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Review starts tests for generic advice

The Thoresen review is to pilot generic financial advice in the North-west, London, Staffordshire and South Yorkshire from September 17. It will aim to provide non-regulated advice or guidance on tax and benefits, saving and retire-ment planning to 5,000 consumers on the phone, internet and face to face.

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Trap door

New rules are being proposed to deal with the issue of insurance contracts and disclosure

We need a review of misregulation

It seems that the Financial Ombudsman Service continues to fine advisers for shortfalls that are caused by regulatory-imposed projections, that is, that were imposed on the adviser and the provider by the regulator. The FSA may not now be continuing with this Lautro practice but the FOS still perpetuates this injustice. An example is the […]

Northern Rock shares plummet as it seeks Bank of England emergency funding

Northern Rock has issued a stock exchange announcement following the news that it has asked the Bank of England to provide it with emergency funding.Shares in the lender have plummeted by 24 per cent after the decision was confirmed last night.In the announcement, Northern Rock says that if the current market conditions remain until the […]

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