Towergate Financial has appointed Steve Petrie as a director in its private client business. Petrie previously owned IFA Alexander William.
Advisers are still waiting to hear if the Financial Services Compensation Scheme will lessen the burden of the £43m Keydata levy.
The Government must stop moving the goalposts on pension rules as a short-term fix for economic woes
Platforum says firms looking at launching a corporate platform should use off-the-shelf technology to avoid high costs. In its corporate platforms white paper, Platforum says the cost of running platforms is significant and new entrants should buy in their technology. Managing director Holly Mackay says: “There are very few providers who should be assessing an […]
Metlife is set to acquire AIG subsidiary Alico for over £10bn.
Following the surprise return of a majority Conservative government, George Osborne announced that he will deliver a second budget statement on 8 July this year.
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Latest from Money Marketing
Providers are reviewing their marketing packages to advisers at conferences and on websites amid concerns they will fall foul of new inducement rules under Mifid II. Mifid II, which came into force on 3 January, brought in more stringent rules around “non-monetary benefits” from providers to advisers. The rules have been translated into the FCA conduct of […]
A misleading headline rate of unemployment means opportunities are being overlooked by investors
The FSCS is budgeting an extra £3.5m to cover the cost of running the scheme this year. The management expenses levy, which is used to cover the cost of administering the scheme separately from any compensation payments made, proposed for 2018/19 by the FSCS today is £77.7 million, up 5 per cent on the previous […]