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ICS inviting claims on four IFA firms

The Investors&#39 Compensation Scheme has declared four IFA firms in default, allowing clients to make compensation claims.

The firms are: The Moneywise Centre of Chandos Street, Leamington Spa; London Corporate Securities of Great Eastern Street, London; RH Richards Associates of Malling House, West Malling, Kent; and Analysis Financial Services of Park View, Harrogate.

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Eureko expanding in Netherlands

Eureko, the European insurance and financial services group which includes Friends Provident, has expanded its network of life offices across Europe. Dutch-based Eureko member Achmea has merged with Dutch asset manager PVF Pensioenen. Eureko aims to boost its presence in Holland on the back of the merger. Eureko is the seventh-biggest insurance group in Europe […]

Investment view

It was with some alarm that I heard on the radio at the end of last week that electrical giant Philips is to move its headquarters from the small town in southern Holland it dominates to Amsterdam. Philips has been one of the success stories of recent years. Having suffered in the 70s and 80s […]

Abuse is blamed as de minimis faces axe

The Inland Revenue is set to axe the de minimis funding limit for pension schemes, claiming that IFAs are abusing the system. The de minimis limit allows company directors to contribute up to £6,000 to their pension without having to take the Pension Schemes Office funding check. The check is a salary assessment which limits […]

Hart quits AITC after 10 weeks

Michael Hart has dramatically quit as director general of the Association of Investment Trust Companies after just 12 weeks in the job. Hart&#39s resignation, announced on March 17, ends 44 years in the investment-trust industry. He was formerly chairman of Foreign & Colonial. His short time at the AITC has been filled with controversy. Last […]

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