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Windfall plea fails

The pension misselling windfall case will go unchallenged, setting a precedent that will cost the financial services sector £175m. In August, the High Court decided that windfalls could not be included in pension review calculations and the time for appeal of the decision has now passed. Collegiate, which had funded the case against pensioner Ronald Taber on behalf of Needler Financial Services, said the financial services sector had largely ignored its plea for cash to fund an appeal.

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C&G axes dual rates after FOS ruling

Cheltenham & Gloucester has ditched its dual variable rate policy after the Financial Ombudsman Service&#39s ruling against Halifax. It says it may reverse its decision if other cases do not follow the same pattern.

Only one confused on IFA-client link is Ron Sandler

I am not sure if Ron Sandler is related to Sir Mark Weinberg but they certainly sing from a similar hymn sheet. The legal relationship of an IFA and his client has been clearly established in the past by the courts. An IFA represents both his or her client, who pays for the services via […]

Orbitex set for move into UK retail sales

Institutional fund manager Orbitex is to launch into the UK IFA market this autumn following calls from IFAs to open its top-performing fund to retail investors. US-owned Orbitex is to offer an Oeic next month, with the first sub-fund expected to be a managed product run by global chief investment officer Robin Geffen. The new […]

Leeds & Holbeck – 2 Year Fixed

Thursday, 13 September 2001.Fixed term: Two years.Fixed rate: 4.85 per cent.Minimum loan: £25,000.Maximum loan: Up to 90 per cent of valuation subject to a maximum of £150,000.Income multiples: 81 per cent and above of valuation 3.25 times principal income plus second or 2.5 times joint, 51-80 per cent 3.5 times principal income plus second or […]

Benefits of using a probate bare trust

Have you ever wondered what happens to someone’s investment bond on their death if it is not written in trust? When someone dies it is essential to deal with their estate, which can be made up of their home, belongings, investment bonds and anything else they may have owned. But, it is not as simple […]

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