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PIA expels Essex broker

The PIA has expelled an Essex broker for a number of compliance failures revealed after a monitoring visit. The PIA says Ingatestone Mortgage Shop of High Street, Ingatestone failed to organise and control its internal affairs and did not keep proper records.

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IFAA and SLOC unite in promotion bid

The IFA Association and direct-sales life office Sun Life of Canada are seeking to fight back against execution-only companies by promoting financial advice. IFA Association chief executive Garry Heath is aiming to bring in intermediary organisations such as IFA Promotion to join a new discussion group or forum to consider how best to promote financial […]

Institute of Actuaries calls for shake-up of with-profits guides

The Institute of Actuaries is demanding that the PIA revamps with-profits guides, claiming that current bonus rules are flawed and misleading. The PIA and the institute held a meeting on February 12 to discuss changes to with-profits guides. The institute also wrote a letter to the PIA urging it to review its guidelines, which have […]

Johnson Fry goes global with a safety strategy

Johnson Fry is the latest provider to introduce a global unit trust to the UK investment market. It is designed to provide exposure to international markets and to reap the potentially high returns. The global growth unit trust is aimed at investors who want to diversify their equity portfolios. The trust aims to benefit from […]

Company to offer leads for mortgages

A new lead-generation and mortgage marketing company called The Mortgage Guild is to be launched in the spring. The company is being set up by chief executive Chris Scales who worked as a consultant on the launch of Mortgage Intelligence in 1996. The Mortgage Guild claims it will generate leads, market mortgages and act as […]

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