not offer qualifications but it does have a role in setting standards for exams and publishes “appropriate examination standards” guidance. Money Marketing understands a working group, mostly […]
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