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Treasury challenged over new advice definition

Firms have raised concerns the Treasury’s proposed definition of advice does not address the lack of clarity between advice and guidance and risks taking the sector back to pre-RDR days of product-centric advice. The consultation was recommended in the Financial Advice Market Review and proposes amending the definition of advice so that consumers only receive […]

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Praemium acquires Sipp firm

Platform Praemium has bought Sipp provider Wensley Mackay for an undisclosed sum. The acquisition sees Praemium enter the UK private pension market giving it access to new funds under management through its existing advisers. Praemium chief executive Michael Ohanessian says: “Adding a Sipp solution to our UK platform proposition enhances our growth prospects by offering a […]

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