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Resolve offers review reassurance

Consultants and actuaries The Resolve Partnership is setting up a specialist decommissioning service this week to help IFAs preparing to enter the final leg of their pension misselling reviews.

The service aims to provide an independent analysis of a firm&#39s review and work with in-house staff and advisers to ensure it meets the FSA&#39s stringent requirements ahead of the June 2002 deadline.

The service is designed to provide comprehensive auditing, thoroughly examining the processes used to ensure that all customers, past and present, receive sufficient redress.

Resolve&#39s team includes Olawale Opayinka, former senior monitoring officer on the FSA&#39s Loss and Redress Monitoring team.

The company says even if a firm has employed satisfactory processes, anxiety to meet the deadline may jeopardise the quality of redress calculations.

Resolve assesses past calculations while examining the processes currently used to ensure all customers receive appropriate redress.

Director Keith Williams says: “Firms should already be well advanced with their plans to close their reviews. If not, they risk having insufficient resources to bring reviews to a satisfactory conclusion.”


Govt should fund advice service, says thinktank

The Government or the industry should create and fund a generic advice service catering for those who cannot afford financial adv-ice, claims a report by new consumer thinktank the Consumer Policy Institute.The report, Where Next for Financial Advice?, conducted by FSA consumer panel member Jane Vass, says there is a need to provide advice to […]

IFonline hands Abbey stake to ensure loyalty

Abbey National is believed to have been handed a free 10 per cent stake in IFonline in a deal which commits the lender to an exclusive contract with the mortgage platform.Industry sources say that Abbey – which had vowed to concentrate its efforts on developing its own broker website – has been given the stake […]

Omam set to offer UK mid-250 fund

Old Mutual Asset Managers is planning to offer a new UK mid-250 fund in February.The fund will combine the skills of small-cap star Ashton Bradbury and newly recruited UK growth manager Richard Moore, who joined Omam from Singer & Friedlander at the end of last month.It will invest in a tight portfolio of around 50 […]

Skipton Building Society – 1 Year Fixed Rate Bond

Tuesday, October 23, 2001.Type: High interest account.Minimum-maximum investment: £3,000-£10,000.Interest rates: 4.85 per cent.Term: Until November 30, 2002.Offer period: Until further notice.Withdrawal penalties: No withdrawals permitted during term.Tel: 0800 446776.


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