The FSA has fined UBS 100,000 for failures in its systems for reporting transactions in financial instruments from May 1999 to October 2005.In July UBS Wealth Management made a suspicious transaction report to the FSA. Following a review of the report by the regulator it was established the transaction had been incorrectly reported as a […]
Commercial pressures and new technology have forced a sea change in the way that advisers are choosing to receive training and development support, according to Sesame head of proposition delivery Andrew Oliver. Analysis by Sesame among advisers has highlighted a shift in preferences for how people receive training and while face- to-face workshops continue to […]
Royal London Private Equity Partners is changing its name to RJD Partners as its four principals buy the firm. The four principals of RJD Partners, chief executive David MacLellan and directors John Dillon, Richard Caston and Duncan Johnson are increasing their shareholdings to 85 per cent with former parent mutual insurer Royal London maintaining a […]
Those of you who have read any of the political manifestos over the previous weeks may have noticed one glaring omission from all the publications: the subject of welfare reform and the role that income protection could (and probably should) play in this process.
The FCA has defended its position on annual authorisation fees as well as its communication with advice firms over payment deadlines. Speaking to Money Marketing, an FCA spokeswoman says firm owners are made well-aware of deadlines. It was pointed out the regulator had placed a reminder in the regulatory round-ups published on its website in both […]
The tapered annual allowance is one of the top concerns for clients who come to advisers, according to Prudential research. Last week Money Marketing reported the number of people declaring annual allowance breaches more than doubled in the 2016/17 financial year when the tapered annual allowance was introduced. Now a survey of 700 advisers conducted […]