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Regulation

Regulation

Half of advisers label FOS 'unfair'

Almost half of advisers believe the Financial Ombudsman Service (FOS) is unfair when adjudicating on advice cases, research suggests.

clock 17 August 2015 • 2 min read

Investment

Three things clients may call you about this week...

Here is our weekly heads-up on the stories that may have caught your clients' attention over the weekend...

clock 17 August 2015 • 1 min read

Regulation

FOS upholds Sesame £21k annuity complaint but sides with firm

The Financial Ombudsman Service (FOS) has upheld a complaint against Sesame about unsuitable annuity advice, but refused to side with the complainant about the redress due.

clock 14 August 2015 •

Regulation

MAS launches £400k project to help parents teach kids budgeting skills

The Money Advice Service (MAS) has linked with the Big Lottery Fund in Wales to launch a £400,000 pilot scheme designed to help parents teach their kids about money.

clock 13 August 2015 •

Regulation

Concern as IFP confirms 'easy' route to Chartered with CISI merger

Advisers have expressed concerns over plans to permit Certified Financial Planners to add the Chartered Wealth Manager designation by taking an online ethics exam, should a proposed merger between the Institute of Financial Planning (IFP) and Chartered...

clock 11 August 2015 •

Regulation

FCA will not demand advisers tape client meetings

The Financial Conduct Authority (FCA) has decided Europe-wide rules on recording client consultations do not require UK financial advisers to tape face-to-face meetings to prove they are acting in clients' best interests.

clock 11 August 2015 •

Regulation

Beware 'tremendous herding', Rathbone's Mike Webb warns advisers

Rathbone Unit Trust Management chief executive Mike Webb has urged advisers to consider the sustainability of fund performance when doing their due diligence, as he warned there is "still too much herding" going on in the market.

clock 11 August 2015 •

Regulation

Regulators censure Co-op Bank for hiding capital position

The City's two watchdog's the Financial Conduct Authority (FCA) and the Prudential Regulatory Authority (PRA) have publicly censured the Co-operative Bank failings including hiding the truth about its capital position.

clock 11 August 2015 •

RDR

Wealth Horizon CEO: Robo-advice will push out generalist advisers

Generalist advisers will be put under pressure by cheap automated alternatives as consumers increasingly question the value of advice, online adviser Wealth Horizon has said.

clock 10 August 2015 •

Investment

Three things clients may call you about this week...

Our weekly heads-up on the stories that may have caught your clients' attention over the weekend...

clock 10 August 2015 •
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