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 […]
What does the outlook for fixed income look like for the rest of the year? It was a sobering start to the year for fixed income, and we observed a more divided set of opinions than we have seen for a long time. Aside from the brief wobble in the last week in December, which […]
The Financial Ombudsman Service has told BlackStar Wealth Management to compensate five different clients for the unsuitable advice it gave them to transfer out of their pension schemes. Five upheld rulings against the West Midlands-based firm have been published since the start of the year. All the clients were advised to transfer out of their […]
BNY Mellon’s head of distribution in the UK and Ireland Fergus McCarthy has stood down from the position. He is currently on gardening leave, but it is unclear at this stage where his next role in the industry will be. McCarthy was poached from his sales manager role at Martin Currie to become sales director […]