The FCA has banned adviser Geoffrey Armin over British Steel failures though he appealed an initial £1.5m fine. He has accepted a ban and agreed to pay £200,000 as New Model Adviser reports.
True Potential’s platform has leaked the personal details of 6,336 clients to Flintshire based Celtic Financial Planning, NMA has ‘learned’.
The details, which included clients’ full names, addresses and national insurance numbers, were included on a spreadsheet that was downloaded by the IFA. At least the details have not got into nefarious hands.
Nucleus is on a mission to be the UK's leading adviser platform, through a significant investment in technology, service, propositions and people, its chief executive Richard Rowney says in an interview with FTAdviser.
An adviser has complained to Aviva about its processes after a client bypassed the advice process, after his recommendation and chose to deal directly with the firm to avoid advice charges.
“It’s going back to the old days where any man and his dog can sell anything”, Financial Risk Management principal, Julian Pruggmayer, told FTAdviser.
John Cowan, interim CEO of Sesame Bankhall has given his views on Consumer Duty to Money Marketing. Perceptive as ever I would say. To quote: “As for me, I have never doubted the regulator’s determination to move the end customer’s experience up a level or the seriousness with which it would pursue non-compliance.
“Consumer Duty is the Financial Conduct Authority’s way of forcing us to walk in our customer’s shoes. How was my experience? Am I getting fair value? Do I understand what services I’m getting? All perfectly reasonable questions.”
There’s a neat story in Financial Planning. The Information Commissioner’s Office, the data regulator, has fined marketing firm MCP Online Ltd (MCP) £55,000 for making nearly 21,000 unsolicited calls about pensions to consumers.
Between 1 January and 28 September 2022, MCP, of Wenlock Road, north London, made 20,939 unwanted direct marketing calls to people who were registered with the Telephone Preference Service (TPS), the ICO said.
Advisers may ask whether the fine is big enough.