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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


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 […]


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