Icelandic president Olafur Ragnar Grimsson has refused to ratify a bill passed by the country’s parliament to repay over £3bn to the UK and the Netherlands.
The FSA has appointed former Which? consumer champion Julian Edwards to the new role of consumer senior adviser. The regulator says it established the role to help deliver better outcomes for consumers through “intensive supervision and rigorous risk assessment”. The aim is to also strengthen the FSA’s understanding of consumer issues. Edwards, who took up […]
Bill Warren Compliance is offering a retrospective mortgage sourcing system that allows firms to check that the most appropriate product and lender were recommended on past mortgage business.
A year ago, few were predicting a strong market recovery, with the general view being that recession and high levels of Government debt would prove difficult for UK investors. Corporate bonds and large-cap UK equities were the safe-haven choices. In the end, 2009 produced positive returns for almost all sectors. What will be the best-performing sectors in 2010?
Outgoing chief executive of the Financial Services Compensation Scheme Loretta Minghella has been awarded an OBE for services to the financial services industry in the Queen’s New Year’s honours list. Minghella is leaving the FSSC in the spring after five years in the role. Other members of the financial services industry to be awarded honours […]
In this short video, Craig Inches, head of short rates and cash at Royal London Asset Management, offers his thoughts on how to preserve capital and generate income in an inflationary environment. Watch the video in full The value of investments and the income from them is not guaranteed and may go down as well […]
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As the outlook for the UK’s economy remains uncertain, how can advisers prepare portfolios for any change in inflation? As higher inflation fails to appear on the horizon and wages grow faster than expected, fund managers are weighing up their portfolio moves for any potential changes in the economy. The UK consumer prices index rose […]
IFA directors Kevin and Cheryl Neal have been banned from being company directors by the Insolvency Service for six and four years, respectively. The married couple ran the now-defunct Hertfordshire-based Kevin Neal Associates Wealth Management. They were disqualified for taking assets from an insolvent company. The firm had been incorporated to take over the business interests […]
Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]