The FSA has fined Langtons IFA Limited 63,000 for failing to properly apportion roles and responsibilities to its senior management, putting consumers at risk. The firm is also accused of not having systems in place to ensure its advisers were trained and competent.
The FSA is to lead a six-week exercise to test the resilience of financial institutions in the event of an avian flu pandemic starting on October 13. The regulator will work with 60 organisations to test the potential impact on the UK financial sector.
Fewer than half of people are prepared to become celibate if it means they can live to 100, according to a survey by Bupa. The Ipsos Mori research found that just 40 per cent of 1,003 people questioned would sacrifice sex to prolong their lives. Forty-eight per cent of women and 42 per cent of […]
People without a pension will never get around to it unless they are forced
The Government is clinging to its belief that pension personal accounts can be delivered at a charge of 0.3 per cent despite acknowledging that few in the industry believe this is possible. Speaking at an Axa fringe event in Manchester on Tuesday, Work and Pensions Secretary John Hutton said if the Government can deliver enough […]
This guide from Johnson Fleming will take you through the required communication and also give ideas for additional actions that will ensure your auto-enrolment project is a success. The topics in this guide include: the letters you need to send out; what to send and when; the importance of employee engagement; and what to consider as additional communication.
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The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]