Money Marketing
Sam Macdonald Editorial

PIMS: Trail will cease by 2016

20 May 2013

IFG Financial Services chief executive Tim Sargisson says trail will end within the next three years.

PIMS: PFS to launch campaign aimed at improving trust

17 May 2013

The Personal Finance Society is launching a campaign to improve the financial advice industry’s reputation among consumers.

PIMS: Half a million people on advised platforms have seen no portfolio changes

16 May 2013

The Platforum says around half a million people with assets on advised platforms have not had any changes to their accounts in the last three years.

PIMS: Platforms say there is no demand for flat fees

16 May 2013

Axa Elevate, Seven Investment Management and Standard Life say they do not think flat platform fees will become more popular than percentage charges.

Threesixty calls on Skandia and FundsNetwork to confirm platform trail stance

16 May 2013

Threesixty Services says the platforms should stop paying trail to advisers from 2016 in order to promote transparency around charging.

Aegon distribution arm posts £2m loss as pensions earnings plummet

16 May 2013

Aegon’s distribution arm includes Positive Solutions and Origen and stakes in Lighthouse and Tenet.

Martin Davis to leave Cofunds

16 May 2013

Davis will be replaced by Legal & General managing director of banks and building society partnerships Chris Last.

Skandia platform inflows drop 10%

16 May 2013

Net inflows fell to £498m in the first quarter of the year.

Barings: 70% of intermediaries worried about eurozone growth

15 May 2013

Intermediaries see eurozone growth as one of the biggest macroeconomic challenges to investment growth over the next six months.

Bellpenny acquires Price Bailey client bank

13 May 2013

National IFA buys 1,700 clients with funds under management of £150m.

Skandia adds 40 staff in re-reg push

13 May 2013

The platform says it is increasing its efforts to speed up re-registrations.

Aegon says Skandia rebate move hinders transparency

9 May 2013

Skandia is to offer 8bps rebate on 75bps share class funds.

Advisers: Platform legacy ban signals end of trail

9 May 2013

Advisers say the sunset clause on all legacy payments between fund managers and platforms could be the first step towards a blanket trail ban.

Ex-Sesame director Nick Kelly to launch national

9 May 2013

Alexander House Financial Services will launch in July subject to FCA approval.

Standard Life Wrap to enable auto-disinvestment

9 May 2013

Platform to take charges proportionally across mutual fund holdings, excluding wrapped investments, when there is a shortfall in the cash account.

Standard Life appoints Threesixty Services' Innes Miller

8 May 2013

Innes Miller moves into Standard Life as head of adviser business solutions.

Arck investors write to MPs over Yorkshire Bank involvement

7 May 2013

Over 200 Arck LLP investors have written to their MPs to put pressure on Yorkshire Bank over its involvement in the failed property investments.

Axa Wealth sales up 79%

7 May 2013

Firm increases total assets under management 20 per cent, while total business sales rise 79 per cent.

RBS posts £826m Q1 profit and seeks return to privatisation

3 May 2013

RBS chairman Philip Hampton wants Government to start selling shares within 12 months.

L&G doubles workplace pension sales to £202m

2 May 2013

Firm adds 120,000 auto enrolees and expects to add a further 330,000 in 2013.

Cofunds' Stephen Mohan quits to join Allfunds

2 May 2013

Cofunds managing director of operational services Stephen Mohan is joining Allfunds to head its UK platform.

FCA: Legacy payment ban will improve competition

2 May 2013

Regulator says clean prices for new and legacy business will increase platform competition.

FCA: Rebate tax risks poor consumer outcomes

2 May 2013

Regulator says HMRC tax on rebates could mean poor outcomes for those in bundled funds.

Halifax to pay FTB stamp duty on homes up to £250k

2 May 2013

Halifax Intermediaries has offered to pay full stamp duty bills for first-time-buyers on properties worth up to £250,000.

IFDS: new share classes are the 'enemy' of re-reg

2 May 2013

Fund admin firm says preferential share classes will damage the move to automatic transfers.

Tisa commits to six-day electronic re-reg

2 May 2013

Automatic re-registrations through TeX will take six days from July.

Ex-Sesame director Nick Kelly to launch national

1 May 2013

Alexander House Financial Services will launch in July subject to FCA approval.

Investors chase advisers over film scheme tax fraud

1 May 2013

Largest individual claim against adviser is £1.8m.

Charles Stanley Direct launches clean/bundled fund calculator

1 May 2013

Calculator aims to show differing returns on clean and bundled funds.

Hargreaves looks to lower minimum advice threshold to £20k

30 Apr 2013

Hargreaves Lansdown is looking to lower minimum investment requirement from £50,000 to £20,000.

Five face charges in £125m film scheme tax fraud

30 Apr 2013

Five men alleged to have abused tax relief that allows film industry to offset losses against other tax liabilities.

Halifax to pay FTB stamp duty on homes up to £250k

30 Apr 2013

Halifax Intermediaries has offered to pay full stamp duty bills for first-time-buyers on properties worth up to £250,000.

Adviser Len Warwick dies

29 Apr 2013

Len Warwick has passed away at the age of 68.

F&TRC appoints David Child as non-exec director

29 Apr 2013

David Child joins Finance & Technology Research Centre board.

Friends Life forced to pay £100k claim

29 Apr 2013

Over 60,000 people signed petition to get Friends to pay out to family of father who died of cancer.

Hargreaves: Legacy payment ban will not affect us

26 Apr 2013

Business also says it has no intention to charge fund managers for advertising.

FCA: Product costs cannot subsidise wrap charges

26 Apr 2013

Regulator says platform charges should be similar across all funds.

FCA to ban all legacy fund manager-platform payments from 2016

26 Apr 2013

All payments on past business between fund managers and platforms will be banned from 2016.

Advisers split on Tesco’s move into pension market

25 April 2013

Some IFAs are worried clients may choose an annuity that is not appropriate for their needs

LV= pays 95% of protection claims two years running

25 April 2013

Figures include 99 per cent payout of life cover claims

ATS to convert all legacy business to clean funds by year end

24 Apr 2013

Alliance Trust Savings will convert all business into clean share classes by the end of 2013.

Alliance Trust Savings poaches Standard Life international manager

18 Apr 2013

Sara Wilson joins Alliance Trust Savings as head of platform proposition.

OFT investigates 'quick house sale' firms

18 Apr 2013

The Office of Fair Trading is concerned homeowners may suffer “very high” losses from quick sales.

LEBC reports £560,000 pre-tax profit

18 April 2013

National IFA reported £580,000 loss in 2011 due to company restructure.

Assureweb rebrands as iPipeline

18 April 2013

American technology firm iPipeline acquired the quotation portal last year.

Hornbuckle sells 60% stake to private investors

18 April 2013

Hornbuckle Mitchell has sold a 60 per cent stake in the firm to two private equity backers.

Scot Wids poaches Standard Life's workplace MD

18 April 2013

Ronnie Taylor is joining Scottish Widows as pensions and investments director.

FCA: Small firms may need to outsource to survive

17 Apr 2013

Rory Percival says carrying out all regulatory requirements may be beyond the ability of one person.

Aviva: Advisers say income will rise but profits may drop

17 Apr 2013

Aviva research shows 60 per cent of advisers think income will increase over next 12 months.

Hornbuckle sells 60% stake to private investors

16 Apr 2013

Hornbuckle Mitchell sells 60 per cent stake in firm to two private equity backers.

Treasury dismisses Tisa rebate tax delay request

15 Apr 2013

Treasury says tax rules will continue to apply.

Towry creates four new national roles

15 Apr 2013

Four regional managers have been made national heads.

Another Standard Life workplace head quits

12 Apr 2013

Head of workplace distribution proposition Ann Flynn has left Standard Life to pursue other opportunities.

Platforms welcome Tisa share conversion proposal

12 Apr 2013

The Tax Incentivised Savings Association wants industry-wide automatic re-reg share conversions.

Platforms in clash over re-reg delays

11 Apr 2013

Fidelity and Cofunds say re-registration is taking longer due to lack of industry-wide automatic transfers.

Intelliflo creates new commercial division

11 April 2013

Adviser software firm announces changes after appointing former Skandia head of proposition marketing Peter Jordan.

Premiership footballers pursue advisers over £14m Ucis losses

11 April 2013

The largest single investment in Ucis by a footballer was £12m.

Market volatility blamed for Avalon profit drop

10 Apr 2013

Platform sees pre-tax profit fall to £41,000 from £66,000 the previous year.

Platforms demand equal share class treatment from fund groups

8 Apr 2013

Rival platforms say they want access to the lowest share classes available.

Premiership footballers pursue advisers over £14m Ucis losses

4 Apr 2013

Claims firm acts for 12 Premier League footballers who claim they were missold Ucis investments.

Intelliflo creates new commercial division

4 Apr 2013

Adviser software firm announces changes after appointing former Skandia head of proposition marketing Peter Jordan.

Charles Stanley slams Newton for D2C clean share refusal

4 Apr 2013

Charles Stanley Direct hits out at fund manager after Newton shuns execution-only channels.

Ex-FSA chairman Turner joins Soros-funded think-tank

4 April 2013

Turner has been appointed as senior fellow at the Institute for New Economic Thinking.

Incentive plan pushes Standard Life chief's pay up to £5m

4 April 2013

Standard Life chief executive total pay almost doubles while SLI chief and Standard CFO both see significant increases.

Tenet makes finance director and financial planning head redundant

4 April 2013

A note sent to network members last week confirmed Mark Youngman and Jackie Ison’s departure.

Apfa: FCA fees must reflect big fall in adviser numbers

3 Apr 2013

Association of Professional Advisers report showed adviser numbers fell from 25,616 to 20,453 between 2011 and Jan 2013.

Incentive plan pushes Standard Life chief's pay up to £5m

2 Apr 2013

Standard Life chief executive total pay almost doubles while SLI chief and Standard CFO both see significant increases.

Andrew Fisher: Towry unlikely to float this year

2 Apr 2013

Towry chief executive says firm has raised enough capital to expand privately.

FNZ announces new UK chief following shock McMahon departure

28 March 2013

Last week, Money Marketing revealed UK chief executive Paul McMahon had left FNZ after less than six months in the role.

Impairment costs contribute to £4.6m loss for Lighthouse

28 March 2013

The firm spent £3.9m on a restructure relating to its merger with Sumus Group.

Stockbroker enters special administration

28 March 2013

Fyshe Horton Finney enters special administration as it is unlikely to be able to pay off debts.

Tenet takes on Merchant House advisers

28 March 2013

Merchant House advisers to join Tenet appointed representative firm Aspire Financial Management.

L&G £131m Cofunds buy shows squeeze on platform margins

27 Mar 2013

Cofunds is currently the largest platform in the UK with around £50bn in assets and 22 per cent market share.

FSA fines IFA firm £56,000 over Keydata

27 Mar 2013

Care Asset Management invested £3.1m of client money in Keydata products.

AFH Financial posts £340,000 pre-tax profit

26 Mar 2013

Plus-listed advice firm makes 11 acquisitions and increases advisers numbers from 59 to 94.

Standard Life Wrap looks at charging changes after HMRC rebate news

26 Mar 2013

Standard Life Wrap looks at possibility of clean share classes with rebate or preferential share classes.

L&G acquires the rest of Cofunds for £131m

26 Mar 2013

Legal & General has acquired Cofunds following months of negotiation between the businesses.

IFA Centre looks to take legal action against Capita over Arch Cru

22 Mar 2013

IFA Centre is attempting to take legal action against Capita on behalf of Arch Cru investors.

Tenet extends run-off PI cover deal to wider market

21 Mar 2013

Tenet will provide run-off professional indemnity insurance for the wider market.

MM Profile: Pos Sol's Peter Coleman on surfing waves and keeping out of deep water

21 March 2013

PosSol chief executive says the firm has had to rigorosuly enforce contracts after writing off £2m in costs relating to departing advisers.

Stockbroker enters special administration

20 Mar 2013

Fyshe Horton Finney enters special administration as it is unlikely to be able to pay off debts.

Budget 13: Osborne sets out Equitable Life compensation details

20 Mar 2013

Those who bought with-profits annuities before 1992 will get £5,000 compensation payment.

Impairment costs contribute to £4.6m loss for Lighthouse

20 Mar 2013

Firm spends £3.9 on restructure relating to Sumus merger and makes £1.6m Arch Cru provision.

Intelliflo grows pre-tax profit to £3.6m

18 Mar 2013

Adviser technology firm increases pre-tax profits by 144 per cent.

Nucleus launches platform annuity portal

18 Mar 2013

Nucleus has partnered with technology firm Spire Financial to add an annuity portal to its platform.

