The Treasury has turned down a freedom of inform-ation request by the IFA Defence Union to disclose the legal advice which prompted Chancellor Gordon Brown to declare the 1999 Financial Services and Markets Bill is compatible with the Human Rights Act 1998. The Treasury said public disclosure is not in the public interest as it would hamper Government decision-making.
It’s sub-prime time again as an FSA probe claims to show compliance shortcomings by brokers. Nicola York investigates the controversy-hit sector
I happen to be very glad that our consultants have enjoyed their holidays as already it looks like it is shaping up to be a very busy autumn. The sheer number of positions available is encouraging and anyone whose career is in a rut should shop around to enhance their prospects. In addition, there is […]
Cofunds has passed the 5bn mark in assets under administration, representing a 40 per cent increase in assets on the platform in the first 8 months of the year. The platform started 2005 with 3.5bn and its life and pensions tie-up with Legal & General is set to go live towards the end of the […]
Citizens Advice is calling on the Office of Fair Trading to launch an investigation into payment protection insurance, which it says is at best bad value and at worst missold to vulnerable people. Citizens Advice is making a super compaint, which means legally, the OFT has to respond within 90 days.
Ryan Medlock, Investment Proposition Manager, Royal London Royal London Asset Management’s (RLAM) new head of multi-asset is officially up and running. I want to look at what expertise Trevor brings to the table and how this affects the Governed Portfolios (GPs) and Governed Retirement Income Portfolios (GRIPs). Trevor Greetham joined RLAM in April 2015 from […]
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The Financial Services Compensation Scheme has declared self-invested personal pension operators Stadia Trustees, Brooklands Trustees and Montpelier Pension Administration Services in default. The lifeboat fund has received around 150 claims for compensation relating to the three businesses. Those claims relate to how the businesses set up, operated and administered Sipps through which people invested in […]
The Department for Work and Pensions has confirmed it will not change the pensions triple lock and will explore bolstering the powers of The Pensions Regulator in the forthcoming legislative period. The DWP published its “single departmental plan” yesterday, which sets out five objectives it is working towards over the next four years. It has […]
Sam Seaton talks about how her interest in people affects her approach to technology