Execution-only deals may sacrifice investors: the investment watchdogs are looking hard at controls on execution-only (no-advice) sales. Investors need to know whee they stand - and what they can do if their investment turns sour

Article Abstract:

Execution-only (no-advice) services usually mean that investors forfeit any rights to complain abut suitability or performance of the investment they purchase. Regulators are reviewing the controls on such services, as some advisers are wrongly claiming that their sales are execution-only. Execution-only deals are good value and costs are reduced by eliminating the advisory middleman or reducing commission paid to the middleman. However the investor must take more responsibility for the choice of investment.

Personal Finance Companies, Consumer Lending, Personal finance, Practice, Consumer finance companies

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Kunick: stop scratching

Article Abstract:

Kunick is a UK company involved in gambling machine rentals. The company was affected by the early 1990s recession but has since recovered. The UK government is likely to permit amusement machines in betting shops from Jul 1996, which should help Kunick's sales. Gamblers can achieve a higher payout from amusement machines than from lottery scratch cards and scratch cards have become less popular. Kunick could also expand in France following stricter control of cowboy operators in that country.

Other Commercial and Service Industry Machinery Manufacturing, Carnival & Amusement Park Eqp, Management, Gambling industry, Kunick PLC, Amusement ride equipment industry

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conflict of loyalty makes life tough for watchdogs: cosy sinecure or complex and demanding? Opinions differ about the duties of the non-exec. While the opinion of many is that they are recruited on a mutual back scratching basis, on occations non-execs can and o show their teeth

Article Abstract:

Non-executive directors can only function well if they are supplied with prompt and accurate information. They can be expensive and there is no set rate for the job, although usually non-executives are paid by the hour. There is a move to the independent recruitment of non-executives, although the majority of positions continue to be filled via the old boy network.

Analysis, Corporate directors

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