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FSA appoints investigator into BBB subsidiary wind-up

The FSA has appointed an internal investigator to look into Berkeley Berry Birch&#39s winding-up of its Berry Birch & Noble Financial Services subsidiary.

In April BBB announced that the FSA was to review the winding-up of BBNFS, which has left potential future liabilities to be met by the Financial Services Compensation Scheme.

A statement from BBB says: “The FSA has appointed investigators. They have informed us that the appointment of investigators does not mean they have determined that rule breaches and/or contravention&#39s have occurred. There remains no definitive timeframe for this process, though BBB continues to work closely with the FSA.”

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Skipton launches new mortgage range

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Guidance on regulation of lifetime mortgages

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Hargreaves fined for failing to warn investors on zero

Hargreaves Lansdown Asset Management has been fined by the FSA for selling its Hargreaves Lansdown Secure Growth Portfolio for a period in 2001. The Secure Growth Portfolio was a specialist portfolio of zero dividend preference shares which HL closed over two years ago. A statement from the group said the FSA believes that HL was […]

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Healthcare predictions for 2015 from Jelf Employee Benefits

The continuing fall-out from the Competition and Markets Authority’s (CMA’s) review, the rise of the private GP and digital engagement will be the primary focuses in the private healthcare industry during 2015, according to Iain Laws, managing director, healthcare and group risk, at Jelf Employee Benefits.

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