Aifa has launched a working group to draw up the trade body’s response to the FSA’s review of retail distribution.Aifa director general Chris Cummings says members should not underestimate the importance of the review and the recommendations it could make.Former Tenet Group chairman Barry Kayes will chair the group.Cummings says: “It is essential that our […]
Focus has extended its contract with HSBC Bank to provide its software consultancy and development services. The initial contract was due to be worth 850,000 as announced on August 4, but has now grown by a further 430,000 with the additional amount due to be paid this month. The HSBC deal is now generating over […]
Click link to view full video Portfolio manager Aziz Hamzaogullari talks about the unique style he brings to growth investing, shares examples of companies that meet his growth criteria and explains the importance of fundamental research in a concentrated fund.
The Organisation for Economic Co-operation and Development claims behavioural biases and low levels of financial knowledge are undermining people’s ability to make appropriate decisions for their retirement. The OECD’s Pensions Outlook 2018 says automatic features, default options and simple information and choice could combat the lack of financial literacy. The OECD’s view is that automatic enrolment […]
Aviva should pay £500 compensation for the way it handled an investment query that caused stress to a daughter who took power of attorney for her mother. In the Financial Ombudsman Service ruling, Miss S has power of attorney for her mother and complains Aviva delayed providing information about a bond. She goes onto argue […]
Advice is becoming a more risky business, meaning firms must rethink their approach to the issues they face Given the Financial Ombudsman Service’s compensation limit is set to rise to £350,000, it is time for advice firms to rethink their approach to the risks they now face. The FCA’s plan is for the new limit […]