News

The FSA today said individuals making personal recommendations to retail clients via a simplified advice process must be qualified to the same minimum standard as those providing full advice.

TWIN PEAKS

Historical success convincing consumers that advice is free could push many advisers out of the industry post-RDR, according to a Barclays director.

Adviser and wealth manager Ashcourt Rowan is developing its own in-house platform, due to be rolled out later this year.

Guernsey hosts fund forum and Jersey Trust Company celebrates 25th anniversary.

RSM Tenon has made six new senior appointments in a second significant shake-up since the key resignations of the CEO and chairman earlier this year.

Advisers will develop their own ‘virtual' platforms to avoid losing margins along the distribution chain to life companies and other parties, Prudential UK's Barry O'Dwyer has predicted.

The Financial Services Authority (FSA) has publicly censured Cattles and its subsidiary Welcome Financial Services for publishing misleading information to investors about the credit quality of the latter's loan book.

Former Honister Capital strategy director Alan Easter has founded a financial planning and fund management businesses.

Sanlam Global Investment Solutions is launching an offshore bond designed to protect against volatile equity and bond markets.