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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 […]

FCA: Platform study does not let fund managers off the hook

The FCA says it is not backing down on asset managers as it pursues a platform study at the same time. In an update on its upcoming platform review, FCA head of wholesale and investments competition Robin Finer, who is heading up the project, said the regulator is “absolutely not” shifting the attention away from […]

Banks weather stress tests but Brexit uncertainty remains

UK banks have seen a marked improvement in their resilience under latest Bank of England Stress tests. While Barclays and RBS failed the tests in a snapshot at the end of 2016, the Bank has announced that both had made improvements since then. The Bank simulated scenarios including a third drop in house prices, an […]

What triggers the MPAA?

Jim Grant – Senior Product Insight & Technical Support Analyst There’s sometimes confusion around what triggers the money purchase annual allowance. Find out what does and what doesn’t trigger the MPAA. The money purchase annual allowance (MPAA) is a reduced annual allowance that can apply to contributions to defined contribution (DC) schemes. The following table […]

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