TITLE

Bates' claims could fall on the FSCS

AUTHOR(S)
Pow, Helen
PUB. DATE
June 2009
SOURCE
Money Marketing;6/25/2009, p1
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the possibility that Financial Services Compensation Scheme (FSCS) may also shoulder the future claims against Bates Investment Services (BIS) after the latter was placed under administration of the former. It is a part of the Money Portal (TMP) Ltd. management buyout which also includes the selling of TMP assets Burns Anderson, Sage Financial and Willis Owen to Honister Capital. FSCS stated that it would aim to recover some costs by selling assets.
ACCESSION #
43380875

 

Related Articles

  • Money Portal set for Fof deal with Bates buy. Davis, Matt // Money Marketing;8/25/2005, p1 

    Reports on the plan of The Money Portal (TMP) to launch a fund of fund's operation through Bates Investment Services when it buys a discretionary business in Great Britain. Claims of the independent financial advisers regarding the performance of the Bates' and TMP model fund of funds'...

  • £8m incentive plan for Portal advisers. Shaw, Sam // Money Marketing;11/30/2006, p92 

    The article reports that Money Portal has invested £8 million in two incentive schemes in Great Britain. It mentioned that independent financial adviser Bates Millfield advisers will be moved onto a panel-based proposition, with the option to go off panel and whole market if required....

  • Chapter closes in Millfield story. Shaw, Sam // Money Marketing;7/12/2007, p26 

    The article reports on the rebranding of Millfield and Sage fund under Bates name by The Money Portal (TMP), independent financial adviser in Great Britain in July 2007. The acquisition of assets has amounted to £10.5 million deal that follows an active generator of both initial commissions...

  • Half of Aaron's advisers switch to join Bates. Duncan, Chris // Money Marketing;12/18/2003, p1 

    Reports that almost half of Great Britain-based independent financial adviser David Aaron Partnership's advisers have left the company to spearhead the launch of Bates Investment Services' first regional office in Milton Keynes, England in 2004. Aggressive recruitment drive of Bates Investment...

  • Portal at the double with deal for Aaron and Bates. Duncan, Chris // Money Marketing;8/28/2003, p1 

    Reports on Great Britain-based retail fund distributor Money Portal's acquisition of David Aaron Partnership and Bates Investment Services. Worth of the deals; Significance of the deal to Money Portal.

  • FSCS eyes risk-based model in radical adviser levy overhaul. Brodbeck, Sam // Mortgage Strategy (Online Edition);11/25/2015, p1 

    The article reports that the model for the Financial Services Compensation Scheme Ltd. levy in Great Britain may be changed as a part of its 2016 funding review.

  • Money Portal MBO looming. Blackmore, Nicole // Money Marketing;6/4/2009, p1 

    The article reports on the revelation of Money Portal about its exclusive takeover talks with one bidder, understood to involve a management buyout in Great Britain. According to Money Portal, it has a number of expressions of interest and an outright sale is a possibility. Company's chairman...

  • Money Portal is looking to cross-selling opportunities. Shaw, Sam // Money Marketing;10/26/2006, p32 

    The article reports on the plans of Money Portal to maximize cross-selling opportunities between its different adviser businesses in Great Britain, rather than run them as completely separate entities. The group comprises Bates Investment Services, Bates Millfield, Sage Financial Services,...

  • £4m ad push failed to raise consumer awareness. Holt, Natalie // Money Marketing;7/7/2011, p9 

    The article reports on the failure of the 4 million pounds worth of advertising campaign of the Financial Services Compensation Scheme Ltd. (FSCS) to affect and increase levels of consumer awareness of the scheme in Great Britain.

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