Speaking at an Aegon fringe event at the Labour party conference this morning, Lipsey said it was important that the RDR met the needs of people that fall between the categories of money guidance, which will not offer advice on products and tailor-made advice, which he said is exceedingly expensive. He said this is something [...]
Turner said while the FSA would not regulate the size of bonuses, banks would be made to explain their bonus structures.Turner told the BBC: What we are now doing is saying to banks, explain to us what your structure of bonuses are.If we think they are in danger of encouraging people through that bonus structure [...]
The association, which was the first of the packager alliances, says that view of current market conditions, the directors of the PMPA have decided to relinquish their ownership of the packager alliance and concentrate on the day to day packaging business.PMPA acting chair Helen Hymos says: “Times have now changed and PMPA is taking the [...]
Over the next four weeks the AMII plans to approach UK-listed PMI providers and the BIBA to ask for their help in setting up a panel to discuss the importance of transparency of claims information in PMI.AMII says the panel should have an independent chairperson and must represent specialist healthcare intermediaries and IFAs. BIBA will [...]
In the first of a series of issues papers AIFA reiterated its support for an advice/sales split and added that people offering sales with persuasion should be qualified to the same level as IFAs.Director general Chris Cummings says: We see this option as being a potential route for those firms who currently offer advice to [...]
Speaking at a fringe event at the Labour conference in Manchester yesterday, O’Brien said stakeholders are currently examining issues such as the conflict between means-testing and personal accounts and are likely to report back in December. However, he said it is not the Government’s intention to provide a recommended policy solution, but rather to lay [...]
Moody’s Investors Services downgraded Washington Mutual Bank’s “financial strrength” rating to an E — their lowest grade — noting that even with the proposed $700 billion federal bailout of financial institutions, the nation’s largest thrift stands to lose enough money to undermine its capital base.
“We believe WaMu’s capital is insufficient to absorb its mortgage losses,” [...]
John Gittelsohn, a fellow Register business reporter, the Soni family of Corona del Mar flipped a series of homes in Santa Ana, often using Washington Mutual as the lender on the deals, to the expense of the thrift. Here’s a sample:
Records show that Washington Mutual, America’s largest savings and loan and one of its [...]
Now, a Vancouver Island college is offering North America’s first surfing studies diploma.
The two-year program at North Island College, in conjunction with an Australian university, is aimed at teaching the business behind the popular sport.
Barbie Mayor, Canada’s top surfing judge and the program’s creator, said the new diploma will help qualify students to teach lessons, [...]
Simply Biz and Compliance First Capital Reward scheme will broaden the distribution of the F&C multimanager funds to more than 4,000 registered individuals at over 1,800 IFA firms. F&C lifestyle range was launched in March 2007 and mirrors the asset allocation models derived from dynamic planner, a third party risk-profiling tool.F&C director of strategic partnerships [...]
