Consolidator Fairstone has added another two firms to its acquisition programme adding £220m assets under advice to the business. Yorkshire-based Utopia Financial Planning and Sovereign Wealth Management, which has offices in Bath and Bristol, have joined Fairstone’s downstream buyout model and will fully join the consolidator before the acquisitions are completed. The two businesses will […]
New regulations are causing confusion over which parts of the advice chain are responsible for checking products are appropriate for particular clients. The Product Intervention and Product Governance Sourcebook, or Prod, is part of the FCA’s Handbook and concerns the manufacture and distribution of financial products and services. The rulebook was introduced under Mifid II […]
Judges have questioned the FCA over why it chose to pursue a junior trader rather than going after more senior staff in its Libor-rigging probe. An Upper Tribunal ruling yesterday poses challenges over former UBS trader Arif Hussein’s pursuit by the regulator. The ruling describes Hussein as “relatively junior” and says he only took part in […]
Intelliflo executive chairman Nick Eatock says there is no reason for advisers to move away from the back-office provider after its sale to fund house Invesco. Money Marketing understands the acquisition was worth £200m and will see Intelliflo move away from its private equity owner HgCapital, which has backed it since 2013. Speaking to Money […]
EEF stated in its 2015 EEF Manifesto that the UK’s growth prospects depend on people being fit, working and productive. Keeping people in work and helping people return to work is very important for the manufacturing sector. It means boosting productivity by getting people back into work as early as is possible, as well as fostering workplace cultures and environments that proactively manage individuals’ health conditions so that all can benefit from lower sickness absence outcomes.
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