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GAM confirms bond manager probe sparked by whistleblower

GAM has confirmed its internal investigation into the conduct of bond manager Tim Haywood was sparked by an internal whistleblower, in response to media speculation. Haywood’s suspension comes following concerns raised by the whistleblower and the internal investigation has since evolved and has “uncovered and identified” several potential misconduct issues. His suspension led to the group […]

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Quilter to offer Level 6 qualification through adviser school

Quilter Financial Adviser School will now offer the Level 6 Advanced Diploma of Financial Planning as part of new offerings announced as it rebrands. Formerly called the Financial Adviser School, QFAS will offer the Level 6 qualification to the whole of market. The first cohort for the Level 6 programme began last week and includes […]

SJP directors increase stake in company

Two directors at St James’s Place have increased the shares they own in the company. SJP investments managing director David Lamb and partnership managing director Ian Gascoigne have both bought £8,996 worth of the company’s shares, according to a London Stock Exchange notice. Lamb and Gascoigne bought 993 ordinary shares of 15p each at a price of […]

Choosing the key to success

How to avoid costly network mistakes

Advisers share their tips and experiences in finding the right network There are many benefits of being an appointed  representative but choosing the wrong network could cause havoc for a business. Here, three advisers share their tips and experiences. An open mind  Simplified Money director Lesley James considered going directly authorised when setting up the […]

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Tilney adds adviser to London planning team

Adviser Duncan Budd is closing his firm DB Financial to join Tilney’s London office. Budd will work alongside an investment manager in an approach that sees both parties provide a full wealth management service to clients. Tilney confirmed to Money Marketing that Budd’s firm DB Financial will cease operation. DB Financial was established in 2007. The firm […]

Andrew Tully: FCA data exposes worrying pension withdrawal rates

Average drawdown withdrawal rates have reached a level unlikely to be sustainable through retirement The FCA recently published new retirement income market data showing how consumers are using the pension freedoms. My initial reaction after reading the document was one of frustration, as the information only gives part of the overall picture. Providing some additional […]