Aifa has called on the FSA to give help to IFA firms on how to use guidance in place of rule-based regulation. It calls on the regulator not to widen Mifid beyond its present boundaries without looking in detail at possible market implications.
The FSA has fined Mansion House Securities Limited £122,500 for giving customers unsuitable and inaccurate advice when selling higher risk shares.The FSA reviewed 30 recommendations relating to higher risk shares, made by Mansion House between May 2006 and January 2007 and found the firm’s advisers had given customers inaccurate information and failed to highlight the […]
Openwork is the first major retirement adviser firm to include fixed-term annuities in its product range by teaming up with Living Time to offer the plans as an alternative to lifetime annuities.
Zurich International Life has added 38 more funds, including 130/30 and currency funds, to its investment platform.The three 130/30 funds include the Invesco Pan-European 130/30 equity fund and DWS Investments’ emerging markets equities 130/30 and top 50 Asia 130/30 funds.Zurich says the currency funds, which come from Morgan Stanley, allow investors to allocate currency as […]
The Government says it will launch a consultation on updating the Myners principles in response to the National Association of Pension Fund’s recommendations. HM Treasury, the Department for Work and Pensions and The Pensions Regulator have launched the consultation to update the voluntary set of ‘comply or explain’ principles designed to improve trustee investment decision-making […]
We are living longer and retirees are no longer required to buy an annuity. In this short video, Head of Multi Asset at Royal London Asset Management Trevor Greetham explores how changes to pensions freedoms are expected to impact the demand for income. Click here
- Top trends
- Top trends
- Revealed: The FCA’s findings on ongoing advice
- How much are advisers charging for pension transfers?
- Lifetime allowance 2018/19 increase confirmed but pensions absent
- ATS staff departures continue as platform commits to improved adviser experience
- SJP trainee adviser banned and fined for faking qualifications
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
As the outlook for the UK’s economy remains uncertain, how can advisers prepare portfolios for any change in inflation? As higher inflation fails to appear on the horizon and wages grow faster than expected, fund managers are weighing up their portfolio moves for any potential changes in the economy. The UK consumer prices index rose […]
IFA directors Kevin and Cheryl Neal have been banned from being company directors by the Insolvency Service for six and four years, respectively. The married couple ran the now-defunct Hertfordshire-based Kevin Neal Associates Wealth Management. They were disqualified for taking assets from an insolvent company. The firm had been incorporated to take over the business interests […]
Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]