The FSA is to return £270,000 to victims of a share fraud, which it has recovered after taking action against companies involved in the scam.
Long-term care specialist Symponia has hit out at politicians for their public battle over how to fund personal care for the elderly. Earlier this month, Health Secretary Andy Burnham called for a cross-party conference on how to fund care for the elderly following a public fallout on the issue with other parties. But Symponia joint […]
TCF Fund Managers has appointed former Clerical Medical director of pension funds David Somers as an independent member of its investment committee.
The FSA has publicly censured Park Row and fined former chief executive Peter Sprung £49,000 for failing to ensure sales were suitable.
Former International Monetary Fund chief economist Kenneth Rogoff says numerous nations will default on their debts in the coming years.
By Fiona Holmes, proposition communications manager When I first took out critical illness cover, I was overwhelmed. It wasn’t just the form filling, it was finding out about the sheer number of illnesses I was covered for. Did it give me peace of mind that I was covered for neuromyelitis optica or systematic lupus erythematosus? […]
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Claims management companies must be more specific on separate permissions and competency when they under the remit of the FCA, according to HM Treasury. Under rules proposed in the Treasury’s latest consultation paper, claims management companies will operate under six sectors – housing disrepair, industrial injuries disablement benefit, personal industry, financial products and services, criminal […]
Knowing what assets each operator will accept and with what conditions is becoming increasingly difficult The recent well-publicised events concerning Sipp operator asset acceptance have focused the mind of a number of advisers. We have been fielding enquiries about our own Sipp and the asset classes we as a Sipp operator would consider. But this […]
Investment trust sales may come under pressure due to new EU rules, experts have warned. The potential benefits of gearing on investment trusts risk being overlooked as new cost reporting rules make them look more expensive compared with open-ended funds. Traditionally, closed-ended funds have looked attractive based on lower costs compared with other structures, as […]