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FOS dispels ‘myths’ about bias against advisers

The Financial Ombudsman Service has challenged the view it is biased against advisers and takes an inconsistent approach to the profession in rulings. Lead ombudsman Caroline Mitchell criticised several “myths” advisers have about the body at Money Marketing’s Retirement Summit yesterday. She says it is not true FOS will rule against an adviser if they […]

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SJP positive on academy growth

St James’s Place is positive about the growth of its 250-strong academy despite reporting a loss in its advice arm for 2017 earlier this month. The restricted advice giant posted a loss of £35.4m for 2017, an increase on the £24.8m loss in 2016. A breakdown of SJP trainees provided to Money Marketing by the […]

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Welsh govt could ‘take action’ if British Steel introducer found breaching £119k grant

The Welsh government gave an introducer at the heart of the British Steel Pension Scheme saga a £119,000 grant in 2014. Today the BBC reported Celtic Wealth Management received a grant to create jobs in Pontarddulais, Wales by “delivering a range of financial intermediation services”. The Welsh government website says it provides a range of […]

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