It is thought that the FSA does not want responsibility, believing, probably correctly, that it has enough on its plate while personal injury claims are definitely not its area.The Law Society – undergoing its own reforms – is seen by some as insufficiently distant. The Claims Standards Council is thought to lack muscle. The latter two bodies might feel too much like self-regulation.So, what should the Govern-ment do? MM suggests that the weaknesses and strengths of each organisation should be considered. The willingness or resistance of each organisation to take the role is factor but it should not be the only one. Finally, maybe it needs a new body altogether. But even if the only problem was the activities impacting on the endowment review, it is clear that something must be done and quickly.
Investment Portfolio Bond
Cofunds is offering an onshore bond and is lining up a pers-onal pension wrapper which is set to go live at A-Day. The portfolio bond, set up in conjunction with major shareholder Legal & General, will offer IFAs and their clients a choice of around 200 funds from 40 providers. The bond is a single-premium […]
IFA firm Prescient Financial Intelligence has gained its 1,000th client 16 months after its launch in August 2004. The firm has offices in Exeter, Glasgow, London and York specialises in Sipp and IHT solutions for small asset managers and discretionary fund managers.
The Association of Investment Trust Companies has elected Gill Nott as deputy chairman.
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