The Recruitment and Employment Confederation is calling for the Government to set a common date for all agency workers to be auto-enrolled into a qualifying scheme or risk distorting the recruitment market.
Personal investment firms that cannot get comprehensive professional indemnity insurance will have to hold significantly higher capital under the regulator’s new prudential rules. The rules require that,where a firm has exclusions on lines of business or on FSA-instigated thematic reviews, it will need to hold additional capital above the new £20,000 minimum or three months’ […]
The FSA admits that reform of its conduct supervision is needed but warns that “a turf war” could break out if its enforcement activity is separated out among different bodies. At a Bloomberg event in London this week, FSA chief executive Hector Sants said the regulator needs to maintain a concentrated enforcement function with clear […]
By Lorna Blyth, Investment Marketing Manager Delivering a decent drawdown review process takes time and resources. This article looks at how you can manage drawdown clients in a more cost-effective way. Most advisers are seeing an increase in drawdown clients following pension freedoms. Often these are clients with lower fund sizes, which means advisers are […]
Advice network Intrinsic is funding a 58-week training programme through the Quilter Financial Adviser School to get more get more advisers to join its ranks. The course includes specific Intrinsic training throughout the core QFAS programme and means advisers will be trained on Intrinsic systems and processes. It is open to any student who will […]
Influential think tank the Institute for Fiscal Studies has added to pressure on the government from the pensions industry not to restrict tax breaks ahead of the Budget later this month. The IFS says it would be a “step in the wrong direction” to resitrct pension tax breaks on high earners, even though it could […]
Advice firm consolidator AFH is looking to raise £15m to fund more acquisitions by offering new shares in the company. It will sell new ordinary shares in the company at 370p a share in a quickfire offering, with the proceeds used to “execute the company’s acquisition pipeline”, AFH said in a stock market announcement today. […]