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Former IFA clients now able to make a claim says ICS

The Investors Compensation Scheme says customers of eleven former investment firms can now lodge formal applications for compensation.

The firms involved are Bryanston Financial Services of Farnham, Surrey, Acorn Mortgage & Insurance Consultants of Walton on Thames, Surrey, White Knight of Bedminster, Bristol, Rossli Financial Services of London SW15, Kendall & Co Financial Services of Sheffield, Yorkshire, Home & Overseas Investment (UK) of East Grinstead, West Sussex, Salter Insurance Services of Enderby, Leicester, Westlon Financial Management of London E11, Holderness Financial Services of Hull North Humberside, DJ Bromige & Partners of London SW1 and Denave Financial Services of Chelmsford Essex.

The ICS says it is aware of cases of negligent advice by these brokers over personal pension sales. But these firms were unable to meets investment related claims made against them.

The scheme says it can help former customers of these firms and will now be contacting them.


Many employers are still failing to meet pension deadlines says regulator

Many employers are still failing to pay pension contributions on time according latest figures from occupational pensions watchdog Opra.The regulator says that almost two thirds of the cases it has dealt with over the summer involved employers failing to hand over contributions deducted from employees pay.Despite these failures which have led to some employers being […]

Murray Financial calls for special meeting at Leek United

Murray Financial claims it has enlisted enough Leek United Building Society members to push for a special meeting on its takeover bid.Murray says it now has the 130 signature needed to demand the meeting, but Leek United says it is checking the forms to ensure they meets the necessary criteria.Murray Financial chief executive Ken Murray […]

Government calls for tightening of money laundering laws

The Government is calling on the European Commission to tighten existing money laundering legislation.The Commission is currently updating its directive on money laundering aiming to strengthen existing rules governing financial institutions throughout the European Union.The Treasury economic secretary Melanie Johnson says: &#34The UK will push for a tough directive to bring Europe more into line […]

Abbey National securitises 10 per cent of mortgage book

The Abbey National is planning to securitise 10 per cent of its £60bn mortgage book according to the Financial Times.The move is seen as an attempt to free up its balance sheet so it can increase its market share.This week Abbey will issue a £1bn mortgage backed bond as part of the package to take […]


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