The FSA has cancelled the permissions of mortgage broker Julian Paul Cheetham, trading as one-mortgage.net, due to unpaid fees and levies of £1,137. In a final notice published yesterday, the regulator said it had “repeatedly” asked Cheetham to pay the fees. The notice says: “This failing, which is significant in the context of Julian Cheetham’s […]
Fitch says it will downgrade the US from AAA to B+ if it does not increase the maximum amount it can borrow by August 2 and fails to make its first debt repayment after that date. The US hit its so-called debt ceiling again earlier this year, but without raising it according to normal policy. […]
The FSA is unlikely to relent on banning cash rebates on platforms despite widespread industry opposition, according to the Tax Incentivised Savings Association. The regulator proposed the ban last November in its discussion paper on the platform market after initially suggesting that rebates between fund managers and platforms should be banned. TISA director of policy […]
A major feature of our articles is looking into the Jelf Employee Benefits crystal ball to predict changes and trends that may influence the short and medium term shape of UK employee benefits. By flagging such changes early we aim to provide our followers with the tools to make sensible and informed decisions on their benefits offerings.
The rise of ethical funds and sustainable investment brings into question just how broad and subjective the space can be One of 2018’s most-used buzzwords in investment has been “ethical”. The rise in popularity of environmental, social and governance investing has been widespread, and in 2017 more than £1bn of net retail money flowed into […]
The Personal Investment Management and Financial Advice Association has published an updated version of its Mifid II feedback template and guide. Both documents jointly authored with the Tax Incentivised Savings Association were originally issued for industry comment in June 2018. The updated template and guide reflect the feedback received from Pimfa’s product governance and template testing working groups. […]
Legal and General Assurance Society has apologised to a client for making repeated mistakes in the information it gave about the amount of tax free cash he could take. In a ruling from The Financial Ombudsman Service, Mr M complains L&G’s errors resulted in the need for him to return funds and caused him “significant trouble” and […]