View more on these topics

Review load is doubled at Burns Anderson

Burns Anderson has been forced by the PIA to double the number of pension misselling cases it must review after it was found that the network had left out 509 non-priority cases.

Latest Treasury figures reveal that the 200-member network has 922 cases to review, with just 15 per cent dealt with.

Last month, the figures showed that Burns Anderson had 413 cases and had cleared up 26 per cent.

Compliance director Ian May says the network excluded the 509 cases because they are non-priority but, following a visit from the PIA, it has been forced to reconsider.

May says: "The cases are non-priority but we went to them all saying that if you would like a review, let us know."

The PIA does not impose deadlines on companies for dealing with non-priority cases but they are included in the Treasury&#39s figures.


Pru venture capital arm touted as Cunard buyer

Prudential&#39s venture capital arm PPM Ventures is staying tightlipped over reports that it is negotiating to buy the cruise liner company Cunard. PPM Ventures, which specialises in management buyouts of unquoted companies, is rumoured to be looking to buy the company which has been losing money since its owner Trafalgar House was taken over by […]

Sound foundation for the property market

It was all going so well. According to Nationwide, house prices rose by over 12 per cent last year, with transactions up by 17 per cent to 1.44 million from 1.24 million in 1996. Although the market was not exactly back to the boom time of the 80s, at least it was getting back to […]

Fund managers dip toes back into the equity pool

A month ago, fund managers were being heavily criticised for their defensive positions in holding high cash levels and missing out on the huge gains enjoyed by UK and US equities. Managed funds have generally underperformed tracker funds and the major indices over the last year. Analysts have pondered how long some funds could continue […]

Winterthur reissues protected pension vehicle

Winterthur Life is rolling out the second tranche of its stockmarket pension fund which gives equity-linked growth with security. The fund is linked to the FTSE 100 index for five years and is available to all pension investors. Winterthur believes the fund is particularly suitable for self-invested personal pensions and small self-administered schemes. It guarantees […]

Trusts and Taxations

Take a look at the trusts and trustee taxation video – The definition and classification of trusts. Once you’ve viewed the boxset, visit our Test Centre to test your learning and get your CPD certificate. View here


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and thought leadership.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm