Hope William-Smith

Hope is a Senior Reporter with Money Marketing. She joined the title from FE’s Money Management in Australia, where she was Features Editor. Hope can be contacted at hope.williamsmith@centaurmedia.com or on 0207 970 4688


PFS appoints Sanlam UK chief as president

Sanlam UK chief executive John White has been appointed as president of the Personal Finance Society for 2018/2019. White will be replacing Thornton Chartered Financial Planners managing director Sharon Sutton, who will step down following the completion of a 12-month term as president. Commenting on his appointment, White says his predominant focus during his term will be […]

new financial adviser exam

Will a new adviser exam impact professionalism?

A new Chartered Insurance Institute exam that lets the FCA assess adviser competence raises an important question: should passing tests at the beginning of your career qualify you for life? Many in the advice profession would argue the examination process to become chartered or certified is lengthy enough. Despite the changing nature of the job, […]

new financial adviser exam

LIBF plans additional adviser re-evaluation exam

The London Institute of Banking and Finance has laid out plans to develop a tool “similar” to the Chartered Insurance Institute’s Level 4 adviser re-revaluation exam announced last week. In communication to its members seen by Money Marketing, LIBF says the plans come in response to an open call from the FCA to professional bodies […]


SJP shuns new CII exam in favour of in-house programmes

St James’s Place says it will stick with its internal adviser assessment programmes rather than offering the planned Chartered Insurance Institute and FCA-backed adviser re-evaluation examination. Speaking to Money Marketing, an SJP spokesman says the network prefers its in-house continuing professional development, but will not rule out changes going forwards. He says: “We are confident in […]


Hargreaves Lansdown launches delayed cash product

Hargreaves Lansdown has rolled out a cash service tool after more than two years of delays. The new service, Active Savings, will let users save money in cash alongside an Isa, Sipp or in general investments. According to a Financial Times report, the launch follows a series of delays for the product which was initially […]

The businessman stood on the road sign and watched the telescope

Advisers question SimplyBiz membership amid rising costs and declining offerings

Advisers are questioning their membership of support service provider SimplyBiz in the wake of recent cost increases, saying the breadth of services offered is declining. Money Marketing understands adviser members were asked to provide their fee income details to SimplyBiz through a questionnaire earlier this year. SimplyBiz’s monthly subscription is currently set at a guaranteed-for-life cost […]


Advisers want to bill providers for admin delays

Advisers have voted largely in favour of billing providers over administration delays, a Money Marketing poll has found. The poll asked if advisers should be able to bill providers for their time if suffer administrative delays. A total 76 per cent of respondents to Money Marketing’s poll say providers should cop the costs. Comparatively, 21 per cent say advisers […]


Buxton’s OMGI to launch trust investing in unquoted companies

Richard Buxton’s fund firm is planning to launch a private equity trust, which will invest in unquoted companies. Merian Chrysalis Investment Company is looking to raise £200m through an initial placing. Old Mutual Global Investors, led by Buxton, revealed in July it was changing its name to Merian Global Investors in the autumn. Quilter completed the sale […]

Complaints Commissioner sides with FCA over late fees charge

The Complaints Commissioner has rejected accusations the FCA unfairly sent debt collectors to an individual who used to be regulated over paying their regulatory fees late. The complainant had applied to cancel their authorisation in September 2017. They were subsequently charged fees for the 2017/18 year as the cancellation was after the FCA’s 31 March […]


FCA appoints new competition director

The FCA has appointed Competition and Markets Authority executive Sheldon Mills as its new director of competition. Mills will manage the regulator’s operational objectives including the promotion of competition in consumers’ interests and the enforcement of sanctions on anti-competitive behaviour. Replacing Mary Starks, he will join the FCA from the CMA in November, where he […]


Doubt cast over FCA’s risky sales data

Advisers who recommend investments that could be deemed “non-mainstream” remain unclear over what products should fall within the FCA’s new reporting rules. As part of its review of the Financial Services Compensation Scheme, the FCA incorporated a new question into Gabriel returns from this April asking advisers to supply data on the number of “non-mainstream pooled […]