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 eyes 40 firms in adviser recruitment and training probe

The FCA is analysing information from 40 firms about their adviser recruitment processes and what quality checks are in place on the advice they give. Earlier this year, Money Marketing revealed that the FCA sent letters to a sample of firms asking about training, competence and hiring records for staff. A Freedom of Information Act request […]

Brooks Macdonald in-house advice a ‘major introducer’ of funds into DFM

Discretionary fund manager Brooks Macdonald has said that its in-house financial planning business remains a “major introducer” of funds into its investment solutions. Brooks offers independent, whole of market financial advice, along with managed portfolio services, multi-asset model portfolios, and bespoke investment options. In Brooks’ annual results released this morning, it says it is committed […]

20 providers meet over pension dashboard next steps

A group of 20 providers has met to discuss how to make the pension dashboard a reality as the fate of the project remains uncertain. While many industry figures and prominent MPs like work and pensions select committee chair Frank Field remain committed to the concept, earlier this month secretary of state Esther McVey put […]

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Pru and Old Mutual avoid sanctions after FCA closed-book review

Prudential and Old Mutual are among four providers to have avoided sanctions from the FCA as the regulator completes its investigations into firms’ closed-book practices. The FCA has finally ended its inquiry, more than two years after it originally reviewed 11 providers over how they treated longstanding customers. The regulator expressed particular concerns about failures […]

DWP clarifies how schemes should signpost pension complaints

The Department for Work and Pensions and The Pensions Regulator have attempted to clarify how schemes should direct members wishing to make a complaint or get more information. Earlier this year, TPO took on complaints adjudication powers previously held by The Pensions Advisory Service. However, schemes have reported confusion over whether they would have to […]

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Editor’s note: Advisers can help FCA identify phoenix firms

Unpredictable bills make running any business difficult. That has been no different for advice firms in recent years, which have seen their Financial Services Compensation Scheme levies creep up. Part of that pressure comes from repeat offenders folding under the pressure of complaints, and then doing exactly the same thing all over again. Anecdotally, when […]

Fidelity launches two more zero expense ratio funds

Fidelity Investments is due to launch two more mutual funds with a zero expense ratio. The funds, which will be named the  Fidelity Zero Large Cap Index Fund and the Fidelity Zero Extended Market Index Fund, will launch on September 18 with no investment minimum. Expenses charged by investments, commissions, interest charges, or other expenses for […]

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The FCA’s uphill fight to end phoenixing

Advisers are calling on the FCA to step up the pressure on so-called “phoenix” firms as new Money Marketing research suggests the practice is still commonplace in the advice market, and appears to have been employed by some firms that have been sanctioned over defined benefit transfers. Phoenixing is the term given to the practice […]

Brewin Dolphin hires another six for advice expansion

Discretionary fund manager Brewin Dolphin has continued its advice arm recruitment drive with another six hires. The appointments come from across the UK and include hires into Edingburgh, London and Belfast. Former Succession adviser Ross Belford and Edinburgh Wealth Management paraplanner Graeme Muir join in Scotland. There are also two more hires to Brewin’s London team, […]

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Claims company boss blasts FOS review in letter to MPs

The director of a claims management company has accused the Financial Ombudsman Service of conducting an independent review of its operations “behind closed doors”. After a series of allegations of poor practice in a Channel 4 documentary, including lack of training for staff, biases among adjudicators and lengthy delays in processing complaints, the FOS agreed […]