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 someone training to be a cricket umpire, fair play matters to Fortitude Financial Planning director Chris Bowmer. Doing the right thing for clients is something he has adhered to from the start of his career, even in a 1980s sales environment with nothing to gain by delving beyond a client’s surface requirements. While he acknowledges […]
Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]