The question: The Smith Jones Financial Planning risk committee was discussing investment and risk profiling – again. It had covered the broad strategy at its previous meeting and now wanted to look at understanding clients’ aims and expectations and how these would relate to the level of risk clients would need to take to achieve […]
A firm which misled investors by claiming to sell bio-fuel technologies and promising an 800 per cent return on investment has been shut down by the High Court. The High Court today ordered Greenwave Bio be wound up on public interest grounds following an investigation by the Insolvency Service. The firm claimed to be a […]
The introduction of ground-breaking pension freedoms in April 2015 has created some uncertainty for employees and employers alike, and they are looking for help. With further changed announced in the summer Budget, employees really need help to understand how the changes affect them.
By David F Lafferty, CFA, SVP – Chief Market Strategist Thursday’s historic Leave vote in the UK will have both immediate and long-term consequences for the global economy and financial markets. The initial flight-to-quality reaction across asset classes has been exacerbated by the market’s misplaced confidence in a Remain victory leading up to the vote. Stock markets […]
National IFA LEBC has come out in favour of the FCA’s plans to extend the maximum compensation amount the Financial Ombudsman Service can require firms to pay. The regulator said yesterday that the cap should increase from £150,000 to £350,000. Adviser and wealth manager trade body Pimfa criticised the proposals, arguing they could drive advisers out of […]
The New Model Business Academy is set to launch its long-awaited paraplanning apprenticeship after it was shelved earlier this year due to lack of funding. Speaking to Money Marketing, NMBA director Tom Hegarty says a 1 August application through the Education and Skills Funding Agency for further funding was confirmed last Wednesday. While the sum […]
With markets generally positive since they arrived, have pension freedoms really been tested yet? With the advent of pension freedoms, advisers are increasingly looking for a safe harbour that provides some guarantees of their clients’ income, while retaining a lump sum for their heirs. But trying to manage a portfolio that can achieve this is […]