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.

Amber Rudd to return as work and pensions secretary

Former home secretary Amber Rudd is set to return to the cabinet as work and pensions secretary, according to reports. The appointment follows the departure of Esther McVey yesterday over her refusal to back the government’s draft Brexit deal. According to reports, Rudd, a remainer, was offered the job after environment secretary Michael Gove spent […]

Fears protection commission disclosure will turn clients off advisers

As new disclosure rules bring the full extent of protection commissions into the spotlight, experts are asking if this will see clients ditch their advisers in favour of execution-only services. Under the Insurance Distribution Directive, from 1 October advisers have had to provide clients with information before a product sale about any commission received, which […]

FCA continues workshops for DB transfer advice firms

The FCA has said it will continue its UK-wide workshop series on financial advice and defined benefit pension transfers. In a newsletter yesterday, the watchdog confirmed it would push ahead with more “Live and Local” interactive events for representatives of regulated firms with DB transfer permissions. The sessions will feature case studies and practical examples, […]

Platforms criticised for launching before they are ready

Platforms have been critcisied for going ahead with technology upgrades knowing that they would not be ready to roll them out. Speaking at an event by consultancy the Lang Cat yesterday, principal Mark Polson said that the firm had encountered a number of projects in recent years where, despite knowing there could still be flaws […]

Gibraltar Offshore

Police end investigation into head of international pensions firm

Police have ended their investigation into the chief executive of cross-border pensions provider STM Group. A statement from the Aim listed firm – which hit headlines again recently for acquiring a majority stake in embattled Sipp provider Carey Pensions – says that “no further action” will be taken against boss Alan Kentish. Royal Gibraltar Police […]

Returning Officer Holds Abacus at Houses of Parliament
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Pensions secretary resignation leaves savings policy ‘vacuum’

Pensions experts have expressed concerns over the future of long-term policy making as work and pensions secretary Esther McVey steps down from her position. McVey tendered her resignation letter this morning, claiming that the government’s draft Brexit deal would not respect the referendum result and was not something that she could vote for. Quilter head […]

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Editor’s note: FOS data vindicates IFAs, but there’s no excuse for DB transfer complacency

Judging by the amount of negative commentary on defined benefit pension transfers, you would have thought there would have been far more than 318 complaints about them to the Financial Ombudsman Service since the freedoms. Yet that is the number the adjudicator revealed last week. It makes for reassuring reading that, despite the FCA striking […]

Tatton DFM draws in more assets to drive group profits

Tatton Asset Management has seen its profits increase as the firm continues to show growth in the discretionary fund management arm of the business. Tatton Asset Management operates three business arms: a discretionary manager, Tatton Investment Management, an adviser support service arm, Paradigm Partners, and mortgage and protection distributor Paradigm Mortgages. The DFM side saw […]

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FCA confirms ban for jailed Norfolk IFAs

The FCA has confirmed that financial adviser pair Alan and Russell Taylor will not be allowed to work in any regulated position again after being jailed for 11 years on fraud charges. The brothers, who ran Norfolk IFA Taylor and Taylor Associates, plead guilty to conspiracy to defraud earlier this year, after defrauding nearly 200 […]

National IFAs team up for investment distribution deal

Vertically integrated advice firms Tavistock and Lighthouse have entered into a deal to establish a new investment management company. The new business will use Lighthouse’s in-house investment arm, Luceo Asset Management, to develop and distribute Tavistock products to Lighthouse’s advised clients. This will include Tavistock’s new capital protection offering, and potentially be widened to its […]