The FSA has fined IFA CFS Independent 25,000 for serious failures on systems and controls, risk management and compliance. The regulator concluded that 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.
Nigel Payne is assuming full responsibility as managing director of The Mortgage Business replacing current md Bill Dudgeon.Current TMB directors Bill Dudgeon, Mark Bergin, David Parry and Paul Graham are leaving the business to join Deutsche Bank at the end of September. Deutsche has been widely tipped to enter mortgage lending business by the end […]
The Chartered Insurance Institute has finally won chartered status – a very significant step along the road to making advisers into a profession.The bar is set very high.
Whenever a new person walks into a high-profile job, it is always intriguing to see how he or she differs from their predecessor, not just in terms of approach but priorities.
First-time buyers Charcol senior technical manager, mortgages, Ray Boulger says a parent’s Sipp investment could help their children move into their first home
Jonathan Platt, Head of Fixed Income at Royal London Asset Management, looks at the three trends that his team see shaping bond markets this week. Read the article here: The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not get back […]
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It is encouraging to see the FCA close in on lazy fund management, but more needs to be done Without fanfare, the FCA has confirmed its intention to punish lazy fund management. Several groups have been persuaded into voluntarily compensating investors who bought their beta-posing-as-alpha products, otherwise known as closet trackers. The regulator suggests that […]
Ex-GBST man and FinoComp chief executive Ray Tubman on the need for a brave new world of interoperability Platforms running on proprietary technology often see this as a competitive advantage, even if it is expensive to run. But ex-GBST man and now FinoComp chief executive Ray Tubman does not believe outsourcing is the poor relation. […]
Ahead of speaking at Money Marketing Interactive in May, founder and director of The Yardstick Agency Phil Bray gives tips on how advisers can improve their public image and why the FCA should rethink their plans for the register On a scale of 1 to 10, how optimistic are you about the advice market for […]