Christine Farnish is quitting her post as director of the FSA's consumer division to become chief executive of the National Association of Pension Funds. She takes up her new post from July. Farnish has proved a controversial figure among advisers. She has worked on areas such as stakeholder decision trees, league tables, the endowment issue and on the past performance task force. Initiatives from her division such as a CD Rom for investors providing generic advice were criticised by advisers who believed the FSA was trying to take over their role, though the regulator disputed this.
We hear that our Power & Influence List, apart from threatening the careers of those who feature too high in the list, is also giving people the opportunity to address each other in new ways.When Norwich Union sales and mark-eting director Peter Hales got a letter from Oliver Wyman & Co head of insurance practice […]
Royal Bank of Scotland International has absorbed the trend for funds of funds with its first guaranteed equity bond to be linked to a basket of funds.The five star bond is linked to five offshore funds Fidelity European growth, Julius Baer Japan leading stock, Credit Suisse equity fund (Lux) USA, Merrill Lynch Mercury offshore […]
Wednesday, May 8, 2002Type: High interest accountMinimum-maximum investment: £1,000-£500,000Interest rates: 4.15% gross a year, 4.07% gross a monthTerm: Six monthsOffer period: Until further noticeWithdrawal penalties: No penalty provided £1,000 remains in thebond. Otherwise 30 days loss of interest on amountwithdrawnTel: 0845 3002511
Is defined payment the weakest link in the FSA's CP121 proposals? It appears so. Managing director John Tiner says the FSA is considering other options. David Severn apparently puts its survival at 50-50. At the G80 conference last week, 80 per cent of those present believed it would be modified. And we hear the Treasury's […]
As Europe’s QE goes further than expected, the manager of the Artemis Strategic Bond Fund has upgraded his outlook from “quite” to “very” positive.
- Top trends
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
A High Court judge says the FCA can submit evidence in a case that could shape how Sipp misselling claims are handled in the future. In the case, which started today, lorry driver Russell Adams alleges Carey Pensions missold him a self-invested personal pension. Carey Pensions is accused of using unregulated introducers to invest Adams’s […]
Studies have found funds can be too big or too small to outperform, suggesting size does matter The assessment of whether to invest in a certain fund is a tricky business. Bearing in mind roughly 90 per cent of active funds do not beat their benchmarks over periods longer than 10 years, the odds are […]
The following sorry verse embodies procrastination on a whole new level: “Hello there, my name’s Phil; I rap like a small bear writing a will [diligently]; Estate-planning, ninja-whooping IHT; Shame I’m not as bizzie [urban affectation] with the RLP.” These words were penned in response to my father’s short verse sent to me, after the […]