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 FCA has announced two new co-directors for its financial advice and life insurance supervision. FCA director of competition Deb Jones and Nest Corporation executive director Debbie Gupta will be taking on the co-directorship in May. Prior to her position at the FCA, Jones was a director at the Office of Fair Trading for eight […]
A decade ago, I went through the pain of switching utility providers. Deterred by a catalogue of errors, it is only recently, after a house move, that I tried again. I was pleasantly surprised by how easy it was. It has made me think about how complex and expensive it is to switch in financial […]
It has never been more important to encourage saving. But advisers know only too well how challenging the complexities of the UK savings and pensions landscape make it for people. Any trends towards simplification would be welcome, but unfortunately recent developments have moved in the opposite direction. Take Isas, for example. Their simplicity has always […]