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Life expectancy 'useless' for financial planning, advisers warned

20 October 2014 9:30 am | By Tessa Norman

Advisers must effectively manage risk of clients outliving average life expectancy. 

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Cofunds launches self-direct Sipp product

17 October 2014 12:51 pm | By Sam Macdonald

The platform says the move has been made to offer its self-directed intermediaries a Sipp product.

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Jobs at risk at Gallagher Employee Benefits after Oval deal

17 October 2014 12:35 pm | By Tessa Norman

Gallagher is centralising operations following its £199m acquisition of Oval in April.

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PosSol ordered to repay commissions for lack of ongoing service

17 October 2014 9:30 am | By Samuel Dale

In August HSBC had to repay trail commission in full for not providing an ongoing service.

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Exit blocked? Providers shun 'insistent' DB transfers amid regulatory fears

17 October 2014 8:30 am | By Sam Brodbeck

Some people will find their paths to George Osborne’s pension freedoms blocked by providers unwilling to take on DB transfers.

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HSBC reviews trail commission payments after FOS ruling

16 October 2014 4:08 pm | By Samuel Dale

The Financial Ombudsman Service ordered the bank to repay trail commission to a client.

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Gallagher UK retail chief exits after Oval deal

16 October 2014 4:07 pm | By Tessa Norman

Former Oval chief executive Peter Blanc leaves Gallagher. 

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Half of retirees have no plan for pension freedoms

16 October 2014 2:09 pm | By Samuel Dale

One-third of those surveyed will use a regulated adviser to access new freedoms.

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Are advisers dressing up advised sales as execution-only?

16 October 2014 9:35 am | By Tessa Norman

Rise in non-advised sales has reignited concerns over the blurred line between advice and non-advice

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Rathbones AUM and revenues boosted by Jupiter deal

16 October 2014 8:32 am | By Pamela Morris

Funds under management at Jupiter increased by 10 per cent in the third quarter while net revenues jumped 13.4 per cent.

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Schroders to re-open Marriage's Dynamic Smaller Co's fund

15 October 2014 9:05 am | By Sam Macdonald

 The latest data shows assets in the fund dropped to £740.3m at the end of September this year.

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Apfa calls on advisers to lobby MPs over guidance levy

15 October 2014 8:49 am | By Tessa Norman

Advisers urged to write to MPs over “disproportionate” cost of guidance. 

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China inflation drops to 1.6% in September

15 October 2014 8:34 am | By Pamela Morris

Inflation in the Chinese economy came close to a five-year low but economists remain unconcerned about deflation risks.

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UK inflation falls to 1.2% in September

14 October 2014 9:41 am | By Sam Macdonald

The ONS says the fall in the Consumer Prices Index was driven by dips in transport costs and a range of recreational goods prices.

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Hargreaves warns low interest rates and deposit restrictions hit margins

14 October 2014 8:49 am | By Sam Macdonald

Hargreaves Lansdown has warned that continued low interest rates and the prevention of platforms to offer fixed term deposits is having a continued affect on revenues.

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Redemptions push Ashmore AUM down 4.9% to $71.3bn

14 October 2014 8:34 am | By Pamela Morris

The group saw net outflows of $300m over the three months from July to September.

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Caerus reports £667k pre-tax loss after Paradigm deal

13 October 2014 11:09 am | By Tessa Norman

Network pushed into loss following acquisition of Paradigm Financial Advisers. 

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Caught in a trap? Advisers warned over auto-enrolment compliance risks

10 October 2014 8:30 am | By Sam Brodbeck

Auto-enrolment brings great opportunities, but advisers could be in danger of getting in over their heads.

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IFP ethics chair warns over moral code breaches

9 October 2014 11:26 am | By Tessa Norman

IFP members ‘failing to apply code of ethics to social media use’. 

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Old Mutual Wealth axes platform drawdown charge and minimum investment fees

9 October 2014 10:00 am | By Sam Macdonald

The changes will come in on 1 January.

