The Council of Mortgage Lenders has taken steps to stamp out the current rampant fraud problem in the UK new-build sector.
The Chartered Insurance Institute has established a taskforce to plan for possible RDR qualification requirements, following a 60 per cent increase in individuals enrolling in diploma exams this year.
Last week, I received an email from an IFA accusing me of being a w****r, “along with your mates at the Consumers’ Association, who promoted endowments in the 1980s and then said the opposite a few years later”. Regarding the gibe at the Consumers’ Association, now called Which?, I am familiar with the allegation that […]
By increasing transparency and publishing firm-specific information the FSA risks “publishing for publishing’s sake” rather than achieving any real value for consumers, according to the Investment Management Association.
By Fiona Tait, Pensions Specialist Ros Altmann reportedly hoped for more product innovation following pension freedom¹ and, according to one poll, 66 per cent of advisers also believe that providers should be doing more². This article considers whether there is a real client need for new products, or whether we should be focusing our attention on efficient delivery […]
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The curious goings-on in the world of financial services
Experts have played down any immediate moves from the FCA towards those firms that are not prepared for Mifid II regulation that comes into force on 3 January 2018. However, concerns remain that a “material number” of small asset managers have not yet started preparing for the major European regulation. The FCA expects firms to […]
OMGI chief executive and star fund manager Richard Buxton is set to lead a management buyout of the single-strategy funds division of Old Mutual Wealth with the backing of TA Associates. The £550m deal is set to be announced before Christmas, Sky News reports. The buyout is part of Old Mutual’s managed separation, which is […]