Origen posts £2.9m loss with £4m Aegon cash injection

15 Mar 2013

Firm predicts further losses and is subject to FSCS legal action over Keydata.

Platforms want HMRC rebate rules in place for 2014/15 tax year

14 Mar 2013

FundsNetwork is calling on HMRC to implement its platform rebate tax rules in the 2014/15 tax year.

TP: There should be no tax relief on cash Isas

14 March 2013

True Potential managing partner David Harrison argues advisers should make clients aware they lose out in the long term by saving in cash Isas.

Error sees SLI publish inflated fund prices

14 March 2013

Prices for 50 clean share class funds quoted up to 15 per cent above actual cost.

McKenna: Advisers need to deliver through mobile technology

14 March 2013

Finance and Technology Research Centre director says advisers have a “very poor online presence”.

Standard appoints Ross Easton as head of wrap

14 March 2013

Ross Easton was previously head of RDR proposition implementation.

Adviser gets £200k Welsh government grant for non-advised launch

13 Mar 2013

Grant to be used to fund non-advised service.

FSA explores ban on platform legacy payments

12 Mar 2013

FSA explores ban on all payments between fund managers and platforms.

Aviva scraps workplace savings plans

12 Mar 2013

Plans to add group Sipp and corporate Isas dropped as firm reviews spending priorities.

Lloyds to sell down its stake in SJP

11 Mar 2013

Lloyds Banking Group is looking to raise £400m through the sale of a 20 per cent stake in SJP.

Error sees SLI publish inflated fund prices

8 Mar 2013

Prices for 50 clean share class funds quoted up to 15 per cent above actual cost.

Sammedia to give DFMs D2C platform capability

8 Mar 2013

The technology will enable discretionary fund managers to offer their own direct-to-consumer platforms through Sammedia’s Moneyinfo proposition.

Bradbury Hamilton buys two client banks

7 Mar 2013

The two acquisitions take Bradbury Hamilton’s assets under advice to £100m.

LifeTalk launches consumer website

7 March 2013

The site allows consumers to ask questions and interact with LifeTalk’s 9,000-strong membership.

Axa adds 1,000 clean share classes to Elevate

5 Mar 2013

Move sees number of clean share classes increase to over 1,600.

Standard Life to switch off trail on selected legacy products

4 Mar 2013

Standard to switch off trail on 12 products where clients make certain non-advised transactions.

Paradigm Partners posts £2m pre-tax profit

4 Mar 2013

Paradigm sets aside almost £500,000 for redress relating to network Paradigm Financial Advisers.

Moneygate acquires DFM service

28 Feb 2013

The IFA network has bought the discretionary fund management arm of Watermark Wealth Management.

Advisers want vocal support from new Tenet director

28 February 2013

Current Sinfonia sales and development director director Helen Turner has been appointed distribution and development director.

FSA warns on 'systemic misselling' from poor DFM risk mapping

28 February 2013

Mapping risk profiles between advisers and DFMs seen as ‘key problem’ by regulator.

MM Profile: Andrew Fay on building on the Cavanagh/Close Bros deal

28 February 2013

Close Brothers Asset Management head of wealth management Andrew Fay originally wanted Cavanagh to be a small advisory business, a vision which changed dramatically.

FSA warns on 'systemic misselling' from poor DFM risk mapping

26 Feb 2013

Mapping risk profiles between advisers and DFMs seen as ‘key problem’ by regulator.

Cofunds U-turns on re-reg policy

25 Feb 2013

Cofunds will now allow trail payments to continue on assets transferred off the platform.

Tenet announces Keith Richards' replacement

22 Feb 2013

Current Sinfonia sales and development director director Helen Turner has been appointed distribution and development director.

Advisers say PFS needs unified voice

21 Feb 2013

Advisers want new PFS chief executive Keith Richards to unify diverse membership for effective lobbying.

Intelliflo appoints ex-Skandia marketing head Peter Jordan

21 February 2013

Jordan will head up the adviser technology firm’s marketing proposition.

FSA to consult on asset managers’ term deposits

20 Feb 2013

The FSA plans to launch a consultation later this year into asset managers’ use of term deposits when holding client money.

Platforms slam FSA £1 cash rebate plans

19 Feb 2013

Platforms say de minimis cash rebates of £1 would further confuse the market.

GBST pre-tax earnings up 40%

15 Feb 2013

Platform technology provider’s operating earnings increase to £4.4m in the six months to 31 December.

FSA confirms its stance on passive focused IFAs

14 Feb 2013

FSA says advisers recommending mostly passives can remain independent as long as they review whole of relevant market.

Tenet distribution director Keith Richards quits

14 Feb 2013

Richards leaves to “pursue new opportunities” in financial services.

UBS fined £9.5m for AIG fund advice failures

14 February 2013

Misselling of the Enhanced Variable Rate Fund led to customers being exposed to an unacceptable level of risk.

Unbiased Media Adviser Award 2013 winners

14 February 2013

EA Financial Solutions managing director Minesh Patel named IFA of the year.

Intelliflo appoints ex-Skandia marketing head Peter Jordan

13 Feb 2013

Jordan will head up the adviser technology firm’s marketing proposition.

UBS fined £9.5m for AIG fund advice failures

12 Feb 2013

Misselling of Enhanced Variable Rate Fund led to customers being exposed to unacceptable level of risk.

Sesame confirms strategic review

11 Feb 2013

Barclays Capital appointed to “review strategic options” for Sesame Bankhall Group.

Clean share classes: What the execution-only platforms are offering

8 Feb 2013

Over half of the top 20 direct platforms offer no clean share classes.

Royal London poaches RSA risk director

7 Feb 2013

Jon Macdonald was appointed Royal London group risk director.

AWD picks Standard Life Wrap for HNW clients

7 February 2013

AWD Chase de Vere has chosen the Standard Life Wrap as its preferred platform for Premier clients.

James Hay appoints Alastair Conway as chief exec

7 February 2013

Former Cofunds sales and marketing director joins James Hay as chief executive.

Standard Life appoints platform head

6 Feb 2013

David Tiller was previously Standard Life Wealth strategy and business development director.

Friends Life puts Sesame up for sale

6 Feb 2013

Barclays Investment Bank has been appointed to seek out potential buyers.

Honister administrator receives 'definitive' legal advice over commissions

5 Feb 2013

Over half complaints relate to Burns Anderson advice while 216 advisers pay to novate clients.

James Hay appoints Alastair Conway as chief exec

4 Feb 2013

Former Cofunds sales and marketing director joins James Hay as chief executive.

Perspective sets up new operational board

4 Feb 2013

Consolidater promotes David Hesketh to group mergers and acquisitions director and Julie Hepworth to group regulatory director.

Skandia in talks with independent firms over stakes

31 Jan 2013

Skandia says having small stakes in adviser businesses will not affect their independent status.

Ex-only platform Selftrade suspends new client business

31 January 2013

Selftrade has voluntarily varied its permissions following discussions with the FSA.

FSA launches crackdown on Sipp/Ucis advice

31 January 2013

The regulator is concerned about firms advising on Sipps but not on the underlying unregulated investments.

Tribunal upholds £8m Swift Trade FSA fine

31 January 2013

Upper Tribunal upholds FSA “layering” fine against Canadian trading platform.

Aegon launches One Retirement Sipp product

29 Jan 2013

Aegon has today launched a new online individual Sipp product called One Retirement.

Skandia appoints platform marketing manager

28 Jan 2013

Mike Barrett was previously proposition development manager.

Treasury pressure for FSA to 'water down' interest rate swap redress

28 Jan 2013

Senior officials want the FSA to ‘water down’ findings of the regulator’s review

7IM delays adviser loans move

25 Jan 2013

“Operational issues” mean initiative is put back until Q2.

Cofunds links with Sammedia for client portal

25 Jan 2013

My Money allows clients to view their assets and carry out some transactions.

Sandringham targets 1,000 advisers in four years

24 Jan 2013

Ken Davy’s restricted national business is looking to have 1,000 adviser members by the beginning of 2017.

Skandia requires client charging agreement for new top-ups

24 Jan 2013

Skandia is forcing advisers to get a new signed client agreements when top-ups are made if they want to take their fee from the product.

FSA warns on overseas property Sipp investments

24 January 2013

Regulator has seen increasing number of Sipps with underlying investment in overseas property sold through Harlequin.

Ex-only platform Selftrade suspends new client business

23 Jan 2013

Selftrade has voluntarily varied its permissions following discussions with the FSA.

PosSol appoints recruitment director

21 Jan 2013

Andrew Rockey replaces interim recruitment head Ian Clisby who becomes head of development and service.

Paul Feeney: Old Mutual 'not looking to buy distribution'

17 Jan 2013

Old Mutual Wealth chief executive says low-cost fund range will give advisers cheapest access to funds.

Advisers report problems with Skandia pension illustrations

17 January 2013

A number of advisers using the Skandia platform are unable to get pension illustrations for new business and top-ups.

Lighthouse Advisory Services appoints MD

17 January 2013

Current group project director Danyel Jordan replaces Stephen Gazard.

PosSol refuses to rule out future restricted move

17 January 2013

Aegon-owned national IFA says it plans to remain independent but may offer a restricted service in future.

FSA bans and fines insurance broker £212,000

15 Jan 2013

Harbinder Panesar sold worthless policies to over 6,000 customers.

Advisers report problems with Skandia pension illustrations

14 Jan 2013

A number of advisers using the Skandia platform are unable to get pension illustrations for new business and top-ups.

Ashcourt Rowan appoints business director

14 Jan 2013

David Palmer joins Ashcourt Rowan Asset Management from insurance firm Generali.

Sesame to hike fees due to system costs

10 January 2013

Sesame plans to increase the standard fixed fee for IFAs from £44.20 a week to up to £62.60.

Sesame launches GI portal

10 January 2013

The portal will offer products from nine UK insurers.

FSA sets out four RDR thematic reviews for this year

9 Jan 2013

Four reviews will be carried out across three cycles in 2013.

Lighthouse Advisory Services appoints MD

9 Jan 2013

Current group project director Danyel Jordan replaces Stephen Gazard.

Former Bestinvest investment director escapes jail over indecent child images

8 Jan 2013

Former Bestinvest investment director Nigel Parsons has been handed a three-year supervision order and must complete 120 hours on a sex offenders programme.

IFA Life rebrands as LifeTalk

3 Jan 2013

Note to over 9,000 adviser members yesterday confirmed the name change.

MGM appoints IT and change director

2 Jan 2013

David Bradley joins from consultancy firm Newbold Consultants.

HM Treasury appoints financial services director general

21 Dec 2012

McKinsey & Company senior partner Charles Roxburgh will take up the role in February.

Threesixty sells stake in Sense network

20 Dec 2012

Sense commercial director Steve Young has bought out threesixty’s share in the business.

Platforms round-up 2012: Platforms playing wait-and-see game

20 December 2012

Another year of regulatory delays and falling prices sets the scene for 2013 and beyond.

Tenet buys employee benefits firm to launch corporate service

19 Dec 2012

Tenet Employee Benefit Solutions will look to help Tenet advisers launch corporate advice services.

Towry raises £35m in financing deal

19 Dec 2012

Towry Group raises £35m in financing from specialist investment firms AlpInvest Partners and Honeywell Capital Management.

SJP sets out RDR pricing with up to 5% initial charge

14 Dec 2012

SJP Partners will take 3 per cent of the initial charge and 0.5 per cent of the ongoing.

Google launches UK mortgage comparison service

13 December 2012

Google will refer users who need a broker to its 10-stong panel.

Govt extends small business rate relief until 2014

13 December 2012

Around 350,000 small businesses will pay no business rates at all until April 2014.

Which? research: Bank staff still under heavy sales pressure

13 December 2012

Which?’s Big Change investigation of 500 bank staff shows 81 per cent say pressure on sales targets has stayed the same or risen.

Hector Sants joins Barclays

12 Dec 2012

Former FSA chief executive Hector Sants has joined Barclays as head of compliance and government and regulatory relations.

New mortgage advances rise 7% in Q3

11 Dec 2012

New mortgage advances rose from £37bn in Q2 to £40bn in Q3.

Heather Moor & Edgecomb placed in default

10 Dec 2012

FSCS publishes latest list of firms in default.

Boiler room fraudster ordered to pay £320,000

7 Dec 2012

Michael McInerney was jailed for four and a half years in April 2012.

Which? research: Bank staff still under heavy sales pressure

7 Dec 2012

The Big Change investigation of 500 bank staff shows 81 per cent say pressure on sales targets has stayed same or rose.

Over 30K sign petition for Friends Life to pay claim

6 Dec 2012

Nic Hughes died of cancer but Friends cancelled his life cover because it said he failed to answer questions correctly on application.

