FCA faces challenge to progress advice beyond RDR
Following the regulator’s attempt to align the interests of financial advice providers and consumers, we ask what has changed, what has not, and what advisers need to do.
Lloyds boosts FTSE as profits hit 10-year high
Lloyds leaps to top of FTSE 100 after reporting highest profits since financial crisis and underlining income credentials with dividend hike.
Bank of England: we won't predict next financial crisis
The Bank of England will not be able to forecast the next financial crisis, a member of the Monetary Policy Committee has told MPs.
Fined network boss defends approach to regulator
Ex-network boss Charlie Palmer, appealing his fine from the FCA, said he knew how to run a business better than the regulator.
Lloyds profits increase 158% as PPI claims subside
Lloyds Banking Group has reported a 158% increase in annual pre-tax profits to £4.2 billion due to lower payment protection insurance provisions.
Overnight Markets: Wal-Mart lifts Wall Street to fresh record high
Home Depot also added 1.4% after the home improvement retailer reported higher-than-expected quarterly profit and sales.
Wednesday Papers: Job losses ruled out by Peugeot
And Philip Hammond warns ‘no pot of money’ for extra Budget funds, refuses to spend £27 billion set aside for Brexit uncertainty.
FCA apologises for complaint handling failings
The Financial Conduct Authority has been told to make a public apology and pay compensation for failings in dealing with a complaint.
Trump losing battle with US advisers on RDR-style reforms
Advice firms are quick to claim they make client needs their top priority, but their practices often say otherwise, especially large firms, which have to juggle numerous parties’ interests.
Gov't Brexit plans would fail FCA's TCF test, says Altmann
Former pensions minister Ros Altmann said the government's Brexit white paper was full of 'hype and hope' and would fail a test set by the regulator for selling any financial product or service.
A wizard idea: Michael Gambon voices Aberdeen's bond movies
Actor Michael Gambon, best known recently for his role as the wizard headmaster Dumbledore, has lent his skills to a series of films by Aberdeen Asset Management, on fixed income.
Winning ways: Acumen Financial Planning
David Gow and Keith Mackie from Acumen Financial Planning, which won the New Model Adviser® award for Scotland, explain how they work with clients.
Adviser Profile: Russell Davidson of Davidson Asset Management
Russell Davidson has made Glasgow-based Davidson Asset Management (DAM) a frontrunner in providing employer pension schemes to the hospitality sector