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IFA reprieve on N2

The Treasury has confirmed the FSA will receive its full regulatory authority from midnight on November 30.

IFAs are being granted a seven month reprieve to June 30, 2002 to complete preparations for the conduct of business rules that relate to all regulated firms.

Other firms such as solicitors and accountants who currently do their investment business under the authorisation of their professional bodies will have until the end of October to decide whether their business is of a kind requiring them to seek FSA authorisation.


A staple diet from iShares

iShares, which is part of Barclays Global Investors, has added to its stable of European sector based exchange traded funds with the introduction of iBloomberg European staples.This exchange traded fund aims to provide capital growth by tracking the newly created Bloomberg European investible staples index. The index consists of large European companies involved in consumer […]

Nationwide wins most coverage in mortgage war

The growing popularity of remortgaging has taken the war between toplenders into a new phase and influenced national media coverage in June,claims media analyst PressWatch. Its monthly analysis found the high profile of mortgages helped NationwideBuilding Society receive more mentions in the media than any otherfinancial services company. Nationwide chief executive officer Brian Davis ended […]

ABI&#39s new leader pledges support for polarisation

Newly appointed ABI chairman Mike Ross has promised the trade body&#39scontinuing support for polarisation in the next stage of the FSA review. Scottish Widows chief executive Ross says the status of IFAs is importantand should be protected. He pledges that the ABI will continue to promoteindependence. He has also urged life offices to sign up […]

Association to boost mortgage brokers

A new trade association aimed at cleaning up the public image of mortgageadvisers and helping them cope with regulation is to be launched next year. The National Association of Mortgage Brokers and Advisers, headed byformer freelance compliance consultant Julian Jennings as chief executive,is aiming to recruit all 14,000 firms registered by the Mortgage CodeCompliance Board […]


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