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IFAs wanting to move to a fee-based business model are often told they should segment their client base and concentrate on those clients who are likely to be most profitable.
The Financial Services Authority is encouraging banks to further engage consumers in the fight against online banking fraud, after research found consumer confidence is “fragile”.
Waiting for payments to clear should be a thing of the past from 2007 as banks have agreed to implement same-day clearing on telephone and internet transactions.
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The Financial Services Authority (FSA) has called on firms to take urgent action to ensure their selling practices for payment protection insurance (PPI) are in line with regulatory requirements.
An industry plan for improving clearing of online and telephone banking payments must be developed within the next six months the Office of Fair Trading has warned today.
An on-line training aid to help firms protect themselves from identity fraud is being launch tomorrow by CIFAS, the Uk's fraud prevention service.
PR officials for Practiv, the technology company, have just confirmed Paul Smee will be staying on as non-executive director.
Paul Smee, director general of the AIFA, has this morning announced he is stepping down and leaving the trade body in December.
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