Former managing director of Jupiter and Artemis Jamie Campbell is set to open a new investment boutique. Campbell will be managing director of Montague Asset Management which is thought to be launching a UK growth fund in the first quarter of 2005. This will be run by former Axa global emerging markets manager Bill Roden. FSA authorisation has yet to be granted for Montague Asset Management.
Adair Turner's report sent politicians from right and left into a panic last week. Bombarded by numbers, the Conser-vative Party found itself at sixes and sevens over pension policy. The Diary hears David Willett's first version of the Conservatives eight-point action plan was in fact a 10-step road to recovery. The Diary wonders what happened […]
Aifa director general Paul Smee is calling on the FSA to allow appointed representative a grace period if their network goes out of business. Smee is concerned that when a network goes into administration its ARs could have a very short period of time to make fundamental decisions about the future of their businesses. Smee […]
In a significant move by the FSA, the final rules governing the sale of protection and general insurance policies extends the remit of the Financial Ombudsman Service to rule on complaints relating to advice on protection plans. This means, for example, that when the FOS considers a complaint about a disputed claim, the advice given […]
The Council of Mortgage Lenders has raised concerns that brokers will be able to continue trading after they have been refused authorisation. The Treasury has revealed that mortgage firms which fail the authorisation checklist will still be allowed to continue dealing with clients until their appeal is complete. Once a firm has been refused authorisation, […]
George Osborne announced in his July Budget speech that the UK will introduce a new National Living Wage in April 2016. So what – if anything – does this mean for employee benefits?
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A decade ago, I went through the pain of switching utility providers. Deterred by a catalogue of errors, it is only recently, after a house move, that I tried again. I was pleasantly surprised by how easy it was. It has made me think about how complex and expensive it is to switch in financial […]
It has never been more important to encourage saving. But advisers know only too well how challenging the complexities of the UK savings and pensions landscape make it for people. Any trends towards simplification would be welcome, but unfortunately recent developments have moved in the opposite direction. Take Isas, for example. Their simplicity has always […]
The FCA has confirmed it will consider if there needs to be better guidance around when it and the Financial Ombudsman Service can share information ahead of the FOS making its final decision. In a Complaints Commissioner final report, published on its website yesterday, commissioner Antony Townsend invited the FCA and FOS to discuss when […]