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Businesses rate Mark Carney over Prime Minister on Brexit

Bank of England governor Mark Carney and UK chancellor Phillip Hammond have been ranked the most business-friendly pair of hands to deliver a positive Brexit deal in a survey of chief financial officers. Thomson Reuters surveyed 200 chief financial officers from companies with revenues between $100m and $5bn across the UK and Europe. Respondents were […]

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Euro falls on ECB warning currency could get too strong

European Central Bank policy makers warned that further rises in the euro could impact on the region’s recovery, with the currency falling to its lowest level this month shortly after. The ECB’s latest interest rate-setting meeting expressed concerns about the euro, which had hit a two-and-a-half year high against the dollar. The euro then dropped $1.1661 […]

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Phoenix launches small pot pension cash-out service

Phoenix Life has launched a new portal for consumers looking to fully encash funds under £10,000. MyPhoenix will be available to policyholders aged 55 and over with less than a £10,000 pot, provided they have no guaranteed annuity rates, and will pre-populate a retirement pack and allow the client access up-to-date policy information. The system […]

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Ex-adviser jailed over Sipp fraud

A former IFA who pocketed clients’ Sipp money has been given a six-year jail sentence. Darren Say, who ran advice firm Wealth Connection, was found guilty of fraud by abuse of position and of fraudulent trading after creating a pension scheme that loaned money to clients’ Sipps before investing funds in a property company where […]

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Clive Waller: Why the FCA focus on platforms?

Back in 2003, we conducted a piece of work for JP Morgan FundsHub. The work was set out by the estimable David Moffat, then their marketing director. Among one of David’s many prescient questions was: “Will platforms become the back office or will back office systems become the platform?” Some 14 years later, that question […]