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FSA looks to cut back own pension benefits

The FSA has outlined its approach to the regulation of general insurance which will become its responsibility in October 2004. The FSA says the new regime will require firms to recommend products adequate to customers&#39 needs, clear product disclosure, fair claims handling procedures, a training and competence regime for sales staff and clear complaints procedures.

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Northern Venture Managers – Northern 3 VCT

Thursday, 12 December 2002 Aim: Income by investing in smaller UK companies Minimum investment: Lump sum £3,000 Opening-closing date: January 23, 2003-April 5, 2003 for 2002/2003 tax year, April 21, 2003 for 2003/2004 tax year Charges: Initial 5%, annual 1.5 % in year one, 2% in year two, 2.5% thereafter Commission: Initial 3% Tel: 0800 […]

Outside edge

The frost glistens, the Earth is hushed and the Magi turn to the East toward the bright light on top of Canary Wharf for any sign of the birth of a new system of financial distribution.David Severn, the John the Baptist of Polarisation, smiles benignly and predicts at a rethought second coming for CP121 around […]

CML launches guide to equity release

The Council of Mortgage Lenders has launched a guide to equity release.The guide, which has been awarded a Plain English crystal mark, aims to help older home-owners understand how they can unlock the value of their property.Equity release currently accounts for about £1bn of outstanding mortgage lending, but some estimates value the potential market at […]

Poor&#39s to probe endowment misselling

Ratings agency Standard & Poors is to conduct its own investigation of endowment misselling claiming it could significantly impact on life office solvency. It says the recent regulatory and political mood has changed and further action could put pressure on life companies&#39s ratings.

Trusts: Easier than you think?

Protection providers often extol the benefits of placing plans in trust. The advantages for clients are widely recognised and numerous – inheritance tax mitigation, avoiding probate delay, controlling claim proceeds, and so the long, familiar list continues. Yet, dismissed as unnecessary form-filling, or simply viewed as irrelevant in the context of a mortgage sale, less […]

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