RBS faces a £460,000 fine by Hong Kong regulators over a series of illegal trades committed by one of its traders in 2011.
Business secretary Vince Cable has written to the chairmen of FTSE 100 companies’ remuneration committees to issue a warning that the Government will intervene unless they do more to curb executives’ soaring pay increases.
Pair sentenced to nine years in jail after defrauding elderly investors.
The former prime minister says Scotland’s pensions would be “better protected” if the country remains part of the UK.
Annuity provider says product designed to allow retirees to remove investment risk until April 2015.
Hodges manages the £2bn L&G Dynamic Bond trust.
But brokers say there is still a place for two-year mortgage deals.
Life office allocates further £81m through mutual dividend
Figures reveal drop in fines for senior managers.
Report will find Co-op Bank board did not carry out adequate due diligence on Britannia takeover
Changes announced by Chancellor George Osborne last month have blown a hole in providers’ automatic enrolment default investment strategies.
McIver takes up role as managing director alongside role of director at adviser firm Nexus.
FCA mortgage head Linda Woodall says longer appointments could lead to “more sustainable outcomes”.
Only Friends Life has confirmed it will reduce all member charges to active rate ahead of active member discount ban.
£80,000 fine has been upheld by the Uper Tribunal following appeal on the scale of the penalty.
Take care when drafting terms of business agreements to clearly define the scope of advice and service provided by a firm.
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.
Should investors react to signs that some emerging markets have started to outperform the developed world?
Chief investment officer Peter Lowman is buying into inflation-linked bonds in order to prepare for potential volatility.
Treasury says it has “mechanisms” in place to smooth the ending of the mortgage guarantee scheme, but doesn’t know what these are
Skandia’s new Wealth Select service has attractions for advisers looking to de-risk their business but it feels a little like a business in transition
CarbonFin Outliner is a simple tool that lets you build an outline of anything in a logical and structured pattern.
In a competitive job market it is essential to present yourself in the best light to ensure you get hired
The Architas managing director on starting a business in the midst of the worst financial crisis in living memory, the importance of networking and his work as an EU diplomat before joining the City
Research products and their associated risks. Do not allow product providers to sell to you. Many of the major misselling incidents of recent years had at their heart a very successful salesman flogging his product to IFAs. All too often, the adviser had no idea what was in the product or the risks to which anyone holding it was exposed.
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.
The charge cap is good news for pension savers but a failure to get employers to engage with auto-enrolment is putting the whole project at risk.
Last year saw offshore bonds written on platforms double and they are likely to account for 50% of sales by the end of 2015.
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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...
Mortgage lending is on the rise, driven by increased economic optimism and Government initiatives
High yield managers are split on whether to stick to the “stable” US market or opt for “wildcard” emerging markets, while some point to sweet spots in European hybrids and B-rated bonds.
Andrew Rees and Timothy Hughes were partners at 1 Stop Financial Services.
Results of guidance pilot will feed into the FCA’s consultation on retirement guidance.