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Foully qualified brokers?

Who at Personal Touch Insurance responsible for training promotion still had dreams of a heavy night at Stringfellow&#39s Cabaret of Angels on their mind when sending out exam circulars, the Diary wonders?

One IFA received an invitation to a Cemap training day for the bridge paper exam which suggested that, to benefit fully, students should read the “coarse material” before attending.

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MP calls for an end to FSA&#39s immunity from prosecution

The FSA&#39s statutory immunity from prosecution over misselling and negligence claims should be reconsidered in the light of the split-capital investment trust crisis, according to Conservative MP Andrew Tyrie.Tyrie, a member of the Treasury select committee, made the comments at this week&#39s committee hearing into the split-cap situation.He asked Class Law Solicitors partner Stephen Alexander […]

Gap on returns means FSA may cut projections

The FSA could be forced to cut projection rates for with-profits policies over concerns that life offices could be attracting new investors by overstating likely future performance.Independent research conducted on behalf of Money Marketing reveals that typical with-profit policies – calculated using the average asset allocation of all available products – are returning far more […]

Govt says axing 40% relief is &#39feverish speculation&#39

The Government has angrily denied that it plans to scrap the 40 per cent upper tax relief on pension contributions for higher-earners after being challenged by the Conservatives.In a heated exchange in Parliament this week, Shadow Secretary of State for Work and Pensions David Willetts demanded to know whether Secretary of State Andrew Smith supported […]

Cleaning up facts on laundering

I refer to the article in Money Marketing, October 10) head-lined, IFAs attack Cofunds on laundering rules, which suggests that there is a “quirk” in the anti-money laundering system used by Cofunds.As the supplier of the anti-money-laundering system that Cofunds is using, Experian would like to clarify some of the points made in your article.First, […]

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