Three leading direct-to-consumer platforms that charge exit fees have been accused of making customers pay for their own failure to bring down the costs of transferring assets. Last week, Axa announced customers on its Self Investor platform would be given up to £750 towards the cost of paying exit fees levied by ceding providers. Axa […]
By Mark Sands and Valentina Romeo After five weeks of fierce election campaigning, the results are in. Both the FTSE 100 and the pound jumped on the news of an unexpected majority secured by the Conservatives, a result far removed from the hung parliament scenario consistently touted by the pollsters. But the election throws up […]
Despite recent industry improvements on staff incentives in a bid to reduce misselling, wider performance management techniques have been found to negatively influence the behaviour of frontline staff. The FCA has been clear in its stance that firms that offer staff incentives or use ‘pushy’ performance management techniques to drive sales are not operating in […]
HSBC’s threat to move its headquarters out of the UK have prompted secret talks between the Treasury and the Bank of England on plans to separate retail and investment banking. The Sunday Times reports talks are being held behind the scenes to try to keep HSBC and other major banks in the UK. The newspaper […]
The Finance (No.2) Act 2017 has passed into law — we look at the impact on the Money Purchase Annual Allowance
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