The Financial Services Compensation Scheme has confirmed it will not enforce a time limit for the return of applications for Keydata Category one (SLS) claims, after it sent a letter to investors stating forms had to be received by May 7.
New research has revealed that the highest percentage of opt-out rates in auto-enrolment is made up of 22- to 30-year-olds (28.49 per cent of 2,102 people surveyed, who chose to opt out of schemes, were in this age bracket).
Robo-adviser Candid Financial Advice has exceeded £100m in client funds under advice five years after its launch. Candid director Justin Modray says he is now looking to improve the firm’s scalability and accelerate growth since starting out in 2013. The firm is targeting an additional £100m in the next two and a half years. Modray […]
SimplyBiz Group has announced two new hires in a bid to strengthen its compliance support team. Paul Bruns, who will work as director of field compliance, joins from Sesame Bankhall Group, where he worked for 14 years – most recently as compliance operations and oversight manager. Among his new duties he will take charge of […]
Financial Services Compensation Scheme (FSCS) compensated thousands of former Beaufort clients five months after the discretionary fund manager’s collapse in the most recent round of repayments. Last weekend, 12,000 of Beaufort’s ex-clients were moved to a new broker company The Share Centre. First tranche of cash and assets was returned to clients in this round. […]