An industry-backed scheme to help advisers join the equity release market has been launched by Key Retirement Solutions.Lifetime Advisory Services will formally launch in September and has been hailed by Key as pivotal to eradicate dabblers who do not have adequate systems and controls in place, as highlighted by the Financial Services Authority last month.LAS […]
Former HBOS head of intermediary business Grenville Turner is take over as managing director of estate agency Countrywide in January. He replaces Harry Hill, who becomes chairman when Chris-topher Sporborg retires at the end of the year.
The IFA Defence Union claims it has moved a step closer to securing a legal challenge against the Financial Ombudsman Service for breaching the Humans Rights Act after getting a solicitor’s backing. The IFADU has received written opinion from solicitor Clarke Wilmott that it has a fair chance of securing a judicial review based on […]
At Pictet Asset Management we believe active management of asset allocation is the most important generator of returns. What is not to be in our portfolio is just as important as what is to be because good performance is determined as much by the assets you avoid as by those you hold. The FP Pictet Multi Asset Portfolio managers are not wedded to any particular […]
The FCA considering banning exit fees for switching platforms. In its platform market study, released this morning, the FCA says it may also issue further guidance on how advisers should charge for platform switches after finding that the process and the costs involved can often be lengthy, preventing clients from getting the best deal available. […]
The FCA has warned financial planners that additional services offered by their platform may be in breach of its inducement rules. While the regulator has said that competition between platforms is working well for most consumers in its market study this morning, it has warned that add-ons for advisers that are paid for by the […]
The Liberal Democrats are calling for the government to introduce a cooling off period for people who take more than the minimum lump sum from their pension pot without taking financial advice. Currently, withdrawals over the 25 per cent minimum are taxed at an emergency tax rate, which can lead to pensioners paying too much […]