FSA handbook to be rewrittenThe Treasury review of the Financial Services and Markets Act 2000 will lead to a rewriting of the FSA handbook. The FSA will reduce the size of the handbook while retaining consumer safeguards. It will also issue around 10 guides in the next year. The FSA handbook website is also being […]
Those crazy guys at mortgage packager Bananas are living up to their name bathing in baked beans to raise money for charity. Compliance manager Eddie Parsons had 50 industrial-size cans of beans tipped over his head, raising £250 for Children in Need. The Diary is convinced that compliance has an inherent predilection for torture.
Schroders has made its institutional recovery fund available to retail investors in the UK. The Schroder recovery fund, formerly the Schroder institutional recovery fund, invests in companies which have suffered a setback and their valuations will reflect this. A setback could mean they are out of fashion with the market or profitability has fallen. However, […]
Graeme Ballantyne, business consultancy manager, looks at how you can maximise the opportunities through your professional connections As we move through the summer months it’s perhaps a good time to pause and reflect on whether the plans you’ve made for your business are bearing fruit. One area we at PruConsulting know many advisers have been […]
As we hurtle towards the new year, it is worth remembering much of the so-called client-centricity discussed is, in fact, little more than process that will not determine whether you win, lose or draw. Sure, a process needs to be reliable, cost-efficient and to point the right service at the right people. But it is […]
The Association of Member Nominated Trustees and the UK Sustainable Investment Association have urged pension funds to keep an eye on whether their investment consultants’ sustainable investment advice lives up to the minimum service requirements under regulation. The AMNT and UKSIF says consultants should meet minimum requirements as soon as possible so as not to […]