The FSA is consulting on planned changes to its fee structure that will see minimum fees for IFAs nearly halve from £1,850 to £1,000. Variable fees fall for 56 per cent of advisers and only rise for 1 per cent and there is an easing of levies for firms that operate across fee blocks.
The Nottingham Friendly Society is to merge with the Oddfellows society after the proposal won overwhelming backing from members.
The overall unemployment rate in the UK has remained steady during October at 7.8 per cent.
Sesame Bankhall Group executive chairman Ivan Martin (pictured) has confirmed that up to 100 staff will be made redundant as part of the group’s internal restructure.
Argos will put users of its new price comparison site in touch with one of 4,000 mortgage brokers.
Matt Shafer, Head of International Distribution, discusses the firm’s philosophy around Durable Portfolio Construction, particularly the importance of putting risk first, thinking about better ways to use traditional asset classes and how to position alternatives in portfolios.
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As the outlook for the UK’s economy remains uncertain, how can advisers prepare portfolios for any change in inflation? As higher inflation fails to appear on the horizon and wages grow faster than expected, fund managers are weighing up their portfolio moves for any potential changes in the economy. The UK consumer prices index rose […]
IFA directors Kevin and Cheryl Neal have been banned from being company directors by the Insolvency Service for six and four years, respectively. The married couple ran the now-defunct Hertfordshire-based Kevin Neal Associates Wealth Management. They were disqualified for taking assets from an insolvent company. The firm had been incorporated to take over the business interests […]
Hartley Pensions has bought the “untainted” assets of the Lifetime Sipp Company, which went into administration earlier this year. An update published today on the website of Lifetime’s administrators Kingston Smith & Partners says Hartley Pensions has also agreed to administer the tainted Sipps held by Lifetime Sipp. The administrator described tainted assets as those where […]