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Treasury to announce N2 timetable in Spring

The Treasury is still hopeful of achieving N2 by next summer, despite media reports putting the date back to Autumn 2001. With consultation documents still awaiting responses, the Government proposes to announce a firm timetable in the spring.

N2 day marks the introduction of the Financial Services and Markets Act 2000, when the FSA is to receive its full legal powers.

Treasury economic secretary Melanie Johnson says “The target I set last July of N2 in about one year remains. It is still too early to be more precise on when the act will come into force. I plan to give a firm date during the Spring.”


C&G releases homebuyers survey

Cheltenham & Gloucester is launching a new homebuyers survey that is specifically designed to be simple to read, following customer criticism of wordy and confusing surveys. The &#39C&G Survey&#39 is an optional extra to the free standard mortgage valuation provided on all C&G mortgage applications. Customers will pay for the survey on a sliding scale, […]

Arbuthnot fund managers launches growth portfolio

Arbuthnot Fund Managers has launched a new International Growth Portfolio aimed at achieving above average growth in the medium to long term through investment in managed funds. The new fund offers three per cent commission and 0.5 per cent per annum renewal, with an extra 0.5 per cent initial commission on portfolios opened before December […]

AIG offers derivative-based funds

AIG Life is launching three new derivative based tracker funds. The funds track the European, American and Japanese indices and are available on AIG Life investment and pension products. All AIG’s trackers use derivatives through a combination of futures contracts and cash deposits. AIG says this means the fund will be exposed to the performance […]

The e-trading revolution

The year 2000 saw the dawn of the e-trading revolution for IFAs. New services emerged which over time will transform the way all IFAs do business. As life and pensions prov iders embrace these systems, they are able to cut their costs and pass on these benefits to IFAs in the form of higher commission […]


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