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Exchange adds 900 Exweb licences

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.

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Provider investment in advisers only on commercial basis – FSA

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 […]

Timetable for depolarisation

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 adds Islamic pension fund

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.

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