Senior executives at Equitable Life have received copies of the report ahead of its publication. Financial secretary Ruth Kelly said the serving directors had been given extracts of Lord Penrose's report early to assist the Treasury ' with its public functions.'
I was interested to read the comments of Walter Merricks on behalf of the Financial Ombudsman Service complaining about the industry holding contrary views on the issues of consistency in FOS decisions and the right of the FOS to set precedent (Money Marketing, January 22). He says if you want consistency, you must have a […]
Type: Enterprise investment scheme Aim: Growth by investing in a Shetland-based cod farm Minimum investment: £30,000 Opening/closing date: January 1, 2004/March 1, 2004 Charges: Initial 4% Commission: Initial 2% Tel: 0141 5641523UNIT-LINKED BONDSSKANDIAMultiBond - Skandia Distribution BondType: Unit-linked bondAim: Income and growth by investing in a range of distribution fundsMinimum investment: Lump sum £5,000Fund links: […]
Estate agency Jackson-Stopps and Staff has added its support to sellers' packs group Splinta who are campaigning against the packs. The company says it has reached the conclusion that the home condition report contained in the home information pack is totally inappropriate for the type of property the firm deals with.
US medical specialist database service Best Doctors is looking to gain a stronger foothold in the UK following the appointment of its first UK and Ireland general manager. Former Munich Re protection new business manager Peter Mannion has taken on the role and is looking to make the UK as prominent a territory for the […]
Last year, worldwide mergers and acquisitions (M&A) rose to an unprecedented $4.7tn, according to Thomson Reuters, a 41 per cent increase over 2014. Anthony Forcione, senior equity analyst at Loomis Sayles, an affiliate of Natixis Global Asset Management, looks at what’s been driving this particular wave of mergers. Click here to view full article: Loomis-Sayles
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Three advice firms have stopped giving pension transfer advice following work by the FCA over the future of the British Steel Pension Scheme. A statement this afternoon details the FCA’s “information gathering exercise” to identify the firms that have been most active in advising people to transfer out of the scheme. The regulator got information from […]
The FCA has launched a consultation on its approach to authorisation and competition, which will be open to responses until March next year. Following the launch of the FCA’s mission in April, the approach documents are the second and third in a series of papers explaining how the watchdog tackles regulation. The first document, the […]