It's Professional Adviser's weekly heads-up on events, hires and other useful bits for financial advisers…
An Inspirational Thought...
Experience is the child of thought, and thought is the child of action.
In Case You Missed It...
SIPPs have done it again. Following what the Financial Services Compensation Scheme (FSCS) called an "unexpected" surge in claims in relation to advice on self-invested personal pensions (SIPP), the body said it was likely to have to raise an interim levy from pension advisers this year. The shortfall amounts to £28m. More...
The Financial Conduct Authority (FCA) moved to ban and fine Tailormade Independent chief executive Alistair Burns, saying he had "lacked the competence" to ensure suitable advice was given by the firm. Burns referred the decision to the Upper Tribunal, which will now determine the appropriate action for the FCA to take. The firm had been responsible for investor losses of about £112m. More...
Must-Attend Events For Advisers
From 9 to 12 January 2017, Kuber Ventures will be hosting a series of EIS/SEIS roadshows across the UK. The roadshows allow advisers and wealth managers to engage directly with nine of the investment managers that use Kuber's platform. To register, click here
Robo-adviser Moneyfarm has hired former PIMCO and Goldman Sachs portfolio manager Richard Flax as chief investment officer and former Vostok Finance corporate development director Paolo Savini Nicci as chief financial officer.
Close Brothers Asset Management has appointed Donovan Davey as business development directors in the North West, responsible for building new relationships with the intermediary market.
Workplace pensions provider NOW: Pensions has appointed Neil Buckley as chief operating officer and Neil Brady as director of operations. Buckley was previously head of technology and operations at Doha Bank, while Brady joins from Capita, where he was head of pension operations for the Teachers' Pension.
£1m target for Cancer Research UK
Regulator warns of risk to over-55s
Group led by Ed Dymott
Don’t pay for familiarity
Investment sector reaction