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Online service provides data on splits

The Association of Investment Trusts has welcomed the launch of the Splitsonline Association, designed to promote transparency in the sector.

The internet service sponsored by Aberdeen Asset Management will provide daily statistics and analytics on split capital trusts to keep investors and advisers informed and updated.

Members of the Sola will consist of boards of directors of split capital trusts and their management groups.


Energy regulator McCarthy switches to be FSA chairman

The Treasury has appointed Callum McCarthy, currently the chairman of energy regulator Ofgem, as the next FSA chairman, replacing Howard Davies.Chancellor Gordon Brown ended speculation over who would replace Davies, who announced last December that he would be leaving the FSA in September this year to become director of the London School of Economics.McCarthy joins […]

Lenders &#39using brands to sell inferior cover&#39

High-street lenders have been accused of selling expensive and inferior term and critical-illness cover alongside their mortgage products.Protection broker Lifesearch says lenders rely on their well-known brand names to sell poor value products.Lifesearch claims products sold by lenders such as Halifax and Nationwide are more expensive than those available through IFAs. It says the products […]

ABI says chance missed to increase retirement provision

The £1.4m lifetime pension limit is at the heart of much industry criticism to the Pensions Green Paper.Life companies, industry bodies and IFAs have broadly welcomed the Inland Revenue&#39s proposals for simplification of the tax regime but have attacked the Depart-ment for Work and Pensions&#39 paper, saying it contains little to encourage new saving or […]

Ashley Law faces legal dispute

A group of seven former Ashley Law advisers are taking legal action against the IFA, alleging it did not fulfil its contractual obligations to its advisers.The national IFA is based in Leigh-on-Sea in Essex and operates a franchise network of 70 associate offices and 125 RIs.The dispute arose in 2001 over clawback on commission and […]


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