A regulator for claim management firms will be selected in the next few weeks, choosing between the Claims Standards Council, a new regulator created by the Lord Chancellor or an existing body.
Investment trust discounts have almost halved in the past two years and could be almost eliminated within 18 months, acc-ording to iimia investment guru Nick Greenwood. The average investment trust discount has fallen from 12.7 per cent at the end of January 2004 to 6.8 per cent because of a combination of strong performance from […]
The FSA has introduced Online Fees Calculator on the FSA Website which will allow firms to calculate their likely fees and levies in 2006/07.The FSA will update the fees calculator with the actual rates once these have been finalised in May 2006.The regulator says it will take ten minutes on average to work out their […]
A-Day reviews have highlighted exorbitant transfer penalties faced by clients
Compliance expert Adam Samuel believes the FSA is shifting its focus to check up on general insurance and mortgage advertising and he urges firms to ensure they stick to the letter of the law and to set up systems to cope with the regulations.
March was Free Wills Month! Free Wills Month brings together a group of well-respected charities to offer members of the public aged 55 and over the opportunity to have their simple wills written or updated free of charge by using participating solicitors in selected locations around England and Wales. Research by the Law Society* highlighted that only 64 […]
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The rise in IHT takings has prompted complaints around the new residence nil rate band’s impact
The Association of Investment Companies will not be hosting the new key information documents on its website saying to do so would be irresponsible. Since 1 January, Priips legislation has meant advisers have to publish a stand-alone, standardised KID to their client including performance scenarios, risks, and the total cost of products. However, trade bodies […]
The Financial Services Compensation Scheme has paid out £5.7m so far to nearly 800 customers of collapsed discretionary fund manager Strand Capital. The payments were made to 796 investors over the past two weeks. The payments related to client cash only. The compensation was paid directly into customers’ self-invested personal pensions. An administrator’s report published in […]