The Financial Conduct Authority (FCA) has not rejected a single new scheme authorisation application over the past five years, despite recent castigation of fund houses by head of asset management supervision Nick Miller reports Professional Adviser.
Delegates at the Corporate Adviser summit hear a warning that £2tillion is sitting in climate warming pensions.
The Financial Ombudsman Service (FOS) has published a quickfire consultation aiming to help it work through pandemic-driven complaints.
The FOS will publish its next steps and implement its plans by 1 November.
The very brief consultation explores a range of initiatives including engaging with businesses differently to move complaints along more quickly. It also suggests initiatives to free up investigators’ time, such as routing calls through other teams.
An Opinium survey of advisers sees them suggesting younger clients are likely to drive sustainable investing. Not surprising but useful to know.
The report – ‘Power of Advice’ – reveals younger family members (42%), societal pressures (47%), and media commentary (53%) were the top influences on clients considering sustainable investing.
Former Lions and Scotland rugby player turned advice firm chairman, Gavin Hastings, has plans for his firm Hastings Investment Management to expand across Scotland, targeting those that currently do not use advice currently.
The firm suggests digitalisation will allow it to reach many people with smaller pots and quite complex advice needs.
A lot of jostling for position in the world of professional bodies.
CISI head of financial planning Sally Plant tells NMA the trade body will hold its chartered members to higher standards than its rivals do.