The FSA has fined The Ancient Order of Foresters Friendly Society 55,000 for financial promotion failings. The firm is run by Financial Services Practitioner Panel chairman Mark Rothery.
Admin: Hamptons Mortgages technical director Jonathan Cornell looks at why so few lenders keep brokers up to date on the progress of their clients’ applications
‘Many bigger players seem to think they are beyond regulator’s reach’
The FSA has warned financial advisers to check the status of land banking companies before putting their clients into such schemes.The regulator says it is concerned over whether land banking schemes are collective investments and therefore subject to regulation.Schemes that are deemed to be collective, but where there is no regulation, would be operating illegally.It […]
Rising pension term assurance sales could lead to a fall in sales of critical-illness cover, says CWC Research senior partner Clive Waller. He says most life products sold are term policies with accelerated critical-illness cover but accelerated CI cannot be sold alongside PTA. CI stand-alone insurance is the only CI option available with PTA but […]
The Family and Childcare Trust’s annual survey has been widely reported in the media and the two headline figures were these: the average cost of a nursery place for a child under two has risen by 33 per cent since 2010; and the costs have risen by five per cent in a single year.
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As someone training to be a cricket umpire, fair play matters to Fortitude Financial Planning director Chris Bowmer. Doing the right thing for clients is something he has adhered to from the start of his career, even in a 1980s sales environment with nothing to gain by delving beyond a client’s surface requirements. While he acknowledges […]
Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]