John Howard is to take over as chairman of the financial services consumer panel from October, replacing Ann Foster who has been chair since 2003. Howard is a journalist, broadcaster and solicitor. He has been a member of the panel for four years.
Investment boutique Oceanic Asset Management has established an Oeic for the UK market which invests mainly in Australian natural resources stocks.
HM Revenue & Customs has changed its policy regarding monies incorrectly removed from Peps and Isas after lobbying from the Pep and Isa Managers Association. Managers who make these errors can now reinstate the money as long as they gain clearance from the HMRC audit unit beforehand. Previously this was only allowed in specifically defined […]
The FSA does a field visit on an IFA in whose offices is a prominently displayed sign stating that conversations may be recorded. The regulator must surely be aware that IFAs hold it and its staff in rather less than the highest regard. Without specifically informing the FSA field officers, which was probably a little […]
Murray international investment trust’s strategy of increasingly looking worldwide for dividend growth has helped it outperform its benchmark. The trust had a net asset value total return of 9.4 per cent over the half year to June 30, beating the 7.6 per cent returned by its composite benchmark of 40 per cent FTSE World UK […]
Fiona Hanrahan – Senior Product Insight and Technical Support Analyst We are often asked how parental leave impacts workplace pension schemes in terms of funding in general, auto enrolment and salary exchange. This article will explain each of these. How does parental leave impact the funding of workplace pension schemes? A member of a defined […]
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A decade ago, I went through the pain of switching utility providers. Deterred by a catalogue of errors, it is only recently, after a house move, that I tried again. I was pleasantly surprised by how easy it was. It has made me think about how complex and expensive it is to switch in financial […]
It has never been more important to encourage saving. But advisers know only too well how challenging the complexities of the UK savings and pensions landscape make it for people. Any trends towards simplification would be welcome, but unfortunately recent developments have moved in the opposite direction. Take Isas, for example. Their simplicity has always […]
The FCA has confirmed it will consider if there needs to be better guidance around when it and the Financial Ombudsman Service can share information ahead of the FOS making its final decision. In a Complaints Commissioner final report, published on its website yesterday, commissioner Antony Townsend invited the FCA and FOS to discuss when […]