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News

Your profession

IFP swamped with paraplanner award applications

The Institute of Financial Planning (IFP) has been swamped with applications for this year's Paraplanner of the Year award.

clock 09 August 2013 •

Regulation

FSCS begins compensating Fyshe Horton Finney clients

The Financial Services Compensation Scheme (FSCS) has begun paying redress to clients of stockbroker Fyshe Horton Finney (FHF), which entered special administration earlier this year.

clock 09 August 2013 •

Economics / Markets

JPM may 'admit wrongdoing' in London Whale settlement

J.P. Morgan may admit wrongful conduct over its $6bn 'London Whale' trading loss as it nears a settlement with US and UK authorities, according to reports.

clock 09 August 2013 •

Regulation

IFP doubles qualifications income to post £60k surplus

The Institute of Financial Planning (IFP) recorded a pre-tax surplus of more than £60,000 in 2012, thanks in part to a £22,000 profit achieved by FPSB UK, its qualifications awarding body launched at the beginning of last year.

clock 09 August 2013 •

Regulation

HMRC adds ten tax fugitives to 'most wanted' list

HM Revenue & Customs (HMRC) has added a further ten alleged tax dodgers to its ‘most wanted' list, as the department faced criticism for so far apprehending only one of 20 original fugitives.

clock 09 August 2013 •

Investment

Fewer than one in ten workers opt out of AE

Opt-out rates averaged around 9% in the first six months of auto-enrolment (AE), the Department for Work and Pensions (DWP) has confirmed.

clock 08 August 2013 •

Wrap/platforms

Aviva and Zurich pick Origo for auto re-reg

Aviva and Zurich have both selected eCommerce standards and services body Origo to provide their automatic re-registration services.

clock 08 August 2013 •

Regulation

FCA fines compliance officer and broker a combined £116k

The Financial Conduct Authority (FCA) has fined David Davis, senior partner and compliance officer of Paul E Schweder Miller & Co, £70,258, and Vandana Parikh, a broker at the same firm, £45,673, for failing to act with due skill, care and diligence in...

clock 08 August 2013 •

Regulation

Law Society urges government to rethink LLP proposals

The Law Society has urged the government to halt its proposed reform of the tax law that governs limited liability partnerships (LLP), a structure commonly used by advisory businesses.

clock 08 August 2013 •

Investment

Old Mutual delays Select range for model portfolio launch

Old Mutual Wealth (OMW) has delayed the launch of its Select fund range while it readies a managed portfolio service set to put it head-to-head with some of the UK's largest discretionary fund managers (DFMs).

clock 08 August 2013 •
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