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Name change for Investec value fund

Investec is changing the name of its UK value fund to UK special situations from March 3. The firm says the new name reflects the way the fund is run by Alastair Mundy and team.

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FSA fines GE Capital Bank £610,000 for PPI failings

The FSA has fined GE Capital Bank £610,000 for failing to have adequate systems and controls in place for selling payment protection insurance.This is the first firm that has been fined this year for PPI and a further four or five firms are expected to be fined in the next few months following the FSA’s […]

FSCS makes non-exec appointments

The Financial Services Compensation Scheme has appointed Tony Ashford and Rosalind Reston as non-executive directors.Ashford is currently chairman of the HSBC Pensions Trust and a non-executive director of AIB and the Jubilee Sailing Trust. Reston is a solicitor and recently retired partner at Lovells LLP.FSCS board chairman David Hall says: “Tony Ashford and Rosalind Reston […]

Nucleus signing up IFAs

Nucleus Financial Services has signed up its eighth IFA with Stockton firm WR Financial.The firm has five RIs and around 2,000 clients.Nucleus says it will sign three more IFAs in the next few weeks and another six to 10 in the first quarter.One of WR Financial’s consultants is using Transact but the firm is seeking […]

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DB transfer shouldn’t be all-or-nothing

By Steve Webb, director of policy In my recent discussions with advisers, a hot topic has been the growing number of people interested in transferring their defined benefit pension rights into a defined contribution pension scheme. With many pension schemes offering eye-watering transfer values, this is likely to be an area of increasing interest. Yet […]

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