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Mortgage adviser launches robo service

JLM Mortgage Services has launched the first stage of its new ‘robo advice’ service. The mortgage and protection network claims it is the first network to launch such a tool to its members. The Virtual Adviser will allow member brokers to offer an online service to residential and buy-to-let customers. This service will offer an […]

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FCA bans former adviser after fraud charges

A former adviser who was convicted of 37 counts of fraud has been banned by the FCA. In a final notice published on the FCA website yesterday, the regulator has prohibited Alok Dhanda from “performing any function in relation to any regulated activity carried on by any authorised person, exempt person or exempt firm”. Dhanda […]

Robo-adviser Scalable Capital to offer full advice

Robo-adviser Scalable Capital has moved into offering full financial advice. The Europe-wide firm will charge a fixed £200 fee if an investor decides to progress beyond an initial free session. According to Scalable Capital’s website the advice session can either take place over the phone or in person, and investors will get a full suitability […]

Transfer values stay at historic highs into 2018

Typical transfer values for defined benefit scheme members remained high during 2017, ending the year at £236,000, according to Xafinity’s latest date. This was little changed from the end of 2016 when the figure was £234,000 the Xafinity Transfer Value Index shows. However there was some volatility over the year as the difference between the […]