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Three firms suspended over PI cover

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.

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Bill Gates: Will appeal victory turn the tide for technology?

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 recruits John Charcol sales chief

LM Financial is recruiting former senior sales head at John Charcol&#39s 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&#39s new finance director and boasts over twenty years experience at director level in both the financial services industry and […]

Life office contracts are main cause for complaint

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 […]

New Star poaches Newton fund manager

Newton Higher Income fund manager Toby Thompson has been poached by New Star Asset Management.Thompson will managed New Star’s equity income fund, which is set for launch later this year.

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