Four adviser firms have been referred to the FSA’s enforcement division over pension switching advice.
Old Broad Street Research (OBSR) has suspended the A ratings on the F&C Stewardship Growth and Stewardship Income funds.It said today that the decision was made following the announcement that Catherine Stanley is taking over the management of the funds, which were previously managed by Ted Scott and Hilary Aldridge.Related Articles:Finding green ways round the […]
IFA Promotion has hit out at Capital Asset Management’s claims that the IFA label is “tarnished” and says that this does not reflect consumer views.
Ascentric Pension Account
Since the introduction of auto-enrolment in 2012, it has been a popular topic in the press. Recent media focus has been geared towards small and micro employers; however attention is set to return to the UK’s largest businesses as they prepare for re-enrolment. Johnson Fleming has produced a useful guide that provides essential information to help you […]
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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 […]