View more on these topics

Light of experience

It is time for a proper debate about how the Financial Ombudsman Service functions.

One IFA has managed to overturn an ombudsman’s decision in the High Court. The ruling sees a judge questioning the way the ombudsman determines who is and who is not an experienced investor and how compensation is calculated.

Can we suggest that, instead of more advisers taking to the courts, the FOS considers how it operates in certain circumstances. It needs to dispel the suspicion that the benefit of the doubt is always given to the consumer, particularly when assessing just who is an experienced investor and who is not.

Recommended

E-business up 70% on SkandiaWrap

SkandiaWrap saw a 70 per cent increase in adviser traffic in the first half of 2006 compared with the same period last year. Online fund switches were up by 104 per cent to to 42,000 while electronic policy valuations increased by 85 per cent to 8000,000. The number of USkan portfolio reports completed through the […]

Claim firms set to appeal on time bars

Three claim-handling companies are preparing to appeal on up to 5,000 endowment misselling cases on their books that have been turned down by the Financial Ombudsman Service because of time bars. CPH, Endowmentclaims. com and Whitehall Randell say if any appeal is rejected it will try to launch a judicial review on time bars.

Sunny side up for Buckley and Covell

Ex-Bankhall duo Mike Buckley and Gordon Covell are set to receive a little more media exposure than they first expected in the coming weeks. The pair, who run the Active Management Group, were spotted at a Soho bar while waiting for a Money Marketing hack by a TV crew filming a dating show. Buckley was […]

Equity-release rates ‘less than mainstream SVRs’

Average equity-release rates are now lower than average standard variable rates for mainstream mortgages, says Safe Home Income Plans. Brokers have hailed the news as positive but stress it is vital that the industry gets the point across to consumers. Ship looked at annualised interest rates for the top 10 equity-release providers and found that […]

India rate cut – more to come?

Kunal Desai, Head of Indian Equities at Neptune Investment Management India’s stockmarket rallied this week following news that the central bank was cutting interest rates more aggressively than expected. Commenting on the rate cuts and what this means for India’s economic growth, Kunal Desai notes that there were two important details in the announcement that have […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com