The FCA has ordered eight advice firms to carry out skilled persons reports in relation to insistent clients following a thematic review on pension transfers, Money Marketing understands. A skilled persons report, also known as a Section 166 report, checks for weaknesses or failings in a firm’s practices. The review can result in enforcement action […]
Wealthy UK investors are prepared to pay a maximum of £110 an hour for financial advice, a Legg Mason survey shows, 26 per cent less than the average fee charged by advisers in 2014. According to Legg Mason, the cost of advice can range from £75 to £250 per hour, with one poll by unbiased.co.uk […]
Tesco has posted a record loss of £6.4bn, one of the biggest losses outside of banking in British corporate history. In its annual results, published today, the supermarket group revealed it made a pre-tax loss of £6.38bn in the year to the end of February, compared with a pre-tax profit of £2.3bn the previous year. […]
Investment platform targets 1.4 million firms yet to hit staging dates.
Mark Martin, Head of UK Equities, Neptune Brexit negotiations have weighed on consumer confidence. After several years of high levels of consumer confidence, cracks have emerged as house price growth in many regions stalled and the Bank of England raised interest rates for the first time since 2007. The rise in rates appeared to reflect the […]
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