TITLE

FSA sets out its Freedom stance

AUTHOR(S)
Pow, Helen
PUB. DATE
August 2009
SOURCE
Money Marketing;8/20/2009, p36
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the business closure of Freedom Sipp in Great Britain. It states that the closure comes after the company's failure in seeking the right customer authorisation before moving funds as stated by the Financial Services Authority (FSA). Another reason is the move of the company to allow loans from clients funds that are not tolerated under Her Majesty's (HM) Revenue & Customs rules. The closure of new business was made in September 2008.
ACCESSION #
44210974

 

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