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Europe: Nursery slopes

After a flat year for European equities, in which the Artemis European Growth Fund outperformed, manager Philip Wolstencroft is (cautiously) optimistic about 2016.

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FSCS ends four-year legal battle against Keydata advisers

The Financial Services Compensation Scheme has ended its long-running battle with advisers who sold Keydata products. A consultation paper published by the FCA and PRA on the management expenses levy limit reveals the compensation scheme is dropping legal action over four years since it began. It says: “Costs in this area [financing and major recoveries […]

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Osborne hands FCA duty to cap ‘excessive’ exit fees

Chancellor George Osborne has told the FCA to cap “excessive” pension exit fees. Speaking in the House of Commons, Osborne said while the pension freedoms had been welcomed by savers, the Government remains concerned that roughly 700,000 people face early exit penalties if they move their savings. Osborne said: “The Government isn’t prepared to stand […]

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PRA fines and bans former Co-op Bank bosses

The PRA has issued lifetime bans and fines to the former chief executive and managing director of the Co-op Bank. Former chief executive Barry Tootell and former managing director of the corporate and business banking division Keith Alderson have been fined £173,802 and £88,890, respectively. The pair are also blocked from holding significant influence positions […]

Get your New Year off to a flying start

Ross Jackson, Senior Marketing Manager There’s no denying that these days we expect things quickly. You might have noticed it first-hand during the flurry and rush of the Christmas period. The fact is that in a world of smartphones, social media and click and collect, most clients expect to get an instant response and a […]

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