Insight has announced it is in merging its Asian, Japanese and US equity capabilities into one integrated equity team, headed by David Marchant. The equity capability will be split into four units – UK, European, international equities and research.
The FSA has broken off discussions over split-cap compensation after providers offered a fraction of the amount it sought. The FSA, which began preliminary talks with 21 providers three months ago, believes £350m represents an acceptable sum of compensation for the thousands of investors in collapsed split-caps. But providers yet to enter its mediation process […]
National Savings and Investments has warned advisers that the current regulations relating to self-invested personal pensions do not allow pension schemes to invest in the NS&I guaranteed equity bond despite Inland Revenue advice to the contrary. Until advised otherwise by the Revenue, IFAs will not be able to buy future issues of National Savings bonds, […]
The Financial Services Skills Council has appointed Teresa Sayers as its new chief executive. Sayers has been working as managing director for the FSSC since 2003 and was instrumental in the council being awarded its license from the government. The FSSC is now licensed to work in partnership with employers and trade unions to provide […]
The prospect of an IFA strapped and blindfolded to a high-speed vehicle hurtling into the never-never may make some chortle but MR Financial Services director Andrew Mackie is doing just that to beat the blindfolded land speed world record – currently at 144.7mph – and raise money for charity British Blind Sport. Mackie, more used […]
The introduction of ground-breaking pension freedoms in April 2015 has created some uncertainty for employees and employers alike, and they are looking for help. With further changed announced in the summer Budget, employees really need help to understand how the changes affect them.
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The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]