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Lib Dem trade & industry spokesman calls for DTI to be scrapped

Liberal Democrat trade & industry spokesman Vince Cable wants the Department of Trade & Industry to be scrapped.

Cable has announced party plans to scrap the department and replace it with a Department for the Consumer that would bring together the principal consumer protection agencies, including the Office of Fair Trading.

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Scottish Provident&#39s Nick Kirwan is calling for a “wrinkle” in proposed protection regulation to be ironed out.He says the problem could mean advisers and clients having to use two different sets of regulation for the same product.Kirwan, who is head of marketing and product development at ScotProv, says current regulations mean term insurance, income protection […]

A consumer&#39s view

Another disaster is looming and, unless IFAs move fast to advise clients, they could be in trouble. Just at the worst possible time, investors are pouring into corporate bond unit trusts at nearly double the rate of five years ago.As any good adviser knows, you buy bonds – including corporate bonds and gilts – when […]

Lighthouse turnover up 20 per cent

Lighthouse Group increased its turnover by a third to £9.5m from just under £7m in the first six months of 2003, compared to the previous six moths.Gross profit grew 20 per cent to £1.6m in the first half of 2003 from £1.3m in the previous six months, but pre-tax losses rose 10 per cent to […]

FSA criticised over annuities policy

The Financial Services Authority has been accused of failing to encourage more people to shop around for better annuity rates. Figures from the association of British Insurers show more people this year bought annuities from their existing provider than they did last year. However the FSA set up rules last year requiring pension providers to […]

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