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Advisers call for FCA clarity on Mifid II cost disclosure rules

Concerns grow that rules to boost transparency are baffling for consumers. Increased confusion around cost disclosure rules has led advisers to question how the FCA is communicating what it expects from Mifid II. While the disclosure of any ex-ante and ex-post costs charges is covered extensively by EU regulator the European Securities and Markets Authority, […]

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FAMR has not closed the advice gap, advisers rule

Only one in seven advisers believe that the measures introduced in the  Financial Advice Market Review are helping to close the advice gap. Despite widespread positive support for FAMR’s measures around streamlined advice and tax breaks for employer-arranged advice, a survey from Aegon shows advisers do not think they are helping individuals take advantage of […]

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FSCS pays out £1.8m over Merchant Capital claims

The Financial Services Compensation Scheme has paid out £1.8m over 825 claims regarding collapsed firm Merchant Capital, data provided to Money Marketing shows. Merchant Capital was the structured products arm of Merchant House Group and collapsed in 2013. Reyker Securities became custodian and administrator for investors who had a total of £400m in Merchant Capital structured […]

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Consolidator AFH buys up another firm and client bank

Consolidator AFH has secured two acquisition deals in the last two days as it continues its takeover plans for adviser businesses. The two deals take the total number of acquisitions for the financial year so far to six for AFH. Yesterday, the consolidator announced it had purchased the client bank of South Yorkshire IFA Lifetime […]

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