View more on these topics

Review of education strategy set for September

The FSA and Treasury are hammering out plans to implement their 8m consumer education programme across the UK.

A review of the Financial Capability Strategy will be published in September and will help inform development of the scheme as it goes into the implementation stage.

The programme was set up in 2003 to empower the public to take more control of their finances by providing them with education and generic advice.

But despite constituting an 8m chunk out of the FSA’s 2005/06 budget, the project is still in its formative phase and a coherent nationwide strategy has yet to be unveiled.

A number of pilot projects have been carried out with groups including Roehampton University and the Citizens Advice Bureaux.

Both the FSA and BBC have set up financial healthcheck facilities on their websites.

Central to the initiative is a survey designed to provide a comprehensive view of financial capability in the UK, the results of which will be published later this yearAn FSA spokeswoman says the review will finally set out a firm strategy which will build upon the work done so far, using feedback from the steering group of industry and consumer representatives.

But one source close to the initiative is concerned that the industry is not getting value for money. He says: “I do not think that this initiative has made much progress. A lot of money has been spent on this project and we need to start seeing results.”


Focus Solutions appoints new sales director for the north

Financial services provider of customer management solutions, Focus Solutions, has appointed Chris McGraw as director of Northern sales. McGraw will be responsible for generating new opportunities within Scotland and the North of England for Focus’ solution for the life and pensions market enabling e-trading across multiple distribution channels. His experience spans 25 years in sales […]

Shepherds to hold creditors meeting

Investment firm Shepherds (Financial) Limited, which ran an offshore viatical fund which invested 26m in collapsed American life office MBC, is holding a creditors meeting on August 9 to consider the appointment of a liquidator.

Room for optimists

Yields on investment in residential property have fallen consistently over the past five years – leading to claims that the sector is no longer attractive and announcements from some quarters that the buy-to-let market will collapse.

39,500 Seeking split-cap redress

The company set up to process split-cap compensation claims received 39,500 completed application forms by the July 18 deadline. Forms were distributed at the end of April by Fund Distribution, which expected to get around 50,000 applications. Fund commissioner Mike Ellis says the applications will now be assessed to determine eligibility for compensation. Investors suffering […]


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 advice.

    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