The Financial Ombudsman Service is to publish 13 test cases regarding the split-cap scandal, with nine set to be found against the stockbroker firms involved and bills potentially reaching 40m. Firms have 28 days to respond.
Many IFAs are now considering how wraps or platforms can be used at the core of their business to improve efficiency, profitability and the service on offer to their clients but how will this work in practice, given the current regulatory environment?The concept of independent financial advice dates back to polarisation, which was introduced in […]
May I make some points on the FSA fee rise:1: The rise is inflationary – 10 per cent is outrageous.2. The rationale is that costs go up as regulation gets less prescriptive. If it is less prescriptive, costs should fall.3. The FSA aims to have fewer employees but still feels it needs more money. This […]
Kensington has made its full launch into the specialist prime market.The lender has been testing prime self-cert and buy-to-let mortgages over the past six months and rolled them into the wider market last week.Self-cert deals start at 5.45 per cent with a maximum loan to value of 90 per cent while BTL loans are available […]
Life offices are enjoying a boom in sales or are savers merely recycling old plans?
Les Cameron, Head of Technical, explores defined benefit pension transfers from a technical viewpoint, tackling the topics such as transfer values and transfer drivers.
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The Financial Services Compensation Scheme has declared self-invested personal pension operators Stadia Trustees, Brooklands Trustees and Montpelier Pension Administration Services in default. The lifeboat fund has received around 150 claims for compensation relating to the three businesses. Those claims relate to how the businesses set up, operated and administered Sipps through which people invested in […]
The Department for Work and Pensions has confirmed it will not change the pensions triple lock and will explore bolstering the powers of The Pensions Regulator in the forthcoming legislative period. The DWP published its “single departmental plan” yesterday, which sets out five objectives it is working towards over the next four years. It has […]
Sam Seaton talks about how her interest in people affects her approach to technology