The FSA has rectified problems with consumers and brokers accessing its register of regulated firms.Last week, a number of users could not access the register after it was revamped on Friday, August 18, meaning they could not discover details about a firm or establish whe- ther it was regulated or not. One problem was that the link on the website directed many users to the old register which had been taken down and when typing in the correct URL for the new register, users were told it had exceeded its maximum number of users. To compound matters, the phone hotline to source information cut callers off at times because it was too busy. FSA spokeswoman Vanessa Wood says: “There were a small number of people that contac-ted us who have had access problems. The new system will be faster and more efficient.” Norwest Consultants principal Harry Katz says: “The FSA website is a good one in parts but it sometimes suffers from FSA-itis. Why make it simple when you can make it difficult?”
Principal, DPB Independent Financial Services, Edgware, Middlesex Vincent Cable thinks that higher-rate tax relief on pension contributions is “a direct subsidy to higher earners”. I have never heard the ability to keep for oneself some of your own earnings on the condition that it is put away in a fund (itself of value to the […]
Fundsdirect has launched its Ascentric wrap service to its seven founding IFAs on the new “blue button” system from Investment Sciences. The new software supports all the existing customers of Fundsdirect, including direct clients and white-label business.
Advisers have welcomed Tory calls to scrap stamp duty on shares but question whether the policy on its own will boost long-term saving. Conservative Shadow Chancellor George Osborne this week revealed that the party’s tax commission is looking at cutting or abolishing stamp duty on shares, which would cost the Treasury 4bn a year. Hargreaves […]
“It’s all about multi-tasking.”Omnipresent hack Annie Shaw demonstrates how to balance a wine glass, cigarette and canape“I am a bad indian girl.”Lansons PR Jeena Nadjaran on her lack of cricket knowledge“That would make a great t-shirt, though, wouldn’t it?”Bloomberg Money’s Julian Marr on afore-mentioned admission“No serious journalist doesn’t have my number.”Threadneedle director of communications Richard […]
The political uncertainty in Europe is not deterring the Artemis European Opportunities Fund, says manager Laurent Millet. There are still stocks, he tells Artemis’ Ross Leckie, which should thrive.
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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 […]
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 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 […]