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Ruling highlights need of Barclays' sales tactics probe

Story by: David Pawsey, Financial Adviser

Barclays Bank’s approach to switching clients from one product to another should be probed following a Financial Ombudsman Service provisional ruling against the banking giant, according to an IFA.

• Time published: 00:01
• Date published: 02.07.2009
• Published in: Regulation

Product Adviser: LV= extends unemployment offer

LV= has extended its offer to remove the initial 60 day unemployment claim exclusion for customers who replace their existing unemployment cover with the provider's Mortgage & Lifestyle protection product.

• Date published: 03.07.2009

CII calls for adviser input on CPD

The Chartered Insurance Institute (CII) is urging advisers to tell the body how they see the evolution of continuing professional development (CPD).

• Date published: 03.07.2009

Product Adviser: Investec income terms enhanced

Investec Structured Products has improved the terms of Capital Guaranteed FTSE 100 Income plan with immediate effect for new applications and for investors subscribed to the current plan two, which opened on 1 June.

• Date published: 03.07.2009

Product Adviser: Axa launches Autobalancing fund

Axa Isle of Man has worked with Royal Bank of Scotland (RBS) to develop a new fund - the Axa Isle of Man Autobalancing fund.

• Date published: 03.07.2009

Rise in available credit may lead to growth in higher LTVs

A modest expansion in the number of higher loan-to-value (LTV) mortgages is expected in coming months, according to the Council of Mortgage Lenders (CML).

• Date published: 02.07.2009

Product Adviser: Jubilee launches structured product

Jubilee Financial Products has launched a structured product which claims to optimise the investor entry level during the first three months.

• Date published: 02.07.2009

Lloyds' Rob Devey to takeover helm of Prudential

Prudential has just announced Rob Devey will succeed Nick Prettejohn as chief executive of Prudential UK and Europe and to the board of the provider.

• Date published: 02.07.2009

Distributors and providers must step in for IFAs

For consumers to regain confidence in the financial services industry, a consensus must be reached about how clients no longer in contact with their IFAs are treated, according to Aviva.

• Date published: 02.07.2009

Fortis supports distinguishing between providers

Advisers should be extremely selective in the providers they deal with in order to provide the most efficient service for their clients, according to Fortis Life UK.

• Date published: 02.07.2009

FSCP rejects concept of 'consumer responsibility'

Attempts by the FSA to articulate consumer responsibilities in financial services are "unrealistic" and should be abandoned, according to the Financial Services Consumer Panel.

• Date published: 02.07.2009