The FSA has formed a team of nine internal staff to implement the recommendations made following its investigations into Northern Rock. It will be led by head of supervision for small mortgage firms and credit unions Mandy Spink.
I feel compelled to respond to the open letter to mortgage intermediaries printed in Money Marketing last week. Had it been two days earlier, I might have dismissed it as an April fool. It is difficult to argue against the actual words of the letter but the sentiment is very much misfounded. I would say […]
Stagecoach Group has become the first major employer to ditch its stakeholder scheme and use a group Sipp as its default option for employees.Hargreaves Lansdown will provide the group Sipp as the default for all new employees.The existing 10,500 Stagecoach staff currently in the firm’s stakeholder scheme or without provision will also be offered the […]
JC Flowers could walk away from a potential deal with Friends Provident before the end of the month deadline which has been imposed by the embattled life insurer.
Abbey has pulled the last 100 per cent mortgage deal from the market. A spokesman says: “This is normal given the current market conditions and is in line with recent moves by other lenders.”
With a 10 per cent return from his Global Income Fund in the first three months of 2015, Jacob de Tusch-Lec talks to journalist Alexis Xydias about the drivers and why he favours Europe and Asia over the US. Jacob believes European companies remain cheap and is still finding opportunities amid value stocks – in contrast […]
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Jupiter Asset Management is concerned markets could see further volatility in the latter part of 2018, while the strength of the dollar could also threaten global growth. Speaking at Jupiter Asset Management’s annual investment dinner last night, fund manager Ariel Bezalal said: “Our concern is that what we had in February with the shocking rise in […]
The Financial Ombudsman Service has confirmed it is dealing with just under 40 open cases against collapsed Sipp provider Lifetime Sipp. The Lifetime Sipp Company, which entered administration this month, was found to have links to unregulated investment schemes, and has now appointed Kingston Smith and Partners as its administrator. Lifetime Sipp has not disclosed why it […]
In August 2015, I made the mistake of checking my work emails late one Sunday evening. Instead of turning in for the night, I poured myself a fresh cup of coffee and turned my laptop on. The reason was an embargoed press release from the FCA announcing it was about to undertake a wholesale assessment […]