The Financial Ombudsman Service is to publish 13 test cases regarding the split-cap scandal, with nine set to be found against the stockbroker firms involved and bills potentially reaching 40m. Firms have 28 days to respond.
Many IFAs are now considering how wraps or platforms can be used at the core of their business to improve efficiency, profitability and the service on offer to their clients but how will this work in practice, given the current regulatory environment?The concept of independent financial advice dates back to polarisation, which was introduced in […]
May I make some points on the FSA fee rise:1: The rise is inflationary – 10 per cent is outrageous.2. The rationale is that costs go up as regulation gets less prescriptive. If it is less prescriptive, costs should fall.3. The FSA aims to have fewer employees but still feels it needs more money. This […]
Kensington has made its full launch into the specialist prime market.The lender has been testing prime self-cert and buy-to-let mortgages over the past six months and rolled them into the wider market last week.Self-cert deals start at 5.45 per cent with a maximum loan to value of 90 per cent while BTL loans are available […]
Life offices are enjoying a boom in sales or are savers merely recycling old plans?
Les Cameron, Head of Technical, explores defined benefit pension transfers from a technical viewpoint, tackling the topics such as transfer values and transfer drivers.
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- Top trends
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I always try to check my Twitter feed over breakfast. Recently, a tweet from IFA Philippa Gee caught my eye. She had taken her time to attend an investment conference and found she was the only woman there. Comments followed that this occurrence is far too common. According to Unbiased, just 13 per cent of […]
Consumer champion Martin Lewis has today issued High Court proceedings against Facebook over scam adverts published on the site that use his name, picture or reputation. Lewis, who is the face of website Money Saving Expert, is bringing a lawsuit against the social media juggernaut for defamation seeking exemplary damages. Lewis says any money paid […]
Michael Klimes examines if advisers can resolve all drawdown issues themselves or if a wider effort is needed