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City Assurance Consultants fined £50,000

The PIA has slapped a £50,000 fine on IFA City Assurance Consultants of The White House, 100 Wimbledon Hill Road, London for pensions review failings.

The firm, which has also been officially reprimanded and ordered to pay PIA costs of £4,000, is guilty of a number of failings identified in regulatory visits between January and August 2000.

They include failing to ensure its starting population was accurate, excluding cases correctly, completing Phase One cases by the end of 1998 as required, conducting compliance and causation assessments correctly and completing corrective action in a timely manner.


Dresdner chooses marketing manager

Dresdner RCM Global Investors has appointed Tamsin Kyle as marketingmanager. She joins from Goldman Sachs Asset Management, where she wasrespon-sible for marketing its offshore funds. Kyle will be marketingDresdner&#39s 16 unit trusts.

Robert Clifford

Lives: Belper, Derbyshire. Born: March 9, 1968 in Nottingham. Age: 33. Education: South East Derbyshire College,A Level Maths, Psych-ology,Theatre Studies and Art. FPC1,2,3, Cemap. Career: Marketing manager Advance Mortgage Systems 1989, director ofmortgage services at Whitechurch Securities 1991, partner then managingdirector of MP between 1992 to 1997, group managing director forBishopscourt Financial Holdings between 1997 […]

Pink takes bow on buy-to-let stage

Pink Home Loans has introduced a four-year fixed rate buy-to-let mortgage that is available for loans of up to 85 per cent of valuation.The mortgage is fixed at 6.99 per cent until September 30, 2005 and allows up to five properties to be purchased within a total advance of £500,000. If borrowers redeem the mortgage […]

PIA revokes suspension of Blenheim Financial Services

The PIA has revoked the suspension of IFA Blenheim Financial Services of Bidmead, Cheltenham Road, Bisley, Stroud, Gloucestershire. The firm had been forced to cease conducting investment business regulated by the PIA because it had failed to renew its PI cover as required. It has now done so and satisfied the regulator&#39s rules. The PIA […]

European Opportunities: 'It’s nice when stock selection results in a macro tailwind'

Amid significant macro headwinds in August, Mark Page explains why his fund’s focus on stock selection has helped it outperform a falling market in August. BESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswy


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