A board reshuffle at Money Quest has seen managing director Steve Pollard become the company’s first chief executive officer and operations director Paul Reynolds move up to become managing director. The firm is taking on 150 new staff as part of expansion pans ahead of a planned flotation within the next couple of years.
Abbey has bowed to pressure from conservationists and quietly changed the species of squirrel in its advertising from grey to the native red squirrel. The bank last month began using the red species in its savings ads and says it no longer features grey squirrels. The move was met with delight by the UK Red […]
Personal finance portal Find.co.uk has recruited Kate Marsden as marketing director from BT.
IFAs must focus on improving their professional standards and leave fighting injustices to Aifa, says Sesame chief executive Patrick Gale. Gale says professionalism is key to the future success of independent financial advice and the best means of rebuffing condemnation from the consumer press and Government policymakers that focus on the cost of advice rather […]
The IFA Defence Union has formally applied to the High Court for a judicial review against the Financial Ombudsman Service for allegedly breaking European human rights law. The application was made in person last week by ATE Risk legal risk analyst Andrew Wesson, who will organise the underwriting of the union’s case if it reaches […]
By George Boyd-Bowman, Fund Manager at Neptune Many Western investors have long bemoaned the lack of a true dividend culture in Japan, claiming the corporate culture is not tilted in favour of shareholders. Yet today, in the Land of the Rising Sun, we see a fresh impetus to focus on shareholder returns, which is leading […]
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Sesame must compensate a client who complained she was missold a personal pension by one of the network’s former appointed representatives. According to a Financial Ombudsman Service decision, in 2002, Mrs P met with an adviser of a business that was at the time an appointed representative of Sesame. Following this meeting Mrs P agreed […]
Financial advisers need to engage in less systematic risk tolerance testing to position clients for high investment returns, according to risk profiling firm Oxford Risk. Speaking at a FinaMetrica/miPlanPlus event today, Oxford Risk head of behavioural finance Greg Davies says suitability across the industry is “rife with poor practice”. Davies says the most common adviser […]
The FCA is attempting to ban the boss of a debt management firm for allegedly using client money to purchase the business. Darren Lee Newton purchased First Step from former director Christine Whitehurst in 2013. The FCA argues he funded the deal through client money rather than out of his own pocket. Newton allowed more […]