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Robos under fire over suitability and disclosure failings

Robo firms’ shortcomings around suitability, fee disclosure and identifying vulnerable clients have been highlighted in findings from an FCA review today. The regulator reviewed seven firms offering online discretionary investment management services and three firms giving automated advice. The FCA says service and fee-related disclosures at most online discretionary investment management firms in its sample […]

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PFS to launch free financial education programme for schools

The Personal Finance Society is set to launch a free nationwide financial education programme for schools this September. The initiative, called Education Champions, aims to help the PFS establish a link with every secondary school and college of further education in the country. It will build on the society’s existing discover fortunes programme, which uses […]

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Bank of England keeps interest rates on hold

The Bank of England’s Monetary Policy Committee has voted to keep interest rates on hold at 0.5 per cent. Announcing this decision, the Bank also cut its growth forecast for 2018 from 1.8 to 1.4 per cent. Seven out of nine of the MPC members voted to keep the base rate on hold. There was speculation earlier […]

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Former Openwork director to head network’s fifth largest firm

Former Openwork director Philip Martin has joined the network’s fifth largest advice firm as a co-owner and manager. Martin is leading Unique Financial Planning along with practice partner and chief executive Stewart Williams, who set up the firm in 1991. Martin’s departure from Openwork, where he was proposition and marketing director, was confirmed in November […]

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