LECB has agreed to stop DB transfer advice after discussions with the regulator as Corporate Adviser reports. There is so much to debate about this story, but the immediate reaction was that this is a very professional firm offering relatively cheap advice. If it can’t offer compliant transfer advice maybe no firm can.
The Chartered Insurance Institute has hooked up with St James’s Place to create a bespoke advice qualification for dealing with vulnerable clients. Some independent advisers on social media are sceptical and suggest this is mere PR branding.
Regulation lawyer Simon Collins discusses the planned changes to capital adequacy including new requirements for winding up firms suggesting that some of these proposals may have been missed over the summer.
There is a lot of media speculation about Neil Woodford’s Patient Capital Trust with reports about negotiations with its lenders. If there is a book about the last two years, it will certainly make interesting reading.
Mr Woodford has offloaded a reported billion pounds worth of investments including a stake in in biotech stock for £59 million.
Charles Stanley has merged its Dorchester and Bournemouth offices to create a super Southern office.
The investment industry mulls the fiscal stimulus of as much as £13bn offered by the Chancellor of the Exchequer Sajid Javid – while mostly welcoming the decisions. Will he be in place to implement these decisions?