The "flabbergasted" boss of a national IFA has revealed the business received an unexpected 200,000% increase in a fee payment from a provider following an accounting gaffe.
Friends Life paid 2plan Wealth Management £10m last month when it owed the firm about £5,000 in 'normal fee income'. When 2plan raised the accounting error with Friends Life, it appeared the provider...
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
'Larger than life figure'
Conned £4.5m from clients
'People feel thankful'
Global markets have seen heightened volatility during the coronavirus crisis and, here, Brendan McCurdy assesses the performance of more traditional 'safe haven' asset classes...