View more on these topics

PIA terminates IFA&#39s membership


The PIA has terminated the membership of Preston IFA, CAC Financial Services.


The regulator has removed the firm&#39s authorised to conduct investment business.


It has also suspended Ian Ward trading as Bucward Independent Financial Advisers based in 6 Rivian Avenue, NW4, London from carrying out investment business.


The PIA had previously issued an intervention notice PIA after it appeared that the firm&#39s principal obtained membership by deception

Recommended

CBI reports growth in market confidence

The financial services sector saw a significant increase in confidence at the start of 1999 with 50 per cent seeing an increase in volumes of business.The CBI/PricewaterhouseCoopers quarterly survey of the sector shows the industry shaking off fears of a major slowdown.But not all firms are confident. Just over a fifth of those surveyed saw […]

CML says mortgage rate has bottomed out

The Council of Mortgage Lenders is predicting that the mortgage rates will not be cut for several months.The CML says that very few lenders will be able to pass on the benefits of the cut to their borrowers because they have already squeezed margins to breaking point.Mortgage rates are at their lowest rates for nearly […]

Norwich Union warns Japanese investments aren&#39t for faint hearted

Norwich Union has warned investors thinking of putting money into Japan that it is not for the faint hearted.The Nikkei has seen a reversal in its fortunes this year following a decade-long decline. Growth is currently double that of the UK and US stocks markets.But Norwich Union investment strategist Mike Grimble warns that only investors […]

NPI members to get £300 fixed payment

Qualifying policyholders at NPI are set to receive a fixed cash payment of £300 each if they vote for demutualisation and the AMP takeover.The fixed sum is compensation for the loss of voting rights.Qualifying members will also receive a variable cash payment based on size and type of policy held and the length of time […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment