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Hips hit Network Data results

Network Data Holdings made a loss of £1.1m in 2007 after a £300,000 profits in 2006. It blames the loss on the delays in implementing Hips.

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Warning to IFAs on drawdown advice

IFAs are being told they should not offer advice on income drawdown unless they are capable and prepared to provide ongoing management of the portfolio.Compliance consultant Adam Samuel says that to offer an income drawdown service safely, advisers have to actively manage the fund.However, he says few advisers are capable of giving drawdown advice and […]

Would the FSA fail its own supervision tests?

The FSA’s internal report into the Northern Rock debacle uncovered a startling catalogue of errors and failures which, if made by an adviser firm, could have seen it fined or kicked out of the industry.

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