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Chris Gilchrist's FiveWays links with Parmenion for new proposition

28 November 2014 9:25 am | By Sam Macdonald

Chris Gilchrist’s FiveWays Financial Planning has teamed up with discretionary model platform provider Parmenion for the launch of its new investment proposition.


Japan core inflation falls to 0.9%

28 November 2014 8:36 am | By Sam Macdonald

Japanese core inflation fell to a 13-month low of 0.9 per cent in October with not long to go before a vote on a rise in sales tax.


Financial Planning Week and beyond: The new wave of adviser innovation

28 November 2014 8:30 am | By Tessa Norman

Advisers using documentaries, seminars and writing books to reach out to new and existing clients. 


Ex-Lloyds FD joins Alliance Trust board

28 November 2014 8:19 am | By Sam Macdonald

Alliance Trust has appointed former Lloyds Banking Group insurance division finance director Gregor Stewart as non-executive director.


FCA to scrutinise non-advised drawdown

27 November 2014 1:18 pm | By Sam Brodbeck

Regulator to investigate non-advised drawdown and reveals ‘output document’ in updated standards for guidance guarantee.

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FCA reveals 11% fall in bank adviser numbers

27 November 2014 | By Tessa Norman

Number of financial advisers also down slightly since the beginning of the year. 

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Woodford hires risk and compliance chiefs

26 November 2014 3:33 pm | By Sam Macdonald

Woodford Investment Management has hired Simon Osborne as head of compliance and Gavin St. John-Heath as chief risk operations officer.


Tracker funds net record inflows in October

26 November 2014 11:32 am | By Sam Macdonald

Tracker funds saw a record month of inflows in October having attracted net retail sales of £590m, Investment Management Association figures show.


OMGI takes on Ignis Asian equities man Diamond Lee

26 November 2014 11:18 am | By Sam Macdonald

Old Mutual Global Investors has appointed ex-Ignis Asian equity fund manager Diamond Le as portfolio manager on its Asian equities team.


Partnership banks on US launch and DB deals to counter Budget blow

26 November 2014 10:09 am | By Sam Brodbeck

Annuity sales “well below” 50 per cent of pre-Budget levels.


Nucleus rolls out annuity portal after pilot

25 November 2014 2:46 pm | By Sam Macdonald

Adviser-owned wrap Nucleus has launched it annuity portal to the wider market on its platform following a pilot.


FCA reveals 11% fall in bank adviser numbers

25 November 2014 9:35 am | By Tessa Norman

Number of financial advisers also down slightly since the beginning of the year. 

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Financial Planning Week: How advisers are spreading the word

24 November 2014 3:48 pm | By Tessa Norman

Campaign to raise awareness of financial planning now in its seventh year. 


FCA warns of continuing conflicts on in-house investment models

24 November 2014 3:33 pm | By Sam Macdonald

A number of wealth management firms and private banks are continuing to fail in monitoring how their in-house investment propositions are being used by clients, an FCA thematic review has found.

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Telegraph links with Interactive Investor for direct platform launch

24 November 2014 11:26 am | By Sam Macdonald

Interactive Investor has partnered with the Daily Telegraph to launch a new investment service, Telegraph Investor.

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Old Mutual Wealth sets out bulk conversion plans

24 November 2014 9:25 am | By Sam Macdonald

Old Mutual Wealth has set out its bulk conversion plans on its platform which will see it undertake the first switches in February 2015.


Neil Woodford to launch biotech investment trust

24 November 2014 8:37 am | By Sam Macdonald

Neil Woodford is set to launch a new biotech investment trust through his new venture next year.


Advisers hit out at KRS 'free' non-advised annuity service claim

21 November 2014 9:30 am | By Samuel Dale

Key Retirement Solutions was still claiming its broking service is “free” a year after it made changes.


Govt waters down HMRC bank account raid powers

21 November 2014 8:43 am | By Sam Macdonald

Chancellor George Osborne has weakened HM Revenue & Customs powers to raid bank accounts for unpaid taxes following an outcry from MPs, banks and charities.

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MPC holds base rate due to continuing eurozone concerns

19 November 2014 11:56 am | By Sam Macdonald

The minutes show that yet again seven out of nine MPC members voted against raising the base rate.


Apfa chairman: Industry needs light-touch regulation

19 November 2014 10:12 am | By Tessa Norman

Apfa chairman Lord Deben says he is “amazed” at level of regulation imposed on financial services. 

