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FCA working group struggles with template for asset classes

There is continued disagreement surrounding asset class within a FCA cost disclosure template, minutes from the institutional disclosure working group meeting shows. While members were in agreement that “significant progress” has been made in recent weeks, there are still issues relating to certain asset classes including the question of purchases and sales for FX and […]

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Phoenix downplays impact of tech upgrade issues

Phoenix Group has downplayed the impact of an IT upgrade in its adviser arm, which clients say has led to issues with receiving pension payments. The provider is currently running a systems upgrade as part of the integration of Axa Wealth’s pensions and protection businesses it acquired in August 2017. However, customers who have experienced […]

AFH Alan Hudson 700

AFH profits soar as it plots further acquisitions

Consolidator AFH has reported a 177 per cent increase in profit after tax for the first half of the year as its acquisition ambitions show no sign of waning. The company’s profit increased to £2.5m from £900,000 in 2017 and funds under management grew to £3.2bn from £2.2bn in the same period last year. Revenue […]

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