View more on these topics

Inter look for further capital and cost cutting

Inter-Alliance has indicated it will need to find alternate ways to raise capital following yesterday announcement that merger talks with Berkeley Berry Birch had collapsed.

The company says it is pleased with progress made in improving its operating loss but that further “cost saving initiatives across the Inter-Alliance Group” were necessary.

It says it now has new plans which “include the continuation of further cost saving initiatives.”


Split-cap firms to see evidence of collusion

Split-cap providers and stockbrokers which have agreed to take part in the FSA&#39s compensation package for investors are to be shown specific evidence of what they did wrong this week. Until now, the 22 firms the regulator has pinpointed as being potentially culpable have only been shown generic evidence of wrong-doing and this will be […]

Tiner warns lenders they should not be complacent over self-cert

Speaking at the Building Societies Association&#39s annual conference in Manchester today, FSA chief executive John Tiner told delegates that there is no room for complacency over self-certification mortgages. Tiner said that although the FSA&#39s investigation into self-cert concluded that lenders&#39 systems and controls over such lending were broadly adequate to counter the risk of financial […]

Investment edge

Is Fidelity&#39s incentive of £50 for IFAs and £25 for their clients a bribe too far for reregistering existing holdings on FundsNetwork? Is this the next misselling scandal? Most IFAs will have clients who have accumulated Peps, Isas and other investments with a number of different fund managers. Suppose for a moment they are all […]

FSA receives 5,580 registrations for authorisation

The FSA has today revealed that by the end of April, it had received 15,046 registrations to obtain an application pack and 5,580 applications for authorisation. 8,675 registrations were from insurance businesses and 6,371 for mortgages. Out of those that have already applied for authorisation, 3,684 were mortgage firms and 1,896 were general insurance firms. […]

The FCA’s five fixes for retirement information

The Financial Conduct Authority (FCA) has started to change the way that people will be told about their pension options. In a recent market study paper, they lay out their final proposals on the information that should be delivered to people approaching retirement and how it should look and feel. During 2015, there will be […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment