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New Star hits back at FSA claim

New Star is reportedly threatening to sue the FSA for defamation after a newspaper quoted an FSA press spokesman saying the 21 firms embroiled in the split-cap debacle had “ripped off consumers”. New Star is understood to have exchanged letters with FSA, which argues that it has not named any of the firms or passed comment on any them individually or collectively.


Independent view

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 […]

FSA denies the number&#39s up for smaller brokers

Small mortgage and general insurance intermediaries have been given a veiled warning to concentrate on customer services or they will not get authorisation from the FSA. Sarah Wilson, director of the FSA&#39s high-street firms division, admits that regulation poses an issue for advisers but says there is no agenda by the regulator to force them […]

FTBs landing in debt as they overlook costs

First-time buyers are failing to budget for additional costs when buying a home, says Yorkshire Bank. Research by the bank reveals that more than one in three FTBs overlooked costs such as legal fees, arrangement fees and survey charges. As a result, many are having to consider personal loans in addition to their mortgages. On […]

Express delivery

At the time of going to press, Money Marketing had not been handed back its Headline Money Team of the Year award. Avid Diary readers may remember last week that Esther Shaw, a young up and coming personal finance reporter for The Express – until she crossed the Diary, that is – took the award […]

What exactly is product innovation?

By Fiona Tait, Pensions Specialist Ros Altmann reportedly hoped for more product innovation following pension freedom¹ and, according to one poll, 66 per cent of advisers also believe that providers should be doing more². This article considers whether there is a real client need for new products, or whether we should be focusing our attention on efficient delivery […]


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