Consolidator AFH has bought York-based advice firm Corville Financial Services for up to £2.9m. The acquisition is AFH’s eighth so far for the financial year. AFH has already paid £1.47m with the rest of the projected purchase price to be paid in two lots over 26 months, subject to performance. Debbie and Nick Burchall will […]
The FCA is reviewing Mifid II following criticisms that millions of savers are being provided with misleading or false information, The Financial Times reports. Speaking at the FCA’s asset management conference in London on Tuesday, chief executive Andrew Bailey said introducing some aspects of Mifid II had “not gone as we hoped it would and […]
The new single financial guidance body should prioritise informing consumers about the protection the Financial Services Compensation Scheme provides on pensions, the FCA says. In a roundtable discussion today on pensions and choices for retirement income products, FCA strategy and competition director Christopher Woolard cited research published by the lifeboat fund in March. The research […]
The Financial Guidance and Claims Bill will not apply to introducers, the government has confirmed in a letter published today. The letter is a response to MPs who expressed concern the cold call ban is unlikely to protect consumers and their pensions from unregulated introducers who do face-to-face marketing. It sheds light on how the […]
Following a cabinet reshuffle in light of last week’s general election, David Cameron has announced that Ros Altmann will be replacing Steve Webb as pensions minister. As the industry works with one of the largest reforms to the sector in almost a century, the former adviser to Tony Blair has been tasked with ensuring that the pensions revolution does not stray off track.
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