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N2 put back again

The date the FSA will receive its full authority was pushed back once again last week as Treasury economic secretary Melanie Johnson announced N2 will not occur until at least the end of November.

Johnson also confirmed that mortgage regulation will go live nine months after N2 in August 2002.

The legislative process of the Act giving the FSA its powers came one step closer to its conclusion as the scope of the regulator&#39s activities was defined in a parliamentary committee debate.


VCT sees healthy future for unquoted firms

Fund manager Matrix Securities is encouraging investors to look at opportunities in unquoted health sector companies with the launch of its Sitka Health venture capital trust. It believes this sector will provide the investment success stories of tomorrow because of changing demographics, lifestyle, industry trends and scientific innovation which are all contributing to growth. Matrix […]

Friends Provident – e-Ifa Protection

Wednesday, 21st March 2001.Type: Term assurance.Minimum sum assured/premium: None/£6 a month.Minimum-maximum term: 5 years-30 years or age 65 if sooner.Charges: None.Commission: Initial 10 per cent.Tel: 01722 311122. 

NDF & CSFB team up for triple Tessa Isa

NDF Administration has joined forces with investment bank Credit Suisse First Boston to introduce Tessa triple plus, an individual savings account (Isa) aimed at investors with maturing tax exempt special savings accounts (Tessas).There are three different investment periods open to investors and before the closing date of each period, eight per cent a year is […]

Lincoln Unit Trust Managers launches corporate bond fund

Lincoln Unit Trust Managers is launching its first corporate bond fund to be managed by Goldman Sachs Asset Management. The product is designed to provide investors with regular income but also offers the option of re-investing for growth. Until April 30 the fund has an introductory initial charge of just 0.25 per cent compared with […]


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