“The best thing to do would be to have someone shoot all these people and start again” Alan Steel Asset management chairman Alan Steel on diplomatic form when it comes to the FCA “He’s the kind of guy who would have tried to reason with the school bully and got punched in the face anyway” […]
The idea of “insistent clients” conjures up the notion that long-standing clients will somehow morph into unruly teenagers who won’t do what they are told. Clearly that is not the case. But neither are advisers jumping the gun here. Advisers are right to be agitated about the lack of clear regulatory guidance about how to […]
Controversial payday lender Wonga has reported a pre-tax loss of £37.3m for 2014 after taking a £35m customer remediation hit following an intervention by the FCA. The firm’s full-year results for the 12 months to 31 December 2014, published today, reveal revenues plummeted 31 per cent year-on-year, from £314.7m to £217.2m, driven by a “significant […]
Royal London Asset Management has unveiled an Enhanced Cash Plus fund to complement its £1bn Cash Plus fund. The new fund, which launches today, has a similar investment approach to the existing Cash Plus fund, aiming to preserve capital while providing income and capital growth in excess of money market rates, but with the potential […]
By Jamie Clark, Business Development Manager The pensions revolution is almost upon us. As with any revolution, there will be winners and losers. The winners in this case could presumably be the politicians that orchestrated pensions freedom and choice just before the general election. As for the losers, there may be many thousands of people […]
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