The preparation for the retail distribution review is most certainly already beginning. I have recently been called several times by IFA networks asking whether I want to join them to shelter under their umbrella. Such consolidation is made necessary by capital adequacy requirements that are part of the RDR.
With the British weather so unpredictable, it is understandable that many advisers will be going offshore in the coming weeks for some well earned rest but, from an investment perspective, going offshore is often less appealing. The Cayman Islands might sound like a nice holiday destination but are you comfortable putting your clients’ money there?Offshore […]
By Mike Riddell The moves in gilts in August were truly exceptional. Volatility in the gilt market (based off 10-year gilt futures) has soared to close to the highest levels seen this millennium, on a par with the eurozone debt crisis of 2011/12 and behind only the global financial crisis of 2008/09. The first distortion […]
Around 1,400 clients of collapsed discretionary fund manager Beaufort Securities are still waiting for their claims to be processed, Money Marketing understands. The Financial Services Compensation Scheme confirmed it is still working on redress calculations for the cases. Beaufort Securities became the target of both FBI investigations in the USA and FCA sanctions in the UK […]
A weekly account of the curious goings-on in the world of financial services Financial wing attackWSJ mused over the varying hobbies of financial services professionals a few weeks back and has something new to add to the tally: netball. We have long known Technology & Technical director and adviser Kim North is a fan of […]
Debbie Gupta took over as co-director for financial advice and life insurance at the FCA last year. She will be taking a deep dive into where the regulator really stands when it comes to advisers with a presentation at our Money Marketing Interactive conference in April. Before taking to the stage, she discusses why she […]