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Towergate buys KB Rollitt

Towergate Financial has acquired Newark-based wealth management and financial planning firm KB Rollitt & Company Limited.

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Commission can stay for protection business

Advisers and insurers are relieved at the FSA’s decision to allow commission to remain for protection products. In the retail distribution review consultation paper, the FSA says it will not introduce adviser-charging for protection but will require firms to disclose a commission payment where pure protection is sold at the same time as investment advice. […]

Iceland president vetoes Icesave bill

Icelandic president Olafur Ragnar Grimsson has refused to ratify a bill passed by the country’s parliament to authorise the repayment of  money to Britain and the Netherlands following the collapse of Icesave bank in 2008. 

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Ex-Which? chief takes consumer role at FSA

The FSA has appointed former Which? consumer champion Julian Edwards to the new role of consumer senior adviser. The regulator says it established the role to help deliver better outcomes for consumers through “intensive supervision and rigorous risk assessment”. The aim is to also strengthen the FSA’s understanding of consumer issues. Edwards, who took up […]

Indian market rallies as Modi's popularity strengthens

Kunal Desai, manager of the Neptune India Fund, comments on the implications of the BJP’s historic election win in India’s most populous state, Uttar Pradesh. Read the full article here Important Information – for investment professionals only. Not for retail clients.  Investment risks  The Neptune India Fund may have a high volatility rating and past […]

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