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Regulatory costs force Norfolk advice firm to close

Regulatory costs have been blamed for the closure of a Norfolk IFA just days after advisers saw their FSCS levies almost double to £100m. In a statement on its website, Norwich-based advice firm Taylor & Taylor says regulatory changes have made continuing as a business unviable. It says: “We very much appreciate the support provided […]

Architas loses multi-asset manager to Schroders

Architas has appointed senior investment manager Nathan Sweeney as co-manager at the firm, after the departure of Stephanie Carbonneil to join Schroders. Sweeney will manage the the £770m Architas Multi-Asset Active range and run the six risk-profiled funds alongside existing co-manager and Architas chief investment officer Caspar Rock. Sweeney replaces senior investment manager Stephanie Carbonneil, who will […]

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Govt pledges to tackle ‘heavy handed’ regulators

The Government will today set out plans to cut at least £10bn in business red tape in a bid to boost Britain’s growth prospects, the Telegraph reports. Recently-appointed Business Secretary Sajid Javid will vow to help small firms by getting “heavy handed” regulators off their backs. In a speech in Bristol, Javid will say: “Small […]

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