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Mixed message from Smith on misselling definition

Secretary for state for work and pensions Andrew Smith has given an equivocal response to industry demands for a Government definition of misselling at a fringe meeting at Labour Party conference in Bournemouth.

Asked whether the Government would do more to ease employer and intermediary fears over future pensions misselling Smith said it was an issue he wanted to look at.

Smith said: “We will look at this issue but without infringing common sense ideas of what was financial advice and misselling.”


Sink or swim

The FSA&#39s capacity for producing paper never ceases to amaze me and the recent arrival of CPs 197 and 198 is no exception.There seems to have been considerable concern over the obligations that this CP will place on advisers to submit information to the regulator on a regular basis.Using traditional paper-based recording, this will no […]

&#39Extend Sandler range&#39

A leading economics thinktank is calling for the Sandler range to be extended into other product areas to encourage more consumers to save.At a fringe meeting sponsored by the IMA, Social Market Foundation director of research Ann Rossiter said she believes one of the only radical ways to encourage large numbers of people to start […]

ABI sets out 10-point plan to save pensions

The ABI launched a 10-point manifesto at the Labour Party conference in Bournemounth on Monday aimed at averting a full-scale pension crisis.Its research shows that only 15 per cent of the public trust the Government not to let them down on pensions. The poll shows only 4 per cent are very confident they will have […]

Koralis leaps into action

Newly-formed film production company Koralis Pictures is aiming to raise up to £2.5m to finance three low-budget action thrillers from Commando director Mark L Lester. Film Fund One is the brainchild of former IFA Heath Jones, who founded Koralis six months ago after meeting writer Bruce Fitzpatrick in Los Angeles. Fitzpatrick had secured a film […]


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