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Newton’s theory

Newton head of corporate affairs Jamie Brookes is concerned that Money Marketing hacks may not quite have got the hang of the firm’s model glider freebie which came with the catchy logo: “Newton income funds with less drag.”

In response to the Diary expressing concern over the glider’s inability to reach for the skies, Brookes responds: “Dear Money Marketing Diary, in response to the article of last week which contended that our model gliders circulated with your esteemed publication had ‘no aerodynamic ability’, we respectfully suggest that, like managing investments, it is all in the technique.

“The video evidence is recorded at www.newton. Of course, perhaps your readers can do better.”


Shopping list

Investment advice Compliance expert Adam Samuel assesses the findings of the FSA’s mystery shopping which revealed deep problems

Killer commission

Indemnity payments will bring about the end of the IFA species

Visa debit clients can get full refund

Farepak customers who paid the firm using a Visa debit card can get a full refund of lost savings by asking their bank to start a Visa chargeback against Farepak’s bank as a refund for services not received, thanks to a loophole exposed by

Lenders are arrogant over payment cover, claims Carr

Lifesearch head of protection strategy Kevin Carr has accused the mortgage industry of “arrogance” over payment protection insurance. He claims that lenders have washed their hands of responsibility after the Council of Mortgage Lenders expressed its surprise last month that MPPI was referred to the Competition Commission along with the rest of the PPI market. […]


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