Miss anything? This week's key stories

Author: Rahul Odedra
IFAonline | 20 May 2011 | 14:00

Categories: Better Business

Topics: Equitable Life| Standard Life| PPI| FSA

stopwatch-iw

Five more days in the world of financial advice and every one of them was eventful…

Monday

The Association of British Insurers got the week going by turning its fire on one of its own. The organisation criticised Standard Life over rewards for its directors.

Meanwhile, closure to the Equitable Life saga came a little closer after financial secretary Mark Hoban announced details of the payouts to victims.

Tuesday

Inflation hit its highest level since September 2008 - 4.5% - with rises in transport fares a significant contributory factor.

There was also potentially big news for the advisory industry, with Sesame confirming it will set up a ‘mini' national IFA.

Wednesday

No surprise on the main culprit from the Financial Ombudsman Service's annual review: PPI complaints.

Meanwhile, advisers working towards their RDR gap-fill were given some fresh guidelines. No more than 25% unstructured, apparently.

Thursday

Tough talk from Hector Sants explained how the new Prudential Regulatory Authority should be given more explicit powers.

However, bad news for a lot of people at Aegon after the company announced 213 job cuts within the pensions and life business.

Friday

Thought your company had a wild party in 2007 to celebrate great staff performance? Think again.

Finally, when Google makes a big move, everyone takes notice. This week it entered the world of financial advice.

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