Following the adoption of the Insurance Mediation Directive by the European Parliament, Financial Secretary to the Treasury Ruth Kelly today confirmed that the regulation of mortgages and general insurance will come into force from October 2004. Kelly says: “I am happy to confirm that both mortgages and general insurance regulation will come into force simultaneously. Following consultation and publication of the final Orders on mortgages, and the adoption by the European Parliament of the IMD, the date by which this will be achieved can be confirmed as October 2004.”
View more on these topicsNews
Survey finds fund past performance is a key indicator
Past performance is a key indicator when choosing which funds are more likely to enjoy top-quartile performance in the future, according to a report commissioned by the Investment Management Association.Ima claims the study by consultant Charles River Associates is the most comprehensive ever undertaken. It monitored 940 funds from four UK equity sectors – all […]
Lender aiming to improve IFA servicing
Lender GMAC-RFC chief executive Stephen Knight has admitted that the firm's service for intermediaries could be better and says initiatives are being developed to rectify this. Speaking at a dinner for intermediaries and partners last week Knight said it is increasingly replacing centralised credit checking with remote GMAC processors and underwriters based with packagers and […]
ScotLife puts pension tools online for IFAs
Scottish Life is launching a revamped version of its BeeHive website within a newly-created online service for IFAs.The BeeHive site offers head of pension strategy Steve Bee's views on the world of pensions, along with his political papers, press articles and a collection of his cartoons.The new IFA service, Technical Central, delivers financial statistics, analysis […]
A thrilling deal for film backers
Film partnerships company Movision Management is seeking high-net-worth individuals to invest in several projects, including A Different Loyalty, a thriller starring Sharon Stone and Rupert Everett.Movision, which is co-producing the film in a tripartite agreement with Spice Factory and Montreal-based Transfilm, is looking to attract financing from people earning at least £250,000 a year to […]
Absence management systems gone AWOL from UK’s SMEs, reports Jelf
A quarter (23 per cent)* of the UK’s small to medium-sized enterprises (SMEs) do not have an absence management system in place, according to new research from Jelf Employee Benefits. Despite 69 per cent* of organisations having a system in place, three-quarters (75 per cent) report that it is not providing them with sufficiently empowering absence or health data to inform an effective wellbeing programme.
Newsletter
News and expert analysis straight to your inbox
Sign up
Investment Uncovered: How to prepare for inflation changes
As the outlook for the UK’s economy remains uncertain, how can advisers prepare portfolios for any change in inflation? As higher inflation fails to appear on the horizon and wages grow faster than expected, fund managers are weighing up their portfolio moves for any potential changes in the economy. The UK consumer prices index rose […]
Adviser to football star Shearer banned for taking insolvent company’s assets
IFA directors Kevin and Cheryl Neal have been banned from being company directors by the Insolvency Service for six and four years, respectively. The married couple ran the now-defunct Hertfordshire-based Kevin Neal Associates Wealth Management. They were disqualified for taking assets from an insolvent company. The firm had been incorporated to take over the business interests […]
Hartley Pensions buys collapsed Sipp firm’s asset book
Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]
Comments