FSA chairman Callum McCarthy has spoken out against the increasing number of law suits brought against the regulator. Speaking at a Mansion House dinner for City leaders McCarthy warned that the growing number of legal challenges against the FSA threatened to add costs and delay decisions for consumers.
I am not going to get into “so fare-well then” mode just yet. I am still too busy and have plenty of loose ends to tidy up, FSCS costs and cross-subsidies, for example. I was glad to see in last week's Money Marketing that there is a hint of FSA contrition about the scale of […]
Access to the New Star Select Opportunities Fund has been reopened through fund supermarket Fidelity FundsNetwork. The Select Opportunities Fund, which is managed by AA-rated manager Patrick Evershed, closed to new inflows shortly after its launch in June 2002. Evershed believes that there is improved value among many of his target stocks and for this […]
OLD MUTUAL ASSET MANAGEMENT Old Mutual Dynamic Bond Fund Type: Unit trust Aim: Income and growth by investing in fixed-interest securities Minimum investment: Lump sum £1,000, monthly £250 Investment split: 100% in fixed-interest securities Isa link: Yes Pep transfers: YesCharges: Initial 3.5%, annual 1.25% Commission: Initial up to 3%, renewal up to 0.5% Tel: 0808 […]
First Mortgage Options is offering a rolling monthly deal to mortgage brokers who want direct authorisation but fail to get their FSA authorisation by October 31. Your Mortgage Options, the mortgage network within the FMO group, will allow mortgage brokers of any size to operate as authorised representatives on a rolling mon-thly contract until their […]
Healthcare is already one of the key battlefields in May’s general election, with each of the main parties committing to deliver improvements to the NHS and public health.
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A decade ago, I went through the pain of switching utility providers. Deterred by a catalogue of errors, it is only recently, after a house move, that I tried again. I was pleasantly surprised by how easy it was. It has made me think about how complex and expensive it is to switch in financial […]
It has never been more important to encourage saving. But advisers know only too well how challenging the complexities of the UK savings and pensions landscape make it for people. Any trends towards simplification would be welcome, but unfortunately recent developments have moved in the opposite direction. Take Isas, for example. Their simplicity has always […]
The FCA has confirmed it will consider if there needs to be better guidance around when it and the Financial Ombudsman Service can share information ahead of the FOS making its final decision. In a Complaints Commissioner final report, published on its website yesterday, commissioner Antony Townsend invited the FCA and FOS to discuss when […]