The PIA has expelled IFA Bowbanks & Field of High Street, Hucknall, Nottingham for failing to be fit and proper to conduct investment business. The move comes after its sole director and regis-tered principal Graham Field pleaded guilty at Nottingham Crown Court to perverting the course of justice and obtaining money by deception. He was sentenced to four months' imprisonment in January.
Exclusive Connections has designed a four-year stepped discounted-rate mortgage for all borrowers, including the self-employed and first-time buyers.The mortgage is available for loans of up to 95 per cent of valuation and there is no arrangement fee. It offers a 2.5 per cent discount in the first year which gives a current payable rate of […]
Aberdeen Murray Johnstone Private Equity has introduced the Aberdeen growth opportunities venture capital trust (VCT).This VCT aims for long-term capital growth by investing mainly in unquoted smaller companies in the UK. It consists of around 30 holdings that cut across a wide range of sectors.When deciding which companies to invest in, the fund manager will […]
Wednesday, 26 September 2001.Type: Oeic.Aim: Growth by investing in UK equities listed in the FSTE all-shareindex.Minimum investment: Lump sum £500, monthly £50.Investment split: 100 per cent UK equities listed in the FTSE all-shareindex.Isa link: Yes.Pep transfers: Yes.Charges: Initial 5 per cent, annual up to 1.9 per cent.Commision: Choice of initial 3 per cent or initial […]
Should recognised professional bodies continue to get trail commission after N2 even though they will no longer be authorised to provide advice? “Yes. When I retire, I will no longer be authorised but I would like to still receive trail commission.” Michael Littlefield, Michael Littlefield & Associates“No. If they are not giving advice, why should […]
Two years since the process of auto-enrolment began, the looming re-enrolment deadline provides the perfect opportunity to assess whether the support you have in place, which may well have been hastily selected at the start, is fit for purpose. Johnson Fleming is holding a webinar on 10 September at 11:00 to discover the key issues and concerns you should consider when thinking about your current support options.
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The workplace presents a significant opportunity for advisers, yet many are still shunning this sizable market, experts argue. The pension freedoms and auto-enrolment have increased the unmet need for advice in the workplace. Some larger employers and pension trustees are no longer content to leave employees to fend for themselves among scammers and fraudsters and […]
Neil Woodford has rejected gloomy UK growth forecasts from the Office for Budget Responsibility revealed in yesterday’s budget, arguing the country is on track to achieve annual growth around 2 per cent. According to the OBR, growth this year will be 1.5 per cent, and fall to 1.4 per cent in 2018. Through 2019 and […]
Trade bodies tend to live in a cloistered environment while advisers keep the industry on its toes