Aifa has launched a working group to draw up the trade body’s response to the FSA’s review of retail distribution.Aifa director general Chris Cummings says members should not underestimate the importance of the review and the recommendations it could make.Former Tenet Group chairman Barry Kayes will chair the group.Cummings says: “It is essential that our […]
Focus has extended its contract with HSBC Bank to provide its software consultancy and development services. The initial contract was due to be worth 850,000 as announced on August 4, but has now grown by a further 430,000 with the additional amount due to be paid this month. The HSBC deal is now generating over […]
Click link to view full video Portfolio manager Aziz Hamzaogullari talks about the unique style he brings to growth investing, shares examples of companies that meet his growth criteria and explains the importance of fundamental research in a concentrated fund.
The boss of Westpac, one of Australia’s largest banks, has said that its decision to exit the advice market “has not been taken lightly” as the firm looks to restructure its wealth management division. In an update posted on the London Stock Exchange’s news service, the bank confirms its decision to pull out of the […]
Since it was first proposed, it has been clear to many that the Lifetime Isa is unsafe to sell without advice. Significant dangers arise from the product’s complex design, absence of clear risk warnings, lack of suitability checks and asymmetry of information between customers and providers. The first evidence of such problems is appearing. Lisas […]
UBS has been fined £27.6m by the regulator after misreporting close to 136m transactions over a ten-year period. Between November 2007 and May 2017, the Switzerland-based bank failed to report a number transactions as required but also reported cases that did not require it. The FCA says UBS failed to provide complete information on 86.67m […]