Former IFA Association director general Garry Heath is to launch a new adviser trade body, Money Marketing can reveal. The trade body will be open to wealth managers and independent and restricted advisers, and is set to launch next month. Heath says there is a “considerable team” behind the organisation. He says: “We are going […]
The £47bn merger of Royal Dutch Shell with BG Group could be one of the biggest of the past 10 years, with the resulting company having a value of more than £200bn. If the deal goes through, the combined company would be worth 9 per cent of the FTSE 100 and around 7.5 per cent of […]
Shadow Chancellor Ed Balls and pensions minister Steve Webb are the most high profile financial services scalps to be claimed after a shock election night. Balls, who previously held a majority of just 1,101 in the constituency of Morley & Outwood, lost out to Conservative Andrea Jenkins by 422 votes. Webb lost to Conservative candidate […]
Apfa has written to the major political parties to urge a rethink of what it terms an “unjustifiable” 10 per cent increase in advisers’ FCA fees. In a paper on proposed fees published in March, the FCA said A13 advisers will pay £74.9m in 2015/16, up by 10 per cent from £68m in 2014/15. The […]
After a volatile 2015, Peter Saacke considers the prospects for a (smooth) recovery in 2016.
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