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David Aaron banned for life

The FSA has cancelled the permission granted to David M Aaron, personal financial planners, for life for mis-selling structured capital at risk products (scarps).

The FSA says the firm mis-sold a substantial number of scarps between January 1998 and June 2003, and its internal risk assessment process was fundamentally flawed.

The regulator says financial promotions issued by the firms contained misleading statements.


Clerical widens range of drawdown options plan

Clerical Medical is launching an updated version of its inc-ome-drawdown retirements options plan, with a wider range of benefits and a simplified charging structure. Changes include a wider range of investment funds from HBOS&#39s asset management arm Insight Investment as well as external fund managers. The new charging structure gives a 100 per cent allocation […]

Creation or extinction

Why did Millfield merge with Inter-Alliance? Simple. Those who are not creating the future are protecting the past. Companies that do not evolve are signing up for extinction. Stability is bad news for all companies – especially young, dynamic companies such as ours. On the other hand, change gives people the opportunity to advance far […]

Out of context

“When you&#39ve just spent £6,000 on something, you don&#39t want to get too violent.” – Nick Bamford of Informed Choice sorts out his computer problems. “Why is the mortgage sector the only industry that calls customers who shop around tarts?” – Purely Mortgages&#39 Ian Giles reflects on the semantics of the lending sector. “When I&#39m […]

Clerical changes track

CLERICAL MEDICAL FTSE 100 Tracker Fund Type: Oeic Aim: Growth by tracking the performance of the FTSE 100 index Minimum investment: Lump sum £10,000, monthly £400, Isa lump sum £3,000, monthly £200 Investment split: 100% in UK equities Isa link: Yes Pep transfers: Yes Charges: Initial 4%, annual 1% Commission: Initial 3%, renewal 0.5%, Isa/Pep […]

China: growth defence or another debt-fuelled boom?

By Douglas Turnbull, Head of Chinese Equities at Neptune Following recent stimulus efforts from Beijing, Neptune’s Douglas Turnbull examines how the government’s long-term reform agenda can be balanced with supporting growth and addressing structural challenges, and the investment opportunities arising from this.Click here to read more Important information: Investment Risks Neptune funds may have a […]


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