FSA proposals to improve the quality of auditors’ reports on client assets are set to cost regulated firms between £280 and £2,500 a year.
Statistics in isolation can be very misleading but when linked together are most revealing, as follows:1: 2 per cent of complaints come from clients of IFAs (61 per cent from clients of banks) 2: About 45 per cent of IFAs either make a loss or a profit of less than 5 per cent of turnover […]
Shadow Treasury minister David Hanson is calling for the coalition Government to retain the IT systems that enable parents to save for their children through child trust funds. At a fringe event on young people and saving at the Labour conference, Hanson criticised the coalition for abolishing the Government contribution to CTFs. He said: “One […]
Tenet has been granted prior learning accreditation with the Chartered Insurance Institute allowing the company to develop, administer and mark an alternative to the CII’s JO5 exam module. The alternative module gains credits towards the CII’s diploma in financial planning. Tenet advisers will receive tailored course and study materials, and will be able to sit […]
Scottish Widows says 95 per cent of employees would like either financial advice or general information on their retirement savings options. The latest workplace pension report from Scottish Widows show this percentage has increased from 76 per cent in 2009. The research also highlights the very low levels of long-term savings among the under 30s […]
As Europe’s QE goes further than expected, the manager of the Artemis Strategic Bond Fund has upgraded his outlook from “quite” to “very” positive.
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The New Model Business Academy received just over half the Government funding for its apprenticeship programme it was hoping for, which has led to paraplanner and administrator apprenticeships being shelved. NMBA, which is part of the SimplyBiz Group, announced earlier today it is opening applications for its apprenticeship programme this week. In December, it received […]
Platform Alliance Trust Savings must compensate a client after he was unable to make several investments because the online service was down. The client, Mr W, had around £2m in his Sipp fund with ATS. In late June 2016, his advisers tried to make a number of investments into specific funds, however, these did not […]
Last year, Money Marketing took a deep dive into how advisers are remunerated with an extensive reader survey. This year, we’re going even bigger and better, teaming up with recruitment consultancy BWD to bring you the definitive picture on pay. With your help, we hope to decode how qualifications, employment status, geography, gender, job title and other […]