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Neil Liversidge: Caveat emptor and insistent clients

The Financial Ombudsman Service seems to have reduced the insistent client debate to a selective and capricious interpretation of the “client’s best interest” rule. That is useful for the FOS, of course. It enables it to oil the wheel that squeaks the loudest by ordering placatory handouts at advisers’ expense. The FCA is also a […]

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FCA bans pair over £24m unsuitable pension investments

The FCA has banned two PCD Wealth and Pensions Management employees for lack of integrity after they invested nearly £24m of customers’ pension funds in unsuitable investments. Mark Kelly and Patrick Gray will not be fined by the FCA because they were not approved persons at the time of the misconduct. Further investigations are underway. […]

Steven Levin

Old Mutual Wealth rejoins ABI

Old Mutual Wealth has decided to rejoin as a member of the Association of British Insurers eight years after the provider decided to withdraw its membership. Old Mutual Wealth left the trade body in 2008. Speaking at the ABI chairman’s dinner in London last night, outgoing chairman Paul Evans announced the firm had been convinced […]

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