Leeds Building Society has launched subsidiary Leeds Financial Services Overseas as an appointed representative of Tenet’s Interdependence network to help service the expatriate community with UK-based financial advice.
Norwich Union has announced protection price cuts across its mortgage, life insurance and term assurance range.Almost 90 per cent of NU’s MLI premiums can now be found amongst the top three providers, compared to 59 per cent before the re-price.Consumers taking out MLI and term assurance policies lasting longer than the traditional 25 year term […]
The FSA has banned Powell Price director Nigel Layton after finding him guilty of failing to pass on premiums to insurers and leaving clients uninsured.It says: “Layton knowingly and deliberately accepted clients’ insurance premiums which he failed to pass over to the relevant insurers and intermediaries, leaving at least 16 clients uninsured.”The FSA says Layton […]
The FSA has reinforced its warning that the UK sub-prime market could go the same was as the US market and that lender vulnerability is beginning to show through.
Advisers do not run the risk of conflicts of interest by receiving shares in a wrap, according to Helm Godfrey managing director Bruce Wilson.At the MM retirement planning summit in Nice, Wilson said he chose to use the independent Nucleus wrap rather than a provider-sponsored offering because there are no guarantees that a provider-led wrap […]
The manager of the Artemis Strategic Assets Fund explains why he is holding onto his (expensive) bond shorts and unusually is keen to buy equities.
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A former IFA who pocketed clients’ Sipp money has been given a six-year jail sentence. Darren Say, who ran advice firm Wealth Connection, was found guilty of fraud by abuse of position and of fraudulent trading after creating a pension scheme that loaned money to clients’ Sipps before investing funds in a property company where […]
Consumer champion Martin Lewis has published a passionate warning about scam advertisements using his identity to endorse investment and insurance schemes. Lewis, founder of Money Saving Expert, has posted a video denouncing a cloud-based trading scheme that claims he invested £500,000 in it. He says in the video: “It is a con, it is a […]
The FCA cancelled the authorisations of more than 200 firms last year for failing to meet “basic regulatory requirements” like paying their fees or filling out regulatory returns. The regulator revealed the figure in an update today, that its Threshold Conditions Team took enforcement action against at least 207 firms for failing such compliance failings […]