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FSA outlines product league tables

The Financial Services Authority has revealed plans for league tables of insurance companies and fund managers.

The plans which will include tables of unit trusts, Isas, personal pensions and endowment policies, were set out in a consultation document presented by Treasury economic secretary Melanie Johnson.

Johnson says: &#34Buyers of financial services products find it hard to choose the right product. Often they lack the information, knowledge or understanding of complex products to shop around effectively to get the best deal.

&#34The new tables will make a big difference, simplifying the information about a range of financial products so that people can instantly compare the main features, including cost, flexibility, risk and customer service.&#34


FSA boss backs cut-price stakeholder advice

FSA chairman Howard Davies has thrown his weight behind the concept of cut-price advice for stakeholder pensions. Davies was sharing a platform with e-commerce minister Patricia Hewitt, Money Marketing technology correspondent Ian McKenna and Advizas director of operations Peter Catt on the fringes of the Labour party conference in Bournemouth.The debate, entitled ebusiness@labourconference, sponsored by […]

NatWest chief exec ousted

NatWest Bank chief executive Derek Wanless has been ousted from his post as part of a shake up in response to Bank of Scotland hostile £21bn takeover bid according to the BBCHe will be succeeded temporarily by the groups chairman David Rowland with Ron Sandler brought in a chief operating officer and director.Sandler has previously […]

Two thirds of Opra cases are late payerslaints

Almost two-thirds of disciplinary cases deal with by the Occupational Pensions Regulatory Authority involve company bosses failing to pay in pension contributions on time.Figures for July and August show the vast majority of the cases Opra tackles concern company employers who have failed to put cash into workers&#39 pension schemes within 19 days of the […]

Abbey National fuels further speculation

Abbey National has fuelled speculation that it may enter the takeover battle for the besieged National Westminster Bank with the appointment of two new financial advisers reports the Financial Times.Abbey has denied it is considering a bid saying the appointment of Warburg Dillon Read and Lehman Brothers as its joint financial advisers is to provide […]


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