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FSA wants public understanding

In light of recent speculation in Money Marketing and elsewhere, I would like to make it clear that the FSA has no plans to extend its role to offer investment advice to the public. Nor have we ever said we wanted to.

We are, however, serious about promoting public understanding.

We are exploring how tools offering generic information on financial matters – decision trees, for example – can help consumers begin to understand and articulate their own financial needs. Sensible IFAs will understand that initiatives that aim to increase financial literacy among their customers are no threat to their livelihood.

In fact, not only will better informed consumers make IFAs&#39 jobs easier but research also shows that they save more. That must be good for the ind-ustry and good for consumers.

Christine Farnish

Consumer director

FSA, London E14


Isis techs a gamble

Friends Ivory & Sime has established the Isis technology venture capital trust (VCT) to take advantage of undervalued technology companies in the UK.This VCT will be managed by Stephen Grant and Glen Nimmo. Grant currently runs the Ivory & Sime UK smaller companies investment trust and shares responsibility for the discovery trust with Nimmo. Nimmo […]

Picturing 2001

The new year started with the industry still reeling from the closure of Equitable Life to new business. In January, the FSA came under pressure to explain why it granted Equitable Life approval for stakeholder pensions just a month before it closed to new business. The news cast a new shadow over confidence in the […]

Seasoned advice is needed amid the Isa anxiety

To believe some commentators, the only way that IFAs can stop clients going to the banks and building societies this Isa season, is to chain themselves to the door of their local branch. IFAs are not renowned for taking to the streets, so perhaps more creative solutions should be found. The first step might be […]

Friends Ivory & Sime – ISIS Technology VCT

Wednesday, December 12, 2001.Aim: Growth by investing in undervalued UK technologycompanies.Minimum investment: £3,000.Opening-closing date: October 10, 2001-April 2, 2002 for 2001/2002tax year, May 31, 2002 for 2002/2003 tax year.Charges: Implicit.Commission: Initial 3 per cent.Tel: 08457 992299.

When will US rates rise?

By Felix Wintle, Investment Director & Head of US Equities The most recent communication from Federal Reserve chair Janet Yellen has put the market’s sights on September as the most likely month for the first rate rise. This is due to the stronger than expected economic data of late, particularly in employment and housing, which […]


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