Advice firms are continuing to review their client books to ensure they stay in the sweet spot between too few and too many clients. The number of clients that an adviser can manage often comes down to a combination of external factors. Submissions to the Money Marketing awards this year showed a great variety in […]
Metro Bank’s chairman Vernon Hill has been re-elected despite opposition from activist shareholders such as Royal London. Hill has received criticism from a number of major shareholders over payments to his wife’s company Interarch totalling £21m since Metro Bank’s inception in 2010. The board at Commerce Bank previously ousted Hill from his former role at […]
The FCA has written to advisers asking for details of their training, competence and recruitment records for staff, Money Marketing understands. The regulator has written to a number of firms asking for the details in relation to specific advisers within the business, a senior compliance source has told Money Marketing. It is understood that the […]
Concerns grow that rules to boost transparency are baffling for consumers. Increased confusion around cost disclosure rules has led advisers to question how the FCA is communicating what it expects from Mifid II. While the disclosure of any ex-ante and ex-post costs charges is covered extensively by EU regulator the European Securities and Markets Authority, […]
Just a quick post to alert our followers to the fact that the new Fit for Work service is – according to the rollout map – now available in all geographical areas of England and Wales.
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