The Exchange has signed up 900 new licences for its Exweb portal from three IFA firms. Millfield Partnership has taken an additional 600 new Exweb licences, Park Row 200 licences and Mint Financial Services has taken 100.
All of the small and medium-sized IFA firms surveyed by the FSA say they plan to stay independent.
The FSA has clarified that product provider investment in an advisory firm must be on commercial terms.The regulator says that if a provider invests in an advisory firm, whether by loans, investment or otherwise, it must be on commercial terms which are objectively comparable to those on which an independent person unconnected to a provider […]
December 1, 2004Depolarisation rules take force. Transition period beginsFirms wanting to depolarise must inform the FSADepolarised firms must implement all rules simultaneouslyJanuary 14, 2005FSA rules for general insurance and protection beginNew disclosure documents and statements of client needs and demands implementedAll firms must have procedures for referring complaintsJune 1, 2005Transition period ends. All firms must […]
Winterthur Life is adding an Islamic fund to its group pension range in a tie-up with HSBC.The portfolio is being added in response to growing demand and will be fully compliant with Sharia law.
Loomis Sayles senior global economist James Balfour looks at the three main macro themes evident during October: a world lacking in demand; the strength of global market performance; and the required exit from profits recession. Click here
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Independent governance committees at big-name pension providers are failing to safeguard the interests of savers and the FCA must take action, fresh research finds. In 2015, the FCA required contract-based pension providers to appoint IGCs to act as champions of savers’ interests. IGCs are required to publish annual reports to increase transparency and encourage comparison […]
The FCA is reviewing the content of its pension transfer specialist examination standard in light of recent issues with pension transfer advice, Money Marketing understands. The regulator does not offer qualifications but it does have a role in setting standards for exams and publishes “appropriate examination standards” guidance. Money Marketing understands a working group, mostly […]
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