A judgment in the Financial Services and Markets Tribunal between Legal & General and the FSA is expected in the New Year. After six weeks in court the tribunal hearing, in which L&G is contesting a £1.1m fine for endowment misselling, drew to a close last week. The three-man tribunal panel, headed up by chairman David Mackie, are now considering all the evidence.
The Parliamentary All-Party Group for Building Societies and Financial Mutuals is conducting an Inquiry into the extent to which mutual business contribute to the economy and society.
Special offer: 1% bonus and no initial charge on investments into Abbey multi-manager fundsOffer period: Until December 31, 2004Contact: www.spila.com
Estate Preservation Services, a firm backed by Graham Bates and Helen Peace, is linking up with Simply Biz to provide a will-writing service for the group. EPS will be Simply Biz's preferred will-writing and estate administration service for its 660 member firms. EPS is based in Leeds and specialises in devising and implementing IHT planning […]
A smoothed with-profits-style fund has been dropped from the stakeholder suite of products because of the FSA's concerns over comparisons with unsmoothed products. The regulator will implement the basic advice regime to support stakeholder products from April next year but although it is confident that investors can understand the concept of smoothing, its consumer testing […]
Welcome to the latest edition of In Focus. In this issue, Jelf examines the private medical insurance market for employers with expatriate workforces in Germany. This includes the common challenges faced in sourcing appropriate coverage, along with a selection of available solutions. This will be of particular interest to HR/reward decision makers with employees based in Germany. It will assess the cultural norms, risks and backdrop that are relevant to organisations with expatriate staff in this location.
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It is encouraging to see the FCA close in on lazy fund management, but more needs to be done Without fanfare, the FCA has confirmed its intention to punish lazy fund management. Several groups have been persuaded into voluntarily compensating investors who bought their beta-posing-as-alpha products, otherwise known as closet trackers. The regulator suggests that […]
Ex-GBST man and FinoComp chief executive Ray Tubman on the need for a brave new world of interoperability Platforms running on proprietary technology often see this as a competitive advantage, even if it is expensive to run. But ex-GBST man and now FinoComp chief executive Ray Tubman does not believe outsourcing is the poor relation. […]
Ahead of speaking at Money Marketing Interactive in May, founder and director of The Yardstick Agency Phil Bray gives tips on how advisers can improve their public image and why the FCA should rethink their plans for the register On a scale of 1 to 10, how optimistic are you about the advice market for […]