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Adviser ordered to pay redress after changing benchmark

A Hertfordshire-based advice firm has been ordered to pay a couple £10,000 compensation after changing the performance benchmark of their savings. According to a Sunday Times report, a Financial Ombudsman Service investigation resulted in Wagstaffs Wealth Management paying compensation to couple David and Josephine Kelsall, who had saved more than £1m over 50 years. The […]

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Senior Managers Regime will put an end to reckless advisers

The Spring Budget arrived with more of a whimper than a bang. Beyond the National Insurance hike (which was swiftly U-turned on just one week later) there were few significant developments. It seems the Treasury is keeping things on a steady footing until we are closer to Brexit. The world of regulation, however, has got […]

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SEI bucks Isa dip as assets increase 25%

SEI Wealth Platform increased its assets under administration by 25 per cent in 2016 to £31.6bn from £25.2bn the previous year. In an announcement today, the business says net flows in its UK private banking business rose by 21 per cent in 2016. SEI’s data shows that the 2016 Isa season was slower than expected, […]

The investment clock

While Trump blazes blond in the political foreground, it’s easy to overlook the economic background to the new political dimension of 2017. Political risk will be a feature of the year: the unpredictable and untested Trump administration has already created uncertainty, which is unlikely to diminish, especially if protectionist rhetoric starts to outweigh promises of […]

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