Openwork to mandate Omnis Investments for advisers

6 Dec 2012

Openwork will make all its 750 investment advisers use Omnis Investments from Q2 next year.

Ascentric teams with law firm to offer legal products

6 December 2012

Wrrap to offer Law firm Lex Futura’s legal products aimed at protecting clients from incapacity and intestacy.

eValue FE launches cash-flow planning tool

6 December 2012

Lifetime Planner lets advisers set financial goals and fact finds and lets advisers give clients different financial scenarios.

James Hay reveals RDR Sipp prices

6 December 2012

Charges range from 0.18 per cent for assets up to £500,000 to 0.05 per cent for assets over £1m.

Sippcentre adds bulk trade capability

6 December 2012

Advisers can now carry out bulk trades and switches across all fund types on Sippcentre platform.

AS 2012: Govt extends small business rate relief until 2014

5 Dec 2012

Around 350,000 small businesses will pay no business rates at all until April 2014.

Jelf looks at 10 per cent share buy-back

5 Dec 2012

Jelf seeks shareholder approval to buy-back 10 per cent of company.

Zurich wrap head Adrian Nash to leave

5 Dec 2012

Zurich head of wealth propositions Adrian Nash to leave as part of cuts announced in September.

FSA delays platform rule changes

3 Dec 2012

FSA has delayed publishing its platform policy statement until 2013 amid concerns around the tax treatment of rebates.

Osborne to address 'unacceptable' tax paid by multi-nationals

3 Dec 2012

Clampdown follows damning report from public accounts committee.

Zurich marketing head departs as part of restructure

30 Nov 2012

Tony Solomon leaves Zurich UK Life after over 20 years as part of announced job cuts.

Ascentric teams with law firm to offer legal products

30 Nov 2012

Wrrap to offer Law firm Lex Futura’s legal products aimed at protecting clients from incapacity and intestacy.

Ken Davy's Sandringham reveals member fees

29 Nov 2012

Founder members will be charged 15 per cent of turnover up to £100,000 and 5 per cent above that level.

Financial planning week: How advisers are helping spread the word

29 November 2012

Firms around the country are offering free advice sessions to raise financial awareness.

Suffolk Life acquires Pointon York Sipp

29 November 2012

Suffolk Life acquires The PY Sipp after Pointon closes the scheme.

Wait and see on FSA harassment case

28 Nov 2012

Decision on John Calland’s case against the FSA expected in next month after yesterday’s strike-out hearing at Bow county court.

eValue FE launches cash-flow planning tool

28 Nov 2012

Lifetime Planner lets advisers set financial goals and fact finds and lets advisers give clients different financial scenarios.

SimplyBiz reveals restricted adviser support as it unveils new services

27 Nov 2012

SimplyBiz confirms its support for both independent and restricted DA firms post-RDR.

Axa set to slash Elevate platform prices

26 Nov 2012

Axa Wealth to cut charges by more than 30bps for assets between £25,000 and £100,000.

Standard Life job cuts: Digital and marketing heads depart

23 Nov 2012

Head of retail marketing Dave McGovern and group digital director Kevin O’Shaughnessy part of latest job cuts.

Transact tops The Platforum Q3 leaderboard

22 Nov 2012

Transact replaces Axa Elevate as True Potential tops “user leaderboard”.

Associated Newspapers launches financial planning website

22 November 2012

OnTrees links to a number of current accounts and savings products and allows users to set financial plans.

Zurich reveals platform charges and generational option

21 Nov 2012

Charges confirmed as same as those detailed in internal documents circulated in July.

Advisers: Aviva chief exec should only be rewarded for 'exceptional performance'

21 Nov 2012

Advisers say Mark Wilson should only receive his full £4.4m remuneration package if he achieves “exceptional performance over sustained period”.

Suffolk Life acquires Pointon York Sipp

21 Nov 2012

Suffolk Life acquires The PY Sipp after Pointon closes the scheme.

Associated Newspapers launches financial planning website

19 Nov 2012

OnTrees links to a number of current accounts and savings products and allows users to set financial plans.

Cofunds says it will have £100bn AUA by 2016

16 Nov 2012

Chief executive Martin Davis says the platform will have £100bn worth of assets within the next four years.

Ascentric appoints development managers

15 November 2012

Matt Nelson joins from HSBC and Lester Curley moves from Russell Investments.

FSA forces asset managers to pay client redress and carry out s166 reports

15 November 2012

The FSA says consumer detriment was mainly caused by a lack of controls around spending on research and execution services.

Tisa appoints Natanje Holt as retirement council chair

14 Nov 2012

Syndaxi managing director Robert Reid has been appointed deputy chair.

Sesame distribution director Nick Kelly leaves in reshuffle

14 Nov 2012

Nick Kelly has left Sesame Bankhall Group amid a restructure of its executive team.

Aegon launches RDR-ready pension plans

12 Nov 2012

Aegon has launched its RDR-ready Flexible Pension Plan and Group Personal Pension.

FSA bans adviser jailed for stealing £1m from clients

9 Nov 2012

FSA issues final notice against Derbyshire-based adviser Malcolm Green.

SimplyBiz makes £2.5m pre-tax profit

9 Nov 2012

Support firm increases pre-tax profits by 26 per cent and increases shareholder dividend to £1.3m.

Adviser anger as Rockingham default could hike levies

8 November 2012

FSCS confirms Rockingham Independent in default sparking fears of levy increase.

Lloyds makes £583m loss with additional £1bn PPI provision

8 November 2012

Lloyds makes further £1bn PPI provision in Q3, taking its current redress bill to £5.3bn.

Threesixty launches business acquisition service

8 November 2012

Threesixty launches services aimed at firms looking to buy or sell adviser businesses.

Threesixty hires Sesame BG distribution head

7 Nov 2012

Guy Peters joins Threesixty as head of intermediary sales.

Platform growth figures: Cofunds stretches lead with £45bn AUA

6 Nov 2012

Cofunds tops The Platformum AUA table for Q3 increasing its assets by £11.6bn over the last 12 months.

Platforms push FSA for fund manager payment exemptions

6 Nov 2012

Cofunds and FundsNetwork say fund managers should pay platforms for certain roles.

HMRC allows hundreds of tax evaders to avoid courts

2 Nov 2012

Tax evaders on “Lagarde list” escape courts and avoid being named as HMRC offers deals.

FSA aims to 'bust' passive independence 'myth'

1 Nov 2012

Technical specialist Rory Percival says it is very possible for advisers to recommend only passives and stay independent.

JLT to take on Aegon DB scheme services

1 Nov 2012

JLT to take on 100 Aegon staff with portfolio worth £710m with 25,000 members.

Ascentric could outsource back office technology

1 November 2012

Ascentric managing director Hugo Thorman says platform back office technology will become more commoditised.

FSA ‘horrified’ by platform switch claims

1 November 2012

FSA technical specialist Rory Percival says advisers should look to please clients rather than satisfy regulator.

FSA: Advisers are not properly considering price

1 November 2012

FSA technical specialist rory Percival says some advisers do not pay close enough attention to platform pricing.

MM Profile: Rory Percival

1 November 2012

FSA’s technical specialist explains why his views are aligned to those of the regulator’s.

Polin: Regulators should not use 'light touch' post-RDR

1 November 2012

Group chief Jonathan Polin says he will be disappointed if FSA takes a light-touch approach to firms that get their business models wrong post-RDR.

Chamberlain and Bamford clash over IFA scale

31 Oct 2012

Succession chief executive Simon Chamberlain says advisers have “lied” to clients over investment expertise.

FSA complaint over firm based in Spain is rejected

30 Oct 2012

Complaints Commissioner rejects complaint against FSA after client received advice from non-authorised firm in Spain.

FSA sets out new regulatory fee structure

30 Oct 2012

Regulator has issued a further consultation paper on changing tariff basis from headcount to income.

Paradigm appoints ex-Octopus investment chief

29 Oct 2012

Lothar Mentel becomes Paradigm Group chief investment officer.

Ex-PosSol chief Reeve joins 2020 Innovations Limited

29 Oct 2012

Accountancy and tax support services firm 2020 Innovations appoints Jim Reeve as a director.

Lloyds looks to scrap product sales incentives

29 Oct 2012

Lloyds piloting scheme based on customer service rather than product sales.

FSA to stop 'smoke and mirror' adviser platform tactics

26 Oct 2012

Technical specialist Rory Percival says regulator will be alert to “smoke and mirror” arrangements.

Nucleus labels platform fund incentives 'disgusting'

25 Oct 2012

Nucleus chief David Ferguson says deals where platform is free for in-house funds are “hugely damaging”.

Ascentric warns FSA platform guidance is causing unnecessary switching

25 Oct 2012

Managing director Hugo Thorman says some firms switching to avoid using one platform.

FSA will have 'zero-tolerance' RDR exam stance

25 Oct 2012

The FSA says it will have a “zero-tolerance” policy towards qualifications from 1 January.

Avelo appoints new MD

25 October 2012

Sales and marketing director Simon Badley replaces Chris Noblet as managing director.

IFA consolidator Perspective up for sale

25 October 2012

Last Friday was the deadline for first round of bids for the IFA consolidator.

LV= sets out RDR adviser charging plans

23 Oct 2012

LV= will allow commisssion to be paid on products if the orignal quote is given before 31 December.

Skandia in talks to acquire stake in Keith Carby's Caerus

19 Oct 2012

Skandia is in talks with Keith Carby’s Caerus Capital Group over taking a stake in the firm.

FSA bans director from firm ownership after she failed to seek approval

19 Oct 2012

Ewa Karczewska found to lack honesty, integrity and experience after acquiring Think Finance.com.

Avelo appoints new MD

18 Oct 2012

Sales and marketing director Simon Badley replaces Chris Noblet as managing director.

Ex-PosSol recruitment director joins Openwork

18 Oct 2012

Martin Brown joins Openwork as executive director of business acquisition.

Advisers fear drop in Old Mutual's service levels

18 October 2012

Advisers raise concerns as Old Mutual cuts 200 jobs in Skandia merger.

Intelliflo integrates client portal with Intelligent Office

18 October 2012

Integration allows automatic data transfer between Personal Finance Portal and adviser back office.

PosSol cuts losses to £100k for 2011

18 October 2012

Positive Solutions reduces losses from £1.6m while making £2.2m complaints provision.

Aviva trading manager joins Nucleus

17 Oct 2012

Aviva Wrap senior trading manager Alistair Kettlewell is joining Nucleus as platform marketing manager.

How the FCA will regulate the industry: All today's news

16 Oct 2012

Tougher penalties, more skilled person reports, face-to-face FCA interviews and the 8 measures of success.

FSA: Risk testing should be on par with over-the-counter medicine

16 Oct 2012

The FCA will expect provider governance of risk to be of the same standard as vehicle safety or medicine.

FCA to step up enforcement efforts

16 Oct 2012

Financial Conduct Authority aims to pursue more cases against individuals.

Keith Carby's Caerus to buy Paradigm network

15 Oct 2012

Caerus will acquire Paradigm Financial Advisers which has 370 advisers across 110 firms.

PosSol cuts losses to £100k for 2011

12 Oct 2012

Positive Solutions reduces losses from £1.6m while making £2.2m complaints provision.

Govt appoints Avalon as Jisa administrator

11 Oct 2012

Deal will see Avalon provide administration on over 30,000 Isas for under-14s in care.

Advisers back Aifa's call for FCA to regulate CMCs

11 October 2012

Advisers want to see “unscrupulous” claims chasers come under the FCA’s remit.

Threesixty acquires stake in paraplanner firm

11 October 2012

Support services firm Threesixty has taken a 25 per cent stake in The Timebank.

FOS provisionally upholds £89,000 Ucis complaint against Mint

10 Oct 2012

Mint adviser recommended a client invest £89,000 of a £174,000 pension into a Stirling Mortimer fund.

Threesixty acquires stake in paraplanner firm

9 Oct 2012

Support services firm Threesixty has taken a 25 per cent stake in The Timebank.

Paradigm to launch investment management business

8 Oct 2012

The firm will launch by the end of the year.

More lenders unlikely to axe non-advised interest-only mortgages

5 Oct 2012

Mortgage experts say lenders are unlikely to follow RBS’s lead and restrict their interest-only criteria ahead of the MMR.

Aifa calls for FCA to regulate claims firms

4 Oct 2012

Aifa says the MoJ is “under resourced and ineffective”.

Alliance Trust Savings appoints Patrick Mill as MD

4 Oct 2012

ATS promotes sales and distribution director Patrick Mill.

