The FSA has appointed Hugh Stevenson, chairman of Equitas and of Merchants Trust, as a non-executive director to its board. He will be on the board from June 1 for a three-year term. Stevenson was previously chairman of Mercury Asset Management Group, and prior to that was SG Warburgs managing director.
Prime Minister Tony Blair recently announced a reverse gear change and wants to offer us a referendum on the European Union constitution. I am too old in the tooth to take this promise as anything but a political move. It is at times like this that your mind becomes more concentrated on the whole EU […]
Pink Home Loans has extended the expiry date on the buy-to-let mortgage funded by Royal Bank of Scotland.The loan, which allows the purchase of up to five properties, offers a rate of 4.79 per cent from June 1 with the £150 discount extended until August 1 2006.The total portfolio limit is £2.5m with no redemption […]
The FSA is changing its rules to require firms explicitly to warn endowment policyholders who have a high risk of shortfall of the date that their right to make a complaint about the sale of the policy expires. Endowment policyholders have three years to complain once they have received their first 'red letter' notifying them […]
Spouses could be forced to get written consent from their partners before buying single-life annuities under a rule change called for by the Equal Opportunities Commission and Age Concern. An EOC-sponsored amendment to the Pensions Bill was withdrawn by Labour MP Vera Baird last week after the Government said it would look at ways of […]
Alex Ralph, manager of the Artemis High Income Fund, talks about high-yield bonds in the US and Europe – and why she favours the latter.
- Top trends
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]