An increase in the Financial Ombudsman Service compensation cap for small businesses could hit advisers’ professional indemnity insurance premiums. In a discussion paper published last month on small businesses, the FCA outlined options for expanding the criteria for FOS complaints. It said as a result the maximum award limit might need to be raised from […]
National advice firm Towry has abandoned plans to float on the stock market in favour of a sale in the new year. In June, private equity backer Palamon Capital Partners met with advisers to discuss a listing but has since hired investment bank Evercore to find new investors. It is expected Palamon will sell its […]
Now the dust has settled on the Autumn Statement, it is worth taking a closer look to see how it has affected financial planning. George Osborne may have got lucky with some rosy estimates of his expected tax take and could well get away with his giveaways in tax credits and elsewhere. Or he could […]
The Government has extended the period during which it will offload its stake in Lloyds, the part-nationalised bank, by six months. The announcement means the Treasury will continue selling shares in Lloyds to institutional investors until 30 June 2016, before opening up to retail investors. The plan could be stopped before this date to ensure […]
Adviser trade body Pimfa has called on the government to go forward with the pensions dashboard as rumours swirl that ministers are considering abandoning the idea. Pimfa’s call comes after reports claim work and pensions secretary Esther McVey believes that the pensions dashboard would be a distraction to rolling out universal credit and so should […]
The Money Advice Service will soon be superseded by a new public financial guidance body, rolling it into Pension Wise and The Pensions Advisory Service. Money Marketing looks at some of the key stats for the organisation ahead of the transition.
The year so far has been full of manager and senior staff moves. Earlier this month, eight senior staff at Standard Life Aberdeen left to go to Aviva Investors, to join former Standard Life Investments equities head David Cumming. With moves like this in mind, is a management team or sole manager the better choice? […]