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Hargreaves could cut Wealth 150 to 50 funds

9 October 2014 9:57 am | By Sam Macdonald

Hargreaves Lansdown head of investment research Mark Dampier cites lack of good quality funds and fund managers.

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Origen reports £5.6m loss as restricted costs hit

8 October 2014 3:56 pm | By Tom Selby

Origen Financial Services has reported a pre-tax loss of £5.6m for 2013.

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IFP aims to boost members by 50% by 2016

8 October 2014 9:15 am | By Tessa Norman

IFP chief Steve Gazzard says body is targeting at least 3,000 members by 2016. 

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IFDL sales director exits for sunset clause-tackling venture

8 October 2014 8:42 am | By Sam Macdonald

IFDL institutional sales director Rob Beverley has left the platform provider to join newly launched firm Sentinel alongside Succession co-founder Andrew Smith.

Comments (3)

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Who are the 2014 IFP award winners?

8 October 2014 8:26 am | By Tessa Norman

Outstanding financial planners recognised in gala dinner ceremony at IFP’s annual conference. 

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IFP president urges advisers to boost financial planning awareness

7 October 2014 10:27 am | By Tessa Norman

IFP has not grown as quickly as it could have, says president Rebecca Taylor. 

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Morningstar investment head: Risk profiling tools ‘dangerous’

7 October 2014 9:41 am | By Tessa Norman

Risk profiling tools are based on false assumptions, argues Morningstar’s Dan Kemp. 

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Gallagher recruits former RSM Tenon director John White as COO

6 October 2014 4:50 pm | By Tom Selby

White joins the firm from accountancy firm Baker Tilly, where he headed up the financial management and employee benefit services division.

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BNY Mellon to acquire US fixed income house

6 October 2014 4:03 pm | By Sam Macdonald

BNY Mellon has agreed to buy US fixed income house Cutwater Asset Management for an undisclosed sum.

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IFP elects two financial planners to board

6 October 2014 2:56 pm | By Tessa Norman

Annual general meeting held today at the opening of the IFP conference. 

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Electra trust investors shrug off activist Bramson's board bid

6 October 2014 1:48 pm | By Michael Berry

Electra Private Equity investors have shot down US activist shareholder Edward Bramson’s attempt to foist himself and an associate onto the company’s board.

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Chelsea reveals latest DropZone funds

6 October 2014 1:07 pm | By Sam Macdonald

The SF Webb Capital Smaller Companies Growth fund has topped the Chelsea Financial Services RedZone.

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Ex-Ignis man Ian Ormiston joins OMGI for European Smaller Co's launch

6 October 2014 12:29 pm | By Sam Macdonald

Ignis European Smaller Companies fund manager Ian Ormiston is joining Old Mutual Global Investors to manage the newly created European Smaller Companies fund.

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Axa Wealth executive changes spark more senior departures

3 October 2014 4:02 pm | By Pamela Morris

Axa Elevate head of operations Mark Links and former Elevate chief operating officer Andrew Smith are set to leave the firm by the end of 2014.

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Moneygate reports £1.4m pre-tax loss for 2013

3 October 2014 10:23 am | By Tessa Norman

Consolidator in discussions with 70 advice firms. 

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Old Mutual Wealth appoints Andy Pomfret as non-exec director

3 October 2014 9:31 am | By Pamela Morris

Andy Pomfret stepped down as Rathbones chief executive officer in February 2014.

Cyber security

JP Morgan hit by 76 million-client cyber attack

3 October 2014 8:52 am | By Sam Macdonald

JP Morgan has confirmed it suffered a massive cyber attack involving 76 million private and seven million business banking customers.

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Mott retirement sees PSigma AM lose £325m income mandate

3 October 2014 8:39 am | By Pamela Morris

Miton veteran fund manager Bill Mott announced his retirement earlier this year.

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Foster Denovo exodus continues as another partner quits

2 October 2014 2:19 pm | By Samuel Dale

Peter Butlin becomes the latest key adviser to quit the firm this year.

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Sense Network posts £650k profits

2 October 2014 2:10 pm | By Sam Macdonald

The firm posted a £423,000 profit in the previous year.

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