The FSCS says it is going to secure the return the vast majority of assets to investors in Beaufort Securities after a plan to compensate clients was agreed. IFAs, who remember the Towry rescue, will still be watching rather nervously.
HMRC is seeking more power to obtain online financial information without resort to the tax tribunal.
Influential consultant Clive Waller says he is going cold on cash flow modelling. Among other concerns, he says the regulator is getting close to making it compulsory in certain situations. But he also has gone through the process himself and found it too detailed.
The pensions select committee is to turn its attention to the advice market and the costs of post retirement pension provision – so it looks like the costs associated with drawdown are in its sights.
The Bank of England governor has said the impact of ‘no deal’ would be a deep recession on a par with that following the financial crisis.
AJ Bell’s Russ Mould warns investors not to be complacent about the tech giants in the wake of Apple reaching a £1trillion valuation.
Citywire relates 12 expert reactions to the rise in the base rate to 0.75%.
RBS is to pay its first dividend since the financial crisis.
Well known financial planner Claire Walsh joins Schroders as personal finance director covering communications, business development and public affairs.