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Promotions still not up to scratch

An FSA report says promotions in the general insurance and sub-prime mortgage sectors are still not up to scratch and need to be improved but the number of investment promotions which fell below the regulatory standard has fallen from 52 per cent in 2004 to 32 per cent in 2006. The report evaluated nearly 1,000 financial promotions to assess progress across different sectors.

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Paternoster in deal with support firm

Paternoster, the closed life fund consolidator run by Mark Wood, has signed a letter of intent for Jardine Lloyd Thompson Benefit Solutions to act as its service partner for the long-term administration of pension policies and actuarial pricing support.

97% of investors vote to split Fidelity special sits

Fidelity has received resounding backing to split its special situations fund in two. A special meeting saw an unprecedented 88,000 or 36 per cent of unitholders take part in the voting process, with 97 per cent voting in favour of splitting the £6.5n fund in two. One fund will continue with the current mandate and […]

Duplicate keys

Rooftop Mortgages managing director Jonathan Naylor says the Government still aims to bring in home condition reports at some point despite its U-turn and the problem of Hip double costs remains while the real priority should be regulating estate agents

Coventry sets ERC example

Coventry Building Society says it expects other lenders to follow its example of axing early repayment charges from its sub-prime range. It has set up a suite of near-prime, light-adverse and extra-light adverse deals without an ERC, claiming to be the only top 20 lender to make the move. Head of intermediary sales Julie Jones […]

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