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.
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]