The FSA’s Ashley Kovas strutted his stuff at the Compliance Register Awards in aid of charity last week. Dressed in leather trousers, with spiked hair and make-up, he rattled through classics such as Alice Cooper’s Poison and the Rolling Stones’ Jumping Jack Flash, backed by two screeching female colleagues.The high point had to be when one of the backing singers proclaimed: “It’s the FSA, man,” at the crescendo of one of their numbers. All this on the same night that David Strachan (right) won the award for most helpful member of FSA staff – from a short list of two. l Geoff Chown, founder of IFA UK, and Inva Trust’s David Harris are looking for entrants to play in next July’s Variety Club Sunshine Classic Golf Tournament. This year’s tournament raised around 60,000 for the charity in aid of sick, disabled and disadvan- taged children. Celebrities attending the event in previous years have included Sir Henry Cooper, Sir Bobby Charlton, Jimmy Tarbuck and even the mighty Denis Waterman.
National Savings & Investments’ brochures for premium bonds and savings products will be available in 50 Tesco stores from today.The pilot stores cover England, Scotland and Wales and will be rolled out across the retail giant’s 450 nationwide stores if the scheme takes off.Brochures available include premium bonds information and information on NS&I capital protected […]
The industry is gearing up for the Money Marketing pensions summit next February to be held in the luxurious Celtic Manor complex in Wales. Top pension gurus will be discussing the eminent pen-sion issues in the final days before A-Day. The keynote debate will focus on the changing pension market and the role of advice […]
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Restrictive covenants in Berry Birch & Noble Financial Planning’s contracts with its IFAs have been deemed unenforceable by a High Court judge. BB&NFP failed in its case against five former advisers who it claimed broke confid-entiality covenants and termination restrictions when they left the network to set up on their own. BB&NFP brought the application […]
This year looks set to bring a new danger for pension savers and their employers.
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Scotland has introduced a new set of income tax bands, but pensions experts warn that the changes could cause issues with pension tax relief calculations. In the Scottish Budget today, the Government announced a new starter rate of 19p and then a 21p rate for those earning over £24,000. The higher rate of tax is […]
The scramble to do as many defined benefit transfers as possible while values remain high is unabated, and I am constantly amazed at how some firms have thrown caution to the wind in the hunt for their share of this – admittedly lucrative – opportunity. The problem is that advisers are putting their profits before […]
The FCA working group tasked with setting a template for fund charge disclosure is considering whether one or multiple templates would be more suitable. The institutional disclosure working group, chaired by transparency champion Chris Sier, has been tasked with creating a new template for fund costs and charges following the package of remedies outlined in […]