The FSA has appointed Tom Kelly, the former spokesman for exPrime Minister Tony Blair, as its new communications director. He will take up the role on May 4.
Structured product providers are reviewing kick-out plans after a HM Revenue & Customs’ warning that some plans may have been wrongly promoted as Isa-eligible.
The FSA has banned Martyn Powsney, the former director of now defunct IFA firm Powsney & Co Ltd, from holding positions of significant influence in any FSA-authorised firm. The regulator says Pownsey failed to put in place systems and controls to ensure customers received suitable advice and failed to take sufficient remedial action. Following an […]
Hornbuckle Mitchell has appointed Stewart Dick to the newly-created position of head of sales.
Laurence Lieberman, partner, and Tom Oliver, associate, in the commercial disputes group at Taylor Wessing assess the implications of the Financial Services Bill and pick out the threat of class actions as needing particular scrutiny in Parliament
Jamie Clark – Business Development Manager The recent report from the Pensions Policy Institute demonstrates the sheer scale of auto-enrolment so far and what we can expect in the future. We’ve pulled out the key information to save you reading the full report. Auto enrolment in numbers Sources: Pensions Policy Institute, The Future Book: Unravelling […]
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A majority of independent financial advisers think there should be a single rate of tax relief according to this week’s Money Marketing poll. More than 120 advisers took part in the poll with 77 in favour of a single rate of tax relief, 39 against and six undecided. Yellowtail Financial planning managing director Dennis Hall […]
The FCA has issued a warning over ‘commoditised’ defined benefit pension transfers running the risk of unsuitable advice. In a letter sent to advisers holding pension transfer permissions, the regulator reminds planners that a “key area” of its focus is on pension transfers, and that it will later this year be contacting all firms to […]
Problems look set to arise for pension schemes operating relief at source