FCA sounds more warnings over high-risk CFD sales

The FCA has continued its warnings over contracts for difference products with a letter to firm chief executives outlining its concerns. The regulator released the results of a review last month into CFDs – risky derivative products taking bets on markets like foreign exchange and commodities – expressing fears over how much clients were losing […]


Warning over misleading Priips document for investment trusts

Advisers must use common sense when selecting investment trusts through the new Priips’ Key Information Document as it could be misleading for investors. That is the view of analyst Numis Securities, which has published a report about the KID and investment trusts. Priips, which will apply to a wide range of firms including banks, insurers, […]


Former Hargreaves analyst joins Interactive Investor

Former Hargreaves Lansdown head of equities Richard Hunter has joined Interactive Investor as head of markets. Hunter was at Hargreaves for 11 years after leaving in 2016 for private client investment managers Wilson King. Before joining Hargreaves, Hunter ran Fyshe Horton Finney’s London office, and he was also previously an executive director at Natwest Stockbrokers […]


FCA writes to advisers over ‘commoditised’ DB transfer processes

The FCA has issued a warning over ‘commoditised’ defined benefit pension transfers running the risk of unsuitable advice. In a letter sent to advisers holding pension transfer permissions, the regulator reminds planners that a “key area” of its focus is on pension transfers, and that it will later this year be contacting all firms to […]

picture of senior woman at a glass window, to represent story about long-term care

Steve Webb: is it time for the care pension?

Steve Webb, Director of Policy and External Communications Steve Webb offers a potential solution to the issue of funding long-term care, by asking whether it’s time for the ‘care pension’. The UK’s long-term care system has been steadily spiralling out of control. Around one in four of us is set to spend more than £20,000 […]


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