PIA to lok into alleged FSAVC mis-selling

Article Abstract:

The PIA (Personal Investment Authority) has been called in to investigate allegations made by Sainsbury's, the Civil Aviation Authority and Courtaulds concerning the selling of FSAVC's (free-standing additional voluntary contribution). The afore mentioned companies have expressed concerns that members are being mis-sold FSAVC's by insurers and IFA's when an in-house AVC is an option. So far the PIA's investigation has revealed no evidence of mis-selling.

Comment:

Expresses concerns that members are being mis-sold FSAVC's by insurers & IFA's when an in-house AVC is an option

Government regulation (cont), Supermarkets and Other Grocery (except Convenience) Stores, Supermarkets, Noncellulosic Fibers, Noncellulosic Organic Fiber Manufacturing, Courtaulds PLC, Article, J. Sainsbury PLC

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UK: COMPLAINT OVER ASSURESOFT ADVERT UPHELD BY ASA

Article Abstract:

The UK Advertising Standards Authority (ASA) has upheld a complaint against the IFA software supplier AssureSoft about a misleading offer for free shares. The company's advert offered free shares to IFAs who registered with their Internet service but failed to specify that they were not available to registered individual IFAs. The ASA ruled against AssureSoft and the company has changed the advert.

Prepackaged software, Computer Software, Software Publishers, Software, Assuresoft

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UK: RAISING STANDARDS IN BONDS SELLING

Article Abstract:

A new initiative is aimed at ending mis-selling of with-profits bonds, according to industry figures. The Raising Standards programme is expected to cut the advertising of misleading charges and bonuses. The Pensions Protection and Investments Accreditation Board's general manager Chris Laidlaw says that customer information will be improved.

Public & Private Bonds

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