View more on these topics

ICS to allow claims against eight investment firms

The Investors Compensation Scheme has announced that customers of eight former investment firms can now claim compensation for their losses.


The firms involved are UK & Overseas Management of Barwell Leicester, SA Robertson & Company of Kirkintilloch Glasgow, PGL Insurance Consultants of Portsmouth, Milton Financial Services of Sleaford Lincolnshire, Lawrence Davis Associates of Dalkeith Midlothian, KA Edis and Company (Insurances) of Cheadle Cheshire, G Temerley Insurance Services of Alnwick Northumberland and Fairhaven Investment Services of Uckfield.


The Scheme provides compensation to customers of clients of investment firms that have gone out of business and are unlikely to make good any financial loss.


ICS will be contacting these customers advising of their ability to now make a claim.

Recommended

IFAs facing PII crisis

Up to a third of IFAs firms could be thrown into crisis next week because their professional indemnity insurance premiums will quadruple. PI insurers and brokers are warning many IFAs, around 30 per cent of whom have PI policies due for renweal on November 1, to expect premiums to rise by up to 300 per […]

Berry Birch & Noble acquires financial planning division of Bradstock Financial Services

IFA Berry Birch & Noble is acquiring the financial planning business of Bradstock Financial Services in a move it believes will boost annual turnover by £1.5m.BB&N will recruit 45 former BFS employees expanding their financial planning client base by up to 22,000 clients.BB&N chief executive Derek Berry says: &#34I am sure that this development will […]

Sainsbury to trial stakeholder pension forecasts

Supermarket giant Sainsbury has agreed to become the first guinea pig to test the Government&#39s proposed plans for annual pension forecasts.The annual personalised pension forecast will provide employees with details of both their state and private pension provision.To overcome fears that the proposals could contravene the Data Protection Act, the retailer is sending consent forms […]

Permanent Insurance adds waiver option to term assurance range

Protection specialists Permanent Insurance is adding a premium waiver option to its range of term assurance products.Although subject to underwriting the option is available at a fixed rate cost of 3 per cent of the premium for single life cases and 6 per cent of the premium for joint life cases regardless of age or […]

What triggers the MPAA?

Jim Grant – Senior Product Insight & Technical Support Analyst There’s sometimes confusion around what triggers the money purchase annual allowance. Find out what does and what doesn’t trigger the MPAA. The money purchase annual allowance (MPAA) is a reduced annual allowance that can apply to contributions to defined contribution (DC) schemes. The following table […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment