7 July 2016

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Hornbuckle parent to acquire Rowanmoor

Hornbuckle parent Embark is close to a takeover of rival Sipp provider Rowanmoor, Money Marketing understands. It is understood Rowanmoor has been on the market for some time while Embark recently acquired failed platform Avalon. Sipp firm consolidation has been expected ahead of the September deadline for the new capital adequacy rules which drastically increase […]

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Tony Byrne: Brexit means we can reform regulation

The lead up to the EU referendum saw an awful lot of scaremongering from both sides. Among the Remain supporters were the large banks, insurance companies, asset managers and payment services providers, all who could potentially lose out as a result of Britain’s decision to Brexit. Smaller firms such as financial planners, however, do not […]

Nick Bamford: Goals and objectives

I could easily be accused of being obsessed with football. I bought my wife home three days early from our honeymoon to watch Bristol Rovers play. I will watch it at every opportunity. In fact, I have probably spent more time watching the Euros recently than listening to the political nonsense of the Remain and […]

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Ian McKenna: Does US hold key to low-cost advice?

When planning how to evolve a business, wouldn’t it be great if you could jump in a time machine and look just a couple of years into the future? Once you get to understand the differences in terminology, there are far more similarities between the US and UK advice markets than there are differences. And […]

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Neil Liversidge: How direct salesmen turned the tables

Independence is much in the news of late. Until a short while ago the regulator appeared keen, if not to actually eradicate independence, to prevent any firm from so describing itself. Thankfully, common sense eventually supervened. The latest threat seems to be the hoovering up of independents by the likes of Standard Life in the […]

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Thousands of second jobbers missing out on auto-enrolment

Hundreds of thousands of workers are missing out on pension contributions because they have more than one job. Auto-enrolment rules mean contributions are calculated on a band of earnings between £5,824 and £43,000. This test is applied for each individual job, so people with multiple employers miss out on the first £5,824 each time. Provider […]

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Wells Street Journal: FCA flunks psychology 101

There is nothing like being told you are not allowed to do something to make you want to do it more and the WSJ urges the FCA to heed this well-known psychological theory when it comes to press handling. It is no secret there have been numerous roundtable meetings in recent weeks held by the […]

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Nic Cicutti: Andrew Bailey signals new era of accountability

One of the more intriguing aspects of Money Marketing’s post-Brexit special issue last week was how little attention many of us have so far paid to the fact that a new FCA chief executive took office just days after the Leave campaign won the EU referendum. Former Prudential Regulation Authority head Andrew Bailey began his […]