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Foresters fined for promotion failings

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.

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Offer you can’t refuse

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

Land bank alert from FSA

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 […]

PTA business increase could hit critical sales

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 […]

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Three questions for employers…

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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