Axa Elevate offers fixed-term deposits

4 Oct 2012

Axa has partnered with Cater Allen and Bank of Ireland to offer fixed-term deposits via Elevate.

FSA action likely as firms circumvent RDR rules

4 October 2012

FSA says it is likely to take action around deals struck between providers and distribution firms.

Skandia digital head Mugridge departs

3 Oct 2012

Jeremy Mugrudge joins financial services digital and design firm Instinct as marketing director.

RBS stops non-advised interest-only mortgages

2 Oct 2012

RBS will only sell interest-only mortgages on advised basis.

FSA warns action is likely over circumventing RDR rules

1 Oct 2012

The FSA says it will probably need to take action because of deals struck between advisers and providers.

Four charged with insider dealing

1 Oct 2012

Four charged following long-term investigation by FSA and Serious Organised Crime Agency.

HSBC prepares for D2C platform launch

28 Sep 2012

FNZ set to provide the technology.

Ex-Bluefin practice head joins Best Practice

27 Sep 2012

Patrick Murphy sets up Zen Wealth and joins Best Practice network.

Moneygate sales director leaves

27 Sep 2012

Phil Andrews leaves after less than a year in the role.

Lighthouse hires recruitment team as adviser numbers fall

27 September 2012

Lighthouse says its adviser numbers will fall 23 per cent to 550 by the end of the year.

Social care minister calls for arbiter to deal with Govt LTC tensions

26 Sep 2012

Norman Lamb wants independent arbiter to push through social care funding reforms.

US regulator calls for quicker Libor reforms

25 Sep 2012

Commodity Future Trading Commission chairman Gary Gensler says Libor is still incorrect and needs radical reform.

Lighthouse chief: We must communicate better with shareholders

24 Sep 2012

Malcolm Streatfield says firm intends to talk more with shareholders following Aim delisting proposals.

Zurich soft-launches retail platform

20 September 2012

Zurich Intermediary Platform launches to 16 firms including four SimplyBiz members.

Tenet unveils run-off PI cover for retiring advisers

19 Sep 2012

Tenet will provide the cover through its Guernsey-based subsidiary Paragon Insurance.

Mazars acquires corporate advice firms

18 Sep 2012

Mazars buys corporate adviser Citrus4Benefits and consultancy firm Surf & Consult.

PosSol chief exec Peter Coleman defends adviser exit penalties stance

13 September 2012

Coleman says the network has written off £2m of bad debt in the last five years.

Providers commit to continue SJP introducer trail payments

6 Sep 2012

Providers commit to Policy Services agency agreements after Standard Life cancels payments.

MM Profile: Jonathan Polin

6 September 2012

Ashcourt Rowan group chief executive says the firm is looking to increase its assets to £10bn over the next four years.

Cofunds sets out clean share class offering

30 Aug 2012

Platform says unbundled pricing structure will have around 1700 clean share classes from 85 fund groups.

Phoenix Group hires former FSA chair Howard Davies

30 August 2012

Phoenix Group has appointed Sir Howard Davies as chairman.

Standard Life axes trail commission to SJP introducer

30 August 2012

Standard Life has prevented Policy Services from taking commissions from its products.

Deputy prime minister calls for emergency wealth tax

29 Aug 2012

Deputy prime minister attempts to pursuade Tory coalition to make wealthy take on greater tax liabilities.

Legal Ombudsman to publish claims firm complaints data

28 Aug 2012

Legal Ombudsman to publish claims firm complaints data in same way as FOS.

Foster Denovo appoints head of marketing

24 Aug 2012

Joanne Butler moves from Foster’s employee benefits arm, Secondsight.

Ex-Honister adviser jailed for £380k fraud

23 Aug 2012

Angus McClymont jailed for two and a half years for 14 counts of fraud.

Phoenix Group hires former FSA chair Howard Davies

23 Aug 2012

Phoenix Group has appointed Sir Howard Davies as chairman.

Openwork to cut adviser fees by 25%

23 Aug 2012

The level of commission retained by the network will broadly drop from 20 per cent to 15 per cent.

Elevate tops The Platforum Q2 leaderboard

23 August 2012

Axa Elevate, Nucleus and Transact make up the top three.

Openwork appoints ex-Honister director as recruitment head

23 August 2012

Openwork appoints former Honister business development director Billy Hewitt as recruitment director for Scotland.

Succession in management reshuffle following £12.5m acquisitions

22 Aug 2012

Succession has spent £12.5m acquiring the firms.

Avelo poaches Intelliflo sales head

16 Aug 2012

Avelo appoints Chris McGraw as director of strategic relationships, banks and building societies.

Elevate tops The Platforum Q2 leaderboard

16 Aug 2012

Axa Elevate, Nucleus and Transact make up the top three.

Sanlam acquires English Mutual

16 August 2012

English Mutual has 43 advisers and £400m assets under advice.

Skandia reveals unbundled platform details

16 August 2012

Skandia unveils tiered charging structure ranging from 0.5 to 0.15 per cent.

Lighthouse update: Rosengren commits to Lighthouse return

15 Aug 2012

Former joint chief exec Allan Rosengren says he will return to the company if shareholders vote for the move.

Sesame's network makes £2.5m loss and pays out £11.4m in claims

9 Aug 2012

Network attributes loss to investment in members’ services ahead of the RDR.

Sanlam acquires English Mutual

9 Aug 2012

English Mutual has 43 advisers and £400m assets under advice.

Financial Ltd profits fall as it makes £1.5m complaints provision

9 August 2012

Network sees pre-tax profits fall to £165,000.

Tenet calls for product tax to fund regulatory costs

9 August 2012

Network says tax would be interim solution for advisers’ rising regulatory costs.

Nucleus appoints pensions technical manager

8 Aug 2012

Jonathan Gwinnett joins IFA-owned wrap.

GBST signs platform technology deal with Fidelity

8 Aug 2012

Technology firm announces long term deal with Fidelity Worldwide Investment.

Ex-Lloyds security head pleads guilty to £2.5m fraud

7 Aug 2012

Jessica Harper submitted false invoices to claim payments.

Tenet calls for product tax to fund regulatory costs

6 Aug 2012

Network says tax would be interim solution for advisers’ rising regulatory costs.

Capita life and pensions chief Parkinson departs

2 Aug 2012

Steve Parkinson leaves outsourcing firm to “pursue other challenges”.

Sandringham appoints operations director

2 Aug 2012

SimplyBiz chairman Ken Davy’s restricted business appoints John Hayden as operations director.

Ex-PosSol chief Jim Reeve sets up consultancy firm

2 August 2012

Jim Reeve has set up Signature Private Clients.

Intrinsic management buys out Lloyds - £20m dividends waived

2 August 2012

Intrinsic management buys out shareholder Lloyds Banking Group and other shareholders waive six years of dividend payouts.

Networks continue to sign up ex-Honister advisers

2 August 2012

Hundreds of ex-Honister advisers have now moved to new firms.

Adviser anger at Honister commission sale

1 Aug 2012

Anger as administrator Grant Thornton sells commission as advisers must pay to novate clients.

Lighthouse chair says Rosengren comments influenced votes

31 Jul 2012

Lighthouse chairman says firm’s board thought Rosengren would have “understood logic” behind plan.

Cofunds overtakes Skandia to top platform AUA table

31 Jul 2012

Cofunds AUA tops £40bn while Skandia and FundsNetwork both see assets fall.

Ex-PosSol chief Jim Reeve sets up consultancy firm

30 Jul 2012

Jim Reeve has set up Signature Private Clients.

Intrinsic makes £2.5m pre-tax loss

27 Jul 2012

Firm makes £1m provision for endowment redress.

Openwork makes mortgage manager redundant, axes 9 back office staff

26 Jul 2012

Openwork has made mortgage proposition manager Karen Hedges redundant.

Aviva and Standard allow Honister bulk transfers

26 July 2012

Aviva and Standard Life both accepting bulk transfers of clients from ex-Honister advisers.

Rosengren: Lighthouse should scrap delisting or make cash offer

25 Jul 2012

Allan Rosengren says Lighthouse should shelve plans to delist from Aim or make a cash offer to shareholders.

Mumford dismisses Lighthouse attempts to reassure shareholders

24 Jul 2012

Investment manager Paul Mumford says Lighthouse announcement “makes not one jot of difference”.

Aviva latest to offer bulk Honister transfers

20 Jul 2012

Aviva is accepting applications for bulk transfers of clients from ex-Honister advisers.

Axa Wealth Direct appoints head of distribution

19 Jul 2012

Ian Smith will be responsible for developing the Axa Self Investor strategy.

Ex-Honister IFA anger over James Hay 'change your adviser' letter

19 Jul 2012

Adviser anger as James Hay sends client form to apply for new adviser.

SimplyBiz signs seven-year deal with Distribution Technology

19 Jul 2012

Deal sees DT become provider of SimplyBiz’s financial planning and front office software.

D2C website offers Voyant and FinaMetrica for free

19 July 2012

Money Guidance says it aims to “cut out the middle man” and “save investors thousands in fees”.

Unbiased and Standard Life launch Value of Advice campaign

19 July 2012

Campaign to show value of advice to consumers through comparing investors who use IFAs and those who do not

Government will not apply gender neutrality to occupational schemes

18 Jul 2012

Government says it will keep occupational DC annuity business under review.

Lighthouse delisting hopes may rest with former joint chief

18 Jul 2012

Former joint chief-exec vote vital as shareholders express doubt.

Foster Denovo acquires Barker Poland corporate arm

17 Jul 2012

National IFA buys corporate division of wealth manager Barker Poland.

The value of retirement advice: up to £232 a month

16 Jul 2012

Unbiased and Standard Life survey reveals advised clients have twice retirement income of non-advised.

D2C website offers Voyant and FinaMetrica for free

12 Jul 2012

Money Guidance says it aims to “cut out the middle man” and “save investors thousands in fees.”

Disgust at handling of administration

12 July 2012

Investors wary of IFA sector

12 July 2012

Shareholder body urges voters to reject Lighthouse delisting

11 Jul 2012

ShareSoc says Lighthouse’s plan to delist from Aim would be “severely detrimental” to smaller shareholders.

Ex-Burns Anderson chief appointed PosSol and Origen non-exec

11 Jul 2012

Michael Hughes joins former Burns Anderson director Peter Coleman and Richard Pearson on the PosSol and Origen boards.

Axa Elevate removes switch fees for bundled structure

11 Jul 2012

Platform removes 0.25 per cent switch fees for bundled structure.

Honister latest: FSA aims to re-authorise most advisers within 5 days

10 Jul 2012

FSA says it is achieving its voluntary standard of authorising 85 per cent of advisers within five days.

Honister latest: Grant Thornton asks advisers to return client files

9 Jul 2012

Honister administrators Grant Thornton have written to former Honister advisers reminding them of their duty to return client files.

Large firms line up to offer home to ex-Honister advisers

6 Jul 2012

Openwork-owned IFA 2Plan offering Honister advisers route back to authorisation through its hybrid structure.

SimplyBiz asks members to house ex-Honister advisers

4 Jul 2012

Support services provider to put together directory of firms able to take on former Honister Capital advisers.

Aegon appoints three platform managers from rivals

4 Jul 2012

Aegon has appointed three new managers to its Aegon Retirement Choices team.

From iPad to platform for True Potential

29 Jun 2012

Restricted advice scrutiny warning

29 Jun 2012

Think small to build big

29 Jun 2012

Passport system analyses IFA operating costs

25 Jun 2012

The Ideas Lab has launched a proposition management system that allows firms to analyse their operating costs.

Distribution Tech's iPad app aims to bridge advice gap

21 Jun 2012

Distribution Technology today launches iPad app designed to help advisers service clients who can not afford face-to-face advice.

FNZ is Aviva’s choice to set up corporate platform

21 Jun 2012

Aviva has selected wrap software provider FNZ to power its corporate platform, Money Marketing understands.

Advisers could face having to pay charges

21 June 2012

Ex-Honister Capital chief Pearson joins PosSol as COO

21 June 2012

Standard adds risk-rating reporting tool

21 June 2012

Thorman forecasts market consolidation

21 June 2012

Towry paid £2.3m in costs after losing Raymond James case

21 June 2012

Tisa seeks members for restrictive covenants committee

20 Jun 2012

The Tax Incentivised Savings Association is seeking applications for membership of its restrictive covenants executive committee.

Broadstone and SEI in platform tie-up

19 Jun 2012

IFA firm Broadstone Pensions and Investments has chosen SEI to power its platform offering.

Bluefin IFA arm hit by redress and legal costs

18 Jun 2012

Axa-owned IFA Bluefin Personal Consulting has reported a £960,000 pre-tax loss for 2011, compared to a £270,000 profit in 2010.

