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RBS working on plans for standalone digital bank

Royal Bank of Scotland is mulling launching a standalone digital bank and has assigned a former top executive to the project, according to reports. Sky News says RBS’s former chief operating officer Mark Bailie is leading the “secret” project and that tens of millions of pounds have been assigned to creating the digital platform. The […]

sam sloma

Sam Sloma: Advisers need to teach clients patience

Younger clients used to the immediacy of the modern world fail to understand wealth is created over decades. I deal with a different demographic to most advisers in the UK. My firm’s average client age is substantially lower than that of the wider industry, at mid-30s. I work with two main subsets of clients as […]

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Gina Miller attacks FCA over failure to tackle Mifid II breaches

SCM Direct founding partner Gina Miller has criticised the FCA for failing to tackle firms breaching Mifid II rules in its final asset management study report. The FCA published its final policy changes on Thursday, introducing new rules forcing fund managers to ensure their products provide value for the end investor. Miller criticises the regulator’s failure to respond to […]

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