Adviser trade body Pimfa wants the FCA to better communicate proposed changes to its fees so more firms will be engaged in its consultations. The FCA published its consultation on proposed fees and levies for 2018/2019 in April. Submissions closed today. A 4.2 per cent increase in adviser fees was proposed for the coming year. […]
The FCA has announced its proposals for regulating claims management firms, including plans to force them to show their fees up front and signpost free organisations like the Financial Ombudsman Service. The FCA will take over the regulation of claims companies from next April. Ahead of the move, it plans to require claims firms to […]
Two directors and five senior staff of a national recruitment agency face sentencing after they were found impersonating temporary workers in order to opt them out of their workplace pension scheme. Workchain directors Phil Tong and Adam Hinkley and five senior staff were prosecuted by The Pensions Regulator for an offence of unauthorised access to […]
In a new blow for Neil Woodford, Morningstar has downgraded his signature £6bn equity income fund from silver to bronze following concerns about its positioning. Morningstar senior research analyst Peter Brunt says that “extreme positioning” in less-liquid parts of the market have made the fund “less nimble” than others. He says: “While Neil Woodford is […]
By Sarah Scott, marketing consultant On 22 February this year the charity Diabetes UK launched a fundraising initiative, #Swim22. They challenged individuals to swim 22 miles over the course of 89 days – a distance that equates to the width of the English Channel. Because of the time period the challenge is spread over, it […]
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