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Small IFAs under fire for pension review delays

Small IFAs are under fire from the FSA for lagging behind in completing Phase 2 Pensions Review cases. While the regulator says good progress has been made, but with just under a year to the completion deadline, it&#39s claimed some smaller firms are slipping behind. The FSA&#39s quarterly update shows two thirds of consumers in phase 2 of the review have had their cases completed and £3.3bn in redress has been paid.

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Compensation scheme finalised

The final rules for the Financial Services Compensation Scheme, due to come into effect on December 1, have been finalised. IFAs will have their own category, which will not include the cost of redress for the pension review. If an IFA firm goes into default, the rest of the IFAs will share the cost of […]

FSCS rules finalised

The final rules for the Financial Services Compensation Scheme due to come into effect on December 1, 2001 have been finalised. The new single scheme will replace the eight existing schemes including the Investors Compensation Scheme. IFAs will have their own category, which will not include the cost of redress for the pensions review. Anytime […]

IFonline sets up single solution for lenders

Electronic trading platform IFonline is setting up a data management system which it claims will dramatically ease the compliance burden of lenders after mortgage regulation comes into force next year. It says the system, which is due to be launched in late October, is designed to give greater control to lenders which are concerned that […]

&#39Small firms lagging on review&#39

Small IFAs are under fire from the FSA for lagging behind in completing phase two pension review cases. It says good progress has been made but, with just under a year to the deadline, some smaller firms are slipping behind. The FSA&#39s quarterly update shows two-thirds of consumers have had their cases completed and £3.3bn […]

India budget and the liquidity supercycle

Kunal Desai, manager of the Neptune India Fund, comments on how India’s 2017 budget will impact the Indian economy and equity market. Read article here: Important Information – for Investment Professionals only. Not for Retail Clients.Investment risksThe Neptune India Fund may have a high volatility rating and past performance is not a guide to future […]

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