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Sir Anthony Holland reappointed as complaints commissioner

Sir Anthony Holland has been reappointed as the independent complaints commissioner for the FSA for a second term, beginning on 3 September.

Operating independently, the complaints commissioner is responsible for investigating complaints against the FSA, and plays a key role in ensuring the FSA’s accountability under the Financial Services and Markets Act.

Holland is also chairman of The Standards Board for England and a member of the board of the Pension Protection Fund.

He is a former president of The Law Society, a former principal ombudsman to the Personal Investment Authority and former chairman of the Northern Ireland Parades Commission.

FSA chairman Callum McCarthy says: “Sir Anthony’s experience and ability, both inside and outside the financial sector, along with his legal background means he brings specific expertise to the role of independent complaints commissioner.

“Sir Anthony has ensured that the role plays a key part in ensuring the FSA’s accountability and that his office has maintained and will continue to maintain its independence and integrity.”


Arc building on wealth with Throgmorton buy

Arc Fund Management has bought IFA Throgmorton Asset Management in a deal potentially worth £1.6m.The acquisition is Arc’s first step into a wealth management division.Throgmorton has around £150m of fund assets under advice and earned £210,000 on turnover of £1.57m for 2006. It was founded in 2002 to offer advice to small businesses and high-net-worth […]

F&C launches a diversified growth fund

F&C is launching a diversified growth fund which it says aims to address the lack of portfolio diversification across pension schemes.F&C says the fund will offer an alternative to the balanced pooled platforms currently available in the UK market place.The F&C diversified growth fund has a 50 per cent exposure to alternative assets. F&C says […]

Remortgaging bolsters lending

July’s gross mortgage lending reached £21.3bn, 12 per cent higher than the same time last year according to the British Bankers’ Association. The BBA says the strength of lending figure reflects higher levels of remortgaging activity.

Fact-find not needed for generalities

I think Filip Slipaczek’s letter is really quite silly. Of course, one can give generic advice without having to have a full fact-find because otherwise someone trying you out on the phone to see whether or not they might like to become a client will have no idea what knowledge one has. It is absurd […]


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