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FCA tells advisers to signpost Pensions Ombudsman

The FCA has told advisers to make clients aware of their right to refer complaints to the The Pensions Ombudsman, not just the Financial Ombudsman Service. Currently, advisers must notify clients that they can complain to the FOS if they believe they have been miss-sold, but are not required to signpost TPO. While complaints over […]

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Equity release boom continues as £10m accessed every day

Equity release lending continues to grow at an exponential rate, with almost £10m of housing wealth being withdrawn a day, according to the latest quarterly figures from the Equity Release Council. This figure has more than doubled in the space of two years. In 2016 the homeowners withdrew around £4.3m of housing wealth a day over […]

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Gina Miller attacks FCA over failure to tackle Mifid II breaches

SCM Direct founding partner Gina Miller has criticised the FCA for failing to tackle firms breaching Mifid II rules in its final asset management study report. The FCA published its final policy changes on Thursday, introducing new rules forcing fund managers to ensure their products provide value for the end investor. Miller criticises the regulator’s failure to respond to […]

Liontrust inflows double in one year

Liontrust Asset management has seen net flows double over the course of the last year to £1bn. The group’s assets under management have jumped 61 per cent in the year, according to the firm’s Q1 trading update this morning. The group’s AUM currently stands at £10.5bn and it has seen £255m net inflows in the […]

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