Rory Percival’s replacement as one of the leading liasons between advisers and the regulator will be Chris Hewitt, Percival has revealed. Hewitt, a lead associate in the FCA’s investment intermediaries department, worked in financial advice before joining then regulator the Financial Services Authority in 2010 and is level four qualified. A due diligence specialist, Hewitt […]
The Prime Minister’s allies have downplayed suggestions Theresa May is critical of the Bank of England’s monetary policy amid a recent war of words. The Financial Times reports recent comments by May have caused concern at the Bank and Treasury that the Government was looking to intervene after she warned of “bad side effects” from […]
The Women Against State Pension Inequality campaign has brought in lawyers to craft a case against the government over state pension age changes. In an update on its Twitter account, Waspi, which is campaigning for transitional measures for women for in the 1950s who have seen their state pension age increase, confirm that they have instructed […]
Flexible benefits platforms are becoming increasingly popular, with 80% of employers with more than 100 employees offering some form of flexible benefits scheme, compared with just 11% a decade ago. However, global mobility of employees is on the rise, with nearly 57 million expats predicted by 2017, which can add further complexity to your picture.
Robo-adviser Candid Financial Advice has exceeded £100m in client funds under advice five years after its launch. Candid director Justin Modray says he is now looking to improve the firm’s scalability and accelerate growth since starting out in 2013. The firm is targeting an additional £100m in the next two and a half years. Modray […]
SimplyBiz Group has announced two new hires in a bid to strengthen its compliance support team. Paul Bruns, who will work as director of field compliance, joins from Sesame Bankhall Group, where he worked for 14 years – most recently as compliance operations and oversight manager. Among his new duties he will take charge of […]
The Financial Services Compensation Scheme has compensated thousands of former Beaufort clients five months after the discretionary fund manager’s collapse, in another round of repayments. Last weekend, 12,000 of Beaufort’s ex-clients were moved across to The Share Centre as their new broker. A first tranche of cash and assets was also returned to clients. Remaining […]