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FCA cancels adviser’s permissions after court battle

The FCA has confirmed it will stop a financial adviser from trading after a lengthy court battle with the regulator. North London-based adviser Anthony Badaloo, trading as Church Hill Finance, contested the regulator’s decision to ban him on the back of trespass and criminal damage related convictions in 2015. He also failed to turn over […]

FCA: Platform study does not let fund managers off the hook

The FCA says it is not backing down on asset managers as it pursues a platform study at the same time. In an update on its upcoming platform review, FCA head of wholesale and investments competition Robin Finer, who is heading up the project, said the regulator is “absolutely not” shifting the attention away from […]

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Advice firm to compensate over tax issue

An advice firm must pay compensation following a complaint from a client who said he was “wrongly” advised to encash some investment bonds without having regard to the likely tax implications. According to a Financial Ombudsman Service decision, the firm, Prism Financial Advice, did not explain to the client that, as a higher rate taxpayer, […]

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Fidelity pensions head leaves firm

Fidelity International head of pensions policy Richard Parkin is leaving the firm after 15 years to take some time away from the industry. While a direct replacement will not be appointed, head of pensions product Carolyn Jones will take on more externally facing duties following his departure at the end of December. A Fidelity spokesperson […]

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