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FCA names Rory Percival replacement

Rory Percival’s replacement as one of the leading liasons between advisers and the regulator will be Chris Hewitt, Percival has revealed. Hewitt, a lead associate in the FCA’s investment intermediaries department, worked in financial advice before joining then regulator the Financial Services Authority in 2010 and is level four qualified. A due diligence specialist, Hewitt […]

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‘A step too far’: Industry reacts to Govt U-turn on secondary annuities

Providers have welcomed the news the Government will no longer create a market for secondary annuities, saying the move would have taken pension freedoms too far. Last night the Treasury announced it was scrapping plans to allow retirees to sell their annuities, citing a lack of buyers and insufficient consumer protection. Many providers have backed […]

Brown Shipley acquires £450m financial planning firm

Brown Shipley has acquired Manchester-based financial planning firm The Roberts Partnership for an undisclosed sum as the private bank continues to grow its financial planning business. The acquisition will complete on 1 November with The Roberts Partnership becoming a subsidiary of Brown Shipley and joining its Manchester office. Brown Shipley will integrate seven advisers from […]

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