Profits have leapt by 54 per cent for national IFA Helm Godfrey from 403,000 in 2005 to 620,000 last year. Turnover was up by 45 per cent from 4m to 5.8m.
Resolution chief executive Gavin Stewart piped in the haggis at the firm’s massive Burns Night bash. The haggis was not to everyone’s taste. Thankfully, Resolution kindly supplied ample whiskey to take the taste away.
Advisers’ FSA fees will rise by an average of 10 per cent to educate the regulator’s staff about the move to principle-based regulation, fund its IT outsourcing and bankroll its financial capability work.Aifa says the inflation-busting hike makes a mockery of the stated aim of the move to principles – to reduce the regulatory burden […]
SimplyBiz has bought Glasgow-based adviser services provider Compliance First in a deal that sees it increase its adviser client base by a third.Around 1,000 registered individuals, representing 205 adviser firms, use Compliance First, giving the combined group 4,000 advisers.Compliance First was owned by managing director Eric Ronald and another unnamed individual. The purchase price has […]
Aegon has warned the Pensions Regulator that an increase in regulation for DC schemes could discourage work-based pensions provision, particularly among smaller firms.
By Jamie Clark, Business Development Manager, Royal London Recent articles in the media have raised concerns about the new pension freedoms. One perceived problem is that across the industry, trustees and providers are not necessarily allowing people to take full advantage of the pension freedoms in situ. This is backed up by a recent survey by […]
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It is encouraging to see the FCA close in on lazy fund management, but more needs to be done Without fanfare, the FCA has confirmed its intention to punish lazy fund management. Several groups have been persuaded into voluntarily compensating investors who bought their beta-posing-as-alpha products, otherwise known as closet trackers. The regulator suggests that […]
Ex-GBST man and FinoComp chief executive Ray Tubman on the need for a brave new world of interoperability Platforms running on proprietary technology often see this as a competitive advantage, even if it is expensive to run. But ex-GBST man and now FinoComp chief executive Ray Tubman does not believe outsourcing is the poor relation. […]
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