The FSA has confirmed the number of registered IFAs has rocketed in the last three years by more than 40 per cent. Howard Davies announced the rise at a polarisation meeting in London on Thursday. He said: "Over the last three years the number of independent advisers registered with the FSA is up by over 40 per cent as direct sales forces have reduced."
Christopher Mellor made a very valid point over his deal-ings with that bastion of monumental incompetence, the PIA Ombudsman.I was subject to a complaint about paying my fees. I instit-uted court proceedings so the complainant, advised by another IFA, complained to the ombudsman. I was asked for £500 but refused on the grounds that the […]
Now the £75m takeover of Towry Law is in place, AMP is finally hoping to lay the ghosts of pension misselling to rest and build AMP as a strong advice-led brand in the UK.UK managing director Tom Fraser, still less than a year into the job after joining from Norwich Union, has spent millions since […]
Morley Fund Management, which is part of CGNU, has put the spotlight on Europe with the introduction of the European focus fund.Created as an open-ended investment company (Oeic), European Focus is aimed at medium-risk experienced investors who are looking for growth by investing in European equities.European focus will be based on the European element of […]
At the end of November, the FSA will finally get its full authority and the era of the single regulator will arrive. But the new regulator has already been busy, both in terms of preparation and in pursuing a number of projects that have arisen along the way.Perhaps an indication of the ambitious attitude tow-ards […]
By Paul Caruana-Galizia, Neptune Economist
Sub-Saharan Africa’s economic renaissance continues. After growing at an average rate of five per cent over the past decade, the IMF projects an acceleration to 5.5 per cent growth among Sub-Saharan economies in the next two years, as developed economies emerge from the crisis. We expect this growth to be sustainable for three broad reasons.
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Independent governance committees at big-name pension providers are failing to safeguard the interests of savers and the FCA must take action, fresh research finds. In 2015, the FCA required contract-based pension providers to appoint IGCs to act as champions of savers’ interests. IGCs are required to publish annual reports to increase transparency and encourage comparison […]
The FCA is reviewing the content of its pension transfer specialist examination standard in light of recent issues with pension transfer advice, Money Marketing understands. The regulator does not offer qualifications but it does have a role in setting standards for exams and publishes “appropriate examination standards” guidance. Money Marketing understands a working group, mostly […]
Building on auto-enrolment’s success and fine tuning the pensions dashboard are high on the list As I write my first Money Marketing column of the year, it has given me an opportunity to look back on what the Government has done to transform pensions and savings for people since 2010. Five years on from the […]