Approved persons regime will continue to apply to IFAs but not bank advisers.
Alberto Micalizzi was banned and fined in May 2012 for not being fit and proper.
Total net inflows rose to £1.3bn but pre-tax profit falls to £48.4m.
IFA consolidator acquires Target, adding £120m in assets under advice.
A record £1.4bn flowed into UK Equity Income in June, driven by the launch of Neil Woodford’s much-anticipated solo fund.
The fund prevented new subscriptions from new and existing shareholders from 22 July.
St James’s Place has reported an 8.5 per cent drop in pre-tax profits, from £90.1m in the first half of 2013 to £82.4m this year.
James Dilworth replaces Wolfgang Matis who retired in June.
How do advisers tackle simplified advice from a legal standpoint?
I am vehemently opposed to Chancellor George Osborne’s free pension guidance. It isn’t free to me, and by extension it isn’t free to my clients
People often become rich by not taking prisoners. They do, however, make hostages of advisers who are foolish or greedy enough to let them
When I hear the words “execution-only”, it conjures up the image of the firing squad where the soon-to-be victim is given one last cigarette
One of the striking things about many regulatory discussions over the years has been their utter predictability, usually on the IFA side
The literature from the Treasury and the FCA this week did its best to reassure the financial services industry that guidance can be delivered successfully.
A further look at how new planned IHT rules would apply to relevant property trusts.
Weekly Adviser View
While advising clients to invest for their own long-term future, apply the same rule and ensure that you invest in your own long term with a decent back-office system.
Defining whether you want to operate as a specialist or generalist is becoming a core requirement for advisers in establishing their proposition.
Focusing on the cost of advice can detract from the outcome for clients.
Differentiation from other advisers is key for the Wingate FInancial Planning director.
Trade Body View
Which share class should be used as the primary share class to calculate performance data in a post-RDR environment?
With one of the worst protection gaps in Europe, what will it take to address the issue?