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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.

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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.

Eureka

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. 

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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.

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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.

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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.

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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.

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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.

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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.

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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. 

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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.

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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.

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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.

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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.

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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. 

Comments (21)

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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.

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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.

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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.

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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.

Comments (1)

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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.

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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.

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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.

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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.

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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.

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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.

Comments (1)

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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”.

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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.

Comments (1)

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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.

Comments (3)

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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)

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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.

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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.

Comments (1)

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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.

Comments (3)

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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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