The PIA has suspended three IFA firms for failing to renew their PI insurance cover. Blenheim Financial Services of Church Farm, Coates, Cirencester, Gloucestershire; Fernside Financial Services of Feltham Road, Ashford, Middlesex and R&W Financial Services of Main Street, Shildon, County Durham have had investment business suspended pending their renewal of PI cover.
M&G is predicting a rosier outlook for technology funds, after a US appeal court overturned a decision which could have led to the break-up of Microsoft last week.Global technology fund manager Greg Kerr says: “This is good news for the company in that it lifts the cloud of uncertainty which has been weighing on it […]
LM Financial is recruiting former senior sales head at John Charcol's Holborn head office as its regional sales director for the South of England Dale Pilkington. Pilkington joins two other recent appointments, Chris Hervey is Lamensdorf's new finance director and boasts over twenty years experience at director level in both the financial services industry and […]
Pensions advisory service Opas has attacked life office contract terms and charges as the main sources of complaints to its helpline.In its annual review of cases for 2000/01, Opas says “scandalous practices of ill-defined contract terms and hidden charges” were the main areas of complaints. It hopes that stakeholder will help to ensure this becomes […]
Newton Higher Income fund manager Toby Thompson has been poached by New Star Asset Management.Thompson will managed New Stars equity income fund, which is set for launch later this year.
Dr. Andrew Lo, Founder and Chief Investment Strategist at AlphaSimplex, discusses why it is difficult to keep a long-term perspective in short-term markets.
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As someone training to be a cricket umpire, fair play matters to Fortitude Financial Planning director Chris Bowmer. Doing the right thing for clients is something he has adhered to from the start of his career, even in a 1980s sales environment with nothing to gain by delving beyond a client’s surface requirements. While he acknowledges […]
Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]