Recently added articles from Money Marketing:
FSA break-up could see turf war.(United Kingdom. Financial Services Authority's treating customers fairly programme)(Brief article)
Nov 12, 2009 ... The FSA admits that reform of its conduct supervision is needed but warns that "a turf war" could break out if its enforcement activity is separated out among different bodies. At a Bloomberg event in London this week, FSA chief executive Hector Sants said the regulator needs ...
Towry gets #6m a year trail cash for legacy business.
Nov 12, 2009 ... Towry Law takes up to #6m annually in legacy trail commission for 300,000 clients who no longer receive ongoing advice from the firm. Chief executive Andrew Fisher, who has been outspoken in his criticism of commission-based advisers, argues it is right for Towry Law to ...
Myners and IMA in contrarian clash.(Investment Management Association head of research Jonathan Lipkin)(Paul Myners)(Brief article)
Nov 12, 2009 ... The Investment Management Association has hit back at Lord Myners' claims that there is an absence of a contrarian voice in the fund management industry. At the launch of the Asset Management Working Group's paper at the London Business School on Monday, Myners said that the ...
Lehman clause threat to IFAs.
Nov 12, 2009 ... Advisers have been warned they could have multi-million-pound exposure to Lehman-backed structured product claims due to exclusions in professional indemnity insurance policies. Regulatory Legal partner Gareth Fatchett, who is advising IFAs on structured exposure, says the ...
Aifa's tougher line on RDR wins support.(United Kingdom. Financial Services Authority)(Association of Independent Financial Advisers )(Retail distribution review)(Brief article)
Nov 12, 2009 ... The Association of Independent Financial Advisers says it has received over 100 letters of support from advisers after it put pressure on the FSA to back down on mandatory QCF level four qualifications. Last week, MoneyMarketing.co.uk was flooded with comments from advisers ...