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GBST chief on powering the UK’s platforms

You only have to look at Old Mutual Wealth’s latest results to see how crucial keeping up with technology has become to financial services. The giant provider has had to write off another £250m and a further two years as a result of delays in upgrading the technology powering its platform. When the project is […]

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Nic Cicutti: Why Paul Lewis is wrong on advice vs guidance

What is the difference between advice and guidance? I have been pondering the subject over the past few days in the wake of a thoughtful article in Money Marketing by my fellow columnist Paul Lewis. Paul writes about the impending demise of the Money Advice Service, for which he made a number of videos about annuities. […]

MPs give HMRC six months to crack down on tax fraud

A damning report from Parliament’s public spending watchdog has given HM Revenue & Customs six months to set out its strategy for tackling tax fraud. The Public Accounts Committee raised serious concerns about the ability of the UK’s tax authorities to prosecute tax dodgers, as well as its effectiveness as a deterrent. In particular, the […]

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Apfa demands stronger claims management crackdown

Apfa has outlined a raft of new proposals to strengthen regulation of claims management companies as part of its response to a Ministry of Justice consultation. The MoJ unveiled its plans for the CMC market in mid-February, and took responses to the reforms in a consultation that closed yesterday. At the time, Apfa said the […]

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