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Regulation

Regulation

Advisers should not pay for Pension Wise - SimplyBiz

Financial advisers should not be asked to help fund the government's retirement guidance service unless it is of demonstrable benefit to firms, the managing director of support firm SimplyBiz has said.

clock 28 May 2015 •

Wrap/platforms

Urgent and important: Preparing for the sunset clause

Preparing for the sunset clause is both urgent and important

clock 27 May 2015 •

Charging

Cost of advice: Is this meagre multiple the profit margin of the future?

Is this lowly figure the advice profit margin of the future?

clock 27 May 2015 • 5 min read

Tax Planning

Queen's Speech: Govt to freeze tax rises for five years

The Conservative government will introduce legislation ruling out increases in income tax, value added tax (VAT) and national insurance rates for the next five years, it was confirmed in the Queen's Speech, which also detailed plans for an in-out EU referendum...

clock 27 May 2015 •

Regulation

FOS scolds bank for tagging risk-averse couple as 'experienced' investors

The Financial Ombudsman Service (FOS) has criticised a high street bank for improperly classifying a risk-averse couple as ‘experienced' investors, and ordered it to re-calculate its initial offer of compensation.

clock 27 May 2015 •

Regulation

Pension transfers: Site offers 170,000 savers' details for £600

A website is offering telemarketers access to hundreds of individuals it claims are interested in transferring their pots, for a small fee.

clock 27 May 2015 •

Regulation

Stewart Ford launches £650m damages claim against FSA and PwC

Stewart Ford is seeking £650m in damages from the financial regulator and administrator PricewaterhouseCoopers (PwC) for "causing" the collapse of Keydata, the investment firm he founded and which attracted almost £500m of investors' capital.

clock 26 May 2015 •

Regulation

FCA hits Keydata's Ford with £75m fine; Former CEO to fight penalty

The Financial Conduct Authority (FCA) has indicated it plans to fine former Keydata chief executive Stewart Ford £75m and ban him from any role in financial services for failings related to the investments' sales and, ultimately, failure.

clock 26 May 2015 •

Adviser tips

Surprise surprise: Auto-enrolment is about to get personal

Auto-enrolment is about to get personal

clock 26 May 2015 •

Regulation

PFS chief warns on 'increasing danger' of unregulated activity

The danger of consumers falling into non-regulated financial advice is increasing and the government must act to increase protection for pensions freedom savers, the Personal Finance Society has said.

clock 26 May 2015 •
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