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Regulator fines Courtover 20,000

The FSA has fined Courtover Investment Management 20,000 for approving a misleading financial promotion with the headline, Invest abroad and receive a 20 per cent return. The promotion was for a the issue of unlisted shares in a separate property investment company, Overseas Property Investments.

While OPI is unregulated by the FSA, it sought approval of the promotion from approved CIM, under FSA rules. The FSA says the promotion failed to disclose the significant risks associated with investing in the shares.


Pru could start claim fightback

The article on endowment-chasers in the April 28 issue of Money Marketing must have brought much satisfaction to honest and reputable IFAs who have had the misfortune to have dealt with claims’ companies.

Muslim money

A few financial services firms are finally turning to offering products suitable for Muslims.

Moneyfacts awards Bank of Scotland Intl instant access account

Bank of Scotland International wins the award for best offshore no notice account provider for its instant access savings account from Moneyfacts.The account was praised for its blend of rate allied to ease of access, which include 24 hour telephone banking and online facilities. The account is part of a multi-currency portfolio of accounts covering […]


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