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.

AFH ups revenue targets after £1.5bn in acquisitions

Consolidator AFH has added £1.5bn in funds under management through its 16 acquisitions this year, its annual report shows. The firm, which operates financial advice, discretionary management and platform services, says that funds under management reached £4.4bn in October, up from £2.8bn a year previously. £1.5bn of the inflows came from acquisitions, compared to £440m […]

CISI sets up financial planner mentoring helpline

The Chartered Institute for Securities and Investment has set up a helpline for participants in its financial planning mentoring scheme. The helpline, which is being supported by Schroders, will be open to mentors and mentees on the programme, which started on the first of January this year, looking for support in achieving professional financial planning […]

RBS looks to cut govt holding in £1.4bn share buyback

Royal Bank of Scotland is lining up a cut to the government’s stake in the bank by buying up to £1.4bn worth of shares from the Treasury. The government currently holds a just over 62 per cent stake in the bank. The Guardian reports that RBS is seeking shareholder approval to buy up to a […]

Are advice firm buy-outs running the risk of conflicts?

Concern mounting over the strings attached when it comes to acquisition deals Experts are expressing concerns over how consolidators’ deferred payments to acquire advice firms are operating, urging them to avoid the perception of conflicts of interest. The end of 2018 saw a flurry of acquisitions, and the pace of advice firm buy-outs shows little […]

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FCA to ask small advice firms how regulation impacts them

The FCA has announced a project to better understand how its rules affect smaller firms, including financial advisers. The regulator published a note today informing firms that it would soon conduct a survey to specifically identify how FCA rules impact them, to “help ensure FCA cost benefit analyses and judgements of proportionality take account of […]

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Editor’s note: Mifid II is not perfect, but no one-year-old is

As any parent can attest, teething problems are not uncommon among one-year-olds. Fortunately, these tend to pass. Financial services watchers are hoping that the infant Mifid II directive can overcome its own growing pains. The aim of the game after last January’s introduction was transparency. Aggregate costs, both pre- and post-sale, came under new disclosure […]

Lessons to be learnt

Sesame launches new adviser academy

Sesame Bankhall Group has become the latest advice market brand to launch an academy for member firms. The network, support service and mortgage advice business has partnered with training and education firm Simply Academy to offer member firms across its different business lines access to apprenticeship programmes to help them develop and recruit new staff. […]

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Keydata bosses receive final order to pay £78m in fines

The FCA has given the former chief executive and sales director of failed life settlement bond company Keydata until 1 February to pay more than £75m in fines between them. The final notices published on the FCA’s website today bring to a close years of legal fighting between the company’s top executives and the regulator, […]

Nick Train: ‘Today’s politics are horrible’

Star manager Nick Train has described much of the current global political climate as “horrible”, but has sounded an optimistic note about the prospects for equity investors in 2019 on the back of heightened corporate activity. In the January update for the flagship Lindsell Train Investment Trust, Train writes that while equities took a beating […]

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Fraudulent adviser’s firm declared in default

Two financial advice firms have made the Financial Services Compensation Scheme’s latest list of firms in default. They include Hertfordshire-based HBFS Financial Services Limited, which hit headlines last year when former managing director Freddy David was charged with obtaining money transfers by deception and fraud by abuse of position by the City of London Police. […]

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Pensions regulator calls on advisers to get behind cold-calling ban

The Pensions Regulator has called on financial advisers to stand behind the cold-calling ban by doing more to report potential scammers. In a blog post this morning, TPR frontline regulation director Nicola Parish calls on IFAs to show clients the FCA’s Scam Smart website to alert them to the warning signs of fraud, particularly when […]