Revenues in the Financial Services Division are expected to be 16 per cent below last year due to the continued weakness in the IFA network business. As anticipated in July, the group has continued to see a reduction in the overall number of RIs dropping to 6050 from 6600 in May.
Norwich Union is hosting a series of investment roadshows to help IFAs prepare for the ISA season. The sessions will examine the role of equities, with-profits, fixed income and property in building a balanced portfolio.
Franklin Templeton has reorganised its sales team as part of its push into the UK retail market. It has appointed Matt Lepine as business development manager, responsible for expanding relationships with nationals, networks and life companies. He was previously at Artemis, where he performed a similar role in the North of England, Scotland and Northern […]
It makes sense to have an independent financial adviser at home and abroad who understands the host country's rules and regulations and the investments available to you. Until now, there has been no independent analysis of commercial property partnerships and funds. However, a new publication called Property Fund Review has been launched, with research provided […]
Investec is continuing to pay 4 per cent upfront commission on its cautious managed fund for another year. The fund has almost tripled its assets under management this year, rising to £125m from £45m in January. Inflows from retail intermediaries accounted for more than 30 per cent of this, prompting Investec to extend the offer. […]
Financial advisers around the world face a new frontier of challenges, including increased fee pressures, tightening regulations, growing competition from automated advice platforms and continued market volatility. In order to better position themselves for business growth, advisers will need to assume three key roles. Click to download full article
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The Financial Ombudsman Service will be reviewed by an independent person following claims of poor staff training and alleged biases in its decisions that were exposed in a recent Channel 4 investigation. Treasury Committee chair Nicky Morgan wrote to FOS chief executive Caroline Wayman on 13 March asking for more information about the findings of […]
There are numerous trip hazards with carry forward but more clients will want to be looking at it Many believe the annual allowance will be fair game for the chancellor soon, as one of the least painful and least complex reductions in cost to the Treasury. As such, the need to contribute while clients can and […]
The world is a challenging place for a traditional one-man (or -woman) band Increased regulation and rising costs are leading to a growing number of mid-sized adviser firms. Sole trader and two-handed businesses are becoming rarer as changing rules and client demands present a greater challenge for smaller firms. Between compliance, technology and the implementation […]