Independent financial advisers are more likely to GAIN from depolarisation, as the latest Datamonitor report now suggests banks will struggle to gain market share of business from IFAs.
Berkeley Jacobs, part of the 80m euro Dublin-listed IFG Group, has been hit with a £175,000 regulatory fine for misleading advertising and failures in the advice it gave clients releasing cash early from their pensions.
Destini Financial Services Group has bought the client base and trail commission of David Aaron Partnership, which went into receivership under KPMG late last year.