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FSA ban over mixing premiums with company cash

The FSA has banned Bridgewater House UK director Matthew Sixsmith from holding senior positions in the financial services industry after failing to separate clients’ premiums from the firm’s capital, which cost clients almost £85,000.



Ascentric admin charge move

Ascentric is planning to introduce an admin charge from April for funds on its platform with low assets under administration.

Repossessions much lower than predicted

Repossessions were 15 per cent higher in 2009 than the year before but significantly lower than the Council of Mortgage Lenders’ forecast earlier in the year.


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