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Simplybiz plan is termed ‘premature’

Threesixty has labelled SimplyBiz’s plan to provide funds to help its members meet higher capital-adequacy requirements as premature. SimplyBiz says it is acting quickly to support the IFA sector.


Savills releases profit warning

Savills has issued a profit warning ahead of its full year results due to significantly restricted business in its mortgage broking arms.

Cap-ad changes will hit new model firms

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.

Interaction stations

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.


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