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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FSCS to pay back 2,700 clients of collapsed DFM Beaufort
The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Profile: Fiducia on really knowing your clients
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
FCA warns over advisers giving ‘inadequate information’ to DB transfer specialists
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]
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