Union members from two trade unions from the former ASW steel company in Cardiff and Sheerness are planning to stage a lobby outside the Houses of Parliament at 12pm on Tuesday March 2.
Conservative MEP Giles Chichester has moved to highlight the plight of a constituent IFA whose business faces closure because of a Financial Ombudsman Services compensation award. He was contacted by the IFA who says he is unable to afford a judicial review. Chichester thinks that the FOS should never have been set up outside the […]
An IFA has stopped a notorious gang of conmen preying on the disabled and elderly after spotting a series of suspect payments leaving his client's bank account. David Rackham, a Havant adviser with Berry Birch& Noble Financial Planning, became suspicious when he saw thousands of pounds disappearing from his client Patrick Pitt's account. Rackham, who […]
Barclays is scrapping the Woolwich IFA brand and restructuring all its advisers into three tiers which will see its 600 IFAs operating in different segments of the market. Around 350 of the IFAs will operate alongside Barclays' 400 tied advisers serving the mass market with 200 in the high-net worth market offering independent advice to […]
The fragmented nature of the UK advisory market makes it a key target for wealth managers looking to consolidate, says UBS after it buying London IFA Scott Goodman Harris. The Swiss investment banking and securities house says high-net-worth individuals will be attracted to the concept of advice from firms with global reach rather than the […]
Jacob de Tusch-Lec, manager of the Global Income Fund, analyses a sell-off so “vicious” that the ‘hot’ stocks are underperforming emerging markets. What does it mean for the portfolio – now and in the months to come?
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Online wealth managers have struggled to enter the UK auto-enrolment market because of high costs and legislation and are now looking elsewhere for opportunities. Moneyfarm chief financial officer Paolo Savini Nicci tells Money Marketing the firm has no plans to get involved in auto-enrolment, because of a “crowded” marketplace, relatively low account values and high costs. […]
In recent months, providers have reassessed their plans on offering guaranteed drawdown products
The DFP Wealth Management IFA on the desperate need for a new generation of advisers and existing firms’ role in helping them in