[email protected]
Weekly Updates
Our Industry Commentator with his top news links each week.
Featured
25 November 2019
Are you seized with election fever yet? Well even if you are not, it is beholden on advisers to help inform their clients about threats and opportunities if there are any.
17 November 2019
By far and away the biggest story of the weekend is for IFAs is the Sunday Times’ look at adviser charges. It suggests that among other things Investec is the most expensive with an RIY of 3.8% followed by Rathbones at 3.4%. It says Barclays Wealth, 1825 — the advice arm of Standard Life — and Smith & Williamson are joint third, with a rate of 3.2%.
11 November 2019
The FCA and TPR warn investors that they could lose 22 years of savings in 24 hours.
03 November 2019
The Sunday Times reports that depositary companies such as Northern Trust are warning fund managers to ditch risker stocks and that suspensions of more than three months will not be tolerated.
27 October 2019
Nic Cicutti, writing in Money Marketing, discusses an email from an investor in which his correspondent suggests that fees from financial advisers are simply too high or in other words around 3% or £10,500 upfront and then an ongoing annual charge of 1.1 per cent from inquiries made.
20 October 2019
The new chief executive of Tenet Mark Scanlon, currently dealing with the fallout of the move to a new back office system, admits he doesn’t have a financial adviser. Not sure if, in the midst of explaining the problems, this was entirely wise. The story and viewpoint about the migration is interesting.
13 October 2019
The board of Patient Capital is still considering sacking Neil Woodford but hasn’t consulted shareholders according to reports in the Telegraph. It would be quite a significant blow to Woodford Investment Management.
06 October 2019
WASPI and Back to 60 campaigners lose their High court judicial review challenge to the government’s increase in the retirement age for women. No reversal and no compensation at least from the legal route.
29 September 2019
Hundreds of thousands of British expats who retired in other EU countries will receive letters from the government to say their state pensions will still increase in the event of a no-deal Brexit – but only for three years as Money Marketing reports.
22 September 2019
Hargreaves Lansdown founder Peter Hargreaves attacks Neil Woodford in an interview with the Sunday Times.
15 September 2019
SJP is in the eye of the storm and facing what feels like an unprecedented challenge to its business model.
08 September 2019
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.
01 September 2019
Overseas UK pensioners in the EU have raised concerns that the Government has only guaranteed indexation of their state pension for the next three years as Corporate Adviser reports. It is required to index pensions under EU single market legislation.
25 August 2019
IFAs would, no doubt, have concerns about the general reputation of financial services from the problems facing mini-bond providers. Yet it is the fact that we know the FCA and FSCS may aim to provide compensation and make the regulated market pay for it – that may be of greater concern.
16 August 2019
There has been a lot of talk recently about how FNZ is coming to dominate the platform space. Perhaps the following news will make things a little better?
10 August 2019
It's been an interesting few weeks with the FCA proposing a ban on contingent charging at the end of July with reports across the national newspapers including the Guardian.
Please leave the above box empty.
Find out more about our weekly bulletins here. You can unsubscribe from our communications at any time.
We’ll only use your data in compliance with GDPR. Our full policy can be found here.
