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FOS dispels ‘myths’ about bias against advisers

The Financial Ombudsman Service has challenged the view it is biased against advisers and takes an inconsistent approach to the profession in rulings. Lead ombudsman Caroline Mitchell criticised several “myths” advisers have about the body at Money Marketing’s Retirement Summit yesterday. She says it is not true FOS will rule against an adviser if they […]

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Has pensions cold calling ban been worth waiting for?

The pensions cold calling ban has been a long time coming, but does it go far enough in protecting people from scams? If something is worth having, it is worth waiting for, so the saying goes. The ban on pensions cold calling is finally set to take effect from June, having reached the statute books this […]

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Morningstar downgrades Woodford’s equity income fund

In a new blow for Neil Woodford, Morningstar has downgraded his signature £6bn equity income fund from silver to bronze following concerns about its positioning. Morningstar senior research analyst Peter Brunt says that “extreme positioning” in less-liquid parts of the market have made the fund “less nimble” than others. He says: “While Neil Woodford is […]

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