View more on these topics

The FSA bans 11 firms in latest RMAR failure

The FSA has barred eleven small firms for failing to submit their Retail Mediation Activity Reports, despite repeated requests.

The firms failed to submit their reports for the period ended 1 October 2005 and have ignored a series of warnings since then.
They also breached Principles 6 and 11 of the Financial Services and Markets Act, which requires authorised firms to conduct business in compliance with proper standards and cooperate with the FSA.
The banned firms are:
Edward Harding trading as Bond Services; Donald Whiteford trading as Equity Finance; Ka & Ap Raine trading as Dragon Motors; Keith Robert Anderson trading as Moira Autocentre; Paul James Mundy trading as Paul Mundy Mortgages; Premier Insurance; Reece Associates; Roundbush Body and Paint; RS Cars (RG); The Money Management Centre; and Wtr Car Sales.
The FSA banned nine small firms, including two IFAs, in March – the first enforcement action for failure to comply with the RMAR regime.


The test of term

The introduction of PTA prompts a mystery shopping exercise

Standard after the landslide

Standard Life’s policyholders have voted for the company to demutualise – a not unexpected outcome – although the extent of victory at 98 per cent of those voting is remarkable.

Half of FTSE 250 companies could pay off UK pension deficits within 3 years

A quarter of FTSE 250 companies could pay off their UK pension deficit within a year according to a study by KPMG.The research of 105 FTSE 250 companies also found that 49 per cent could pay off their pension deficits in three years from purely discretionary cash flow. But 28 per cent of the companies […]

Life cover for life

When someone mentions whole of life plans, most people will think of a niche product that serves as an inheritance tax planning tool for high-net-worth clients. And it’s really not surprising they’ve been pigeonholed in that waybecause before the arrival of RDR in 2013, that’s more or less exactly what they were. For advisers thinking […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm