View more on these topics

FSA warns on sale and rentback broker

The FSA has warned consumers that sole trader Mark Ainley may have advised clients into sale and rentback contracts without having the correct authorisation to do so.

The regulator says it has been informed that Ainley, trading as Mark Anthony Financial Management, has entered into a number of sale and rent back agreements and in doing so he has acted outside the scope of the part IV permission.

It urges any clients that have entered into such contracts with him or those who may be on the point of doing so to contact the FSA urgently.

The FSA says: “Mark Ainley, who trades from London House, 77 High Street, Sevenoaks, Kent TN13 1LD, is authorised and regulated by us. However, he has never been permitted to arrange, enter into or administer sale and rent back agreements.”

Recommended

7

Hargreaves call on performance fees is on the money

Maybe it’s me, but sometimes I get the impression that not many people in the industry like Peter Hargreaves, not that he cares one jot, of course. A few years back, I wrote lampooning Peter over his claim that IFAs’ determination to retain indemnity commission as their primary source of income meant they would soon […]

LVAM appoints head of sales

LV= Asset Management has appointed Matthew Wright as head of sales. Wright joins from Fidelity International, where he was head of discretionary business. He will report to Ann Roughead, managing director at LVAM. LV= says Wright is planning to hire further members to his six-strong team, which currently includes three regional sales managers, a national […]

Tenet £1m loan support to members

Tenet says it has provided almost £1m in loans to support its adviser firms. Distribution and development director Keith Richards says the group stepped in to support adviser firms after it become clear that credit from the banks would remain in short supply. He says the majority of the loans have been used to fund […]

Rayner Spencer Mills: Why we rate the Artemis Global Growth Fund

Ken Rayner and Graham O’Neill from RSM explain why they rate the fund, its investment process and how it can be used in a portfolio. The Artemis Global Growth Fund became a RSM ‘rated’ fund earlier this year. In this video, Ken Rayner and Graham O’Neill explain the fund’s investment approach, why they rate it, […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com