Entrepreneur Ivan Massow's controversial trail rebate firm has gone out of business because "it made a loss every time" it paid commission back to a customer.
Massow's Commission Cleanser, or Paymemy.com, was set up in September 2011 with the claim that it could help advisers' clients reduce the future trail commission they are due to pay for advice that they...
PFS renews its warning to industry
One-quarter of financial advisers have seen a pay rise greater than 10% after adopting the use of a discretionary fund manager (DFM), research for Rathbones undertaken by CoreData has suggested.
There are 1,840 asset management firms with £8trn AUM
RDR brought sweeping changes to adviser charging
New 'fee' feature
Completes legal process
Scepticism towards companies' commitments
GDP falls 2.6% in November
Financial wellbeing junkies