View more on these topics

Mifid rules use flexible approach

The final draft of the Mifid level 2 rules reveal that the EU is adopting a flexible principle-based approach, giving the FSA scope for implementation. Advisers will not have to record all client conversations but will face more stringent rules regarding product suitability justifications.

Recommended

Glasgow launches Mackintosh high income fund

Glasgow Investment Managers is launching the Mackintosh high income fund managed by Susan Anderson and aiming for a net yield of 5.5 per cent a year. The fund will have a portfolio of between 35-40 UK equity holdings, with a structure similar to the Glasgow Income Trust, which invests additional finance raised through a derivative […]

1

“City slicker” jailed

Former Daily Mirror journalist James Hipwell has been jailed for three months for using the paper’s City Slickers column to manipulate the stock market. Hipwell received a six-month sentence at Luton crown court, of which three were suspended, because of medical evidence that his kidney condition is deteriorating. The journalist made 41,000 from trading in […]

Estate protection

IHT planning is becoming increasingly complex but clients should be offered the option of taking cover for the liability

Loretta Minghella

Her family’s ice cream business boasts that “One lick and it’s love” and the chief executive of the Financial Services Compensation Scheme will certainly be popular with advisers if she manages to lick the levy system into shape. Interview by James Salmon

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment