The Treasury has refused a freedom of information request from the IFA Defence Union to publish a recent letter from Tony Blair to its chairman, Sir Callum McCarthy, claiming it could damage the relationship between the regulator and Government. Mr Blair was responding to an angry letter from the FSA chairman criticising his comments in May that the regulator was seen as hugely inhibiting of efficient business.
This week Robert Watts, economics correspondent at The Sunday Telegraph
It is with increasing regularity that we are reminded of the importance to HM Revenue & Customs of the substance of tax planning arrangements as opposed to concentrating solely on the form.
Poor Charlie Ansdell at PR agency Polhill. After his great great great great grandad suffered the indignity of featuring as Napoleon’s assistant in last week’s Diary Ansdell has been inundated with anti-French emails. Ansdell insists he is not related to anyone on the French side but his great great great great grandad was Nelson’s assistant […]
Alliance & Leicester Mortgages introduces greater lending flexibility, moving away from traditional income multiples to assess how much a customer can borrow.Maximum loan amounts are now based on individual financial circumstances and brokers can confirm maximum loan amount for clients.This will particularly help those with higher disposable incomes and first time buyers.The move is supported […]
Natixis Global Asset Management’s quarterly Portfolio Barometer offers insights into UK financial advisers’ model portfolios and the allocation decisions they are making. Natixis’s Portfolio Research & Consulting Group works with financial advisers and other intermediaries to analyse and enhance their model portfolios and help them develop investor portfolios suited to today’s complex markets. The Portfolio […]
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The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]