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AFH to absorb platform fees

Consolidator AFH is to scrap platform fees for clients by the end of the year. The business will absorb the cost of platform fees itself. A spokesman says the firm has been able to negotiate lower platform fees as a result of its “growing purchasing power” and has already been passing on the benefit of […]

Liontrust assets up on new fund launches

Liontrust Asset Management has reported a 9 per cent increase in assets under management for the year to June on the back of new fund launches. The firm now has now reached £11.4bn in AUM, with net inflows in the first quarter of 2018 totalling £320m. Liontrust has made a number of hires in recent […]

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New FCA chair: Brexit can herald ‘right-size’ regulation

New FCA chair Charles Randell has said that leave the EU will not lead to a bonfire of regulation, but could provide an opportunity for “right-sized” rules. Speaking to the Financial Times, Randell says because the role of the FCA should differ between parts of the market, Brexit should not set an overarching move to […]

Trustees banned for pushing transfers into high-risk investments

The directors of two pension trustee and administration firms have been banned from running any company for 21 years for their role in persuading unsophisticated investors to move to schemes backed by high-risk investments. Roger Bessent, Matthew Bessent, Neil O’Donnell and Tracy Park were directors of Preston-based Gleeson Bessent Trustees, which serviced a number of […]

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