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Regulator hands out £15,000 fine for pension contributions bungle

The Pensions Regulator has fined a trustee £15,000 for failing to report unpaid pension contributions. Smart Pension, which runs the autoenrolment.co.uk master trust, did not tell TPR that nearly 500 employers had not paid nealry £900,000 of contributions that were due. Smart Pension also did not tell members about the problem. TPR suspends trustee after […]

What makes an outstanding advice firm?

Another year, another sterling display of excellence at the Money Marketing Awards. Having been invited to take part in the judging process for the prestigious Financial Adviser of the Year award, I’ve spent a number of hours pondering the question, what are the traits of an outstanding advisory firm? Here are four areas the more […]

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Former Sesame boss launches DFM

Former Sesame Bankhall chief executive George Higginson and ex-HSBC global head of wealth insurance Geoff Brooks have launched a discretionary fund manager. Alpha Beta Partners offers a range of actively managed and passive portfolios investing in ETFs, investment trusts and direct securities. The business was originally launched last year by Kevin Doran under the name […]

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 […]