Last week, we launched the second half of our Game of Two Halves competition, offering the sporting day of a lifetime with Save & Prosper. We are now in week two. If you missed the questions on page 5 (how could you?) turn back. Four IFA readers have the chance to win tickets to the […]
Directors of the PIA's biggest member firms face hefty fines in four months if they continue to drag their heels over the pension misselling review. The PIA has brought forward individual registration for directors of its 92 biggest members in a bid to speed up the long-running review. The contracts come into force on May […]
While I appreciate the point that Phil Gammond was making in his letter (Money Marketing, December 4), he was overgilding the lily in his comparison of the actual cost to the customer of fees v commission. It is not right to compare the net cost of advice (£120 in his example) with the gross earnings […]
HSBC Asset Management has reissued its Dublin-based Global Protection Pep, which allows investments up to £9,000 to be made, using both the single and general Pep allowances. This Pep has traditionally been aimed at the cautious investor perhaps dipping a toe in the equity market for the first time. However, HSBC is also targeting investors […]
Jacob de Tusch-Lec, manager of the Global Income Fund, analyses a sell-off so “vicious” that the ‘hot’ stocks are underperforming emerging markets. What does it mean for the portfolio – now and in the months to come?
The Competition and Markets Authority has criticised insurers over “stealth price rises” and costly exit fees for loyal customers. The watchdog looked into areas including cash savings, mortgages and home insurance after charity Citizens Advice raised a so-called “super complaint” over how longstanding customers are treated by financial services organisations. The CMA has recognised that […]
Banking lobbyists have warned that UK banks currently face higher tax rates than international counterparts, and that these could hasten banks’ departures if they remain after Brexit. Reuters reports that research commissioned by UK Finance and carried out by consultancy PwC shows London banks face an effective tax rate on profits of 50.6 percent, above […]
Barclays has been fined $15m (£11.9m) by US regulators after attempts were made to unmask a whistleblower by chief executive Jes Staley. In 2016, a Barclays employee sent two letters regarding concerns over the chief executive’s decision to hire a former colleague to work at the bank. The whistleblower posed questions both over the experience […]