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Check your statements

Advisers are probably the sort of folk who check their bank statements and bills very carefully.

This is a world in which human and computer error can add an extra nought or move a decimal point all too easily.

We hear that the regulator itself may have made just such an error with one of the biggest advisers. We suggest you check your bills very carefully.


Which? wants bigger fines for misselling

Which? is urging the FSA to significantly increase the fines it imposes on companies found guilty of misselling. In a report this week, the consumer campaign group says it wants penalties to be big enough to alarm institutional investors into putting pressure on companies to prevent future misselling.

Argonaut secures multi-manager backing as it grows 21% in quarter

Barry Norris and Oliver Russ have grown Britannic’s Argonaut European alpha fund by 21 per cent in their first three months and plan a November launch for their equity income product. Since joining Britannic from Neptune in May, the pair have kept the fund 7 per cent ahead of the MSCI European index and won […]

Mortgage View: Playing from the base line

Many lenders have yet to respond to this month’s base-rate cut. For most, the delays are attributed to Halifax wrong footing the market. The last two interest-rate cycles have seen lenders widening their margins by failing to pass on the full effect of base-rate decreases, yet they pass on the full impact of any increase. Many in the industry expected this cycle to be repeated.

Offshore investors brought to account

The investigation being conducted by HMRC’s offshore fraud projects team does not mean that UK investors cannot hold offshore accounts but individuals who are resident and domiciled in the UK must report their offshore accounts to HMRC.


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