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PIA suspends IFA over resource rules

IFA Jacobs Insurance Brokers of Cavendish House, Cavendish Road, Highams Park, London, has been ordered by the PIA to cease conducting and soliciting investment business because it cannot meet the regulator&#39s financial resources requirements. It is the eighth firm the PIA has suspended this year because it can no longer meet the requirements and the 53rd firm to be the subject of disciplinary action by the PIA.

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Julian Gibbs

High-income products have come under increasing scrutiny following warnings from the FSA over the true levels of risk and high-profile examples of products falling through their protection barriers early in the term. The FSA is to be applauded for its stance. The attitude towards risk is one of the first questions that needs to be […]

Polar bears need to cool the climate for a clear view

The continuing bear market must be the biggest risk facing financial services firms but political and regulatory risk comes a close second and this supposedly under a business-friendly Government. To make matters worse, the bull market – fading into folk lore – provided a false comfort zone which has masked some of the problems faced […]

IFAs advising investors not to panic

IFAs are advising clients not to panic despite the uncertainty that surrounds the financial world as the New York Stock Exchange remains closed, possibly until Monday.Firms are expecting a rush of calls as investors&#39 attention turns from the enormity of the event in the US to the safety of their own investments.IFAs have been advising […]

Henderson widens fixed interest with income Isa

Henderson is extending its institutional fixed-interest expertise to the retail market with a new Isa and Pep transfer wrapper to be launched next week. The Henderson managed income Isa/Pep will open on September 19 and will bring together a portfolio of the fund manager&#39s best-performing institutional corporate and high-yield bond funds. Although the wrapper will […]

Neptune Global Income: Is Japan the best dividend market in the world?

By George Boyd-Bowman, Fund Manager at Neptune The Neptune Global Income Fund seeks exposure to the very best – and often overlooked – income opportunities from across the world. Unconstrained by benchmarks, the fund currently has 24 per cent invested in Japan, differentiating the high conviction portfolio from many of its peers. Watch Neptune Fund […]

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