IFAs who fail to submit a claims form to the FSA by the end of October could face fines of hundreds of pounds, even if no complaints have been made against them, according to compliance consultancy PYV Corporate Resourcing. In the absence of any complaints IFAs should submit a nil returns form as required under the FSA rule book.
Nearly one in four Britons has no idea when they should start investing money in a pension while 11 per cent think it is not worth taking one out, new research shows.The biggest age groups to reject pensions were those in their 20s and 50s, with both groups representing 20 per cent of those who […]
Tuesday, 08 October 2002 Type: Unit trust mini or maxi Isa Aim: Growth by investing in unit trusts and corporate bonds Minimum investment: Lump sum £500, monthly £25 Maximum investment: £7,000 Catmarked: No Investment choice: UK index, US index, European index and fixed interest trusts Charges: Annual up to 0.75% Commission: Initial 1% for lump […]
Friday, 11 October 2002 Type: Healthcare cash plan Minimum premium: £1 a week, £4.33 a month Minimum-maximum ages: 16-65 Maximum benefits: Dental cover £36 up to 75% of cost, optical cover £36 up to 50% of cost, inpatient cover £12 a night up to 50 nights a year, extended hospital stay one claim a year […]
Bristol & West has launched a new core range of mortgages including fixed rates, tracker rates, buy-to-let and remortgage products. It has a five year fixed rate at 5.75 per cent and a loan to value of 85 per cent which it says is specifically aimed a remortgagers looking for a better deal. There is […]
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]