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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.


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.

Comments (1)


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.

Comments (4)


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.

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)


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.

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)


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.


Four in 10 advisers have concerns over profits

14 November 2014 8:39 am | By Samuel Dale

Aviva research shows growth in business for the over 55s following Budget reforms.


Apfa: Advisers must embrace technology to lower cost of advice

13 November 2014 1:24 pm | By Tessa Norman

Advisers can use technology to create efficient and affordable processes, says trade body. 

Comments (2)


UBS launches 9bps US tracker

13 November 2014 8:54 am | By Michael Berry

UBS Global Asset Management has opened up its recently launched in-house S&P 500 tracker to retail investors. 


Aegon boosts UK earnings to £22m in Q3

13 November 2014 8:52 am | By Sam Macdonald

Aegon’s UK underlying earnings before tax increased to €28m (£22m) in the third quarter of 2014, up from €22m in the third quarter of 2013.

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Can providers crack the low-cost advice problem?

13 November 2014 8:30 am | By Tessa Norman

Providers are developing low-cost advice solutions in partnership with advisers ahead of the Budget reforms next April, but experts warn on a return to “cosy relationships”.

Comments (1)


Advice firms merge to manage £550m of funds

12 November 2014 1:30 pm | By Tessa Norman

Combined group will look after 2,000 clients under 14 advisers.


Punter Southall acquires advice firm

12 November 2014 10:52 am | By Tessa Norman

Group buys Blacktower Financial Advisers for an undisclosed sum. 


TPAS holds talks with PICA and MAS over adviser directories

10 November 2014 2:17 pm | By Sam Brodbeck

TPAS has held talks with both PICA and MAS about referring guidance customers to their respective directories.

Comments (10)


Advisers’ hourly fee rates fall 14%

10 November 2014 10:05 am | By Tessa Norman

But charges for specific pieces of work remain largely unchanged. 

Comments (2)


FSCS Keydata legal battle set to proceed to trial

7 November 2014 3:51 pm | By Tessa Norman

Court rules legal costs to be shared between all firms remaining in the litigation. 

Comments (4)


OMGI introduces fixed charges on fund range

7 November 2014 1:41 pm | By Sam Macdonald

Old Mutual Global Investors is introducing a fixed expense rate across its funds.


RDR accelerates drop in self-employed pensions

7 November 2014 11:00 am | By Sam Brodbeck

Experts say extending auto-enrolment not the answer

Comments (9)


PFS urges advisers to address 'opaque' charges

7 November 2014 9:38 am | By Tessa Norman

Potential clients turned off financial advice by “opaque” charging structures.

Comments (10)


FCA: Suitability letters too long and unengaging

7 November 2014 8:48 am | By Tessa Norman

Regulator says suitability letters are too geared towards defending potential complaints and not focused enough on client engagement.

Comments (31)

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