Mass HNWI exodus underway, warns JLHO
Wholesale exemption would ‘adversely affect the Duty’s objectives’
Prospective clients using AI tools to find financial advisers
According to Defaqto Engage
Bank accused of missing basic due diligence checks as £34m was deposited into WealthTek client account
To help consumers make better financial decisions
Regulator asked to report on how well rules are working
Charging structure overhaul ‘proves’ otherwise, he says
Reduced from six to four months for complete applications
New fee model removes early withdrawal charges and introduces tiered advice rates