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Watchdog seeks MPs&#39 views on inquiry

The Parliamentary Ombudsman has written to MPs to ask whether they feel she should reopen her enquiry into Equitable Life. They have until May 21 to respond.

Ombudsman Ann Abraham&#39s report into Equitable published in July last year concluded the FSA had no responsibility for the debacle.

Liberal Democrat MP Norman Lamb, member of the Treasury Select Committee will table an early day motion this week to ensure that there is as much support as possible for reopening the enquiry.


Luqman Arnold joins practitioner panel

Abbey chief executive Luqman Arnold is joining the Financial Services Practitioner Panel. Dresdner Klienwort Wasserstein vice chairman Alan Yarrow will also join. The panel represents the industry and ensures that the FSA takes account of the views and concerns of regulated firms in the development of regulatory policy and in its operation generally.

Forum wants fund firms to follow electronic trail

The Adviser Forum is turning its sights on fund managers with a project aimed at motivating fund firms to transact more electronic business with IFAs to save time and cost. The forum, which has had significant success in targeting the life and pension industry, is urging IFAs and fund managers to set up systems enabling […]

No mere portal

Money Portal has become one of the biggest players in the IFA market in the last 18 months via an aggressive series of acquisitions that included Willis Owen and Bates Investment Services. As reported recently in Money Marketing, the company is negotiating a further round of funding and is in talks with nine more IFA […]

Credit Suisse on Target

CREDIT SUISSE TARGET RETURN FUND Type: Oeic Aim: Income and growth by investing globally in fixed-interest securities Minimum investment: Lump sum £5,000 Investment split: 22% government bonds, 16% investment-grade short-term bonds, 13% investment-grade bonds, 7% high-yield bonds, 7% emerging debt, 6% convertibles, 28% cash, 1% central Europe Isa link: No Pep transfers: No Charges: Initial […]

Looking back at 2015

By Fiona Tait, Pensions Specialist 2015 was quite a year for pensions. Change, more change, and proposed changes to the changes. The Spring Budget – pre-election plans With everything that has happened since, it is hard to remember what happened in March. Following on from the bombshell of the 2014 Budget, the Chancellor confined himself […]


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