The FSCS has declared 43 firms in default. The list of firms, available on the FSCS website at www.fscs.org.uk , includes Worcester based John Coverdale Associates, Stafford-based P D C Insurance Services and Kent-based Alder Broker Group.
The Pensions Regulator is developing a free e-learning programme for pension trustees. The programme is available on the regulator’s website and will form the basis of a voluntary qualification for trustees to be launched by the Pensions Management Institute in April. The first tranche will be available in January and will cover units one and […]
The UK commercial property investment market is in robust health and with the exception of some sectors of the retail market, such as high-street shops, the outlook is good.
Scottish Life head of pension strategy Steve Bee criticises the amount that the Government is spending to promote stakeholder when he says it is unsuitable for millions of people. Bee says it is crucial to get the public to save more but claims it is foolish to pretend that pouring money into this sort of […]
Charles Knight has left Morgan Stanley where he was a non-executive director, after facing pressure from the board over his earlier opposition to the appointment of chief executive John Mack.
Optimism is as American as baseball and apple pie. And since the financial crisis, being optimistic about US equities has paid off: they have outperformed every other major developed market by a comfortable margin. Yet while there remain plenty of good reasons to be optimistic about US equities, Stephen Moore, manager of the Artemis US […]
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The FCA scrutiny of the asset manager continues apace, with attention now turned to closet tracker funds. Following regulatory lessons and actions already seen in Scandinavia, it has ordered unnamed asset managers to pay out £34m in compensation to investors for overcharged fees. At least one group is facing enforcement action over “very misleading” marketing […]
The FCA has told advisers to make clients aware of their right to refer complaints to the The Pensions Ombudsman, not just the Financial Ombudsman Service. Currently, advisers must notify clients that they can complain to the FOS if they believe they have been miss-sold, but are not required to signpost TPO. While complaints over […]
Financial Services Compensation Scheme levies for the coming year will reflect the growth in claims from poorly advised defined benefit pension transfers, chief executive Mark Neale has said. In a blog published this morning Neale writes that the levies – to be published in April – will show the claims to do with pensions have […]