Latest

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Could network training schemes cause adviser bias?

With so many firms struggling to hire talented advisers, should the place where candidates have trained determine the kind of advice they give?  The number of pathways into the advice profession has increased significantly over the past decade in a bid to encourage new talent. Coupled with the rise of vertical integration and increased competition […]

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AJ Bell: Pensions transfer activity has peaked

Statistics from the final quarter of last year suggest pension transfer activity has passed its high-point, with the FCA’s focus on the market forcing advisers out of play. AJ Bell cites government figures showing that transfers dropped 20 per cent between October and December 2018, down to £6.3bn from £8bn. AJ Bell senior analyst Tom […]

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Adviser trade body sets up group to fight FOS limit increase

Adviser trade body Libertatem is looking to put together a “steering committee” of industry professionals to take their challenges over the increase in the Financial Ombudsman Service’s compensation limit to the FCA. Libertatem says a meeting between itself and the FOS has been confirmed, and it is now seeking meetings with the Treasury and FCA […]

Bank of England keeps base rate at 0.75%

The Bank of England’s monetary policy committee has voted unanimously to keep the base rate at 0.75 per cent. The rate has stayed at this level since it was raised from 0.50 per cent in early August last year. The MPC, according to the minutes, believes that the economic outlook hinges “significantly” on Brexit, and is […]

LV= proposes to change company status to make nimbler decisions

Mutual LV= is proposing to change its status from a friendly society to a company limited by guarantee so it can make decisions more nimbly. The announcement was made in annual results published today and will be subject to a vote among LV= members at a special general meeting on 22 May. Currently, LV= is a […]