Should platforms be adding VAT on bundled services?

15 Jun 2012

Raymond James says some platforms with a bundled offering are failing to charge VAT.

Standard launches MyFolio Lookthrough tool

14 Jun 2012

Standard says tool will support advisers improving reporting options and communication of MyFolio performance to clients.

Axa slashes third of bancassurance jobs

14 June 2012

Medical specialist IFA offers self-direct junior Isa

14 June 2012

Pearson Jones makes £2.2m provision in pension sales review

14 June 2012

FinaMetrica and Margetts launch risk description service

12 Jun 2012

Risk profiling firm launches risk descriptions with Margetts Fund Management for use on Margetts’ risk rated range of funds.

Axa cuts 70 Yorkshire and Clydesdale adviser roles

12 Jun 2012

Axa Bancassurance cuts 70 bank assurance adviser roles in Yorkshire and Clydesdale Banks.

Pearson Jones makes £2.2m pension redress provision

8 Jun 2012

Skipton Building Society-owned IFA firm sets aside £2.2m for redress over pension sales of Parnell Fisher.

Novia launches portfolio management tool

7 Jun 2012

Novia unveils new portfolio managment tool Model Portfolio Manager for DFMs and advisers.

Skandia reduces trail on M&G and Invesco bond funds

7 Jun 2012

Skandia cuts trail commission paid to advisers on Invesco and M&G bonds from 0.35 per cent to 0.25 per cent saying current level is unsustainable.

'Build stronger relationships to keep clients'

7 June 2012

FSA says Ucis stance won't have bearing on independence

7 June 2012

IFAs challenge Skandia move to impose fees

7 June 2012

Non-deal is the clause of choice

7 June 2012

KPMG: Regulation is damaging retirement advice

6 Jun 2012

Regulation is driving advisers to de-risk retiring client’s portfolios too soon, according to research by KPMG.

Sesame reveals investment proposition details

6 Jun 2012

Sesame and Henderson launch unbundled tailored portfolios with 1.05 per cent TER.

Advisers back call to tackle free banking myth

1 Jun 2012

Advisers have backed calls by BoE executive director Andrew Bailey for banks to stop perpetuating the “dangerous myth” that banking services are free.

Pru's US arm acquires part of Swiss Re

1 Jun 2012

Prudential’s US subsidiary Jackson National Life is to acquire part of Swiss Re’s US Life Assurance business for £398m.

Transact: Cash rebate ban would create huge consumer detriment

1 Jun 2012

Transact warns of “dangerous semantic distraction” from the problems that would be caused by a cash rebate ban.

Towry appoints head of advice policy

31 May 2012

Coutts head of private banking Kate Turner replaces John Richardson who becomes head of retirement planning.

Andrew Fisher says consensus on restrictive covenants is 'impossible'

30 May 2012

Towry CEO Andrew Fisher has dismissed Tisa’s efforts to develop standard protocol for advisers.

Skandia launches adviser charging structure

30 May 2012

Skandia has started taking applications for adviser charging through its platform.

PosSol compliance chief joins Royal London

30 May 2012

Positive Solutions risk and compliance director James McCourt is joining Royal London as head of regulatory compliance and risk.

Law firm sets out Arch cru redress battle plan

29 May 2012

Foot Anstey has set out to advisers how it will legally fight against the FSA’s Arch cru redress scheme.

Three plead guilty to insider dealing

28 May 2012

Three people have pleaded guilty to insider dealing in a prosecution brought by the FSA.

Lloyds of London prepares for eurozone collapse

28 May 2012

Chief exec of Lloyds of London says firm is preparing for a collapse in the eurozone and is reducing exposure to the continent “as much as possible”.

FSA: Paraplanners should challenge advisers on suitability

25 May 2012

The FSA says paraplanners should be challenging advisers over suitability letters to ensure client needs are being met.

Execution-only will retain poorer clients after RDR

24 May 2012

Adviser firm HHPG Wealth Management is launching a direct-to-consumer proposition next month aimed at clients who cannot afford advice after the RDR.

Nucleus appoints investment operations manager

24 May 2012

Nucleus appoints Standard Life’s Martin Leckie as investment operations manager.

Brewin Dolphin set for True Potential deal

24 May 2012

Brewin Dolphin is set to appoint True Potential to provide back-office software for its financial planning arm.

Transact tops The Platforum Q1 leaderboard

23 May 2012

Transact tops The Platforum leaderboard for the first quarter of 2012, with Skandia in second place and Standard Life in third.

SimplyBiz and Verbatim launch DFM service

21 May 2012

SimplyBiz and Verbatim Asset Management launch discretionary fund management solution, Verbatim Discretionary Service.

FSA sounds note of warning on execution-only

18 May 2012

The FSA has raised concerns about advice firms moving into the execution-only market, saying it fears some may not properly implement its disclosure requirements.

PIMS: Firms say FSA is unsure over role of platforms

17 May 2012

Axa and Seven Investment Management says FSA confused over whether platforms are service providers or product providers.

Avelo acquires Trigold-Crystal

17 May 2012

JLT puts hold on transfer exercises

17 May 2012

Tenet CPD programme gets CII accreditation

15 May 2012

Tenet programme for continuing professional development has been awarded Chartered Insurance Institute accreditation.

Avelo to rebrand TrigoldCrystal as Avelo Trigold

14 May 2012

Mortgage sourcing system TrigoldCrystal to become Avelo Trigold following acquisition.

Skandia assets top £40bn as total platform assets near £200bn

10 May 2012

Skandia increases AUA to £40.2bn in the first quarter of 2012, an increase of 6 per cent from £38bn in Q4 2011, according to The Platforum.

Independent advice and restricted for On-Line after Whitechurch deal

10 May 2012

Hargreaves corporate wrap to offer flex benefits and auto-enrolment

8 May 2012

Hargreaves teams up with Staffcare to enhance employee benefits service.

Phil Billingham quits Threesixty

8 May 2012

Head of business consultancy Phil Billingham will be replaced by Ernst & Young business development leader for financial services Innes Miller.

Ex-Lifeboat team help set-up new non-advised service

4 May 2012

Former Principality Building Society head of group financial services Neal Pritchard and IFA firm Network Direct are setting up a new portal.

IFDS targets full platform solution

3 May 2012

International Financial Data Services is looking to offer firms a full platform solution, Money Marketing understands.

Chubb quits 'unprofitable' IFA PI market

3 May 2012

GBST UK head Wilkinson takes director role at IFDS

3 May 2012

McGee returns to Intelliflo for provider and client role

3 May 2012

PosSol director McCourt quits

3 May 2012

American tech firm acquires Assureweb

2 May 2012

American technology firm iPipeline completes acquisition of quotation portal Assureweb.

Nucleus reduces losses to £960,000

1 May 2012

IFA-owned wrap reduced its pre-tax losses to £960,000 in 2011 compared to a £3.3m loss in 2010.

Whitechurch moves into profit for 2011

1 May 2012

The Whitechurch Network posts £58,848 pre-tax profit for 2011 after posting a £103,077 loss in 2010.

AWD picks Cofunds for mass affluent clients

30 Apr 2012

AWD Chase de Vere appoints Cofunds as main platform provider for clients with investments between £50,000 and £375,000.

FSA sets up £100m Arch cru consumer redress scheme

30 Apr 2012

FSA launches three-month consultation into establishing consumer redress scheme for those missold Arch cru investments.

PosSol compliance director quits

30 Apr 2012

Positive Solutions risk and compliance director James McCourt leaves firm for product provider.

One third of advisers will offer self-direct services

27 Apr 2012

One third of advisers are offering or will offer self-directed service post-RDR, according to research by Cofunds.

Nucleus adds access and control tools to platform

26 Apr 2012

Nucleus adds new functionality to platform which it says gives advisers more control and access to client accounts.

IFDS poaches GBST UK business head

26 Apr 2012

GBST Wealth Management head of UK business Ian Wilkinson to join technology firm IFDS as director of platform technology.

7IM profits soar 82%

26 April 2012

Former HBOS head Cummings appeals against warning notice and fine

26 Apr 2012

Permanent role for Tenet interim chief Greenwood

26 April 2012

Intelliflo appoints provider and client consultant

25 Apr 2012

Kieran McGee returns to Intelliflo after two years with Focus Solutions.

Foster Denovo posts £1m pre-tax profit

24 Apr 2012

National IFA increases pre-tax profits by 75 per cent to £1m.

Osborne transparency plea over new BoE head

23 Apr 2012

Chancellor George Osborne says selection of the next Bank of England governor will be carried out openly and transparently.

Cofunds announces £7.1m profit for 2011

19 Apr 2012

Cofunds has posted a pre-tax profit of £7.1m for 2011, a fall compared to the £7.9m profit posted for 2010.

Platforms protest at FSA rules on fund information

19 Apr 2012

Transact, Ascentric and Cofunds have hit out at new FSA rules that require platforms to send detailed fund information to advised investors.

FSCS starts Lifemark claims against IFAs

19 Apr 2012

Financial Services Compensation Scheme starts legal proceedings against firms who recommended Keydata Lifemark products.

Axa Wealth development role

19 April 2012

Platform costs take further toll on Elevate operator

19 April 2012

Towry looks at closing two offices

19 April 2012

Whitechurch ditches restricted plan

18 Apr 2012

The Whitechurch Network now intends to remain fully independent after the RDR, despite previous plans to offer a restricted service.

Canadian bank head approached to replace Mervyn King

18 Apr 2012

Governor of Canada’s central bank Mark Carney in the to replace Bank of Governor Mervyn King in June next year.

Towry set to close Norwich office

17 Apr 2012

Towry looks to close down Norwich office and consolidate Belfast and Londonderry offices.

Government may offer concessions on charity tax relief

16 Apr 2012

Osborne ready to soften stance on charitable donations tax relief limit but will not exempt donations altogether.

Pricing row as big platforms start unbundling

13 Apr 2012

Fidelity FundsNetwork stole a march on rivals by last week becoming the first of the “big three” platforms to launch an unbundled pricing model.

Axa Wealth appoints head of business development

13 Apr 2012

David Stratton was previously regional sales manager for the midlands.

Axa platform sees 'expected' losses increase to £33.5m

11 Apr 2012

Firm responsible for Elevate platform sees losses increase to £33.5m as it spends £3.2m on Elevate.

Capita to merge pension arm with new acquisition Bluefin

11 April 2012

Capita to merge Capita Hartshead and Bluefin Corporate Consulting

5 Apr 2012

Capita will merge the two businesses by the end of the year.

Avelo poaches Intelliflo head of business development

2 Apr 2012

Avelo intermediary sales director Andy Watts leaves to be replaced by Intelliflo director of business development Sophie Hall.

Intrinsic merging IFA arms to form 600-firm network

29 Mar 2012

Intrinsic is merging its IFA arms Intrinsic Wealth Management and Mint Financial Services to form a new IFA network, Intrinsic Independent.

Ex-Lloyds MD joins Friends as risk chief

22 March 2012

Saxo Bank launches execution-only platform

19 Mar 2012

Saxo Bank launches execution-only platform for retail investors.

Towry non-exec chairman Glyn Jones quits

16 Mar 2012

Towry non-executive chairman Glyn Jones will be replaced by non-executive director Gerald Corbett.

Ex-Lighthouse chief Rosengren joins Rowan Dartington

15 March 2012

Regulator will look for advice biases after RDR

15 March 2012

American firm in talks to acquire Assureweb

14 Mar 2012

American technology company iPipeline is in talks to acquire Assureweb, Money Marketing understands.

FSA: Networks face further strain and risk

13 Mar 2012

Networks’ systems and controls facing further stress and risk in 2012 and beyond the RDR, according to the regulator.

New platform paper this month as FSA warns on corporate wrap

13 Mar 2012

FSA confirms intention to publish another platform consultation paper by the end of the month.

Allan Rosengren joins Signature

12 Mar 2012

Rowan Dartington appoints Allan Rosengren as relationship development director with its discretionary management service, Signature.

Sesame chairman Ivan Martin quits Avelo board

9 Mar 2012

Sesame Bankhall Group chairman Ivan Martin steps down as a non-executive director of Avelo to avoid a potential conflict of interest.

Towry told to repay trail that took over a year to transfer

8 Mar 2012

FOS orders repayment of trail Towry received on two clients’ investments during transfer delays lasting up to 14 months.

Court rejects Adviser Alliance bid for long-stop judicial review

8 March 2012

Macari joining Aegon UK as head of platform consultancy

8 March 2012

Profits soar by 77% for buoyant True Potential

8 March 2012

Skandia drops platform price comparisons

8 March 2012

Succession hires former Park Row compliance manager

5 Mar 2012

Christian Captieux will head up Succession’s newly created compliance division.

