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.
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.
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.
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.
Almost two-thirds of asset managers are preparing for a hard Brexit, the Financial Times reports. Looking at fund houses that collectively manage $14tn (£12.2tn) of assets a survey found that 83 per cent have response plans for Brexit while 49 per cent have already put their plans into action. The survey, which comes from UK […]
The government is considering bringing in a “Care Isa” that would be exempt from inheritance tax as a way to combat the UK’s social care crisis. According to The Telegraph, the Treasury is considering proposals to include a new Care Isa in the social care green paper, which is expected to be published later this […]
Invesco Perpetual leads the latest edition of the infamous Spot the Dog report, which identifies underperforming equity funds, as the number of dogs hits a record high. In its bi-annual Spot the Dog report, Bestinvest names and shames funds that have underperformed their benchmarks for three consecutive years and by more than five per cent over […]