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James Hay profits hit as interest income plummets £1m

19 November 2014 10:09 am | By Tom Selby

James Hay has cut its profit forecast for 2014 as pressure on margins and interest incomes weighs on the Sipp provider.

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S&P warns of fresh recession over ECB monetary stimulus

19 November 2014 8:58 am | By Sam Macdonald

S&P warns the ECB buyback scheme cannot generate more than €40bn of net stimulus once old loans are paid back.


Towergate reveals takeover approach

19 November 2014 8:34 am | By Tom Selby

Towergate Insurance has appointed Evercore and Rothschild as joint advisers after being approached about a possible takeover.


BofA ML: Risk appetite on the rise in November

18 November 2014 2:14 pm | By Sam Macdonald

A net 47 per cent of the global panel says the economy will strengthen in the coming year, up from a net 33 per cent in October.


UK inflation at 1.3% in October

18 November 2014 10:32 am | By Sam Macdonald

Consumer Prices Index inflation hit 1.3 per cent in October, up from 1.2 per cent in September, Office for National Statistics figures show.

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M&G hit by £1bn UK outflows

18 November 2014 10:21 am | By Sam Macdonald

Total net inflows year-to-date are at £5.3bn, with some £1.5bn taken in during the third quarter.


FSCS set to pay out £60m for Catalyst claims

18 November 2014 9:39 am | By Sam Macdonald

The Financial Services Compensation Scheme says it expects to pay out around £60m during 2014/15 in relation to the collapse of Catalyst Investment Group.


S&W hires Giles Worthington for European Growth fund

18 November 2014 8:39 am | By Michael Berry

Smith & Williamson has hired RiverCrest Capital’s Giles Worthington to run its £23m European Growth unit trust replacing interim manager Michael Pascall.


Quindell chairman and founder Terry exits

18 November 2014 8:38 am | By Sam Macdonald

Robert Terry has been replaced by former Investec banker David Currie.


Rebrand pushes WMA losses to £180,000

17 November 2014 2:26 pm | By Sam Macdonald

Rebrand pushed the trade bodies pre-tax losses to £181,000 in the year ending 31 May 2014, up from a £33,000 loss in the previous year.


Axa Elevate COO Andrew Smith returns to Nucleus as CTO

17 November 2014 1:39 pm | By Michael Berry

Former Axa Elevate chief operating officer Andrew Smith is returning to Nucleus as chief technology officer.

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In Partnership launches three-choice adviser proposition

17 November 2014 1:14 pm | By Sam Macdonald

Russell Investments-owned adviser network In Partnership has launched a three-choice advice proposition for its appointed representatives known as “three ways to trade”.


Poor controls and dodgy suitability letters: Why FCA fined Chase de Vere £560k over Keydata

17 November 2014 1:01 pm | By Tom Selby

Inadequate research procedures and misleading suitability letters were at the heart of Chase de Vere’s failings in the sale of Keydata products.

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FCA consults on making firms report all complaints

17 November 2014 10:50 am | By Sam Macdonald

The FCA is to consult on whether to remove the non-reportable complaints rule which means firms who settle complaints by the following business day do not need to report them to the regulator.

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KRS removes 'free' non-advised annuity service claim

17 November 2014 10:15 am | By Samuel Dale

Key Retirement Solutions was still claiming its broking service is “free” a year after it made changes.

Comments (2)


BoE's Carney eyes new banker pay powers

17 November 2014 8:43 am | By Sam Macdonald

BoE is concerned as following financial sector reforms restricting bonus payments, banks have raised the fixed level of pay given to staff.


WMA teams with AIC to fight Mifid II investment trust proposals

14 November 2014 12:19 pm | By Michael Berry

Investment trusts could be labelled “complex” under Mifid II rules which could hit damage high retail participation in the market, the WMA warns.

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FCA says small firms still failing on financial crime rules

14 November 2014 11:16 am | By Sam Macdonald

An FCA review has found many small banks and insurance intermediaries are still failing to effectively managed risks around financial crime.

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Shareholders slam Barclays forex settlement pull-out

14 November 2014 8:40 am | By Sam Macdonald

Investors hit out at the bank’s decision to withdraw from a global regulatory settlement in the foreign exchange rate-rigging scandal saying it will damage its share price.

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