The PIA has suspended three IFA firms for failing to renew their PI insurance cover. Blenheim Financial Services of Church Farm, Coates, Cirencester, Gloucestershire; Fernside Financial Services of Feltham Road, Ashford, Middlesex and R&W Financial Services of Main Street, Shildon, County Durham have had investment business suspended pending their renewal of PI cover.
M&G is predicting a rosier outlook for technology funds, after a US appeal court overturned a decision which could have led to the break-up of Microsoft last week.Global technology fund manager Greg Kerr says: “This is good news for the company in that it lifts the cloud of uncertainty which has been weighing on it […]
LM Financial is recruiting former senior sales head at John Charcol's Holborn head office as its regional sales director for the South of England Dale Pilkington. Pilkington joins two other recent appointments, Chris Hervey is Lamensdorf's new finance director and boasts over twenty years experience at director level in both the financial services industry and […]
Pensions advisory service Opas has attacked life office contract terms and charges as the main sources of complaints to its helpline.In its annual review of cases for 2000/01, Opas says “scandalous practices of ill-defined contract terms and hidden charges” were the main areas of complaints. It hopes that stakeholder will help to ensure this becomes […]
Newton Higher Income fund manager Toby Thompson has been poached by New Star Asset Management.Thompson will managed New Stars equity income fund, which is set for launch later this year.
Dr. Andrew Lo, Founder and Chief Investment Strategist at AlphaSimplex, discusses why it is difficult to keep a long-term perspective in short-term markets.
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Robo firms’ shortcomings around suitability, fee disclosure and identifying vulnerable clients have been highlighted in findings from an FCA review today. The regulator reviewed seven firms offering online discretionary investment management services and three firms giving automated advice. The FCA says service and fee-related disclosures at most online discretionary investment management firms in its sample […]
Wealth manager Brewin Dolphin has acquired the financial planning and investment assets of Dundee firm Clark Thomson Mortgage Finders. Brewin Dolphin gets 150 clients through the deal. David Hogg, one of the directors of Clark Thomson is set to retire after 35 years in the industry. No staff will move to Brewin Dolphin as part […]
Sesame must compensate a client who complained she was missold a personal pension by one of the network’s former appointed representatives. According to a Financial Ombudsman Service decision, in 2002, Mrs P met with an adviser of a business that was at the time an appointed representative of Sesame. Following this meeting Mrs P agreed […]