The General Insurance Standards Council is appealing against last week's Competition Commission's decision that its proposed rule forcing intermediaries to join up breaches the Competition Act. The GISC board is asking the Director General of Fair Trading to exempt it from the Act. It will seek the support of the Government and consumer bodies and consult with the industry. In the meantime GISC says it will continue to provide consumer protection as a voluntary regulatory body and its members are free to deal with non-GISC intermediaries.
Schroders Unit Trusts is to launch a structured growth product designed to give capital protection and linked to the Eurostoxx 50 index. Schroders believes the product will be attractive to nervous investors. Capital is 100 per cent protected. Returns are linked to average growth in the Euro-stoxx 50 over five years. The Dublin-based product is […]
Financial services recruitment consultant 20-20 Search and Selection is opening a new office near Norwich. Nigel Borrett, formerly of Seekers Recruitment, will head up the office.Borrett says: “We are capitalising on the buoyancy and changes in the market. It is imperative for both clients and candidates for a national operation to have representation in East […]
The General Insurance Standards Council is appealing against last week's decision by the Competition Commission that its proposed rule forcing intermediaries to join up breaches the Competition Act. The GISC board is asking the Director General of Fair Trading to exempt it from the Act. It will seek the support of the Government and consumer […]
The FSA has accepted that consumers want past performance information in advertisements, in its response to recommendations made by a task force it set up to look into the issue.The FSA says it will introduce new rules to make sure that past performance is not the main message in advertisements and will consult further on […]
The manager of the Artemis Strategic Assets Fund explains why he is holding onto his (expensive) bond shorts and unusually is keen to buy equities.
- Top trends
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
Trust only takes a moment to destroy. Just a few sentences, a broken promise, a lack of empathy, and it is gone. In most scenarios of customer dissatisfaction, there may well be significant (and often justifiable) operational barriers that either contribute to the creation of the problem or prevent us from fixing it. But in […]
Boutique asset manager Miton Group has recouped the nearly £200m lost from its equity funds seen 2016, when it lost two star fund managers to a rival. For 2017, the group saw £494m net inflows, up from just £1m inflows seen in 2016. Equity funds in particular saw inflows of £361m, while multi-asset strategies gathered […]
How do you decide what investments are right for your client? In our cover story this week, we look at how advisers big and small have set up investment committees or otherwise sought the help needed to answer exactly that question. Frankly, the range of investment options available to advisers as we enter 2018 is […]