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ASW will lobby parliament on day of Pensions Bill 2nd reading

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.

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MEP backs adviser against FOS

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 […]

Conmen jailed after IFA&#39s detective work

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&#39s 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&#39s account. Rackham, who […]

Barclays ditches Woolwich IFA brand

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&#39 400 tied advisers serving the mass market with 200 in the high-net worth market offering independent advice to […]

Fragmented UK market will attract consolidators, says UBS

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 […]

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