MM – News

Tenet woos bank and provider advisers with ready-made package

Tenet is looking to attract advisers from providers and banks with a new ‘business in a box’ solution. The network is vying for business from advisers who want to pursue the self-employed route in the simplest fashion. For example, the network will help the adviser set up their own limited company and provide loans for […]

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Sesame remains top of FOS complaints list

Sesame continues to top the complaint charts at the Financial Ombudsman Service, new figures show. The network has been a leader in the list for most of the past two years, despite closing its investment advice arm in 2015. The network faced 88 complaints between July and December 2017, compared to 100 between January and […]

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The challenges facing advisers – then and now

A panel of advisers today reflected on the challenges facing their profession and how these have changed from before the introduction of the Retail Distribution Review. In a live debate chaired by Money Marketing today, four advisers debated the role of technology in the advice process, the different fee systems, the advice gap and financial […]

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AFH buys Chichester advice firm for £1.1m

Wealth manager AFH has acquired Chichester-based J W Wealthcare in a £1.1m deal. The firm is the second acquisition in just two months after AFH bought Britton Financial for more than £2m in November. AFH completed 13 deals in the past financial year. A stock exchange announcement says AFH will also take on the head […]

Autumn Budget: Today’s key points at a glance

The state of the UK economy with Brexit looming In 2017, growth is expected to come in at 1.5 per cent, falling to 1.4 per cent in 2018 Through 2019 and 2020, growth is set to fall again to 1.3 per cent, before picking up to 1.5 per cent in 2021 and then to 1.6 […]

Autumn Budget: Govt sets aside £3bn for Brexit

Chancellor Philip Hammond has said the UK will set aside £3bn over the next two years in preparation for its exit from the European Union. Delivering the Autumn Budget today, Hammond said the Government had already invested £700m in preparation for the UK leaving the 28-nation block in March 2019. He added that for the […]

Former Axa Wealth boss Kellard joins Brewin Dolphin board

Former AXA Wealth chief executive Mike Kellard is to take up a non-executive role at Brewin Dolphin, a year after his departure  from AXA Wealth. As revealed by Money Marketing, Kellard left Axa in October a year ago as parts of the business were sold off. Deals included the acquisition of Axa’s Elevate platform by […]

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FCA spends over £1m on asset management study

The FCA has so far spent over £1m carrying out its study into competition in asset management. Following a Freedom of Information request submitted by Money Marketing, the FCA said the total costs of the market study stand at £1,000,370. The costs cover the period between 19 November 2015, when the study was launched, to […]