Profits at Royal Bank of Scotland arm Williams & Glyn have risen following a big drop in headcount, according to results published today. RBS’ half-year results show operating profit at Williams & Glyn rose £37m to £234m. This was driven by a £39m cut in operating expenses “reflecting a substantial reduction in headcount”, according to […]
AFH has bought the assets of Arden Financial Consultants and the share capital of Martin Cooper Wealth Management for £1.4m. The two deals by acquisition-hungry AFH take the firm’s total deals so far this year to 12. AFH has paid £0.7m in cash upfront, and will pay the remainder in cash over the next 26 […]
Regulator says 60,000 borrowers are saving a total of £150m per year as a result of tougher consumer credit rules
A paraplanner has voiced frustration with the Chartered Insurance Institute’s computerised exam marking scheme after failing four exams by just one mark each. Financial Options Group paraplanner Simon McGovern says he wants to become a full adviser, and so sat the CII’s R01 and R04 exams. His first attempt at the R04 exam on pensions […]
The gap is widening between those on the MPC who back record low interest rates and QE and those who think the economy does not need the extra stimulus
Tracey McDermott to join UK Finance, the new trade body born out of the merger of seven existing trade bodies
Networks review adviser’s roll in advising on equity release after regulator’s decision not to introduce standalone qualification.
Case moves to mediation as Godiva’s legal costs hit £241,000
Bank faces fresh accusations of manipulating deals for profit.
Conservatives set out plans for nine trade commissioners “determined by markets rather than borders”
The Prime Minister is insisting the Conservatives’ tax plans have not changed after senior members of the party pledged not to raise income tax on higher earners. The Conservative 2017 manifesto did not rule out income tax rises for the wealthy, according to the FT. But defence secretary Michael Fallon told the Telegraph that voting […]
Mortgage lenders have downplayed the risks in their interest-only back books as they fear consumers could be left underserved by a hamstrung market. The FCA launched its third review into the sector in just five years last week. It unveiled the latest thematic review in its 2017/18 business plan. The business plan says: “Around 1.8 […]