TITLE

FSCS levy fears at spread-bet firm Echelon default

AUTHOR(S)
Blackmore, Nicole
PUB. DATE
June 2009
SOURCE
Money Marketing;6/11/2009, p21
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the concern expressed by independent financial advisers (IFAs) concerning the speculated rise of Financial Services Compensation Scheme (FSCS) levy following the liquidation of Echelon Wealth Management Ltd. in Great Britain. IFAs argue that the company's decline will likely result to a growth in FSCS levies collectedc from them to £38 million. It reveals that Echelon employees can receive compensation claims of up to £48,000.
ACCESSION #
42539259

 

Related Articles

  • Swimming in the shark tank. Hensley, Peter // Investigate;Apr2008, Vol. 8 Issue 87, p64 

    The article focuses on the impact of investment advisors' poor and undisciplined proposals in companies and financial institutions. It claims that inappropriate advice often end to business failures and serious write downs in managed funds. It, therefore, finds it important to select advisers...

  • Déjà Vu on Wall Street. Golway, Terry // America;10/6/2008, Vol. 199 Issue 10, p10 

    The article focuses on the meltdown of investment houses in the U.S. It discusses the action of the members of the Congress who reformed the financial industry when they abolished the Glass-Steagal Act, an initiative that separates the activities of insurance companies, investment firms, and...

  • Researchers monitor fund exposure to Westpoint. Witkinson, John // Money Management;2/9/2006, Vol. 20 Issue 4, p3 

    The article reports on the continuation of the monitoring of mortgage funds which were possibly exposed to the failed Westpoint Corp. in Australia. According to Lonsec general manager Grant Kennaway, it had not changed any ratings on any managers like AXA, Challenger, MFS and Perpetual....

  • Lessons of failure.  // Pensions & Investments;2/21/1994, Vol. 22 Issue 4, p8 

    Opinion. Discusses the cause of the failures of investment firms. Consideration of poor decision-making and selective business risks; Consistency and longevity of personnel in money management organizations; Cases; Advantage of smallness; Need for firms to understand their managers.

  • Largest money managers. Hillyer, Deborah W. // Crain's Cleveland Business;7/23/2001, Vol. 22 Issue 30, p28 

    Ranks the largest money managers in the Cleveland, Ohio area according to assets under management locally as of April 30, 2001. Top position taken by Victory Capital Management Inc.; Comparison with 2000 rankings; Total tax-exempt assets; Minimum account; Portfolio analysts on staff; Asset mix;...

  • INDEPENDENT VIEW. Byrne, Tony // Money Marketing;11/14/2002, p29 

    Forecasts the growth of independent financial advisers in Great Britain. Increase of public demand for financial advice; Handling of fees and commission.

  • Wide Searches Yield Choice Performers.  // Investment Management Weekly;9/30/2002, Vol. 15 Issue 38, p5 

    Reports the searches launched by financial institutions for investment fund managers in September 2002.

  • Mass. Turnpike Hires Small-Cap Firm. Collings, Richard // Investment Management Weekly;12/3/2001, Vol. 14 Issue 48, p3 

    Reports on the hiring of Longwood Investment Management by Massachusetts Turnpike Authority Employees' Retirement System as of December 3, 2001.

  • Connecticut Hires Equity Managers. Collings, Richard // Investment Management Weekly;12/3/2001, Vol. 14 Issue 48, p3 

    Reports on the hiring of Merrill Lynch Investment Managers and Fidelity Investments by the Connecticut Retirement & Trust Funds as of December 3, 2001.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics