Fidelity will enter the child trust fund market as soon as the scheme is launched next year. The group says it will launch both a CTF which meets the Government's stakeholder requirements and one which will go beyond these specifications through supermarket FundsNetwork. Parents will have the choice of 900 funds from 55 providers, all managed online.
Conservative MEPs will make cutting the potential PI burden on IFAs imposed by two European Union directives one of their next major campaigns, according to MEP Theresa Villiers. In the run-up to next month's European Parliament elections, Villiers believes there has never been a more important time for the financial services sector to focus on […]
Research by Halifax shows there are about 860,000 empty homes in the UK, which equates to 3.4 per cent of the total dwelling stock. National Empty Homes Week runs from May 24 to 28 and Halifax is marking it by extending the offer of its no fee one per cent cashback mortgage. The one per […]
Surrey IFA Young Ridgway & Associates is expected to be bought out within days by its former management after going into receivership on the advice of the FSA. The firm, which has 20 RIs, went into receivership last week after the FSA expressed concerns – refuted by YRA – that it could not meet potential […]
The LIA has appointed four more members to its Board of Directors. Mark Ommanney, John Ellis, Andrew Clarke and Peter Williams have joined the Board as Director General, Public Affairs Director, Finance Director and Director respectively. The move takes the number of Board Members from eight to 12 and is designed to strengthen the LIA's […]
Interview with Simply Class’ first adviser, Elliot Silk.
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The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
Fiducia managing director on ‘good old-fashioned’ customer service in the digital world Anthony Scott is adept in the art of communication. As an adviser and a novelist (he has written the novels ‘On Ashover Hill’ and ‘The Birthday Gift’) it is crucial for the Fiducia Group managing director to engage and build a rapport with […]
The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]