View more on these topics

Committee could be scrapped

The controversial regulatory decisions committee of the FSA could be swept away as the regulator makes changes to its enforcement process.

The FSA has outlined an investigation into its procedures and is thought to be considering sweeping changes to the RDC.

The committee, which is set up and run by the FSA but chaired by independent members, was heavily criticised for the way it came to the recent decision of a 1.1m fine for Legal & General for endowment misselling.

After the financial services and markets tribunal said the fine should be cut, the FSA said that lessons could be learned.

FSA chief executive John Tiner says: “We continually review our procedures for investigations and making enforcement decisions in the light of experience and look to identify improvements. We will consider carefully the comments of the tribunal.”


Claim chasers are cherrypicking profitable clients

You may recall that a few months back – when I did a bit of mystery shopping of my own – I raised awareness of the ethics of some endowment claims firms offering no win, no fee services. This was defended by other such firms maintaining that all claims firms should not be tarred with the same brush.

Infinity Mortgages enhances specialist lending products

Infinity Mortgages enhances its range to include a number of discounts to its specialist lending products.Changes include one-year discounts from 4.85 per cent, two-year fixed and three-year stepped discounts with no overhanging redemption penalties, three-year stepped discounts from 5.1 per cent and two-year fixed rates from 6.45 per cent. Their service has been improved by […]

Portman Building Society announces 2004 results

Portman Building Society announces its 2004 annual results today, showing an overall improvement on 2003.Portmans key achievements include growth in total assets up 10 per cent to 15.5bn, increase in pre-tax profit by16 per cent to 78.1m and record new mortgage lending up 24 per cent up on 2003 to 3.6 bn. The society has […]

FAMR – a familiar response

Pension specialist Fiona Tait takes a look at the Financial Advice Market Review and assesses the three areas where it suggests improvements can be made With significant budget changes ruled out (for a while anyway), the pension community briefly turned its attention to the FCA’s final report on its Financial Advice Market Review (FAMR), hoping […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm