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Adviser put into default over DB transfers raises money for appeal

A financial adviser whose firm was put into default after the FCA removed its defined benefit transfer permissions is crowdfunding to support a legal challenge. Shropshire-based Financial Page was formally declared in default in April 2017, alongside Merseyside firm Henderson Carter Associates. The two advice firms both had an appointed representative relationship with London-based lead generator […]

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What is the average salary for a UK financial adviser?

Research shows average total earnings for employed financial advisers reached £93,100 in 2017, up from £81,500 in 2016. For self-employed financial advisers, the figure was up nearly 4 per cent year on year to £89,100.  Around 500 advisers and 150 paraplanners took part in research led by recruitment consultants BWD alongside Money Marketing, taking the […]

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Wealth manager acquires Scottish adviser in latest deal

Wealth management, financial planning and legal advice group Progeny has acquired Scottish advice firm Innovate Financial Services in its first expansion north of the border. The consolidator, which has offices in London, Leeds, and Salisbury, has agreed to purchase Edinburgh-based Innovate to help the group offer a “UK-wide presence with a consistently high level of […]

Powerful estate planning tools ignored or forgotten by wealthy Brits

Canada Life IHT Survey 2016 Only a quarter of wealthy Brits have sought professional estate planning advice to ensure their families don’t pay more tax than required More than a quarter don’t even have a will and just one in five have gifted money Many say they do not need these tools but families would […]

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  1. Should their performance fall short of a defined benchmark by a defined amount for a defined period ~ Yes. Subject to those criteria, I don’t understand by what rationale anyone would vote No. That’s supporting reward for failure.

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