Trapped between expectations for near double-digit returns and strong apprehensions about investing in persistently volatile markets, investors worldwide are of the opinion that professional financial advice is worth the fee. But even though they believe individuals who work with a financial professional are more likely to achieve their goals, investors have a clear vision of just what kind of advice they need.
The Pensions Ombudsman Service has expanded the range of information it publishes and has begun anonymising its determinations. As Money Marketing revealed in April, the Ombudsman will now publish opinion issued by its adjudicators as well as formal decisions. Opinions will be published if they are appealed to the ombudsman or deputy ombudsman and are […]
A man posing as an adviser who was today banned by the FCA assured a client he was “exceptionally proud of his track record” when convincing them to invest in an unregulated collective investment scheme. The FCA today banned PCD Wealth and Pensions Management employees Patrick Gray and Mark Kelly for lack of integrity after […]
Tenet has acquired the client bank of Furness Financial Advisers, following a strategic review by its parent Furness Building Society. Aspire Financial Management, Tenet’s wholly owned appointed representative, will receive 75 post-RDR clients in addition to around 1,500 pre-RDR clients. Tenet would not reveal further terms of the deal. The advice firm has been an […]
Dr. Andrew Lo, Founder and Chief Investment Strategist at AlphaSimplex, discusses why it is difficult to keep a long-term perspective in short-term markets.
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
The advice sector is on the cusp of a major regulatory shift, set to change customer behaviour and market conditions. Firms need to focus on three core areas to ensure they remain competitive and effectively meet regulatory obligations, particularly as new conduct risks emerge. Culture Culture plays a key role in effectively adapting to future […]
Star manager Neil Woodford has dismissed concerns of rising UK consumer debt arguing house prices are rising and the low interest rate environment will be supportive. UK households have amassed £200bn in unsecured debt and consumer credit is rising at a rate of just under 10 per cent a year, while inflation has seen real […]
My first instincts about a Royal London-sponsored report were wrong. Now I urge everyone to read it