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Lawyer warns on bypassing FOS

Private investors who ignore the Financial Ombudsman Service and go straight to court may have to pay their own costs even if they win, warns law firm Reynolds Porter Chamberlain.


Platform raises fees and rates to stem self-cert surge

Platform has raised its arrangement fee and rates in a bid to control its share of the self-cert market since The Mortgage Business&#39s temporary withdrawal from the market and BM Solutions increasing its fees. Platform has increased the arrangement fee on conforming self-cert products from £395 to £495 and raised its one-year tracker from base […]

Brown Shipley – Solus UK Flagship Fund

Type: Oeic Aim: Growth and income by investing in UK equities Minimum investment: Lump sum £500, monthly £40 Investment split: 27% financials, 20% resources, 19% cyclical services, 8% non-cyclical services, 8% basic industries, 7% consumer goods, 6% general industrials, 5% utilities Isa link: Yes Pep transfers: Yes Charges: Initial 3.5%, annual 1.25% Commission: Initial 3%, […]

Friends and Skandia in £1.65m Cavanagh share stake deal

Friends Provident and Skandia are together taking a £1.65m stake in listed IFA Cavanagh. Under the deal Friends Provident will pay £1m and Skandia £650,000 for newly issued shares in the national IFA. Cavanagh Group managing director Simon Redgrove says: “We have a very sound business model and the new issue allows us to continue […]

Online investment aid for advisers

Distribution Technology is offering an internet investment and portfolio planning application to help distributors provide advisers with the tools to deliver investment advice.


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