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Regulation

Economics / Markets

Carney ties rate rise to recovery of UK businesses

Britain must see a business recovery before interest rates can begin to rise, according to Mark Carney, the Governor of the Bank of England.

clock 17 February 2014 •

RDR

Appeals court rules FOS compensation is final

Claimants can not accept a compensation ruling from the Financial Ombudsman Service (FOS) and later claim for more in the courts, a landmark Court of Appeal ruling has decided.

clock 14 February 2014 •

Regulation

Advisers urged to address latent demand for advice

There is an increasing need to educate the public on the value of face-to-face professional financial advice, according to the Chartered Insurance Institute (CII).

clock 14 February 2014 •

Regulation

Rayner Spencer Mills Research launches CPD tool

Rayner Spencer Mills Research (RSMR) has launched a new continuing professional development (CPD) tool for advisers.

clock 13 February 2014 •

Regulation

FCA fines insurance intermediary £30m for catalogue of errors

The Financial Conduct Authority (FCA) has fined insurance intermediary HomeServe Membership Limited (HML) £30.6m for breaching a series of principles including incentivising sales over quality .

clock 13 February 2014 •

Wrap/platforms

Clean pricing shows no margin pressure for fund managers

Unbundled pricing now visible on Fidelity's 'Select List' service suggests asset managers have avoided a squeeze on margins, with just four of 66 active equity funds priced at below 75bps.

clock 12 February 2014 •

Regulation

Former SJP partner launches IFA firm RockWealth

Former St James's Place (SJP) adviser Tim Horrocks has revealed plans to launch an advisory firm later this month called RockWealth.

clock 12 February 2014 •

Regulation

Aviva axes life broker hospitality after FCA inducement guidelines

Aviva has withdrawn its corporate hospitality events for its life distributors following the release of the Financial Conduct Authority's (FCA) final guidance on inducements and conflicts of interests.

clock 11 February 2014 •

Income

Fidelity completes Annuity Direct buy out deal

Annuity Direct is now under the ownership of Fidelity Worldwide Investment after the deal to buy the retirement specialist was approved by financial regulators.

clock 11 February 2014 •

Your profession

Purchasers of IFA businesses are going for a land grab - consultant

Purchasers of IFA businesses are taking advantage of a "once in a lifetime land grab" as the impact of increased regulation pushes traditional advisers out the industry, according to a consultancy firm.

clock 11 February 2014 •
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