Savills has issued a profit warning ahead of its full year results due to significantly restricted business in its mortgage broking arms.
The Institute of Financial Planning says that adviser firms looking to move to a recurring income stream will be hit hardest by the FSA’s proposed changes on capital adequacy.
Apparently, the FSA is unhappy at industry reaction to the RDR feedback statement. They appear to be suggesting that by not pleasing any particular sector, they have created an acceptable balance. Evidently, they choose not to consider the other possibility – that such antipathy denotes an awareness that the proposed actions cannot achieve the desired outcomes.
Minister for the Cabinet Office Liam Byrne has confirmed that £126m has been overpaid to 95,000 public sector pensioners since 1978 in a large scale administrative blunder.
Johnson Fleming has received the ISO 22301 accreditation, which demonstrates the company’s ability to effectively understand and prioritise the threats to the business.
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Another investment manager offering enterprise investment schemes has alerted clients of a 10 per cent drop in value for one of its portfolios following new Mifid rules. Mifid II, which came into force on 3 January, requires firms to notify clients when the overall value of their portfolio, relative to its value at the beginning of each reporting […]
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