View more on these topics

PIA disciplines RJ Hurst and Partners

The Personal Investment Authority has taken disciplinary action against RJ Hurst and Partners of 131-133 New London Road, Chelmsford for pensions review failings.

The firm has been fined £15,000 and ordered to pay costs of £5,300 and received a reprimand. In addition, the firm was ordered to appoint external consultants to carry out certain aspects of the pensions review.

The firms failings included failure to carry out the Optional Streamlined Test and send Test mailings in accordance with PIA&#39s guidance, and implementing an adequate procedure for the continuing identification of recently deceased and retired investors.

Recommended

Single older women unlikely to go to IFAs

Single older women in the UK are far less likely to look for independent financial advice than younger women according to a survey carried out by RJ Temple. Only 11.9 per cent of women over 55 said they would go to an IFA if they needed advice compared with 44 per cent for women between […]

Scottish Friendly Assurance with profits bond stays at six per cent

Scottish Friendly Assurance is launching its growth and security with profits bond for 2001 with a bonus rate of 6 per cent, guaranteed until January 2002. This is the same bonus rate which applied to the bond in 2000. With a minimum initial investment of £3,000, single investments over £10,000 in the bond receive an […]

Equitable policyholders asked to accept lower payments

The FSA is hoping Equitable Life policyholders will be prepared to accept lower payouts in an attempt to make the troubled insurer more appealing to potential purchasers, according to the Sunday Times. Mellon Financial Corporation, a large American group, and Dutch insurer Aegon are both thought to have an interest in purchasing Equitable, but an […]

Changing lifestyle for Axa

Axa Sun Life is introducing a global high income fund, which invests in corporate bonds. Although this open-ended investment company (Oeic) invests in corporate bonds on a global scale, it will mainly consist of European corporate bonds. The European corporate bond market is fairly new compared to the US market and is an area that […]

Iain Chadwick

The Budget 2015: a brief overview

Following George Osborne’s delivery of his sixth Budget as chancellor and the last of this current parliament, we have provided a brief overview of the initiatives put forward in his statement, focusing on the topics that have an impact upon the pensions landscape, savings, personal taxation and businesses.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment