View more on these topics

FSA suspends IFA firms

The FSA has this week suspended three IFA firms, preventing them from carrying out any regulated business.

The firms are Gallagher & Company of 17 Malone Court, Downpatrick, Co. Down, Allan Austin Investment Services of 16 Carmel Street, Abertillery, Gwent and Midgley&#39s Insurance Mortgage & Pensions of The Studio, 20 Stony Lane, Eccleshill, Bradford.

Gallagher and AAIS failed to maintain PI insurance. AAIS and MIMP failed to comply with PIA Ombudsman awards and Gallagher failed to provide information requested by the FSA.


Dead cert

The growth in the number of lenders in the self-certification sector has come about partly as a result of a greater understanding of the risks involved but mainly as a result of the search for profit margin.Quite simply, the profits existing in the mainstream sector over the last few years have been marginal at best […]

IMA holds two-day seminar on investment

The Investment Management Association is holding a two-day conference on the issues facing the investment industry at the Cafe Royal in London on November 4 and 5.The conference will be split between institutional and retail asset management and will include topics such as the creation of a single European market in financial services and the […]

Equity-release support deal for IFAs

Specialist equity release IFA Key Retirement Solutions is launching a support network for other IFAs with clients looking for advice on equity release products. It is targeting advisers looking to enter the market by either selling Key&#39s own equity release products or using its paid referral service. With this service IFAs refer their clients to […]

&#39Some firms better off without PI cover&#39

Unprecedented professional indemnity insurance premium increases and confusing messages from the FSA have led IFAs to claim they are better off being denied PI cover.Several IFAs say they have been told by the FSA that it is acceptable to carry on trading without cover. They say they are better off without PI that bears excesses […]


School fees planning

Jeremy Pearson is Technical Support Manager with Canada Life’s ican Technical Services Team. Canada Life offers a range of wealth management solutions, including retirement income planning, estate planning and investment solutions from a choice of jurisdictions, including the UK, Isle of Man and Republic of Ireland. Many parents value the standard of education offered by […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm