The £24m additional levy demand from the Financial Services Compensation Scheme (FSCS) is a "disgraceful injustice" on innocent firms, according to SimplyBiz Group chairman Ken Davy.
On Thursday, the FSCS issued an additional £24m levy demand due to rising number of self-invested personal pensions (SIPP) claims. The SimplyBiz chairman was unimpressed with the levy demand which will...
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PARTNER INSIGHT: For many advisers, outsourcing to a multi-manager or discretionary fund manager makes sense, allowing them to focus on the adviser-client relationship
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An added tier of asset management can of course deliver additional benefits for certain investors, writes Graham Bentley - just be sure you can justify it to the regulator and, especially, the client