Introducing a formal appeals process for Financial Ombudsman Service decisions would slow down the complaints handling process and decrease accessibility to the service, according to Hunt Review project manager Chris Kenny.
Last week I wrote that a war had begun between intermediaries and lenders over dual pricing and AMI has responded saying it is determined to rally the industry to ensure fair treatment to brokers and their clients.
By James Dowey, Chief Economist and CIO Turnaround stories are an investor’s best friend. If successful, they prompt a widespread and possibly radical re-evaluation of the fair value of the associated assets. If one is brave enough to re-evaluate early on in the process then the returns can be very large. For over two decades […]
Advisers at US bank Wells Fargo will see their pay rate drop next year if they fail to meet revised revenue targets, according to Bloomberg. The news service reports that financial planners with more than seven years’ experience will need to generate 12-month revenue above $250,000 (£198,000) if they don’t wan’t to see their pay […]
The rise of ethical funds and sustainable investment brings into question just how broad and subjective the space can be One of 2018’s most-used buzzwords in investment has been “ethical”. The rise in popularity of environmental, social and governance investing has been widespread, and in 2017 more than £1bn of net retail money flowed into […]
The Personal Investment Management and Financial Advice Association has published an updated version of its Mifid II feedback template and guide. Both documents jointly authored with the Tax Incentivised Savings Association were originally issued for industry comment in June 2018. The updated template and guide reflect the feedback received from Pimfa’s product governance and template testing working groups. […]