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Lee Robertson
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Lee Robertson: The high cost of vertical integration

Lines have become increasingly blurred between the various elements and disciplines in the financial eco-system. Back office providers are launching robo-advice services, data providers are launching model portfolios and active and passive fund managers are launching passive and active funds respectively. Meanwhile, adviser platforms are offering discretionary services, fund managers are buying platforms and some […]

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Alliance Trust Savings appoints chair

Alliance Trust Savings has appointed former Friends Life chief financial officer Tim Tookey as its new chairman, following the previous break-up of the board. Tookey has spent more than 30 years in the financial services industry, having worked as group finance director at Lloyds Banking Group, and held roles in Prudential, Heath Lambert and KPMG. […]

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FCA boosts call centre staff after missing response target

The FCA missed its own targets to respond to emails and letters from firms and will employ a part-time telephone team to help with demand. The FCA today published its service standards report for the period April 2015 to March 2016 that rates the regulator’s performance on areas including authorisations, communication and complaints. The regulator […]

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MPs table motion for FSCS funding reform

MPs have called on the FCA and the Government to reconsider a product levy as part of the upcoming review of the Financial Services Compensation Scheme’s funding model. A product levy was previously deemed out of scope of the review because it would require a change in legislation. However, in an early day motion tabled on 25 […]

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Lifetime Isa – how it works

According to George Osborne “people like Isas – because they’re simple”. Fiona Tait is not convinced… Contributions & bonuses What he said: “From April 2017, anyone under the age of 40 will be able to open a Lifetime Isa and save up to £4,000 each year. And for every £4 you save, the Government will […]

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