The Mortgage Code Compliance Board’s 1m surplus following its liquidation at M-Day will be distributed to a combination of projects. Around 300,000 will go towards the Money Advice Trust and 300,000 on training for mortgage advisers. The rest will go to the FSA to reduce mortgage advisers’ fees at the next fee cycle.
Jupiter’s global green investment trust is fighting to fend off an attack from arbitrageurs after a shareholder demanded an EGM to wind up the fund.
The Financial Services Skills Council is consulting on compliance standards for staff working in compliance and money- laundering prevention.
F&C director of fund of funds Richard Philbin has disclosed the low levels of turnover of holdings on the firm’s multi-manager distribution fund.
Woolwich Plan Managers
Capital Growth Plan 8
Focused on bottom-up stock selection, not just in equities but also corporate bonds, DNCA has a reputation as being a multi-asset manager, but is also well known for its European equity funds.
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The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
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The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]