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Adviser pay hits all-time high of £93,000

Adviser pay has reached a new record, according to landmark research into the profession by recruitment consultants BWD. Nearly 1000 people took part in the survey, run jointly with Money Marketing, around half of which were financial advisers. Average total earnings for employed advisers reached £93,100 in 2017, up from £81,500 in 2016. For self-employed […]

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Mifid II forces fund managers to slash research spending

Fund managers are cutting back on research spending from banks and brokerages following the launch of Mifid II in January. According to the Financial Times, European asset manager Candriam has reduced the number of brokers it uses from 100 to 70 since the beginning of the year. Candriam chief executive Naïm Abou-Jaoudé the firm has […]

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DB transfers drive FSCS levies up again

Advice firms behind the British Steel pension saga have contributed to driving Financial Services Compensation Scheme bills upwards for the coming year. In a note this morning, the FSCS says it is having to levy £71m more than it forecast for 2018/19, including an extra £52m on life and pensions advisers. The lifeboat fund says […]

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