Treasury financial secretary Mark Hoban’s comments likening the current required qualification level for IFAs to a diploma course offered by McDonald’s are offensive and betray a lack of knowledge about financial services, says SimplyBiz. Hoban made the comments in a Westminster Hall debate this morning which addressed the RDR’s impact on advisers. SimplyBiz managing director […]
Morgan Stanley IQ has reissued three six-year structured products based on FTSE 100 index performance, of which two have the potential to kick out after three years with the option to stay invested until maturity.
Old Broad Street Research co-founder Richard Downs is to take early retirement on October 22 thanks to the sale of the firm to Morningstar. Co-founder Richard Romer-Lee, currently research director, is to become a joint managing director with Nigel Whittingham, currently develop-ment director. Downs says: “OBSR has been a major part of my life, so […]
Most firms are treating with-profits customers fairly but there are examples where governance could be improved, the FCA says. In a thematic review of the sector published today, the watchdog gives its conclusions into whether with-profits are achieving good outcomes for consumers. It is based on a detailed assessment of with-profits funds at eight firms […]
The FCA is considering disclosing more information on ongoing investigations, citing customer interest in its work. In a paper entitled FCA Mission: Approach to Enforcement published on Wednesday, the City watchdog reviewed how and when it takes enforcement action against firms. In the report, the regulator said it would consider whether they could provide more […]
Welcome back from your Easter break. I trust you had a relaxing time off. We here at Money Marketing were pretty chuffed we managed to get our ducks in a row beforehand, and are able to deliver your regular weekly dose of editorial goodness, despite having two fewer days to do it. This week, we […]