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Will we see more adviser fines diverted to the FSCS?

24 April 2014 1:00 pm | By Samuel Dale

Deal has been agreed for an FCA penalty to go to the Financial Services Compensation Scheme for the first time.

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FOS upholds complaint against adviser over £30k Sipp commission

24 April 2014 12:49 pm | By Tessa Norman

Ombudsman rules initial commission on Sipp was unsuitably high.

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Brooks signs strategic partnership with accountancy firm

24 April 2014 10:11 am | By Sam Macdonald

Partnership means Reeves will offer its clients Brooks’ discretionary investment services involving model portfolios.

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FCA: ‘We don’t want to prevent progress on simplified advice’

24 April 2014 8:43 am | By Michael Glenister

FCA technical specialist Rory Percival says compliance concerns are holding firms back from developing advice models unnecessarily.

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‘Full advice or nothing’: Lighthouse boss hits out at Budget guidance

24 April 2014 8:16 am | By Michael Glenister

Lighthouse chief executive Malcolm Streatfield has criticised Government plans to provide free at-retirement guidance for all.

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Institutional platforms seek exemptions from FCA rules

24 April 2014 | By Sam Macdonald

Firms think they fall outside of platform definitions and can therefore retain fund manager payments.

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D2C platform Selftrade reviews client data in money laundering checks

24 April 2014 | By Sam Macdonald

Clients were told to fill out financial details to “reconfirm and refresh their proof of identity”.

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

24 April 2014 | By Michael Glenister

Towry chief exec retains 20 per cent stake in the company ahead of a planned flotation.

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Adviser in court over '£600k fraud to fund gambling habit'

24 April 2014 | By Michael Glenister

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

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Ex-Whitechurch MD Ian McIver joins IFA Compliance

24 April 2014 | By Sam Macdonald

McIver takes up role as managing director alongside role of director at adviser firm Nexus.

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European Wealth completes £7m reverse takeover

24 April 2014 | By Sam Macdonald

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

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SimplyBiz acquires estate planning firm APS Legal

23 April 2014 11:29 am | By Michael Glenister

Adviser support firm buys white-label estates, wills and probate business. 

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Ex-Whitechurch MD Ian McIver joins IFA Compliance

22 April 2014 8:21 am | By Sam Macdonald

McIver takes up role as managing director alongside role of director at adviser firm Nexus.

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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.

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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.

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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.

Comments (1)

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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

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

17 April 2014 | By Tessa Norman

Average profit per adviser rose significantly in 2013. 

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

17 April 2014 | By Michael Glenister

Advisers to pay £112m for 2014/15.

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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.

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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”.

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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.

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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)

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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)

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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.

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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.

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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.

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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.

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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)

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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.

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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)

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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

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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.

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Perspective director steps down

8 April 2014 12:33 pm | By Michael Glenister

Anthony Morrow has left consolidator and sold his shareholding.

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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.

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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.

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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.

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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)

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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.

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