As one of the biggest financial services regulators in the world, the FSA strikes fear into the hearts of companies, with an array of powers that even Superman would wet his (outside) pants to have. But Money Marketing staff were astonished when a recent article in the Telegraph detailed the FSA's trip to Japan to advise its police force about how best to deal with unruly football hooligans during the World Cup. What is going on, we asked, as visions of Howard Davies sporting a riot helmet and wielding an extendable truncheon flooded our over-active imaginations. Alas, it was not to be – the FSA is question was in fact the Football Supporters' Association and not the UK regulator we all love and admire. Oh well, it was an easy mistake to make.
New Star has appointed James Gledhill from Morley Fund Management to help build up its retail corporate bond business.Gledhill will work alongside former M&G colleague Theo Zemek, who joins New Star in November, to launch the fund manager's first fixed income fund.He currently runs institutional funds for Morley – a position he assumed in January […]
Wednesday, May 15, 2002 Type: Oeic Aim: Growth by investing in New Star Asian opportunities, New Star European growth, New Star global emerging markets, New Star Japan recovery, New Star UK dynamic and New Star US opportunities funds Minimum investment: Lump sum £7,000, Euro 10,000, $10,000 Place of registration: Dublin Investment split: Choice of New […]
IFA Impartial is publishing a booklet designed to help consumers make an informed choice about the benefits of critical illness insurance. The guide, sponsored by a number of product providers, looks at the range of illnesses for which cover is available and the value and cost of the different benefits.
Ipswich Building Society two-year fixedFixed term: Two yearsFixed rate: 4.9%Minimum loan: £25,000Maximum loan: £250,000Income multiples: 3.25 x principal or 2.6 x jointArrangement fee: £295Redemption fee: Three months additional interest during fixed rate period Conditions: Up to 80% LTVIntroducers fee: 0.3% on loans up to £100,000, 0.4% on loans over £100,000, minimum of £150 Tel:01473 342 […]
New laws in Dubai will put the burden of providing international private medical insurance (iPMI) firmly on the shoulders of the employer in order to maintain the country’s leading healthcare facilities. With 10,000 UK nationals having moved to the country since 2007 and only 16.5 per cent of the total 8.2 million people living there being Emiratis, Jelf Employee Benefits believes this move was inevitable and employer responsibilities could continue to escalate in future.
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Intrinsic must compensate a client for the pension transfer advice it gave them. According to a Financial Ombudsman Service decision, in 2015 Mrs C was told to transfer her two existing personal pensions valued around £80,000 to a new Sipp provider. This money was placed in a scheme where Mrs C could adopt a dynamic […]
“There is nothing permanent except change”, so said the “weeping philosopher” Heraclitus circa 500 BC. Few would argue change was not needed in the retirement income market; it is just no one expected it to be so inorganic and non-negotiable. The impact of the pension freedoms Budget bombshell in 2014 was immediate and significant. Revisiting […]
True Potential has grown assets in its discretionary portfolios by £2.1bn in 2017. In its annual results, published today, the platform says it has attracted £3.8bn assets in its in-house funds in 2017, up from £1.7bn in the previous year. Assets into the funds were at £0.7bn in 2015. Since launch in October 2015, True […]