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FSA chairman hits out at law suits

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.

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AIFA&#39s View

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&#39s Money Marketing that there is a hint of FSA contrition about the scale of […]

New Star select opps opens again

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 goes for all in one formula

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 […]

FMO offers rolling deal for loan advisers until they get authorisation

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 […]

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The politics of healthcare

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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