Apfa has written to the major political parties to urge a rethink of what it terms an “unjustifiable” 10 per cent increase in advisers’ FCA fees. In a paper on proposed fees published in March, the FCA said A13 advisers will pay £74.9m in 2015/16, up by 10 per cent from £68m in 2014/15. The […]
The Financial Services Compensation Scheme has appointed former Deloitte partner Mark Adams as a non-executive director. Adams will join the FSCS in June. He replaces Phil Wallace who has served two terms on the board. Adams is a chartered accountant and insolvency practitioner, and has previously been an adviser to the Bank of England. FSCS […]
TSB has rolled out its buy-to-let proposition to the rest of its broker panel. The lender has been piloting its buy-to-let proposition with London & Country for the past two months. Initially, TSB has made available five-year products with further deals to be launched over the coming weeks. Rates start at 3.49 per cent and […]
Prime minister David Cameron has confirmed Ros Altmann is to be pensions minister, days after she told Money Marketing she had turned down the role. Prior to the election Altmann said she would be minister responsible for consumer protection and education. She said she did not want to be pensions minister because she thought she […]
New figures requested from the Office for National Statistics by Jelf International reveal the countries with the largest numbers of employees working for a UK-controlled parent company (known as UKFAs or UK foreign affiliates).
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