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FSA fines friendly society

The Financial Services Authority has fined The Ancient Order of Foresters Friendly Society 55,000 for financial promotions failings, including substandard television adverts and direct offer packs which targeted the elderly.

This is the first time the FSA has fined a friendly society for financial promotions failings.

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LMS signs up Personal Touch Packaging

Personal Touch Packaging has become the first firm to sign up for LMS remortgaging service designed for packagers.The service promises to transform remortgaging by being faster, cheaper and more efficient than even current electronic processes.The LMS system also makes remortgaging easier and a better experience for clients through a number of features including automated documentation […]

Advisers say keep IT simple or we won’t use it

An overwhelming 90% of advisers say technology must be easy to use or they will stick with traditional paper methods, says Assureweb. The broker portal also says that 88% of brokers believe that for technology to work efficiency, proper training is essential. Stephen Wynne-Jones, director of sales and marketing at Assureweb, says: “The stigma attached […]

Victoria updates product range

Victoria Mortgages has made a series of significant updates and improvements to its product range and lending criteria. These new developments signal the start of Victorias objective to achieve 2bn in lending by the end of 2007.Victorias packager only distribution means lower operating costs meaning savings can be passed onto the borrower in the form […]

Bank of Scotland Mortgages wins awards

Bank of Scotland Mortgages has won three awards at the MoneyQuest Awards.As well as scooping lender of the year, Bank of Scotland Mortgages also won awards for best for technology in the mortgage category and lender business development manager of the year. Charles Haresnape, managing director of Bank of Scotland Mortgages, says: We are delighted […]

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Neptune video: Abenomics: the impetus for Japan’s fast-track recovery?

The remarkable performance of the TOPIX over the past year has caused many sceptical equity investors to look again at the Japanese market. These returns have come despite very significant problems facing the Japanese economy. Chris Taylor, manager of the Neptune Japan Opportunities Fund, discusses these problems and whether Abenomics will be able to overcome them, enabling the market to continue to rise.

In the video, Taylor addresses the following:

• The size and speed of Japan’s unprecedented monetary policy
• Abenomics and the implications should it fail
• Corporate Japan and beneficiaries of government policy

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