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FCA readies itself for EU withdrawal

The FCA’s contingency plans for dealing with Brexit are starting to take shape. The regulator has released minutes from a board meeting confirming that it has set up six different work streams within the organisation as a way of internally coping with the work that will come from the UK pulling out of the EU. […]

Foster Denovo makes acquisition to kick off growth push

National advice firm Foster Denovo has acquired employee benefits consultancy TEBC. The deal brings over 100 corporate client relationships, and Foster Denovo will look to build TEBC’s staff into its own employee benefits division, Secondsight. Foster Denovo says the deal is the first in an acquisition strategy it will be pursuing. Chief executive Roger Brosch […]

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UK investors expect 9 per cent annual return over next five years

UK investors expect an average annual return of 8.7 per cent on their investments over the next five years, the latest Schroders Global Investor Study shows. However, co-head of Schroders UK Intermediary Business James Rainbow deems this overly optimistic and warns investors need to moderate their expectations. The global study of 22,000 investors, 1,000 of […]

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James Hay to pay out over pension transfer error

James Hay must pay redress to a client following a pension transfer error that meant some of her money was not reinvested for four years. The client also made a complaint against her adviser – named as Credit Suisse in a separate Financial Ombudsman Service decision – which was upheld. The complainant – called Ms […]

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