PosSol launches annuity service

5 Mar 2012

Positive Solutions has partnered with technology provider TOMAS to launch Positive Annuities.

Paradigm appoints group finance director

1 Mar 2012

Noel Stubley joins from Lloyds Banking Group.

Skandia pulls its platform PriceWatch service

1 Mar 2012

Skandia UK has dropped the PriceWatch service from its platform due diligence service, Platformwatch.

Coleman takes over as Reeve quits PosSol

1 March 2012

FSA says specialists can be independent

1 March 2012

Guidance from the FSA says firms can specialise in specific areas of advice and still meet the independence requirements.

Platform re-reg classed as non-advised

1 March 2012

Platform re-registration will be classed as a non-advised process after the RDR, meaning legacy commission can continue to be paid.

Skandia tops Platforum table

1 March 2012

IFA social media pilot launches

29 Feb 2012

Financial technology firm cloudFinS launches pilot to work with IFA firms to create social media networks and remain FSA compliant.

Openwork sets up adviser loan deal

28 Feb 2012

The cash flow finance initiative will give advisers access to loans with Openwork paying broker fees.

FSA refuses to budge on re-reg advice definition

27 Feb 2012

FSA confirms platform re-registration classed as non-advised post-RDR, therefore allowing legacy commission to continue to be paid.

FSA offers clarity for firms operating hybrid advice models

27 Feb 2012

FSA guidance says firms offering restricted and independent services post-RDR may need two trading names to separate services.

FSA set to probe restricted advice panels

23 Feb 2012

The FSA is set to probe the way distributors compile their restricted advice panels in the lead-up to the RDR, Money Marketing understands.

FundsNetwork seals Barclays Stockbrokers tie-up

22 Feb 2012

Barclays Stockbrokers appoints Fidelity FundsNetwork as its exclusive fund platform.

SJP sees distribution profits rise 5 per cent

22 Feb 2012

St. James’s Place announces pre-tax profits rise of 5 per cent for distribution business.

Threesixty raises concerns over adviser platform deals

17 Feb 2012

Threesixty says the FSA may look to ban advisers from taking margins from platforms under distribution deals.

The Towry allegations

15 Feb 2012

The court case brought by Towry against IFA firm Raymond James and seven former Edward Jones advisers centred on allegations that advisers breached non-solicitation clauses in their restricted covenants and solicited clients.

Raymond James advisers express anger over Towry allegations

15 Feb 2012

Anger expressed over Towry’s unfounded allegations that they conspired to break their Edward Jones contracts.

7IM integrates Voyant service onto platform

13 Feb 2012

Financial technology firm Voyant has integrated with the Seven Investment Management platform.

Novia warns on cost of white-label execution-only service for IFAs

9 Feb 2012

Skandia IT head Tye quits

9 Feb 2012

Skandia head of IT Catherine Tye has left the firm.

Guide to advice service offering online directory

9 February 2012

Private equity firm takes joint control of wrap provider FNZ

8 Feb 2012

General Atlantic has taken joint control of wrap software provider FNZ Group, alongside HIG Capital and FNZ senior management.

Tenet: Set aside differences and back a trade body

3 Feb 2012

Tenet says IFAs need to put aside some of their differences and show support for a single trade body if they are to have a united voice and lobby effectively.

Tech providers warn London Olympics could bring down internet services

3 Feb 2012

Technology experts have warned advisers, providers and platforms to put contingency plans in place as internet services may be disrupted during the London Olympics.

Call for RDR qualification clarity on EIS and ETFs

2 Feb 2012

Threesixty is calling for the FSA to clarify over which QCF level four qualifications they require.

Direct platform for Stanley

2 February 2012

'FSA is still determined to bring in simplified advice'

2 February 2012

Former RBS chief Goodwin stripped of knighthood

31 Jan 2012

Former Royal Bank of Scotland chief executive Sir Fred Goodwin has been stripped of his knighthood.

Charles Stanley to launch D2C platform

27 Jan 2012

Charles Stanley is launching a direct to consumer platform and will partner with retail asset aggregation service AllMyPlans.

Finansec joins Sesame

27 Jan 2012

Sesame has added Epping wealth management firm Finansec as a network member.

Assureweb is first portal quote integration for Iress

26 January 2012

Defaqto appoints chief technology officer

24 Jan 2012

Asitha Rodrigo joins research firm from Standard and Poor’s.

Perspective raises £3.5m for acquisitions

23 Jan 2012

Perspective Financial Group raises £3.5m through long-term partners Lloyds Bank Wholesale Banking and Markets.

Do conflicts cloud platform share schemes?

20 Jan 2012

True Potential’s new share deal for advisers has reignited debate on the potential conflicts of interest that have to be managed as part of such arrangements.

Capita announces new software spend as it shuts Bishop's Stortford office

19 Jan 2012

Capita Financial Software is to spend £4m on software solutions in 2012 after moving its headquarters.

Sesame appoints senior research manager

19 Jan 2012

Rory Gravatt joins Sesame Bankhall Group from Distribution Technology.

Advisers hit out at Which? fee probe

19 January 2012

Lloyds announces 700 job cuts

18 Jan 2012

Lloyds Banking Group announces 700 job cuts in various parts of business as part of plan to reduce 15,000 roles.

Sense appoints Stephen Young as commercial director

16 Jan 2012

Knutsford-based network appoints former Sesame chief operating officer Stephen Young as commercial director.

Defaqto poaches Bluefin research head

16 Jan 2012

Bluefin head of research and development David Cartwright joins Defaqto as head of insight.

Which? research finds wide variations in advice fees

14 Jan 2012

Which? says research shows that advisers charge a “huge variation” of charges for services.

Tenet poaches Lloyds UK Wealth regulatory manager

13 Jan 2012

Tenet appoints Simon Thomas as head of regulatory policy and David Pearce as head of training.

Skandia develops legacy switch technology

12 Jan 2012

Skandia is developing technology to transfer legacy products to adviser-charging electronically as part of its drive to make its platform RDR-ready.

Aifa calls for trail to continue until products are terminated

12 Jan 2012

Aifa has urged its members to support its stance that trail commission continue to be paid until a product matures or is terminated.

True Potential is offering shares for sales to advisers

12 January 2012

Succession adds four new firms

10 Jan 2012

IFA consolidator adds four new partner firms with total of just under £500m AUM.

Ascentric appoints sales and marketing director

9 Jan 2012

Mike Morrow joins Ascentric from HSBC where he was UK head of commercial wealth management.

True Potential offers new share deal to advisers

6 Jan 2012

True Potential offers its advisers shares along with 50 per cent uplift on investments over £1.2m on its Wealth Platform.

Platforms fear legacy plan will scupper re-registration

6 Jan 2012

Platforms say classing re-registration as a non-advised process will allow legacy commission to continue to be paid after the fund switch.

PwC fined £1.4m for failing to notice JPM breaches

6 Jan 2012

UK arm of PricewaterhouseCoopers fined £1.4m and severely reprimanded by Accountancy & Actuarial Discipline Board.

Bluefin Wealth Management rebrands

4 Jan 2012

Bluefin Wealth Management will now come under the name of Bluefin Personal Consulting.

Deloitte appoints Michael Coogan as strategic adviser

4 Jan 2012

Deloitte appoints former CML director general to role of startegic adviser to its financial services practice.

Iress poaches Focus client architecture head

4 Jan 2012

Carol Blair joins software firm from Focus Solutions while Simon Thomas and Johann Koch also join.

Honister reassures investors over liability costs

3 Jan 2012

Statement by Honister Capital says firm will be able to pay debts over next 12 months.

Ascentric calls for new joint action on cash rebate ban

21 Dec 2011

Ascentric is calling for platform providers to submit a third joint response to the FSA outlining their opposition to a cash rebate ban.

Intelliflo data fee request rejected

15 Dec 2011

Novia and AJ Bell have both rejected requests from Intelliflo to pay a percentage of client assets per year rather than an upfront fee to integrate client data.

£3.5M fine for Transact on client cash calculations

15 December 2011

RSM Tenon sounds performance warning

13 Dec 2011

RSM Tenon has warned about its performance amid uncertain economic conditions.

Sanlam acquires client bank of London-based adviser firm

13 Dec 2011

Sanlam Private Wealth pays undisclosed sum for LAM client bank with £44m assets.

Novia poaches head of operations from Skandia International

12 Dec 2011

Sally Stephens joins the platform from Skandia International.

Origen appoints sales head and interim compliance director

8 Dec 2011

Nick Foster becomes head of central sales and development and Kevin Gravener interim compliance director.

Adviser anger over Axa annuity commission share offer

8 Dec 2011

An adviser has hit out at Axa Wealth for contacting his client directly with a quote for a Legal & General annuity.

Transact fined £3.5m for client money breaches

8 Dec 2011

FSA fines wrap platform £3.5m over failings in relation to protection of client money.

Succession to start wealth arm with its first five acquisitions

8 Dec 2011

AWD founder quits Swiss Life board following media allegations

7 Dec 2011

Swiss Life director Carsten Maschmeyer quits board and reduces equity holding to less than three per cent.

FSA issues guidance on non-execs' TCF duties

7 Dec 2011

Regulator has issued guidance highlighting non-executive director duties for treating customers fairly.

Statutory residence test rules delayed until 2013

6 Dec 2011

The Treasury has announced that the statutory residence test will be put back 12 months.

Corporate platforms should not be used to "flog products"

2 Dec 2011

Platform consultant says corporate platforms should not use offering just as way of selling products.

AS 2011: Cash for SMEs will fund acquisitions

1 Dec 2011

Advisers have welcomed moves to boost lending to small and medium-sized enterprises, saying it will allow IFA firms to fund acquisitions.

Clydesdale and Yorkshire set up second securitisation

1 December 2011

Tenet appoints two non-exec directors

1 December 2011

Bluefin clients follow Mike Godfrey to Cube

25 Nov 2011

A large number of Godfrey’s clients have transferred to his new firm.

Australian software firm Iress plans £10m push

24 Nov 2011

Iress expects to invest £10m in the next three years establishing a presence in the UK.

Tenet will appoint new chief exec by end of year

24 Nov 2011

Tenet says it will appoint a new chief executive before the end of the year but has ruled out interim chief executive Martin Greenwood.

Distribution Technology adds segmentation tool

21 Nov 2011

Distribution Technology has added a segmentation tool to its Dynamic Planner service.

Aegon: Why we launched cash-rebate model despite FSA plans

18 Nov 2011

Aegon says it is operating a cash-rebate model on its at-retirement platform.

Ex-Cofunds director sets up consumer platform

17 November 2011

Skandia Investment Group planning move to London

17 November 2011

Aegon soft-launches platform and unveils charges

14 Nov 2011

Aegon Retirement Choices has soft-launched today to a limited number of around 50 adviser firms.

FSCS starts interim levy refund

11 Nov 2011

The FSCS has begun refunding firms successful in requesting interim levy reductions.

Adviser slams PruProtect for contacting client with cover deal

11 Nov 2011

PruProtect has apologised after it repeatedly contacted an IFA’s client directly to sell them whole of life cover.

FSA rethinks complaint figure over data

10 Nov 2011

Skandia Investment Group relocates to London

9 Nov 2011

Skandia Investment Group has announced it will relocate all UK staff to London from Southampton.

Aegon reveals its wrap platform branding

9 Nov 2011

Aegon Retirement Choices is on track for its launch in Q4 of this year.

FSA sets out new RMAR and complaint rules

8 Nov 2011

The FSA confirms advisers will have to provide more data relating to adviser charging models and complaints.

Novia appoints compliance head

7 Nov 2011

Novia appoints Chris Blakeley as head of risk and compliance.

Due diligence warning if IFAs re-reg too often

3 Nov 2011

IFAs who re-register client assets too often after the RDR could find their platform due diligence process under FSA scrutiny, according to Calastone.

Tenet: 80% of IFAs need to widen advice range

28 Oct 2011

Tenet says 80 per cent of IFAs will have to change their business model to remain independent after the RDR.

Ascentric aims to add annuities to platform in 2012

27 Oct 2011

Ascentric managing director Hugo Thorman says the platform plans to make annuities available before the end of 2012.

Aegon UK COO Black quits to be consultant

27 October 2011

Half of advisers would shun small pension pots

27 October 2011

PosSol new deal still on course to sign up 100 firms

27 October 2011

HSBC head of financial planning quits

26 Oct 2011

Bank says Paul Stanley left this month for personal reasons.

Tenet group operations director departs

25 Oct 2011

Tenet group operations director Mike McGaughrin has left the firm as part of a restructure.

