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FSA cancels permissions of two firms

The regulator has cancelled the Part IV permission of Select Mortgage Services (Bracknell).

The Financial Services Authority says Select failed to pay fees and levies of £1,675.52 owed to it, despite repeated requests to do so.

In its final notice the FSA says: “This failing, which is significant in the context of Select’s suitability, leads the FSA to conclude that it is not conducting its business soundly and prudently and in compliance with proper standards and that it is not fit and proper.”

Also cancelled is the part IV permission of Kevin Jonathan Dalglish trading as Dulwich Insurance Services. Dalglish failed to pay fees and levies of £1,280.33.

This follows Derbyshire-based Julian Paul Cheetham trading as who also had his permissions cancelled recently.


Lloyds TSB’s misleading ads banned

Two television advertisements from Lloyds TSB have been banned by the Advertising Standards Authority for being misleading.One complainant challenged whether an ad for its Money Manager service was misleading because the service was not available at the time the ad appeared. The ASA ruled that by the time the complainant viewed the ad, the service […]

Budget summary – March 2016

This week’s Budget looked as if it would be a difficult one for the Chancellor, with disappointing economic numbers and the need to avoid ruffling feathers ahead of June’s in/out referendum. Nevertheless, Mr Osborne did spring a few surprises, including some tax reductions. So how does this budget affect you? If you are – or […]


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