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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As someone training to be a cricket umpire, fair play matters to Fortitude Financial Planning director Chris Bowmer. Doing the right thing for clients is something he has adhered to from the start of his career, even in a 1980s sales environment with nothing to gain by delving beyond a client’s surface requirements. While he acknowledges […]
Fund managers who have helped pay compensation over the collapse of life settlement bond provider Keydata will receive a £12m refund, the Financial Services Compensation Scheme has announced. Keydata’s management has been embroiled in a multi-million-pound legal battle with the FCA since it collapsed in 2009. The total bill for compensation stands at more than […]
With no employer to fall back on, the self-employed are on their own when it comes to retirement saving. Irregular income patterns can make it harder to save regularly into a pension and commit to locking money away until age 55. Those who are building a business may see that as their biggest asset and […]