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News

Wrap/platforms

FCA concedes to platforms over marketing payments

The Financial Conduct Authority (FCA) is to allow platforms to receive payments from fund managers in relation to advertising products.

clock 26 April 2013 •

Wrap/platforms

FCA to permit unit rebates

The Financial Conduct Authority (FCA) is to permit rebates from fund managers to platforms in cash, provided they are passed on to consumers in full in the form of additional units.

clock 26 April 2013 •

Wrap/platforms

FCA consults on reading across platform rules to SIPPs

The Financial Conduct Authority (FCA) is to consult on reading across its rules on platforms to adjacent markets, such as the self-invested personal pension (SIPP) arena.

clock 26 April 2013 •

Wrap/platforms

FCA allows £1 de minimis cash rebates

The Financial Conduct Authority is to allow nominal ‘de minimis' cash rebates of £1 or less, despite outlawing the payments in all but name.

clock 26 April 2013 •

Wrap/platforms

FCA sets legacy rebate ban deadline at Apr 2016

Platforms must fully comply with the Financial Conduct Authority's (FCA's) ban on cash rebates from product providers to platforms by 6 April 2014, the regulator has stated.

clock 26 April 2013 •

Pensions

Hornbuckle Mitchell to shut Cheshire office

Self-invested personal pension (SIPP) operator Hornbuckle Mitchell is to close its regional office in Holmes Chapel, Cheshire.

clock 25 April 2013 •

Investment

Can Google predict the stock market?

An analysis of changes in Google query volume for search terms related to finance reveals patterns that could be interpreted as early-warning signs of stock market moves.

clock 25 April 2013 •

RDR

SJP recruits bank advisers following market 'disturbance'

Restricted adviser St James's Place is set to capitalise on a number of high-profile exits from the advice market by high-street banks.

clock 25 April 2013 •

RDR

Number of Chartered firms tops 500 after pre-RDR surge

The number of Chartered financial planning firms has increased by almost a quarter in the last 12 months, according to figures published by the Personal Finance Society (PFS).

clock 25 April 2013 •

Investment

Hargreaves plans to cut Wealth 150 list to 30 funds

Hargreaves Lansdown is planning to cut its Wealth 150 list down to as few as 30 funds as it looks to adapt to the new pricing world post-Retail Distribution Review (RDR).

clock 25 April 2013 •
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