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Broker vows to fight FSA ruling

Beleaguered brokerage Warwick Finance last week pledged to fight the Financial Services Authority’s decision to remove its permissions to carry out regulated activities.

The FSA moved against Aaron Nickols, proprietor of Warwick, over fears that the company had breached articles 1, 6 and 11 of its Principles for Business, and alleges advisers phoned clients claiming to be from HBOS and used high pressure sales tactics.

But Nickols says his firm had a business relationship with HBOS whereby it could say it was a partner of Halifax, and adds that the allegations stem from a disgruntled former employee.

Nickols says: “In many years of trading Warwick has had thousands of satisfied clients. We will fight these allegations and expect our name to be cleared.”


Market needs more high LTV products

A number of estate agents have commented recently that they have seen small but nonetheless welcome increases in market activity since the start of the year.

Mortgage: impossible

There’s been a lot of talk about the credit crunch and its effect on mortgage availability recently, but when we asked mystery shopping expert AMTI to find out what high street lenders are prepared to offer even we were surprised. Martin Reay reports

UK: mid-year review and outlook

By Mark Martin, manager of the Neptune UK Mid Cap Fund, and Scott MacLennan, manager of the Neptune UK Opportunities Fund H1 2014• Equity markets continued to show strength: despite a strong rally in 2013 driven by a market-wide re-rating, equity markets continued to generate positive returns for investors. Economic activity continued to be stimulated […]


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