How many journalists does it take to change a lightbulb? Or rather, to find their way safely to a press trip?On their way to Skandia Cowes Week to embark on a bit of sailing, it could have all ended rather suddenly when, upon arrival at Brockenhurst station in the New Forest, all eight journalists from two trade publications looked expectantly at each other before realising that no one had remembered to bring the phone number of the PR they were meeting.Nor did they have the name of the hotel where they were meeting. Or any other details whatsoever.The junket very nearly ended up at the closest country pub to the station.
Adviser pressure has paid off with the FSA issuing an extension of its first mandatory electronic reporting deadline due to technical problems with the service. The U-turn comes two weeks after the regulator told Money Marketing that there would be no extension to the August 11 deadline even though advisers had expressed concern that technical […]
So, the Bank of England has cut interest rates, citing slower household spending and business investment. As something of a contrarian, I cannot help believe that a rate cut at this point in the economic cycle only intensifies the risk that rates will have to increase more aggressively in future.
PIMS linchpins Evie Owen and James Goad have left Richmond Events to set up their own business specialising in smaller financial events. OwenJames Events, will concentrate on functions such as adviser roadshows and bespoke work for IFA firms. The duo also hope to work with research partners as knowledge brokers for the industry. They have […]
Aifa is looking for a research firm to help in an initiative designed to protect IFAs against retrospective action by the FSA and Financial Ombuds- man Service. The Stakes in the Ground project aims to create a universally-accepted source of evidence of current regulatory standards and accepted practices to inform FSA and FOS rulings. Director […]
Derek discusses a number of self-help stories as examples of where he is finding good opportunities in the UK With the FTSE trading at historically high levels, many investors have questioned whether UK equities continue to offer value. But, as Derek points out, the headline figures mask many opportunities at a sector level. He has […]
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A former IFA who pocketed clients’ Sipp money has been given a six-year jail sentence. Darren Say, who ran advice firm Wealth Connection, was found guilty of fraud by abuse of position and of fraudulent trading after creating a pension scheme that loaned money to clients’ Sipps before investing funds in a property company where […]
Consumer champion Martin Lewis has published a passionate warning about scam advertisements using his identity to endorse investment and insurance schemes. Lewis, founder of Money Saving Expert, has posted a video denouncing a cloud-based trading scheme that claims he invested £500,000 in it. He says in the video: “It is a con, it is a […]
The FCA cancelled the authorisations of more than 200 firms last year for failing to meet “basic regulatory requirements” like paying their fees or filling out regulatory returns. The regulator revealed the figure in an update today, that its Threshold Conditions Team took enforcement action against at least 207 firms for failing such compliance failings […]