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FSA announces new reporting structure for financial services

The FSA has released an outline of the streamlined approach it is to be taking to reporting requirements for firms in the financial services industry. FSA chief operating officer Paul Boyle says the regulator inherited a multiplicity of different and inconsistent reporting formats from its predecessors and is proposing to move to an integrated and harmonised framework which will replace all other reporting forms and exploit the potential of electronic reporting. The first implementation is proposed for 2005 for firms coming under the new general insurance and mortgage regulation, and for retail investment firms.

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Finding the focus on misselling

Definitions of misselling have started to flow in from IFAs and consultants as Money Marketing&#39s campaign gets into its stride.Adam Samuel Training and Consulting principal Adam Samuel believes there is an infinite number of combinations, fact situations, products and services with which advisers become involved and says the activity required of the adviser will inevitably […]

Managers divided on rally run

Investment trust managers remain cautious over the sustainability of the recent market rally.Association of Investment Trust Companies&#39 statistics show that the UK growth and smaller companies sectors are up by 1 and 7 per cent respectively over the last six months.In the last two months, the AITC says UK smaller companies have outperformed the UK […]

Winterthur adds Liontrust first growth fund

Winterthur Life has added the Liontrust first growth fund to its tailored selection fund range. At the same time the fund will become a component part of its elite service, which is a managed fund of funds programme. The Liontrust first growth fund is described as providing long term capital growth through a diversified portfolio […]

Outside edge

With technology playing a greater part in all our lives, it is fair to argue that increasingly the expectations of our customers are being changed by its impact.Several years ago, we all accepted that to withdraw our money from the bank we had to queue. Most consumers now use cashpoints and many never enter a […]

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School fees planning

Jeremy Pearson is Technical Support Manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. Many parents value the standard of education offered by […]

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