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Treasury Select Committee to report on FSA this week

The Treasury Select Committee is due to publish its report on the Financial Services Authority entitled &#39Financial Services Regulation&#39 on Thursday this week.


The committee interviewed FSA chairman Howard Davies and Treasury economic secretary Patricia Hewitt in December last year.

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Standard Life Investments cuts charges on Pep fund

Standard Life Investments has slashed the annual management charge on its biggest Pep fund to meet Inland Revenue guidelines for Cat standards.SLI is cutting the annual management charge from 1.5 per cent to 1 per cent on its Global Advantage fund on February 28.The move by SLI represents the first of two Cat marked equity […]

NPI receives 6,300 ISA applications

NPI has received more than 6,300 ISA applications after mailing their 20,000 regular savings Pep holders on Friday January 15.Director of investment product development Jeremy Soutter says: &#34We are delighted with the number of conversions we have had in such a short period of time and are confident that a very high proportion of our […]

Phillips joins Scot Eq Asset Management

Friends Ivory & Sime fund manager Mark Phillips has joined Scottish Equitable Asset Management to become investment manager of UK managed funds. SEAMs head of European equities Peter Hadden has taken up the new position of international business development manger and has been replaced by Mark Peden.

Verso launches self-certification mortgage

Verso is launching a self certification mortgage which will allow borrowers to remortgage and raise up to £200,000 for their companies.The intermediary arm of Britannia Building Society is launching the Verso Self Cert Mortgage at 5.98 per cent fixed for either two or five years.If funds are being raised for business purposes a fixed-rate of […]

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