Skipton and Newcastle building societies have both denied reports that they are in talks over a potential takeover deal.
Newly appointed Openwork chief executive Martin Davis says the network may offer an IFA proposition to advisers as well as its current multi-tied strategy.
The Government is to review the role of the Financial Ombudsman Service and the Financial Services Compensation Scheme as part of a raft of banking reforms announced today.
Skipton and Newcastle building societies have both denied reports that they are in talks over a potential takeover deal. Press reports suggested that Skipton could be poised to take over Newcastle to create a 21bn mutual with more than a million members.
The Financial Conduct Authority (FCA) has started to change the way that people will be told about their pension options. In a recent market study paper, they lay out their final proposals on the information that should be delivered to people approaching retirement and how it should look and feel. During 2015, there will be […]
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The Financial Services Compensation Scheme will automatically compensate hundreds of clients of a collapsed discretionary fund manager, but other investors will have to wait another five months to get their money back. London-based Beaufort Securities has been investigated by both the FCA and US authorities. An indictment from the US Department of Justice alleges that […]
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The FCA has reiterated its warnings that advisers outsourcing defined benefit transfer advice to firms with relevant qualifications cannot divorce themselves from responsibility for the eventual recommendation. While existing FCA rules require additional qualifications to advise on DB transfers, and the FCA has written to all firms who have DB transfer permissions as part of […]