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Do DFMs need to be more transparent in declaring VAT charges?

Discretionary fund manager charges have come under increasing scrutiny since the FCA launched its platform market study in July last year. The regulator is currently looking at the role of DFMs in the value chain to see if their charges are justified, with the results expected to be revealed later this summer. Money Marketing has […]

Carl Lamb: Fresh blood needed to breathe life into sector

Once upon a time, almost every adviser entered the profession via major banks and providers. These players encouraged staff to take professional exams, providing a rich seam from which firms could mine an endless stream of young candidates keen to move into the more demanding independent advice sector. Once RDR took effect, we lost that […]

Low angle view of the main facades of the Bank of England and London Stock Exchange and the London Troops memorial at Bank Junction in the City of London. London.
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Bank of England chief economist pushes for rate rise

The Bank of England’s Monetary Policy Committee has voted to keep interest rates on hold at 0.5 per cent, but with an increased number of members calling for a rate rise. Chief economist Andy Haldane has joined those calling for a rise. The BoE revealed that six members voted to keep rates on hold, with […]

Behind the numbers: Passive ESG: Growing and evolving

A rise of sustainable passive funds sparks new trend among trackers Sustainable investing has historically been associated with active management. But passive strategies can also incorporate environmental, social and governance criteria, and the growing flows into passive ESG investments are evidence that an increasing number of investors believe in the merits of a passive approach […]

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Pension transfers hit record £10.6bn in Q1

Pension transfers hit a record of £10.6bn in the first quarter of this year, according to Office for National Statistics data. The figures show the value of pension transfers in 2017 was revised up £2.5bn to £36.8bn. AJ Bell senior analyst Tom Selby says: “The Q1 2018 figure also likely includes a large number of […]

Editor’s note: Stay nimble to find your perfect adviser

I have lost track of how long financial planners have lamented the lack of new blood coming into the profession. While reports of the number of advisers who would leave the sector due to the RDR have turned out to be greatly exaggerated, I take the point that the average age of financial planners isn’t […]

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FCA under fire for failure to pursue senior staff in Libor scandal

Judges have questioned the FCA over why it chose to pursue a junior trader rather than going after more senior staff in its Libor-rigging probe. An Upper Tribunal ruling yesterday poses challenges over former UBS trader Arif Hussein’s pursuit by the regulator. The ruling describes Hussein as “relatively junior” and says he only took part in […]

National IFA continues not-for-profit push with foster carer advice deal

National financial planner Lighthouse has renewed its deal to provide advice to members of not-for-profit foster carers support association FosterTalk. The 20,000-member organisation has extended its deal for Lighthouse to provide retirement planning, mortgage and investment advice to its members for another three years until May 2021. So-called “affinity partnerships” are becoming key to Lighthouse’s […]