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IFA fined over pensions misselling review

The PIA has taken disciplinary action against Leicestershire IFA Bland Bankart Financial Services over compliance failings resulting from the pensions misselling review.

Bland Bankart of 26 De Montfort Street, Leicester was fined £20,000 and ordered to pay PIA costs of £2,200.

Among the areas identified by the PIA were inadequate monitoring and failure to identify a starting population for the pensions review.


Occupational pension scheme managers confident about the on-set of stakeholder

The majority of occupational pension scheme managers believe the introduction of stakeholder pensions will not effect the running of their scheme according to a survey by FPS Trustee Company.The survey reveals that 95 per cent of managers will continue to run their scheme unaffected by the introduction of stakeholder.FPS also found massive support among managers […]

Framlington extends special offer on Japan Fund

Investment management specialist Framlington has extended the special offer on its Japan Fund until October 1, 1999.The offer gives investors a 1 per cent discount on the fund initial charge of 5 per cent. There is an annual management charge of 1.5 per cent.Framlington marketing director Craig Walton says: &#34Investments in the fund focus on […]

Guernsey reports record fund business

Guernsey&#39s fund management business is booming with investment levels reaching record heights according to figures released by the island&#39s Financial Services Commission.For the three months to June 30,1999 the offshore centre has seen the total number of funds rise to 409 from 399 the previous quarter.The value of open-ended funds now total £12.5bn and closed-ended […]

Skipton Building Societies assets jump 16 per cent

Skipton Building Society saw its group assets jump 16.4 per cent for the six months to June 30, 1999.The society now has assets in excess of £4.75bn up from £4.1bn for the same period last year.The society also saw its mortgage balances leap by 10.2 per cent to £3.53bn compared to £3.2bn for the first […]


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