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 someone training to be a cricket umpire, fair play matters to Fortitude Financial Planning director Chris Bowmer. Doing the right thing for clients is something he has adhered to from the start of his career, even in a 1980s sales environment with nothing to gain by delving beyond a client’s surface requirements. While he acknowledges […]
Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]