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 […]
The automated advice sector is at risk if the regulator does not make an example of those it has found to fall short of its rules The FCA’s recent review of automated investment services represents the end of the honeymoon period for the regulator and robos, with findings highlighting problems around suitability, fee disclosure and […]
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 […]
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 […]
Research from Jelf Employee Benefits and retirement workshops specialist LaterLife Learning shows that one in two employers could offer their older workers greater remuneration flexibility so that they can benefit from the new Freedom of Pensions rules.
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