Assureweb accounts
In last week’s edition of Money Marketing, we stated that Assureweb’s accounts were three months late. This is not the case. All accounts and returns are appropriately filed at Companies House.
Hedge fund reveals distressed mortgage appetite
A US hedge fund has revealed that its main acquisition target is now distressed, under-valued mortgage debt.
Own goals
At a time when the number of purely acquisitive IFA businesses appears to be increasing, it brings up an important question for every adviser to consider – who owns a client?
Banks expected to set their own exams to ward off poaching
Raising minimum qualification requirements for the sales advice channel to QCA level four will not provide a good source of recruits to the advice sector, says Money Portal head of distribution strategy Alan Easter.
RDR roundabout
The RDR merry-go-round keeps turning. Off come basic advice and the sole options of sales or independent advice, and on jump “sales advice” and “guided sales”.
Nobody expects the Spanish Inquisition
Paul Fidell, Head of Business Development (Investments), writes about one of the primary challenges for those involved in estate planning. He looks at dealing with investment uncertainty in these low growth, low inflation but still volatile investment conditions. Protection of capital, to leave something for beneficiaries, is a fundamental objective of many people’s plans for […]
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Investment insight: Are you clear how your ATR tool works?
The regulator says advisers need to know how tools work, but many lack confidence and knowledge
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VouchedFor: FCA directory could see more ‘bad’ advisers being picked
The proposed FCA directory that will include advisers’ details could see more people finding “bad advisers”, according to adviser review site VouchedFor. A LinkedIn article by VouchedFor chief executive Adam Price says this is because the regulator’s consultation paper pitching the directory suggested little around underlying adviser checks being substantively improved. In the article, Price says: […]
Cold-calling pension firm shut down
A pension company that invested in storage products with investors’ savings has been ordered into liquidation by the High Court. Kent-based Chartwell Trustee Pension Solutions was the sole trustee of the Pinnacle Pension Scheme. Chartwell amassed in excess of £4.8m of members’ pension funds following an apparent cold-calling telesales operation. Members were told to expect 8 […]