Anthony Villis, Managing Partner at First Wealth, discusses what makes a successful advice firm.
The FCA has fined Threadneedle Asset Management over £6m for failing to put in place adequate controls in its fixed income business. The regulator says the failings allowed a fund manager to initiate, execute and book a $150m trade which, had it settled, could have caused a $110m loss to the relevant client funds. Threadneedle […]
Standard Life Investment’s decision to stop all trail commission payments on mutual funds is “scandalous” and “obscene”, say advisers. This morning Money Marketing revealed Standard Life Investments will cease payments to align new and legacy business “reflecting the spirit of the Retail Distribution Review”. But advisers say the move – which will see charges fall, […]
An influential committee of MPs has today launched an inquiry into automatic enrolment, focusing on how the reforms affect smaller employers. The Work and Pensions committee has requested written evidence on the implementation of auto-enrolment and the impact it will have on small and micro employers. The committee will focus its inquiry on the suitability […]
Paradigm founding partner Anthony Morrow has teamed up with Moneysupermarket.com co-founder Duncan Cameron to launch a robo-advice service. The Telegraph reports the pair plan to launch the eVestor service next year and will charge customers 0.44 per cent. Of this, 0.35 per cent will go to portfolio management and 0.09 per cent as a fund […]
With a 10 per cent return from his Global Income Fund in the first three months of 2015, Jacob de Tusch-Lec talks to journalist Alexis Xydias about the drivers and why he favours Europe and Asia over the US. Jacob believes European companies remain cheap and is still finding opportunities amid value stocks – in contrast […]
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Latest from Money Marketing
Sales skills in themselves are not a bad thing. It comes down to whether they are truly being used for the benefit of the client, not the adviser.
The merged company owns three platforms: Parmenion, Standard Life Wrap and Elevate, but is promising to keep ring-fencing.
A recent court case emphasises the importance of robust terms of business, clearly stating the scope of agreement with a client