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FCA bans two advisers over Sipp suitability failures

17 April 2014 10:21 am | By Samuel Dale

Andrew Rees and Timothy Hughes were partners at 1 Stop Financial Services.


Brooks Macdonald increases assets by £244m

17 April 2014 8:55 am | By Michael Berry

Performance added about £30m to the pot, while inflows comprised roughly £215m, the AIM-listed wealth manager says.


Adviser charged with £600k fraud to fund gambling habit

17 April 2014 8:53 am | By Michael Glenister

Alok Dhanda appeared in court accused of using client money to fund gambling debt.


European Wealth completes £7m reverse takeover

17 April 2014 8:53 am | By Sam Macdonald

EW completes a reverse takeover of Aim-listed advice and wealth management firm European Wealth Management Group


Adviser profits up 20% but non-advised market share grows

17 April 2014 | By Tessa Norman

Average profit per adviser rose significantly in 2013. 


FSCS investment adviser levy set at £112m for 2014/15

17 April 2014 | By Michael Glenister

Advisers to pay £112m for 2014/15.


Forester Life to axe future trail on Children's Mutual book

17 April 2014 | By Devraj Ray

Company has written to advisers saying trail commission for existing Children’s Mutual policies will stop from the end of April.


D2C platform Selftrade reviews client data in money laundering checks

16 April 2014 12:37 pm | By Sam Macdonald

A letter sent this week requested clients to fill out financial details to “reconfirm and refresh their proof of identity”.


Majority of savers want face-to-face pensions guidance

16 April 2014 11:27 am | By Tom Selby

The Government has promised everyone will be offered free, impartial, face-to-face guidance on their retirement options.

Comments (4)


Andrew Fisher to leave Towry; Ex-Pru boss joins as chief exec

16 April 2014 10:39 am | By Michael Glenister

Former Prudential UK chief executive Rob Devey becomes chief executive at Towry with immediate effect.

Comments (3)


Forester Life to axe future trail on Children's Mutual book

15 April 2014 2:23 pm | By Devraj Ray

Company has written to advisers saying trail commission for existing Children’s Mutual policies will stop from the end of April.

Comments (1)


Jupiter to launch US small and mid cap fund for Siddles

15 April 2014 1:50 pm | By Sam Macdonald

The launch of the fund is subject to FCA approval.


Fraudster jailed for part in £4m boiler room scam

15 April 2014 11:12 am | By Sam Macdonald

John Laurence Curtin was sentenced at Westminster Magistrates Court yesterday.


Aviva Investors appoints Friends Life CIO

15 April 2014 10:34 am | By Sam Macdonald

Mark Versey will report into Aviva Investors chief executive Euan Munro.


SLI European small-cap manager Ken Nicholson quits

15 April 2014 10:07 am | By Michael Berry

European Smaller Companies Sicav manager Ken Nicholson has resigned from the firm.


PwC warns of pensions advice 'black hole' in wake of Budget reforms

14 April 2014 9:38 am | By Michael Glenister

Research suggests although many will want advice on accessing their pension, pot sizes will not justify cost of advice.

Comments (2)


Morgan Stanley cuts Hargreaves share price target by 10%

11 April 2014 10:56 am | By Sam Macdonald

Share price target cut by 10 per cent as earnings expectations also cut by 18 per cent.


FCA's 'wake-up call' on costs disclosure: What the regulator wants from advisers

10 April 2014 8:30 am | By Tessa Norman

Advisers are failing to put customers first, says FCA.

Comments (6)


Paradigm profits drop 25 per cent ahead of Caerus deal

10 April 2014 | By Michael Glenister

Paul Hogarth’s firm pays out £213,000 in liability costs


1st Software founder buys significant stake in Sammedia

8 April 2014 4:13 pm | By Sam Macdonald

Consortium led by 1st Software founder Mik Cons takes stake in Sammedia.


Perspective director steps down

8 April 2014 12:33 pm | By Michael Glenister

Anthony Morrow has left consolidator and sold his shareholding.


AFH Financial chief exec sells 6% stake for £760,000

8 April 2014 9:14 am | By Devraj Ray

IFA consolidator last week announced plans to raise £1.6m through a share issue, to fund further acquisitions.


True Potential appoints compliance and investment heads

8 April 2014 8:45 am | By Michael Glenister

Former SWIP investment director joins as chief investment officer.


UK recovery too reliant on consumer spending, BCC warns

8 April 2014 8:33 am | By Gary Jackson

The UK economy is continuing to grow at a decent pace, according to British Chambers of Commerce forecasts, but the recovery needs to become more balanced if it is to be sustainable.


Paradigm profits fell 25 per cent ahead of Caerus deal

7 April 2014 2:55 pm | By Michael Glenister

Performance expected to improve following disposal of loss-making Paradigm Financial Advisers.

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FCA slams wealth managers in disclosure review

7 April 2014 10:24 am | By Sam Macdonald

Wealth managers and private banks were the worst performing firms in the FCA’s thematic review into disclosure.

Comments (6)


Insurers at war over Osborne’s pensions guidance plans

4 April 2014 1:40 pm | By Tom Selby

At least two ABI members raised the possibility of quitting the trade body over the issue.

Comments (3)


CII handled 521 disciplinary cases in 2013

4 April 2014 1:33 pm | By Tessa Norman

Action taken against 60 CII members.


Protection advisers struggle to arrange Help to Buy life cover

4 April 2014 12:00 pm | By Devraj Ray

Advisers have raised concerns about how to put in place adequate life cover for the Government loan element of Help to Buy

Comments (7)


Consolidator AFH Financial raises £1.6m for acquisitions

4 April 2014 8:50 am | By Gregor Watt

IFA consolidator raising £1.6m to add to £3.3m raised in 2013 to fund its acquisition programme.

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IFA consolidator Attivo boosts assets by £50m with latest acquisition

3 April 2014 2:07 pm | By Jon Yarker

Firm has acquired Anthony Etkind & Co for an undisclosed sum.


Osborne dismisses concerns over advice/guidance distinction

3 April 2014 12:49 pm | By Samuel Dale

Chancellor George Osborne said there is no problem with branding his at-retirement gudiance service “advice”.

Comments (10)


FCA holds industry crunch talks on corporate hospitality

3 April 2014 9:30 am | By Michael Glenister

Providers say they will still offer events tickets but will invite customers as well as advisers, and that all events need to include training.

Comments (3)


RBS to close a further 44 branches

3 April 2014 8:44 am | By Paul Thomas

Bank says affected branches had limitd opening hours and classed as “last bank in town”.

Martin Wheatley

FCA sets budget at £446m; advisers to pay third of costs

3 April 2014 | By Natalie Holt

Regulator says a £10m underspend from last year’s budget will offset this year’s costs


Ex-Northern Rock chair Ron Sandler to join Towry

3 April 2014 | By Michael Glenister

Sandler replaces Gerald Corbett who leaves for Numis.

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AFH posts £1m profit as it prepares AIM float

3 April 2014 | By Michael Glenister

Firm made six acquisitions in the year worth a total of up to £3.9m.


Rathbones buys Jupiter and Tilney private client arms for £57m

3 April 2014 | By Pamela Morris

Rathbones has secured two separate deals to buy Tilney and Jupiter’s private client businesses.


Gallagher Employee Benefits parent acquires Oval in £200m deal

3 April 2014 | By Tom Selby

Deal will strengthen Gallagher’s footprint in the UK.


Gallagher Employee Benefits parent acquires Oval in £200m deal

1 April 2014 3:40 pm | By Tom Selby

Deal will strengthen Gallagher’s footprint in the UK.

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