Another Article Once the deal is completed, Martin said Sesame would spend the next six to 12 months focusing on integrating Bankhall and Premier Mortgage Service and ensuring advisers felt they were getting good value. As a result of this focus, Martin said a purchase of another large scale IFA services provider was unlikely in [...]

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Another ArticleNicole Blackmore – Money Marketing 29-Jul-2009 Barclays is continuing to publicly champion raising standards of advice and increasing consumer confidence whilst rejecting complaints from customers unhappy with the service they were given by its multi-tied advisers. Earlier this year, Money Marketing unearthed concerns from former clients of Barclays who say they were advised to [...]

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The UK regulator creates a scheme to speed up compensation payouts for the majority of claimants.

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Another ArticleAdvertising Three arms of HSBC have been fined over £3m for control failures which potentially left customers’ confidential details open to being lost or stolen. The Financial Services Authority (FSA) has fined HSBC Life UK £1,610,000, HSBC Actuaries and Consultants £875,000 and HSBC Insurance Brokers £700,000 for not having adequate systems and controls in [...]

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Another ArticleFSA staff have been claiming over £400 a night in expenses for hotel accommodation, reports Nicole Blackmore of Money Marketing. According to FSA director expense claims, obtained by Money Marketing through a Freedom of Information request, chairman Adair Turner claimed £812 for two nights at a hotel in February, with a hotel expenditure of [...]

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Another ArticleWolters Kluwer Financial Services announces Consulting Solutions, created to meet your unique needs in the dynamic environment in which you operate.  Our highly experienced Consultants draw from their expertise as FSA supervisors, fraud investigators, and compliance professionals to help you achieve your compliance goals. Whether there is a need to address a particular gap [...]

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Another ArticleNew systems and controls requirements came into effect on 1 April 2009 to the UK Regulator, The Financial Services Authoritys (FSA), Senior Management Arrangements, Systems and Controls sourcebook (SYSC). The changes will mainly affect mortgage and insurance intermediaries and IFAs. Currently, these firms are only subject to SYSC 2 (senior management arrangements) and SYSC [...]

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if you aren’t already using Twitter, now would be a great time to get started as it’s only going to get bigger. Go here: http://tinyurl.com/m6omno

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Another ArticleThe  Securites & Investment Institute is about to  become a Chartered body following an Order of Grant of a Royal Charter which was approved by The Queen in Council on Wednesday 8 July 2009. This is a significant milestone in the history of the Institute, as we join the ranks of the more established professional [...]

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Another ArticleStephen Karle, the former West-Brom Building Society chief executive  received £520,600 as a pay-off in 2008 despite taking the firm to the brink of bankruptcy. The Daily Telegraph reported that, Karle earned £686,600 during his seven months work, including a 13% bonus. He is also entitled to a pension from the age of 65 of £95,000 [...]

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