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Stockbroker fined over data controls

The FSA has fined Merchant Securities Group £77,000 for data security failings and not adequately protecting customers from the risk of identity fraud. This is the first time the FSA has fined a stockbroking firm for weak data security controls.

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ABI lobbies Lords to back amendment

The Association of British Insurers is urging the House of Lords to support amendments to the Pensions Bill to ensure existing schemes are not forced to accommodate personal accounts’ more limited earnings’ band.

Ex-Edeus director joins Premier

Premier Mortgage Service has appointed former Edeus commercial director Martin Reynolds as corporate manager. He will initially work on a short-term contract and his remit will include developing new income streams for PMS.

Moratorium extended on genetic test results

The Association of British Insurers has extended until 2014 the moratorium enabling consumers to take out substantial amounts of insurance without having to disclose adverse res-ults of predictive genetic tests.

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