Savvy IFAs looking to offload their businesses in the New Year are building up their profits to entice buyers rather than relying on selling on a recurring trail basis, according to a consultancy that deals in adviser merger and acquisitions.
The survival of commission and lax regulation are fuelling a "significant shift" to non-advice in the mass market for annuities, at the expense of professional advice, transparency and healthy consumer outcomes, according to the Financial Services Consumer...
Axa Wealth's multi-manager arm Architas has appointed former UBS GAM sales director James Bampton as head of intermediary sales.
National Savings & Investments (NS&I) is reducing the interest rate on its Direct ISA by 0.25% to 1.5% from 27 February next year.
MPs have refused to grant the regulator the power to ban individuals before its investigations into them are completed, due in part to the "serious harm" it could cause small firms.
The financial services industry needs a simplified regime within which it can "talk the consumer language", in order to attract people shut out by the retreat of bank advice, BlackRock has suggested.
Aviva chairman John McFarlane is to take up the same role at transport business First Group, Sky News reports, however Aviva have said he is not leaving the insurer.