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PIA fines IFA Eurosure Investment Services for compliance and pension review failings

The PIA has hit IFA Eurosure Investment Services of 35 Market Place, Boston, Lincolnshire with a £10,000 fine for compliance and pensions review failings.

Following visits from the regulator in 1997 and 1998, it emerged the firm had failed in a number of areas including not accumulating sufficient information to establish the competence of its appointed representatives or investment staff and not demonstrated its transactions were suitable for investors&#39 needs.

It also did not provide adequate training to its supervisors and did not carry out a full review of all its business falling under the scope of the pension review.


Newcastle capital safe bond closes on Friday

Investors have just three more days to invest in Newcastle Building Society’s Capital Safe Bond.The Bond, which closes on Friday, offers a 100 per cent capital guarantee over the three year life of the investment. Returns are linked to the FTSE 100, Eurostoxx 50 and Nikkei 225 indices, with investors receiving 85 per cent of […]

Outside edge

With stakeholder pensions apparently faltering, there is talk of possible compulsion or changes to the price cap.A number of providers have recently called for the price cap to move to a 1.5 per cent annual management charge, closer, it is claimed, to the level of charges in other countries. Recent comments suggest the Government is […]

Stakeholder just the beginning

I was interested to read Douglas Jones&#39 stakeholder article (Money Marketing November 8) which highlights the new opportunities for IFAs to write stakeholder business with non-earners. But I think it misses the point.The problem is that there is very little money in stakeholder for IFAs, so why would anyone want to chase up non-earning partners […]

Prepared for the take-off?

The DeAnne Julius report into banking recommended that mortgage brokers claim co-ownership of the mortgage code through the creation of a trade association. With two prospective trade bodies struggling to get off the ground, do you think brokers feel there is a need for one?Anthony Richardson: I think most mortgage brokers would like to see […]

US loan growth is not painting a pretty picture for the US economy

Written by Mike Riddell One of the current big debates in global financial markets is whether investors should believe ‘hard’ rather than ‘soft’ data, where the usually reliable business and consumer surveys have been suggesting strengthening in global growth momentum for some time now, while the economic data that feeds through into the Gross Domestic […]


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