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FSA&#39s Aitken wants debate on Towry

An FSA official has admitted that the role of the ICS in taking on

£30m of Towry&#39 Law&#39s liability must be urgently debated.

Head of relationship management investment firms division Robert Aitken

made his comments under pressure from IFAs during a question and answer

session at M&E Network&#39s annual conference. He said: “We need to look at

the ICS and can&#39t keep hammering the industry. We need to redebate


An ICS spokeswoman says: “While we are accountable to the FSA, we are

operationally independent. The regulator was involved in the discussions.”


Goodfellow writ against Burns-Anderson

The Goodfellow group of companies is set to issue a writ againstBurns-Anderson for infringement of trademark over use of the names UV andUltraviolet. Burns-Anderson uses the names for its new network services butGoodfellow claims it registered both names as trademarks last year and isusing them for its specialist e-business and website advice company and anumber […]

IF banking on healthy future with gym deal

Intelligent Finance is aiming to create a healthier image by signing adeal with 200 fitness clubs across the UK that will see its productspromoted in gyms across the country. The IF brand and information about its full range of personal bankingproducts will be advertised at health and fitness clubs such as David LloydLeisure, LA Fitness, […]

Skandia bonds with pension trustees

Elms simply says that the commission is fair and reasonable.On the subject of the product literature, Bumford says: “It provides a satisfactory explanation of the contract details, however, given that the major selling point is the extensive range of investment options, client literature detailing the available funds and, more importantly, the associated charges would be […]

IR35 issues

I write to clarify IR35 and issues raised on criminalisation of IFAs. Iurge readers to under-stand the real implications. First, the Inland Revenue does not make it a policy to incarceratetaxpayers indiscriminately Second, if IFAs were to come under IR35 (whichin most cases is unlikely), this usually would be dealt with by means offinancial redress. […]


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