News by: Jun Merrett
(UPDATE: Adds response from FCA). Almost fifty percent of financial advisers have turned away clients following the retail distribution review as they felt their charges were too high, according to research commissioned by the Association of Professional Financial Advisers.
Sesame Bankhall chief executive George Higginson has branded quarterly client meetings 'barking mad', and urged advisers to get tough on charges.
The government is to withdraw income tax relief on share buy-backs in venture capital trusts.
The government has confirmed the personal allowance will rise to £10,500 from April 2015.
The government will introduce capital gains tax on the sale of UK residential property by non-UK residents.
Advisers can emerge as the winners in the battle over price in the retail distribution review environment, according to platform bosses.
Advisers should consider, but not be fixated with price, when choosing a platform, according to Old Mutual Wealth vice chairman Peter Mann.
Skandia investment director James Millard is set to leave following the company's decision to put Old Mutual Global Investors in charge of its WealthSelect model portfolio proposition.
Large networks such as Sesame, Intrinsic, Openwork and St James’s Place are set to win from fund managers move to super clean share classes, according to analysts at Barclays.
Standard Life has launched a ‘six minute’ online auto-enrolment service aimed at advisers with small and medium sized enterprises as clients.
Cardiff-based Penguin Wealth has launched a pensions website aimed at educating mass-market clients.
Skandia is in talks with the fund groups which make up its Wealth Select investment range over how the proposition will be priced following the Financial Conduct Authority ban on platform cross subsidisation.
Board of the cells that make up the Arch Cru funds is suing Arch and its chief executive Robin Farrell over alleged misconduct in managing the funds.