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Whitechurch will not write to clients over precipice bonds

Whitechurch Securities chairman Kean Seager says the firm will resist any attempt by the FSA to make it write to 1,000 clients inviting them to claim compensation over precipice bonds sold by liquidated direct mail arm Whitechurch Investment Services.


Money Portal sets up fund admin platform service

The Money Portal will launch a fund admin platform service designed to compete with the admin services of a major international bank. TMP has appointed three leading investment experts to run the business which provides distribution and admin services for fund management companies. It has recruited John Ellis from JP Morgan Fleming Asset Management as […]

Enterprise Homeloans receives FSA authorisation

Enterprise Homeloans announces it has received formal authorisation from the FSA to be an arranger. Enterprise is a private company specialising in the marketing and packaging of non-conforming morgages for the Zurich Advice Network and the Zurich Mortgage Network. Enterprise chief executive Michael Clapper says: “In light of the sentients throughout the industry, it would […]

Dresdner launches hedge fund covered warrant

Dresdner Kleinwort Wasserstein has launched the UK&#39s first covered warrant linked to a hedge fund index.The investment bank is this week launching a three year tracker certificate linked to the returns of the HFRX Global Index. Dresdner launched into the covered warrants market back in February and offers covered warrants based on UK blue chips, […]

Standard Life Bank and IFA clash over &#39back-door&#39 selling

Standard Life has apologised for its subsidiary Standard Life Bank poaching business from an IFA. Derek Williams Partnership director Derek Williams discovered that his client had been approached by Standard Life Bank offering him a capital-protected product which is only available direct to investors. Williams says his only option was to recommend the plan to […]


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