The FSA has fined IFA CFS Independent 25,000 for serious systems and controls, risk management and compliance failures. The regulator concluded CFS had a poor risk management strategy, relied heavily on third parties to comply with regulatory requirements, and was not aware of key obligations when a firm is entrusted with client money and client assets.
A financial promotions action group is being formed by the FSA and senior marketing professionals to promote best practice in the marketing of financial products. The regulator’s financial promotion team and industry marketers will meet at the Royal Society of Medicine in London on October 6 to launch the group. FPAG aims to open up […]
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The National Association of Pension Funds is calling for a new independent standing commission to report to the Government on the impact of economic, demographic and social changes on Britains pensions system, and to advise ministers on the measures necessary to maintain the UK pension system in the long term.
We received numerous promotional packs from Keydata on its new secure income bond which at first glance looks extremely enticing. Income of 7.5 per cent a year with very low risk is quite a combination and with no link to any stockmarket either. I asked our network for their comments and part of their response […]
By Ewan McAlpine, Senior Client Portfolio Manager In uncertain times, investors naturally seek safety. But in fixed income markets, what does that really mean? Ewan McAlpine outlines the approach RLAM’s Fixed Income Team will be adopting across its credit funds in response to potentially volatile markets this year. Click here for full article
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The Financial Services Compensation Scheme has declared self-invested personal pension operators Stadia Trustees, Brooklands Trustees and Montpelier Pension Administration Services in default. The lifeboat fund has received around 150 claims for compensation relating to the three businesses. Those claims relate to how the businesses set up, operated and administered Sipps through which people invested in […]
The Department for Work and Pensions has confirmed it will not change the pensions triple lock and will explore bolstering the powers of The Pensions Regulator in the forthcoming legislative period. The DWP published its “single departmental plan” yesterday, which sets out five objectives it is working towards over the next four years. It has […]
Sam Seaton talks about how her interest in people affects her approach to technology