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MP seeks to compel IFAs to ask &#39the ethical question&#39

Financial advisers could be compelled to ask clients about their ethical and environmental concerns under a bill proposed by Labour backbencher Tony Colman.

The Financial Services (Ethical Considerations) Bill presented in the House of Commons last week would require the Financial Services Authority to issue guidance to financial advisers compelling them to &#34ask the ethical question&#34.

In practice, the FSA would prescribe a specific question in the fact find

Although it has very little chance of becoming law, it marks the first step in a campaign, backed by Friends of the Earth and the UK Social Investment Forum to ensure that the Financial Services and Markets Bill, looks after the interests of ethical investors.


Clerical Medical rolls out mortgage endowment plan

Clerical Medical is rolling out a unit-linked mortgage repayment plan, claiming it is the most flexible on the market.The Flexible Mortgage Plan offers customers the option of paying premiums in four different ways.There are low start, level and increasing premium options. There is also an additional investment option which allows customers to pay extra in […]

Marlborough Stirling launches life and pensions software

Marlborough Stirling is launching a life and pensions administration system which is capable of processing 6 million live policies on one Compaq Xeon based server.The business solutions company says Lamda 5 will run on both Microsoft&#39s SQL server and Intel based servers and can accommodate 1350 active users accessing the server.Deputy managing director Chris Ryland […]

BCWA donates £75,000 to meningitus research

Health insurer BCWA Healthcare is donating £75,000 from its charitable trust to a meningitus research programme.The award, covering a three-year period, will continue to help fund research work at Surrey University and leaflets to publicise the disease.BCWA sales and marketing director Philip Fowles says: &#34It is hugely encouraging for BCWA to be able to put […]

NPI launches two new commission options for lump sum investors

NPI is preparing itself for the predicted scramble for Peps by introducing two new commission options for lump sum investors.The first option offers enhanced initial commission of 5 per cent with renewal commission of 0.5 per cent, and the second offers initial commission of 3 per cent and enhanced renewal commission of 0.7 per cent.NPI […]

William Littlewood “betting that QE won’t work”

Journalist Alexis Xydias interviews Artemis manager William Littlewood about his views on bond, equity and currency markets and the impact of a Greek exit from the EU. With bond yields at “ludicrous” levels, William believes a tipping point for bond markets is sure to come. As a result, his Strategic Assets Fund holds government bond shorts to the tune of 100 per […]


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