TITLE

FSA widens its Omo probe to cover Sipps

AUTHOR(S)
Pow, Helen
PUB. DATE
June 2009
SOURCE
Money Marketing;6/25/2009, p3
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the Financial Services Authority's (FSA) letter which embodies their extended review of the open market option (Omo) from personal and stakeholder pensions to Sipps. A letter was sent to the bigger firms asking copies of the internal documents that show the firms' processes and corresponding service levels at each stage of an Omo transfer, while examples of Omo literature is also asked from the smaller firms. FSA reports will be released by third quarter of 2009.
ACCESSION #
43380880

 

Related Articles

  • 'FSA kept RU64 over Sipp bonanza concern'. Salmon, James // Money Marketing;3/15/2007, p3 

    The article reports on the retention of the rule known as RU 64 by the Financial Services Authority (FSA) in Great Britain. The FSA will not pursue its restructuring plans because it wants the industry to create their own voluntary code. According to head of pension Iain Oliver, the regulators...

  • Letters to the editor. Shaw, Phil; Harrington, Chris; d'Plume, Norm; Stevens, Julian; Blackmore, John // Money Marketing;10/21/2010, p54 

    The article presents several letters to the editor in response to the articles which include "MMR jabs for the FSA," the MM online article, the issue that the government is to cut the annual pension to 50, 000 pounds and the one about getting a commission for a pension advice.

  • FSA stringency on Sipps will hurt smaller players. Selby, Tom // Design Week (Online Edition);6/9/2011, p15 

    The article reports that the Financial Services Authority (FSA) of Great Britain is planning to increase capital adequacy requirements for Self Invested Personal Pensions (SIPPs) firms. It further informs that the company Money Marketing revealed that regulator is alerting financial providers...

  • Time to tackle record-keeping failures. Griffiths, Rob // Mortgage Strategy;6/12/2006, p30 

    The article analyzes record-keeping responsibilities of firms in the mortgage market in Great Britain. A key part of the Financial Services Authority's work is focus on firms' ability to maintain full and compliant records. Every thematic project emphasizes on firms' ability to keep records of...

  • FSA launches adviser charging thematic review. Holt, Natalie // Money Marketing (Online Edition);2/21/2013, p20 

    The article reports that the Financial Services Authority (FSA) of Great Britain launches adviser charging thematic review. It states that the FSA has asked the business enterprises to elaborate on when charges and services are disclosed to clients and to provide copies of disclosure material....

  • Breaking point for bonds. York, Nicola // Money Marketing;4/27/2006, p50 

    The article predicts negative implications from the implementation of initiatives from the Great Britain Financial Services Authority (FSA) citing their efforts to deal with growing pension liabilities by forcing funds to switch out of equities. Industry analysts predict that low yields in the...

  • Dire dilemma on group pensions. Reid, Robert // Money Marketing;9/2/2010, p25 

    In this article the author shares his experience working in a company where an investment bond was introduced which made a profit at the insurer's expense. He is aware on the uneconomic deals affected in the group personal pension market which showed no sign of abatement despite the warning from...

  • As the pre-Budget report looms, how can the government help the housing market? Yousefi, Mehrdad; Whittington, Anna // Mortgage Strategy;11/28/2005, p26 

    The article reports on the importance of taking more account of market information when making decisions regarding major developments to improve the planning system for housing market in Great Britain. Planning at regional and local levels could be improved by making better use of information...

  • FSA criticised for failing to support educational website. Henshall, Angela // Money Marketing;4/1/2004, p7 

    Reports on the criticism of the Pre-Retirement Association to the failure of the Financial Services Authority to set up an online link to the organization's web site, www.learn-aboutmoney.org in Great Britain. Coverage and purpose of the web site; Support of the Department for Works and...

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