The FSA has declared 2007 as the year of treating customers fairly for advisers, with a much signalled March crackdown on firms that have not shown they are well on their way to implementing the principles.Anyone who thinks that the deluge of consultations and discussion papers which hit the financial services industry in 2006 will […]
I must complain about the article in the December 14 edition of Money Marketing headlined, Complaining through CMC can halve compensation. The data tabled by the Association of British Insurers is, from our experience, wholly inaccurate and has been produced with no regard to what we – the UK’s biggest claim company – are experiencing […]
The FSA is stepping up its clampdown on payment protection insurance and is shortly set to announce further fines and enforcement action against another six PPI companies.A source at the FSA says there are around six PPI cases in the pipeline and details of any enforcement action will be announced shortly.This will bring the total […]
The overriding fear this time last year was that Gordon Brown’s spectacular U-turn on residential property into a Sipp would lead – not to a housing market crash, exactly – but certainly a slowdown in house price growth.
By Fiona Tait, Pension Specialist Royal London firmly believes in the value delivered to clients by financial advisers, not just for one-off events but on an ongoing basis. This is a position we continue to hold in our consultation responses and external communications while always questioning whether there are ways in which we can help […]
The rise of ethical funds and sustainable investment brings into question just how broad and subjective the space can be One of 2018’s most-used buzzwords in investment has been “ethical”. The rise in popularity of environmental, social and governance investing has been widespread, and in 2017 more than £1bn of net retail money flowed into […]
The Personal Investment Management and Financial Advice Association has published an updated version of its Mifid II feedback template and guide. Both documents jointly authored with the Tax Incentivised Savings Association were originally issued for industry comment in June 2018. The updated template and guide reflect the feedback received from Pimfa’s product governance and template testing working groups. […]
Legal and General Assurance Society has apologised to a client for making repeated mistakes in the information it gave about the amount of tax free cash he could take. In a ruling from The Financial Ombudsman Service, Mr M complains L&G’s errors resulted in the need for him to return funds and caused him “significant trouble” and […]