Inflation rose sharply last month to 2.9 per cent, up from 1.9 per cent in November, according to figures from the Office of National Statistics. The rise in the consumer price index is the biggest since records began in 1997.
Ascentric says platform providers should monitor adviser charges on their platform and question high fees to avoid misselling. Managing director Hugo Thorman said platform firms should have a duty to monitor charges levied on clients. He said: “I am a definite minority in this but I think by not monitoring adviser charges we could end […]
What was your first job?My first job was as a sales support executive for the now defunct Mortgage Express. Back in the day, Mortgage Express was a great place to work, with a real entrepren-eurial feel to it. This role gave me my first taste of the online world – I registered the company URLs […]
Virgin Money has appointed former RBS executive Finlay Williamson as finance director.
Mathew Symmonds, 25, who was a customer adviser with Halifax in Middlesbrough,had admitted fraud charges totalling £1,650 when he appeared before Teesside magistrates. The magistrates then sent him to crown court for sentencing as they considered that their power of imposing a maximum of six months’ imprisonment would not be sufficient. However, at Teeside Crown […]
Trevor Greetham, RLAM’s head of multi asset, introduces the recentlylaunched RL GMAPs. Asset allocation has become an increasingly difficult challenge for investors and advisers in the years since the financial crisis. Sometimes violent price swings in stock and commodity markets coupled with the collapse in the rate of interest on bonds have made it harder […]
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It is encouraging to see the FCA close in on lazy fund management, but more needs to be done Without fanfare, the FCA has confirmed its intention to punish lazy fund management. Several groups have been persuaded into voluntarily compensating investors who bought their beta-posing-as-alpha products, otherwise known as closet trackers. The regulator suggests that […]
Ex-GBST man and FinoComp chief executive Ray Tubman on the need for a brave new world of interoperability Platforms running on proprietary technology often see this as a competitive advantage, even if it is expensive to run. But ex-GBST man and now FinoComp chief executive Ray Tubman does not believe outsourcing is the poor relation. […]
Ahead of speaking at Money Marketing Interactive in May, founder and director of The Yardstick Agency Phil Bray gives tips on how advisers can improve their public image and why the FCA should rethink their plans for the register On a scale of 1 to 10, how optimistic are you about the advice market for […]