Mifid draft confirms no commission ban for non-independents

20 Oct 2011

Latest Mifid II draft says commission will be banned for independent advisers but does not mention other types of advice.

NAPF: One in three will shun auto-enrolment

20 Oct 2011

A study by NAPF says 32 per cent of people are unlikely to stay in workplace pensions.

Royal London says its direct service is no threat to IFAs

20 October 2011

Aegon distribution chief Iain Black quits

19 Oct 2011

Iain Black left Aegon at the end of September as chairman of distribution Patrick Gale takes over his duties.

'Take Ucis with a pinch of salt'

14 Oct 2011

S&P cuts Spain credit rating

14 Oct 2011

Standard and Poor’s cites weak growth and high private-sector debt for Spain’s drop to AA-.

FSA warns revenue-share deals will be outlawed under RDR

14 Oct 2011

The FSA has warned that revenue-sharing arrangements will not be allowed to continue after the RDR.

Skandia: Platforms could spell end for Sipps

13 Oct 2011

Skandia UK marketing director Nick Dixon says advisers will be able to manage and advise on pensions via platforms.

Tyrie: 'Wonderful opportunity' to improve FCA accountability

13 Oct 2011

TSC chairman has told financial services firms they have a “once in a generation opportunity” to improve the accountability of the FCA.

Chris Gilchrist quits Churchill in split over charging strategy

13 Oct 2011

Churchill Investments director Chris Gilchrist has left the firm after a disagreement with fellow director Jamie Ware over the future direction of the business.

FSA avoids setting deadline on research into rebate ban

13 Oct 2011

The FSA says it has not set a date to complete its research into the proposed ban on rebates between platforms and clients and provider payments to platforms.

Australia rejects blanket ban on rebates

13 October 2011

Sanlam UK picks Van der Merwe as chairman

13 October 2011

Nest links with Aviva for pension top-up

11 Oct 2011

Nest Corporation will offer the Nest pension scheme to its staff, with Aviva providing a top-up GPP for people who reach the £4,200 contribution limit.

Cofunds appoints head of sales

10 Oct 2011

Andy Coleman was previously Axa Wealth sales director.

Towry head of compliance quits

6 Oct 2011

Towry head of risk and compliance Nick Anderson has resigned from the firm.

Complainants' fees should be spread to FOS

6 Oct 2011

Advisers want the Government to extend its plan to introduce fees for employment tribunal complainants to the FOS.

Atkinson back at Openwork to build up recruitment

6 Oct 2011

Openwork has appointed Keith Atkinson to the new role of business acquisition director.

400 Advisers quit Openwork as losses increase to £8.5m

6 October 2011

'Platform help for RDR is marketing effort'

6 October 2011

Advisers should be wary of platforms offering business transition services, according to round table panellists.

Sanlam UK appoints van der Merwe as chairman

5 Oct 2011

Johan van der Merwe was previously Sanlam Investment Management chief executive.

Axa Elevate to waive platform charge on Architas funds

3 Oct 2011

Axa is to waive the platform charge for those who invest in Architas funds through its Elevate platform before the end of 2011.

Falcon wind-up sees Lighthouse post £2.4m loss

29 September 2011

FSA issues warning on Difs advice

29 September 2011

Openwork to go ahead with IFA 2Plan network

29 September 2011

Voyant platform offers online client portals

29 September 2011

FSA sounds independence warning over distributor influenced funds

27 Sep 2011

FSA head of investment policy Peter Smith says it will be difficult to remain independent and advise on Difs.

FSA to quiz consumers over platform payment ban

23 Sep 2011

Regulator to begin platform research on consumer engagement in October.

Customers may be hit by cost of unbundling

23 Sep 2011

Advisers are concerned that Cofunds’ unbundled pricing model will result in higher costs for consumers.

Average annual adviser revenue reaches £165k

22 Sep 2011

Research by Owen James shows that the average median revenue per adviser is £165,136 a year in the UK.

Martin Davis: "We want a clean share class....it is not complicated'

22 Sep 2011

In an interview with MM, Cofunds chief rejects suggestions that Fidelity FundsNetwork upstaged its unbundled pricing model.

'An equivalent to VAT should be imposed on financial services'

22 September 2011

FSA concern at Euro schedule

22 September 2011

Skandia and Fidelity reject call for clean class

22 September 2011

Skandia and Fidelity have both ruled out following Cofunds’ lead in asking fund managers for a clean share class.

Skandia UK to axe 86 jobs

21 Sep 2011

Skandia UK is making job cuts across its platform and life operations.

Voyant offers help producing consumer facing websites

21 Sep 2011

Canvas will provide solutions aimed at larger advisers, banks and wealth management companies.

European Commission looks at synthetic ETF crackdown

20 Sep 2011

FSA welcomes strong statement from EC head of asset management.

Aifa in warning over name and shame plan

16 Sep 2011

Aifa has voiced concerns that the FOS plans to name and shame financial firms when publishing ombudsman decisions could make them a target for claim management firms.

SJP appoints Iain Cornish in non-exec role

16 Sep 2011

Iain Cornish is currently chief executive of Yorkshire Building Society.

UK Government suing ECB over clearing house proposals

15 Sep 2011

ECB rules would force large clearing house to relocate to eurozone from London.

More jobs go as Aegon continues to cut costs

15 September 2011

Tisa's launch to ease fund re-registration

15 September 2011

IFS wants VAT extended to financial services

14 Sep 2011

Mirrlees Review says VAT should also be applied to all spending to reduce complexity.

SimplyBiz ties up with Capita protection portal

13 Sep 2011

Webline to replace 1st-The Exchange as provider of SimplyBiz complimentary protection portal.

MPs raise concerns over DWP cuts

13 Sep 2011

Public Accounts Committee raises concerns over Department for Work and Pensions plan to reduce costs.

Ed Miliband: Bad bankers should be struck off

12 Sep 2011

Labour leader says banking industry must “take some responsibility”.

Tisa re-registration scheme opens for business

9 Sep 2011

Association is inviting members to join Tisa Exchange Limited.

IT failure halts ifs adviser exams in 22 centres

9 Sep 2011

Technical problems at 22 centres have prevented advisers from sitting an online IFS exam.

Pension firms urged to give equal rights to civil partners

8 Sep 2011

IFAs are calling on companies to give civil partners the same pension benefits as spouses despite a loophole in the Equality Act.

Openwork set to convert 2Plan into a network

8 Sep 2011

Openwork is looking to turn national IFA 2Plan Wealth Management into a network, Money Marketing understands.

Gilmour quits Sesame after less than year

8 September 2011

Old Mutual chief Head leaving after hitting his £45m cost-cutting target

8 September 2011

PFS appoints new president

7 Sep 2011

Jon Everill has been announced as the new PFS president at the body’s AGM.

Ascentric's Richard Goodall poached by SEI

7 Sep 2011

Sales and marketing director Richard Goodall is joining SEI as head of sales and marketing, Money Marketing understands.

Richard Goodall quits Ascentric

6 Sep 2011

Ascentric sales and marketing director Richard Goodall has left the wrap provider.

Openwork appoints Nucleus co-founder Philip Martin as director

5 Sep 2011

Philip Martin was one of the founders of Nucleus in 2006.

Old Mutual chief exec Bob Head resigns

2 Sep 2011

Bob Head has been chief executive since 2009 and will leave the firm in October.

Succession finance director quits as firm relocates to Plymouth

1 Sep 2011

Finance director Alan Wardrop leaves firm as part of management restructure.

IFP says simplified advice needs to be built from scratch

1 Sep 2011

The Institute of Financial Planning is calling for a full review of simplified advice outside of the RDR.

LV= to change marketing material after IFA client poaching concern

1 Sep 2011

Mutual is amending its client communication package after an IFA complained to Money Marketing that its marketing literature undermines advisers.

Aegon picks Young as life and pension COO

1 September 2011

Openwork looks to launch new national proposition

31 Aug 2011

Firm looking to launch a new national arm in the next 12 months.

Towry increases AUM 29% to £4.5bn

30 Aug 2011

National IFA grows assets under management by 29 per cent.

Andrew Strange wins plaudits for Aifa role

26 Aug 2011

Advisers praise Aifa policy director’s contribution to the IFA market.

Trade bodies unite to tackle legacy commission issue

25 Aug 2011

Adviser and provider trade bodies are working together to address the FSA’s concerns over legacy commission.

True Potential offers legacy pension transfer aid

25 Aug 2011

Firm offering a transfer toolkit to help advisers transfer legacy pension and investment assets into more suitable products.

Axa Wealth plans to double assets by 2015

25 August 2011

FSA simplified advice guidance delayed

24 Aug 2011

Regulator will now only commit to publishing simplified advice guidance later this year.

Honister Capital to make job cuts in restructure

22 Aug 2011

Increased regulatory and trading costs in advisory businesses forces firm to reduce staff.

Openwork adviser axed in Ucis row may launch legal action

19 Aug 2011

An adviser is considering taking legal action against Openwork for breach of contract after he and another adviser were dismissed from the network for promoting Ucis funds.

2plan secures High Court victory against ex-adviser

12 Aug 2011

Firm wins £87,000 after acquired firm Source failed to comply with contractual obligations.

Police drop probe on ex-SJP adviser

11 August 2011

Axa platform sees AUM pass £2bn

8 Aug 2011

Platform business now accounts for 40 per cent of all sales.

Ban may cover non-advised

5 Aug 2011

The treatment of provider payments to both advised and non-advised platforms will be considered by the FSA as part of its proposal to ban the payments.

Isa managers may fall into platform classification

5 Aug 2011

Some Isa managers are likely to be caught up in the definition of a platform because an Isa is classed as a tax wrapper rather than a retail product.

Platforms have responsibility for orphan clients

5 Aug 2011

Platforms have been told they must consider how they will treat orphaned clients who no longer want to deal with their adviser, especially when they have no direct-to-consumer offering.

Skandia platform hit by power outage

4 Aug 2011

Platform services down since this morning.

Police drop investigation into ex-SJP adviser

4 Aug 2011

41-year-old man released from bail due to insufficient evidence.

Founder Hudson steps down at Tenet

4 August 2011

Ingram leaves threesixty

4 August 2011

Source sets up platform for OPPs

4 August 2011

Standard launches client reporting tool

3 Aug 2011

Standard says tool enables bespoke client reports.

Barclays profits fall 33 per cent due to PPI payouts

2 Aug 2011

Profits fall to £2.6bn as £1bn is set aside for PPI.

FSA sets no new deadline for rebates ban implementation

1 Aug 2011

Regulator says time will depend on “what we consult on.”

FSA says platforms must consider orphan client strategies

1 Aug 2011

Regulator says platforms need to “carefully consider” contractual obligation to clients who leave their adviser.

Cabinet rift over 50p tax rate

1 Aug 2011

Danny Alexander says those expecting tax breaks for wealthy are “living in cloud cuckoo land”.

FSA platform paper delayed until next week

29 Jul 2011

Regulator confirms platform policy statement delay.

Chelsea launches lowest ever five-year fixed rate mortgage

28 Jul 2011

Five-year fixed mortgage at a rate of 3.39 per cent.

Entrepreneur launches bid for Lloyds branches

28 Jul 2011

Hugo Osmond goes head to head with NBNK and Co-coperative Group.

FNZ aiming for £100bn

28 July 2011

Nucleus launches new gross interest account

27 Jul 2011

Wrap says account eliminates delays in reclaiming tax.

Friends Life international MD to leave

27 Jul 2011

Roco Sepe has been with Friends for 20 years.

Cofunds to support SEI offering

27 Jul 2011

Platform to provide Global Wealth Services dealing, settlement and sub-custodian services.

Whitechurch Network to launch restricted advice service

21 Jul 2011

The Whitechurch Network is planning to launch a restricted advice proposition, saying the decision is “a no-brainer”.

Sense Network sees profits triple to hit £260,000

21 July 2011

Bruce Wilson joins Nucleus board as non-exec

21 July 2011

Harry Kerr

21 July 2011

Large distributors support TSC call for RDR delay

19 Jul 2011

Openwork, SimplyBiz and Foster Denovo back Treasury select committee’s view that the RDR should be delayed.

Nucleus appoints Bruce Wilson and John Moore as non-execs

18 Jul 2011

John Moore and Bruce Wilson will join board immediately.

Tisa and platforms press FSA for delay to cash rebate ban

15 Jul 2011

Industry calls for delay to cash rebate ban.

Standard Life sacks Vebnet sales chief after internal review

14 July 2011

Parmenion adds risk rated portfolios to platform

11 Jul 2011

Frontier Investment Management funds blended across six asset classes.

