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Platform sales sink to two-year low

Economic uncertainty has weighed on platform sales, with gross sales in the third quarter dropping to their lowest level in two years, according to Fundscape. Fundscape’s latest platform report shows in Q3 gross sales fell to £21bn, the lowest level since Q3 2014. Net sales plummeted to £8.6bn, the lowest volume of sales since RDR, […]

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FCA ordered to compensate individual over CF30 application delay

The FCA has been ordered to pay £1,500 in compensation after it wrongly delayed two CF30 applications. The complainant first wrote to the regulator in December 2015 with concerns about how long it was taking to process her husband’s approved person’s application. The complainant said her husband lost four months’ income as a result. According to […]

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RBS to miss Williams & Glyn sale deadline

Royal Bank of Scotland has admitted it will miss the deadline to sell off the Williams & Glyn business as it posts losses of £463m for the three months to September. RBS is required to offload Williams & Glyn under European state aid rules following the bank’s bailout during the financial crisis. It emerged earlier […]

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