View more on these topics

FSA to investigate Lehman structured product complaints under ‘wider implications’

The FSA is to investigate all issues relating to Lehman-backed structured products under the “wider implications” process.

While the Financial Ombudsman Service has been investigating a number of individual complaints, the FSA has been actively looking at the wider issues raised in the market and will consider all cases in order to achieve the best outcome for consumers.

The FSA and Ombudsman say the regulatory options available to the FSA would be one way of reducing consumer detriment, as well as potentially being able to deal with the concerns of more consumers than those who have complained to the Ombudsman.

Under the FSA’s remit for “wider implication” cases, action could include taking supervisory action; taking regulatory action under the unfair terms in consumer contacts regulations; securing redress and publishing rules and/or guidance.

The FSA says it is up to the Ombudsman to decide whether to progress or suspend individual cases while the FSA or OFT considers the issue.

But it says the Ombudsman will take account of any information provided by the FSA or OFT as part of its consideration of individual cases.


Pension action plan

This year’s Budget will be certainly go down as memorable in the pension history book.

Omam to launch two equity funds

Old Mutual Asset Managers (Omam) is launching two equity funds, Old Mutual Dynamic Equity and Global Equity Absolute Return. The absolute return vehicle will be managed by the group’s quantitative strategies team. It will aim for cash-plus returns through a portfolio of mid and large-cap global developed market equities. The UK Dynamic Equity fund will […]

Spring has sprung

Well, it’s been lovely to see a little bit of sunshine, even if it was only a brief appearance. I live in Scotland so, believe me, it was very brief.  Of course, with even the tiniest hint of spring, thoughts turn to the inevitable clearout that must take place.  And that got me to thinking […]


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