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FCA confirms Woodford investigation after year-long concerns

Responding to concerns over the suspended Woodford fund, the FCA has said it first contacted the fund’s legal owner about risks in February 2018, and is now investigating events that led to the suspension. In a letter to Treasury Select Committee chair Nicky Morgan, the FCA’s chief executive Andrew Bailey said the regulator was first […]

Rachel Vahey: Is phased drawdown right for your clients?

As more people mix pension income with earned income, phased drawdown is growing in importance There is no doubt the nature of retirement is changing. People are increasingly considering different ways to transition to it from full-time work, with many choosing part-time work or a consultancy career. This is being driven by several factors: the […]

Advice in the regions: Paying for choice in the capital

London’s access to wealthy clients and location can mean setting up a firm comes at a cost The capital city may not really be paved with gold, but it has more than its fair share of wealthy clients for advisers to service. Known as a place where people’s careers and businesses can thrive on the […]

Behind the numbers: Measuring the uncertainties of Brexit

The need to look beyond traditional sentiment indicators has changed Over the past few years, a wave of populism and protectionism has swept across many developed markets. Events such as the Brexit vote and the US presidential election in 2016 have had large and long-lasting effects: the US-China trade war, UK parliamentary upheaval around Theresa […]

Ian McKenna

Ian McKenna: £1 model portfolio throws down the gauntlet to industry

At Intelliflo’s Change the Game conference this morning the company announced a range of initiatives that will have far-reaching positive impacts across industry processes, practices and pricing. Intelliflo founder and chair Nick Eatock started by giving an update on the eAdvisers index the firm launched at last year’s event. This measures how successful firms are […]

Quilter: Will the long-awaited DB transfer template finally deliver?

At the peak of the market around two years ago, clients were frequently left frustrated as Cash Equivalent Transfer Values (CETVs) lapsed. Many advisers conducting defined benefit transfer appraisal will be familiar with the potentially jeopardising effect of even a small snag in the process. Where valuations lapsed clients were forced to ask the scheme […]

MAB eyes bigger market share with £16.5m acquisition

Mortgage Advice Bureau has bought 80 per cent of Scotland-based mortgage broker First Mortgage Direct for £16.5m in cash, valuing the entirety of the business at £20.6m. As part of the deal, MAB has an option agreement with First Mortgage Direct managing director Ian McGrail to acquire the remaining 20 per cent of the business […]

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Mobius: Exercise caution over US/China trade war

Emerging markets guru Mark Mobius has said that investors would be wise to take a caution approach as political tensions between America and China escalate again. The latest factsheet for the Mobius Investment Trust, which was launched last October, shows that the company’s share price dipped 4.6 per cent in May, after gaining 1.2 per […]