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News

Your profession

CISI to apply for accredited body status

The Chartered Institute for Securities & Investment (CISI) will apply to become an accredited body under the FSA's new professionalism regime.

clock 21 January 2011 •

Your profession

Johnson quits as shadow Chancellor

Alan Johnson has resigned as shadow Chancellor citing "personal reasons" and will be replaced by shadow home secretary Ed Balls.

clock 20 January 2011 •

Your profession

Advisers have 30 days to pay £93m FSCS interim levy

Firms in the FSCS's investment intermediation sub-class are likely to have to pay an interim levy of £93m in just 30 days, to cover the cost of claims against investment firms including Keydata.

clock 20 January 2011 •

International

2011 to see IPMI growth and consolidation - ALC Health

The international private medical insurance (IPMI) market will see growth in 2011 but with consolidation and increasing demand for add on products and benefits, ALC Health has predicted.

clock 20 January 2011 •

Income Protection

Wiltshire Friendly enters big T arena

Wiltshire Friendly Society has contracted Medicals Direct to provide a big T tele interviewing service for its income protection business.

clock 20 January 2011 •

Investment

N&P and CarVal loan will cost Lifemark $11m

Lifemark must find $11m from its dwindling coffers to repay with interest a £1.5m loan from Norwich & Peterborough (N&P) and $7.5m from CarVal, as both companies back out of providing longer-term funding.

clock 20 January 2011 •

Your profession

RDR paper: FSA to permit smaller CPD chunks

The FSA says advisers no longer have to spend a minimum of one hour on structured CPD activities - it will permit 30 minutes instead.

clock 20 January 2011 •

Your profession

OFT fines RBS £28.6m for price-sharing with Barclays

The Office of Fair Trading (OFT) has hit RBS with a fine for £28.59m for breaching anti-competition rules by disclosing its pricing information to rival Barclays.

clock 20 January 2011 •

Regulation

FSA readies small team for adviser 'alert' task

The FSA has assembled a small team to process warning ‘alerts' from firms about their individual advisers as it pushes ahead with its data and supervision plans.

clock 20 January 2011 •

RDR

Harriett Baldwin MP: FSA has handed advantage to banks

The FSA's refusal to extend the timetable for meeting its professionalism rules, published today, hands a competitive advantage to large firms and banks, says Harriett Baldwin MP.

clock 20 January 2011 •
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