Aifa has slammed the FSA for raising small firms’ enforcement penalties and says this would be unnecessary if the regulator was doing its job.
Conservative MP Ed Vaizey has accused the Treasury of “washing its hands” of the investors who lost millions of pounds in structured products backed by Lehman Brothers following the bank’s collapse last year.
Arc Capital & Income says acquiring Keydata’s business would be “too big a commitment” but it would be more interested in taking on individuals of the firm.
Various parties with interests in the retirement space have attempted to boost the open market option take-up with some valor in recent years.
The world’s strongest currency in November was not the US dollar, despite the greenback rallying 3.5% against the euro, 8.7% against the Japanese yen and over 8.6% versus the Mexican peso and the Turkish lira up to yesterday’s close. The strongest currency last month was sterling, which had strengthened 2.2% versus even the mighty US […]
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As someone training to be a cricket umpire, fair play matters to Fortitude Financial Planning director Chris Bowmer. Doing the right thing for clients is something he has adhered to from the start of his career, even in a 1980s sales environment with nothing to gain by delving beyond a client’s surface requirements. While he acknowledges […]
Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]