Firms think they fall outside of platform definitions and can therefore retain fund manager payments.
Clients were told to fill out financial details to “reconfirm and refresh their proof of identity”.
Towry chief exec retains 20 per cent stake in the company ahead of a planned flotation.
FCA handed out 18 senior fines last year, down 40% since 2010
Pensions minister says pension tax relief should be spread ”much more evenly”.
Amir Khan will be fined £80,000 after the Regulatory Decisions Committee had originally recommended a fine of £100,000 in its warning notice.
Further £81m allocated to policies through mutual dividend.
Hodges manages the £2bn L&G Dynamic Bond trust.
Alok Dhanda appeared in court accused of using client money to fund gambling debt.
McIver takes up role as managing director alongside role of director at adviser firm Nexus.
EW completes a reverse takeover of Aim-listed advice and wealth management firm European Wealth Management Group.
FCA mortgage head Linda Woodall says longer appointments could lead to “more sustainable outcomes”.
Advisers facing premium hikes and onerous data requests from insurers.
Santander and NatWest Intermediary Solutions increase H2B 2 rates by 0.1% and 0.4% respectively.
Stuart Paton Evans will be responsible for developing retirement income solutions following radical pension reforms announced last month.
Take care when drafting terms of business agreements to clearly define the scope of advice and service provided by a firm.
Protecting clients’ money against looming rising interest rates is a major theme for company’s Actively Managed Portfolio Service.
The Budget has allowed much greater flexibility for taking income in retirement and this will affect both how savings are accumulated and the advice on how take the income.
Advisers need to invest in mobile technology to properly meet the expectation of the next generation of clients.
It can be difficult to prioritise project work but using set criteria can help show where scarce resources would be best put to work.
On the eve of MMR implementation, Money Marketing talks to brokers about how the review has been handled, and how it will impact brokers and consumers.
Standard Life is not the cheapest option but good service costs money.
There are many complications involved in putting an auto-enrolment scheme into place and employers need to start the process as soon as possible to give them time cope.
Following the FCA’s recent review of adviser charging, it is important to ensure clients are given a clear breakdown of advice costs as soon as possible.
Benchmarking compares your business to the rest of the market and provides context for competitive analysis. There are two main stages – gathering external data and assessing your position.
The importance of building and communicating your brand should not be underestimated
Skandia Life founder and chairman of Nucleus Financial Group Paul Bradshaw has become chairman of River & Mercantile Group. The group was formed by the recent merger of P-Solve with River & Mercantile Asset Management. Bradshaw will oversee the firm’s growth strategy and work closely with its executive team, led by chief executive Mike Faulkner.
There was a time when I was not very popular with the great and good of the pensions industry.
Provider says a shared cost model between employer and member avoids disparity between members.
Huge discrepancies highlight the “utterly confusing world which consumers have been ushered into”.
The FCA’s inducement rules risk making product providers withdraw a lot of their training support and make it harder for providers and distributors to work together to make a better industry.
The Budget reforms are good for financial advice but the business needs a period of calm to let all the recent changes bed in.
This could end up as a judicial review as some major players seek to protect their status
Higher revenues are tied to a percentage of assets charging structure.
Advisers need to ensure they are meeting their clients’ demands when it comes to communicating and interacting and increasingly this means using the latest technology.
Regulators and politicians trying to play to consumer interests just end up making access to financial services worse
Advisers should be aspiring to deliver the best possible clarity on fees
The Aberdeen Latin American Equity fund’s performance suffered last year due to its exposure to Brazil but the manager used this as a buying opportunity and it is well placed to benefit from long-term growth.
Not so long ago pundits were predicting the end of the cult of equities as baby-boomers moved into retirement but the Budget pensions changes mean many people will remain invested into retirement.
- pause slideshow
Holly Mackay speaks to Standard Life head of platform propositions David Tiller
Tony Wickenden and John Woolley get to grips with the radical reforms set out in the Budget.
In this session we hear the views of FCA director Nick Poyntz-Wright
We hosted a series of live MM:Wired TV debates on our website following the FCA’s recent annuities thematic review. In this session, advisers Robert Reid and David Trenner debate changes that are required with the ABI’s Yvonne Braun and EY’s Malcolm Kerr.
In case you missed it...
Schroder ISF Brazilian Equity fund and Schroder ISF Global Resources Equity fund closed due to size concerns.
Minutes from the committee’s April meeting show all members voted to maintain base rate and quantitative easing.
Adviser support firm buys white-label estates, wills and probate business.
Nationwide and TMW go free phone after pressure from Mortgage Strategy.