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Trade bodies can get FSA guidance

The FSA’s new framework for recognising industry guidance came into effect this week in a step towards principle-based regulation. Trade associations, professional bodies and firms can seek formal confirmation for their guidance to help their members understand and meet the FSA’s regulatory requirements.

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Lawrence House boosts quality

Multi-manager Lawrence House is focusing its cautious managed fund on equity income funds and fixed-interest funds that invest in higher-quality bonds, including gilts and index-linked gilts.

Quest for quality

Unity is needed to produce qualifications that are recognised industrywide

Pension deficits improve despite market falls

Pension scheme deficits have improved during August despite the market volatility over recent weeks according to Aon Consulting.Rising bond yields and favourable investment returns have ensured that pension schemes are still better off over the course of the month according to Aon. Over the month of August 2007, the largest 200 UK pension funds’ aggregate deficit […]

Advisers say independence is down to product range, not remuneration

Ninety-four per cent of advisers believe that independence should not be determined solely by the way they are remunerated, as proposed in the retail distribution review, according to Skandia.The company surveyed 158 advisers and found only 7 per cent believe remuneration is the most important factor determining independence. Sixty-one per cent say the product range […]

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