Openwork completes 2plan acquisition

11 Jul 2011

FSA approval for acquisition granted on July 5.

Standard says face-to-face advice not needed for mid-market

11 Jul 2011

IFAs should develop web and phone-based arrangements to continue to service mid-market clients profitably after the RDR, says the provider.

Ascentric adds new tax wrapper

8 Jul 2011

Platform adds Sanlam TPP to wrapper offering.

Aegon blundered on minimum pension age

7 Jul 2011

Aegon has apologised after it sent a pre-retirement letter to a client saying he could take pension benefits at 50.

Bank to keep 60% stake in St James's Place

7 July 2011

Openwork appoints new chief executive

30 Jun 2011

COO McIntyre replaces Martin Davis.

Panel makes plea for delay to RDR

30 June 2011

Sants says FSA could rethink Pifs adequacy deadlines

30 June 2011

'We were woeful,' says Turner, in pledge over RBS probe

30 June 2011

FSA report into RBS to be "openly self critical"

23 Jun 2011

Lord Turner says FSA will produce most “openly self critical report of any organisation.”

NPI blunder doubled 12,000 pension projections

23 Jun 2011

Around 12,000 NPI pension policyholders received annual projections twice their actual value after a system error.

Advisers use just a third of platform functions

23 June 2011

Capita rethinks Client Care

23 June 2011

Intelliflo integrates IO with Ascentric

23 June 2011

Former Edward Jones adviser denies client solicitation

22 Jun 2011

Adviser Stuart Hutton cites “strong personal relationship” with clients during the Towry/EJ court case.

Defaqto issues platform due diligence guide

20 Jun 2011

Key areas include financial strength and range of tax wrappers.

Avelo appoints new chief tech officer

16 Jun 2011

James Thomson previously worked at Odyssey Financial Technologies.

Fidelity and Ascentric in first Swift re-reg

16 June 2011

FundsNetwork, Skandia and Cofunds vie for leading role

16 June 2011

Plunging prices as providers feel pressure

16 June 2011

Fisher accused of being "aggressive and threatening" to EJ advisers

15 Jun 2011

Towry chief exec says firm wanted to be “nurturing” and “comforting”.

FSA secures first boiler room fraud conviction

14 Jun 2011

David Mason sentenced to two years in prison.

Andrew Fisher's Towry share worth up to £160m

14 Jun 2011

Figures in court reveal Towry IPO value of £800m.

Platform policy delay as FSA rethinks rebate ban

10 Jun 2011

AWD Chase de Vere takes on 17 former Barclays advisers

9 Jun 2011

AWD Chase de Vere has recruited 17 ex-Barclays Financial Planning advisers and three managers to work in its regional offices.

U-turn on SFO split plan

9 Jun 2011

National Crime Agency will now house co-ordinating board for agency.

Greek default could lead to European Bank running out of cash

9 June 2011

Jelf gets back in profit

9 June 2011

HSBC to pay out $62m to Thema Madoff victims

8 Jun 2011

Settlement equivalent to 20 cents on dollar for fund’s $312m real losses.

DB Advisors acquires money market funds from Standard Life

7 Jun 2011

DB Advisors has acquired some of Standard Life Investments money market funds.

Resolution to return £500m to shareholders

7 Jun 2011

Resolution will return £250m via on-market share buyback and £250m in first half of 2012.

FNZ appoints Martin Jennings as COO for Australia and New Zealand

6 Jun 2011

Ex Elevate MD will be responsible for strategic planning in the region.

Lighthouse to provide advice for CSMA

6 Jun 2011

Exclusive contract with Civil Service Motoring Club will run for two years.

Aviva wants annuity providers to highlight best market rates

2 June 2011

Helm Godfrey acquires Truestone employee benefits business

1 Jun 2011

Firm says turnover for combined business will rise to over £7m.

FSA delays platform paper until Q3

1 Jun 2011

Providers are kept waiting as FSA digests consultation responses.

RSM Tenon appoints John Porteous

31 May 2011

Macquarie’s John Porteous joins to develop the firm’s platform proposition.

Tisa wants business rules eased for online advice

27 May 2011

Tisa is calling on the FSA to relax its conduct of business rules to make it easier to give advice on simple products online.

Barral takes over as Aviva life chief as Strauss quits in move to Lloyds

26 May 2011

Equilibrium launches model portfolio service

25 May 2011

Service will be available to Nucleus IFAs first.

Mike Godfrey launches new advice firm

24 May 2011

Ex-Bluefin man has co-founded Cube Financial Planning.

Aviva UK pensions chief quits for Lloyds

23 May 2011

Strauss will take up new role with Lloyds Banking Group.

IFAs criticise Aviva wrap over limited ETFs choice

19 May 2011

Chance for students to graduate with level four degree

19 May 2011

Divito to head Standard distribution

19 May 2011

Tisa looks at creating contract for re-reg

19 May 2011

Nucleus increases AUA to £2.6bn in Q1

16 May 2011

1,100 advisers now using the Nucleus platform.

Avelo to axe jobs after rebrand

12 May 2011

Close to set up platform targeting consumers and advisers

12 May 2011

Nucleus cash for admin error

12 May 2011

Sesame guide to aid advisers on RDR transition

12 May 2011

Cofunds announces pre-tax profits of £7.9m

11 May 2011

Firm increased assets under management 33.5 per cent to £30.3bn.

Morningstar integrates FinaMetrica risk tolerance tests

10 May 2011

Firm says advisers can move seamlessly from tolerance questionnaire to asset allocation model.

FNZ to power Close Asset Management platforms

9 May 2011

CAM has linked up with FNZ to power its new direct to consumer and retail platforms.

Platform growth stagnant in Q1

5 May 2011

Consultancy predicts a new generation of wraps focused on cost rather than service.

Foster Denovo buys Holman IFA and wants two more firms

5 May 2011

Voyant UK launches crash simulation tool

4 May 2011

Loss Capacity Simulator examines client capacity for loss in a market crash.

Sesame launches financial adviser school

28 Apr 2011

Network says initial pilot will train 15 students to QCF Level 4 in 18 months.

Tisa in plea for VAT amnesty on advice

28 Apr 2011

Tisa is calling on HM Revenue & Customs to offer a VAT amnesty on past advice business.

Expansion plan sees Towry make £7m loss

28 April 2011

IMA claims rebate ban will thwart aims of RDR

28 April 2011

Standard offers portfolio service as part of wrap

28 April 2011

Foster Denovo acquires IFA arm of GI broker

27 Apr 2011

Firm expects deal activity to remain on the agenda in 2011.

Standard Life launches wrap managed portfolio service

26 Apr 2011

Strategies numbered one to five depending on risk level.

Advisers unable to sit CII exams after system failure

21 Apr 2011

CII noticed problems when candidates were unable to load exam.

Platforms confident of VAT exemption

21 Apr 2011

Nucleus says it has received confirmation from HM Revenue & Customs that platform fees and rebates will not be subject to VAT.

FSA investigates Pru's failed $35bn AIA bid

21 Apr 2011

Law firm Clifford Chance commissioned to conduct inquiry.

FSA to focus on big insurers in Solvency II assessments

19 Apr 2011

New approach revealed by FSA head of insurance Julian Adams.

Cofunds appoints Martin Davis as chief exec

15 Apr 2011

Davis was previously chief executive of Openwork.

Platforms regroup to oppose rebate ban

15 Apr 2011

Adviser firms move to stem RDR fallout

14 April 2011

Humphrey quits at Capita FS

14 April 2011

PosSol shelves exit fees after members' protests

14 April 2011

Tenet calls for more clarity on workplace pensions reform

11 Apr 2011

The network says many employers are unsure of full responsibilities ahead of changes.

PosSol postpones exit charge move

7 Apr 2011

Firm says feedback from partners made it reconsider proposal.

Capita Financial Software managing director quits

7 Apr 2011

Adam Byford will take over from Matt Humphrey next month.

AWD launches 20 risk-rated portfolios

7 Apr 2011

AWD Chase de Vere has launched a series of 20 tailored fund of fund portfolios available through Cofunds.

Close Brothers pays £26m for Cavanagh

7 April 2011

Lighthouse Advisory Services appoints Gazard as managing director

5 Apr 2011

Gazard was previously Falcon Group managing director.

Sammedia launches white-label proposition

1 Apr 2011

Technology firm will also offer updated version of Moneyinfo.

Aegon teams with Novia for wrap launch

31 Mar 2011

Provider will use Novia for wrap administration.

'Champion of independence' SimplyBiz shuns restricted route

31 March 2011

Sesame Bankhall profit rises by 66% to £5m

31 March 2011

The Platforum appoints Emma Napier as head of adviser relations

28 Mar 2011

Napier has formerly worked with Origen and most recently as Regent IFA Services chief operations officer.

Lighthouse advisers will miss deadline

25 Mar 2011

McIntyre quits Towergate to set up his own advice business

24 Mar 2011

Towergate Financial Glasgow managing director Douglas McIntyre is leaving the company at the end of April to set up his own firm.

1St Exchange merger forms Avelo brand

24 March 2011

Bluefin sues for £1m over 'poaching' court case

24 March 2011

Transact adds London and Capital funds to platform

24 March 2011

Axa Elevate adds wrapper options and increases support

22 Mar 2011

Axa Elevate has added the Friends Provident offshore bond and Talbot & Muir Sipp and plans to double its platform consultants to 36.

Origen finance director leaves

21 Mar 2011

Firm refuses to comment on the reason for the departure of Alireza Emamy Foroushani.

John Lewis bond fully subscribed less than two weeks after launch

18 Mar 2011

John Lewis partnership bond has reached its investment target of £50m.

Voyant UK integrates with FinaMetrica

17 Mar 2011

IFA technology firm Voyant UK has integrated its platform, Voyant Adviser, with FinaMetrica’s psychometric risk profiling.

Burns becomes Bluefin chief in shake-up

17 March 2011

Merchant House recruits 120 former Clarkson Hill advisers

17 March 2011

Openwork shareholders offered preference shares in Zurich restructure

17 March 2011

Transact offers access to Analytics

17 March 2011

Zurich increases Openwork loan and offers advisers preference shares

15 Mar 2011

Provider increases loan facility to £30m and offers the network’s staff and advisers 30 per cent of preference shares in funding restructure.

Merchant House takes on 120 Clarkson Hill advisers

11 Mar 2011

Firm raises £345,000 of capital to help develop the business.

Osborne rejects pleas to scrap 50 per cent income tax

10 Mar 2011

George Osborne has rejected calls from MPs to scrap the 50p top tax rate in the Budget.

Duke Street takes majority stake in UK Wealth

10 March 2011

Honister puts aside £3m to cover switch redress

10 March 2011

True Potential poised to launch platform

10 March 2011

Archie Kane retires from Lloyds as part of management shake-up

9 Mar 2011

Director Helen Weir also leaves as the group’s insurance division is split in two.

Skandia UK increases profits by 56%

8 Mar 2011

Company says growth is a result of increased funds under management and tighter costs.

Tenet calls on TSC to widen RDR debate

7 Mar 2011

Tenet says the TSC is too focused on qualifications and commission.

John Lewis issues retail bond

7 Mar 2011

Bond available to customers who hold parnership cards and account cards paying 4.5 per cent plus 2 per cent in John Lewis vouchers.

Ascentric hires Rob Baillie as head of technical sales

4 Mar 2011

Ascentric has appointed Rob Baillie as head of technical sales.

Warning is repeated about building up trail cushion

3 Mar 2011

Advisers have received a new warning from the regulator not to churn clients into new products to maximise recurring revenue in the run-up to the RDR.

Transact rated top platform by advisers

3 March 2011

Axa Elevate extends wealth management service

2 Mar 2011

Axa Elevate adds Premier Asset Management and Richmond House Group to the platform.

Rebate debate

28 Feb 2011

Ian Thomas latest to leave Axa Wealth

25 Feb 2011

20 roles axed as part of restructure, although provider says 200 new jobs have been created.

Martin Jennings steps down as head of Axa Elevate

24 Feb 2011

Axa Wealth has created a new intermediary distribution division, including Elevate, reporting to managing director David Thompson.

Sesame adds outside platform recommendations

24 February 2011

Novia hires ex-Skandia UK sales director

22 Feb 2011

Platform appoints former Skandia UK sales director Dave Chessell as its regional sales manager for London and the south east.

Ascentric launches platform test for advisers

18 Feb 2011

Ascentric has launched a “driving test” to assess advisers’ understanding of the platform.

IFA SOS for financial lessons in schools

17 Feb 2011

IFA firm launches financial education teaching programme it hopes can be rolled out in secondary schools.

Fidelity Fundsnetwork picks 16 funds for Isa short list

17 February 2011