Premier Mortgage Service has revealed three people were shortlisted for the role of managing director John Malone’s successor. It did not issue an offer before deciding Malone would continue in the role.
Aifa has called on the FSA to give help to IFA firms on how to use guidance in place of rule-based regulation. It calls on the regulator not to widen Mifid beyond its present boundaries without looking in detail at possible market implications.
Advisers are worried that their fees may increase to fund an FSA recruitment drive in the wake of its poor handling of the Northern Rock crisis.The FSA is to recruit up to 100 staff at a cost of £15m after its self-critical report highlighted the need for better quality supervisors and risk assessors.It wants to […]
A few weeks ago, after one of those industry seminars which you find yourself attending for some mysterious reason and then wonder why you bothered, an IFA asked me what criteria I use to decide what topic to write about this column.
By Kunal Desai, Head of Indian Equities The Neptune India Fund’s investment process serves as a key differentiating feature of the portfolio versus its peers, contributing to its significant outperformance under Manager Kunal Desai’s tenure. Focusing on industry disruption, accounting quality, liquidity and corporate governance, Kunal sets out three stocks that he’s buying in the […]
Former home secretary Amber Rudd is set to return to the cabinet as work and pensions secretary, according to reports. The appointment follows the departure of Esther McVey yesterday over her refusal to back the government’s draft Brexit deal. According to reports, Rudd, a remainer, was offered the job after environment secretary Michael Gove spent […]
The FCA has written to all former clients of Avacade Limited, an unregulated pension introducer, to inform them about its legal action against the firm and its directors. In November 2017 the FCA said it would start civil proceedings against Avacade Limited, now in liquidation, and its three directors Craig Lummis, Lee Lummis and Raymond […]
As new disclosure rules bring the full extent of protection commissions into the spotlight, experts are asking if this will see clients ditch their advisers in favour of execution-only services. Under the Insurance Distribution Directive, from 1 October advisers have had to provide clients with information before a product sale about any commission received, which […]