View more on these topics

FSA welcomes compromise vote

The FSA has called the successful vote of the Equitable compromise by its members a “good step”.

FSA managing director consumer, investment and insurance directorate John Tiner says the result offers the best chance to achieve stability to the with-profits fund.

Tiner says: “We firmly believe that a successful compromise offers the best prospect of bringing stability to the with-profits fund and improving the outlook for worried policyholders. So today&#39s outcome is good news. The next step is for the Court to decide whether to approve the scheme, taking into account any representations made.”


Europe steps up tempo

One of the consequences of the raucous debate on the euro is thatother equally ambitious developments coming out of the European Unionare being overshadowed. For instance, as a step on the path toEuropean integration, the EU has set itself the bold and ambitioustarget of having a single market for financial services by 2005.The previous guiding […]

MFS plays aggressively in US rough and tumble

The MFS US growth equity fund is an Oeic that invests in US companies with good growth prospects. It is a clone of a fund run from Boston since 1996 by Irfan Ali and Peggy Adams. It will invest in around 107 stocks of all sizes. Sectors include financial services, technology, healthcare, leisure and business […]

Pensions for the self-employed

Pensions for the self-employed have always been a conundrum,particularly state pensions. At one end of the sector are thehigh-earning professionals such as accountants and solicitors workingas sole-proprietors or partners. And at the other end are the low tomodest-earning home-workers, subcontractors or small business owners.All are entitled to the basic state pension on retirement but not […]

Towry Law warning letter on leaks is leaked

Towry Law is warning its staff that any further leaks to the mediawill “not be tolerated” and will be treated as gross misconductfollowing a spate of bad press in recent months.In a letter to all employees from group managing director JohnSimmonds, staff were reminded of his “increasing concern and angerabout negative coverage of Towry Law […]

European Opportunities: 'It’s nice when stock selection results in a macro tailwind'

Amid significant macro headwinds in August, Mark Page explains why his fund’s focus on stock selection has helped it outperform a falling market in August. BESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswyBESbswy


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