View more on these topics

PIA disciplines three firms

The PIA has taken disciplinary action against IFA Wood Tompson of 46 Ridgeway, Weston Favell, Northampton for pensions review failings and ordered it to appoint external consultants at its expense to assist in the completion of its review cases.

The firm has also been trading under the names Northampton Pensions Centre and Chiltern Pensions Centre.

Wood Tompson has failed to accurately identify its starting population, exclude cases from the starting population correctly and carry out the necessary corrective action.

The regulator has also suspended the investment business of IFA firms Park Lane Associates of Archdale, Fyston, Leicestershire and Roger Jay Financial Services of 31 Princess Drive, Sawston, Cambrige for failing to renew their Professional Indemnity Insurance cover.

The PIA has suspended 16 firms so far this year for not having PI cover.


Table turmoil as our research reveals charge/return reality

The FSA&#39s comparative tables were dealt yet another blow this week as newresearch conducted for Money Marketing revealed that lower-charging fundshave consistently produced lower returns.Figures compiled by investment selection service Shouts show that, onaverage, funds with annual charges of 1 per cent or less produce returns upto 30 per cent lower than funds with annual […]

BoE hedges out the competition

BoE International, the South African investment banking group, has introduced a fund of hedge funds that will initially invest in 12 hedge funds.The BoE International market neutral fund is an open-ended investment company based in the Isle of Man. It aims to provide high net worth investors with high returns and low volatility by investing […]

Life offices slam Opra on multi default funds

Life offices are claiming an oversight by Opra unwittingly hands somestakeholder prov-iders an “unfair advantage” and could open employers up tomisadvice liabilities. This week it is revealed that the regulator has allowed some providers tooffer more than one default fund on stakeholder schemes although manyproviders had believed they were only allowed to register one default […]

Mortgage medicine

Research by NOP for the ABI found that one person in five believe they canrely on the Government for financial support with their mortgage if theywere unable to work. What they did not realise was how long they would haveto wait. Whether buying a new home or remortgaging, borrowers whose loanscompleted on or after October […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm