Justin Cash

Justin Cash is Money Marketing’s editor. He has previously worked for magazines including Citywire and Legal Week. He can be reached on justin.cash@centaurmedia.com or 0207 970 4776.

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FCA: British Steel complainants should discuss options with FOS

The FCA has urged those with complaints over the British Steel Pension Scheme to discuss how to proceed with the Financial Ombudsman Service after one of the advice firms at the centre of the scandal filed for liquidation. Yesterday, the Financial Services Compensation Scheme said that it was preparing to declare Active Wealth in default, […]

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HMRC wins landmark case against BBC presenter over self-employed tax

The taxman’s treatment of the self-employed has been thrust into the spotlight again as a former BBC presenter has been told to pay back hundreds of thousands of pounds to HMRC. Former Look North host Christa Ackroyd has lost a court battle for backdated tax against HMRC over her use of a so-called personal service […]

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LEBC backs DB transfer contingent charging ban

National IFA LEBC has added weight to MPs’ calls to ban contingent charging on defined benefit pension transfers this morning. In a statement, the business says contingent charging will “inevitably” bias advisers in favour of transferring. LEBC director of public policy Kay Ingram says: “We agree that contingent charging should be banned. It is not […]

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FSCS warns over more scam emails

The Financial Services Compensation Scheme has urged the public to ignore emails from potential scammers claiming to be connected to the lifeboat fund. In an update on its website, the FSCS asks consumers not to respond to approaches from Bonham Holdsworth or Jefford W. Rangham. The lifeboat fund does not provide full details on the […]

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Old Mutual acquires Wiltshire IFA as deal hunt continues

Old Mutual has acquired another financial planning firm as it builds its private client advice arm. The latest target is Wiltshire-based A&M Financial Services, whose clients will now be serviced from Old Mutual Wealth Private Client Advisers’ London office. OMPCA director Dominic Rose says A&M clients will gave “continued access to quality, face-to-face financial planning”. […]

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What do suitability reports tell us about DB transfer advice?

Compliance experts have urged advisers to improve their report writing for defined benefit transfers in the wake of heightened regulatory scrutiny. The FCA has expressed suitability concerns on several occasions in recent months, many of them garnered from the final reports produced by advisers recommending a transfer to their clients. When it comes to the […]

Lighthouse scores another union advice deal

National advice firm Lighthouse has scored a new contract with Unison to provide mortgage advice to its members. The deal to add the public service union’s 1.3 million members to the Lighthouse roster bolsters a range of other tie-ups with unions and workplace organisations, including Prospect, the Fire Brigades Union, and the Money Advice Service’s […]

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Royal London calls for review of capital gains change as savers could take hit

The Government may have underestimated the impact of a change in corporation tax rules on individual savers, according to Royal London. The November Budget wound down the ‘indexation allowance’ for capital gains from 2018, aligning the treatment of companies with individuals, but meaning that investment growth in line with inflation would now be subject to […]

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Just renews platform deal with GBST

Retirement provider Just has re-signed platform technology provider GBST to run its flexible pension plan. Australian company GBST is currently also handing the migration of Cofunds assets onto the new combined Aegon platform and Alliance Trust Savings’ replatforming alongside existing clients AJ Bell and Novia. Just Retirement first partnered with GBST in 2015 before merging […]

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FCA reports increase in advice firm numbers

The number of financial advice firms in the UK has continued to creep upwards, latest FCA data shows. Figures drawn from regulatory returns show 5,270 financial advice firms had at least one staff member advising on retail investments, with a total of 25,951 advisers recorded as at the end of November 2017. As of December […]