Latest News
L&G plans for 20% surge in passive sales
Projected retail uptake of passive investment funds is projected to soar as price competition drives business.
Market view: Commission has listened to pension industry
Industry supports European Commission’s decision not to “hamstring pension schemes with overly onerous and unnecessarily complex funding rules”.
IFA: Income has grown post-RDR despite client cull
Post-RDR business model healthy despite being able to serve less than a third of pre-RDR clients, adviser claims.
Harlequin blames ‘discrepancies’ for two-year redress delay
Court ordered firm to repay investors original deposits, a 10 per cent penalty, plus interest of 6 per cent from December 2008.
OFT delays Blackrock’s Credit Suisse ETF merger
Delays such as this are “common” practice, Blackrock says.
Questions raised over SJP’s RDR charging
Firm says the FCA is aware of its charging structure and has approved it.
Analysis & Opinion
Culling the adviser herd: No routes for new blood
Advisers are no longer able to start off by knocking on doors or sitting behind bank desks, Trevor Phelps warns.
Quick questions: Panacea’s Derek Bradley
In the hot seat this week is Derek Bradley, who tells us he needs a day off and that he chose his first job for its association with the sea
RDR Transition: We had to learn to say ‘no’ to clients
IFA says RDR changes are positive for the industry but that regulators now need to prove they are value for money.
Diary of an adviser: Martin Evans
Monday: I am in the office by 9am and complete preparation for a client meeting at 10.30am.
Recent Articles
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May 23, 2013Bradbury Hamilton brings new client banks on board
London-based IFA Bradbury Hamilton has acquired the client banks of two firms and increased its assets under management to £300m, Sheriar Bradbury...
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May 23, 2013Perspective looks to future with interns
National advisory firm Perspective Financial Group has selected its third university student for an internship programme, Julie Hepworth has...
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From Regulation| May 23, 2013JPMorgan slapped with £3m fine over investment advice
Client communications confirming suitability profiles not always sent to clients, regulator reveals.
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May 23, 2013Further SJP sale nets £450m as Lloyds breaks ‘lock-up’
As a result of the placing, Lloyds Banking Group will realise a gain on sale of approximately £40m.
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May 23, 2013Cofunds’ chairman steps down after L&G takes over
Cofunds’ chairman is latest in a series of high profile departures to quit the platform.
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May 22, 2013Discretionary service open for business at Fowler Drew
London-based Fowler Drew is hoping to enter discussions with other advisers to see if it can provide them with a discretionary wealth management...
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May 22, 2013Life offices not facilitating charges on pre-RDR business
Providers are not helping advisers to facilitate adviser charging for existing clients, and are focused more on developing new business, Peter...
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From Pensions| May 22, 2013Ombudsman tells Sun Life to compensate client
An adviser’s client had to accept a lower annuity rate after Sun Life was slow to transfer their pension fund to another provider.
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From Regulation| May 22, 2013High Court upholds Fos verdict despite ‘solicitation’
Independent assessor said Ombudsman’s investigation was not “well and firmly managed”.
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May 22, 2013Axa Wealth International enhances adviser charging options
Ongoing charging now available as fixed amount or percentage within the Estate Planning Bond.