The FSA has fined and banned a former cash equities broker £252,239 for paying kickbacks to a hedge fund trader in return for broking business. Fabio Massimo De Biase was a cash equities broker working at TFS Derivatives who was paid a proportion of the commission revenue he generated from winning broking business. Between January […]
I’ve just spotted David and Ed Miliband talking together in Manchester – both wearing indentikit purple ties and dark suits! Clearly the new uniform of ’not new’ Labour. What will happen next? Will David take the Shadow Chancellor role? Well Ed Miliband has a real job on his hands this week and not just to […]
Precise Mortgages has relaunched its buy-to-let range range. The new range includes two-year tracker rates from 4.89 per cent and lifetime tracker products from 4.99 per cent. Product features include no early repayment charge products and a product with cashback and free standard valuation – to a maximum of £475. The lender has also removed […]
Aegon UK chief executive Otto Thoresen has stressed his commitment to distributing through intermediaries after revealing that the provider will retain its life insurance and protection offering. The move comes as part of a restructure of UK business which will see Aegon focus on the at-retirement and workplace savings markets and cut costs by 25 […]
In last year’s FCA thematic review of the mortgage market, one of the key things highlighted was the “savvy consumer”. That’s the client who comes in the door with a very clear idea of what they need and expect you to get them it. They don’t think they need advice, they have after all consulted […]
There are plenty of office parties and Christmas events going on at this time of year. But have no fear – you can still stay healthy while going out and enjoying yourself, with a little bit of planning!
Along with all the other firms that provide advice on defined benefit transfers, we received our questionnaire from the FCA about the quantity and nature of cases we have handled since 2015. By the time you read this, the deadline for its return will have passed and those under scrutiny will have breathed a collective […]