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News

Wrap/platforms

FCA tells platforms: do not wait until 2016 to convert legacy book

The Financial Conduct Authority (FCA) has cautioned platforms against maximising legacy commission by waiting until the April 2016 deadline.

clock 26 April 2013 •

Wrap/platforms

Cofunds predicts 'short term pain' following legacy ban

The Financial Conduct Authority's decision to ban rebates on legacy business from April 2016 is set to be a painful one for the industry, according to Cofunds.

clock 26 April 2013 •

Income

RP Poll: Conventional annuities

In this week's quick fire annuity-themed poll we ask: Do you think ‘Middle Britain' retirees are ill-served by conventional annuities?

clock 26 April 2013 •

Investment

Govt bank share sale chief O'Neil quits UKIF

The man tasked with selling off the government's stake in Royal Bank of Scotland (RBS) and Lloyds Banking Group (Lloyds) has quit.

clock 26 April 2013 •

Investment

Aviva scraps direct advice arm as part of restructure

Aviva is to stop offering direct investment and protection advice for its customers from 31 May.

clock 26 April 2013 •

Tax Planning

'Big four' accountancy firms too cosy with government, says MPs

MPs have called for a ban on external accountants working in government to prevent them passing on knowledge of tax loopholes to benefit clients.

clock 26 April 2013 •

Regulation

FOS appoints new independent assessor to probe complaints

The board of the Financial Ombudsman Service has appointed Amerdeep Somal as the new independent assessor for the service.

clock 26 April 2013 •

Wrap/platforms

Revealed: the FSA typo that excluded execution-only platforms

The Financial Conduct Authority (FCA) has confirmed execution-only platforms will be caught up by its cash rebate ban and has blamed a 'typographical error' for earlier confusion.

clock 26 April 2013 •

Your profession

Pru poaches Standard Life's Hunt for UK CEO role

Prudential has poached Jackie Hunt from Standard Life to give her the role of chief executive for its UK and European business.

clock 26 April 2013 •

Wrap/platforms

FCA ban may scupper Axa Wealth 'loyalty deal'

The Financial Conduct Authority is to ban firms with platform and fund management arms effectively giving away platform services for free, in return for investment into its in-house funds.

clock 26 April 2013 •
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