Keydata bosses receive final order to pay £78m in fines

The FCA has given the former chief executive and sales director of failed life settlement bond company Keydata until 1 February to pay more than £75m in fines between them. The final notices published on the FCA’s website today bring to a close years of legal fighting between the company’s top executives and the regulator, […]

Nick Train: ‘Today’s politics are horrible’

Star manager Nick Train has described much of the current global political climate as “horrible”, but has sounded an optimistic note about the prospects for equity investors in 2019 on the back of heightened corporate activity. In the January update for the flagship Lindsell Train Investment Trust, Train writes that while equities took a beating […]

Graeme Robb: How to regain control when regifting inheritance

Redirecting an inheritance into a discretionary trust helps beneficiaries regain control and escape the seven-year rule when regifting Alan and Barbara are a married couple in their early 60s with two daughters: Clarissa is 38, married with two young children and currently pregnant, while her younger sister, Diane, is single with a 10-year-old daughter. Alan […]

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2,300 advisers join SimplyBiz’s back end offering

Compliance provider SimplyBiz has seen around 2,300 advisers adopt its end-to-end investment system Centra since its April launch. The system aims to be a one-stop-shop for advisers and includes goals-based planning tools, product research, suitability report processing and a centralised investment process offering backed by an independent committee. SimplyBiz co-chief executive Matt Timmins says: “Advisers […]


Robin Powell: Five things advisers can learn from doctors about trust

Ipsos Mori has been ranking professions according to how much the British public trusts them for 35 years, and doctors consistently come first or second. The latest survey shows 92 per cent trust doctors to tell us the truth. Financial advisers are not included in the survey. The least-trusted occupations are advertising, politics and my […]


Fraudulent adviser’s firm declared in default

Two financial advice firms have made the Financial Services Compensation Scheme’s latest list of firms in default. They include Hertfordshire-based HBFS Financial Services Limited, which hit headlines last year when former managing director Freddy David was charged with obtaining money transfers by deception and fraud by abuse of position by the City of London Police. […]


Steve Webb: Where longevity conversations go wrong

In a world of pension freedoms, longevity risk falls on the individual. Clients must realise they will likely live longer than they think Mortality is not the nicest topic of conversation, but there is plenty of evidence that if clients do not have a realistic picture of how long they are likely to live, they […]