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Head of fund groups summoned to FSA meeting

The chief executives of leading fund groups have been summoned to a meeting with the FSA amid fears that the problems plaguing the US market have spread to the UK. FSA chairman Callum McCarthy is concerned that some fund managers have been the unwitting victims of late trading and market timing, which have been the subject of an investigation in the US. The FSA has conducted initial research but wants to inform fund managers how its own probe into will proceed.


Home information packs only part solution – MS

Marlborough Stirling says the introduction of home information packs is only a part solution to the problems that dog the home buying process. Mortgage consultant Nik Halton says: “HIPs should speed up the house buying process and make it easier for consumers. However, it is doubtful as to whether they will go far enough. There […]

Web tool aids planning

Adviser technology firm Distribution Technology is offering an internet-based financial planning tool for IFAs. Distribution Technology was set up two weeks ago by former mPower managing director Ben Goss and IT consultants Patrick Fitzgerald and Adrian Hall. Advisers can access the software by logging on to a secure website rather than loading it from a […]

&#39Focus on planning and delegate fund selection&#39

Independent insurance analyst Ned Cazalet believes the time has never been better for giving independent advice. In his Life 2003 report, Cazalet says an increasingly older and wealthier population means that, despite difficulties such as increasing regulatory costs and falling commission levels, there are great opportunities for IFAs. However, he says many IFAs have been […]

Portman Building Society – Two Year Fixed Rate

Type: Two-year fixed-rate mortgage Fixed term: Fixed until December 1, 2005 Fixed rate: 4.25% Minimum loan:£15,500 Maximum loan: Up to 95% of valuation subject to a maximum of £250, up to 90% of valuation subject to a maximum of £400,000, up to 85% of valuation subject to a maximum of £500,000, up to 75% of […]


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