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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The Financial Services Compensation Scheme has declared self-invested personal pension operators Stadia Trustees, Brooklands Trustees and Montpelier Pension Administration Services in default. The lifeboat fund has received around 150 claims for compensation relating to the three businesses. Those claims relate to how the businesses set up, operated and administered Sipps through which people invested in […]
The Department for Work and Pensions has confirmed it will not change the pensions triple lock and will explore bolstering the powers of The Pensions Regulator in the forthcoming legislative period. The DWP published its “single departmental plan” yesterday, which sets out five objectives it is working towards over the next four years. It has […]
Sam Seaton talks about how her interest in people affects her approach to technology