The FCA, finally, is putting on its big boots in an effort to intervene much sooner when it spots the regulatory bad boys trying to rip off savers. It has taken a small but significant step this week to cut red tape and giving senior managers more powers to make decision making quicker. The watchdog […]
Archives for November 2021
FCA removes permissions from wealth firm
The FCA has barred IFA firm Frensham Wealth of Surrey from carrying out any regulated activities following the conviction of director Jon Frensham (formerly known as Jonathan James Hunt) for a child sex offence. The FCA says it has acted because it believes the firm poses a risk to consumers. Mr Frensham, an independent […]
RBC, LPL, Stifel, plus trends with affluent investors and an advisor who leaves RBC only to come back 3 months later
Duo banned for £800,000 ‘ethical’ bond scam
Two men behind an Essex firm which took £800,000 from investors who thought they were investing in an ethical ‘water’ bond have been banned as directors for 11 years. Michael Lee Livesey, 41, and Ross Perry, 41, both from Basildon , were directors of Global Water Group Ltd, a firm which claimed to sell ethically-based, […]
An intro to crypto exchanges, custodians and brokers
Why Smart Business Owners Never Stops Marketing
One classic mistake business owners make when money gets tight is to stop marketing or cut their marketing budget. At first glance, it seems logical to cut down your expenses during tough economic conditions. However, in reality, it’s the opposite of what you should do. Learn the strategies in marketing now. When your business is […]
Green energy stocks crashed, but they are staging a comeback
IWP acquires £260m Southport Chartered Planning firm
Rapidly expanding Financial Planning-focused advisory group Independent Wealth Partners (IWP) has acquired Southport-based Chartered Financial Planning firm Premier Wealth Management. It is IWP’s third acquisition this month. The deal brings IWP approximately £260m in assets under management Premier specialises in retirement and investment advice for high net worth clients. The firm has four advisers, two […]
FCA proposes default investment option for all pensions
The Financial Conduct Authority has proposed that firms offer a default investment option to non-workplace pension clients. Workplace pension schemes, such as auto-enrolment plans, already have to offer a default fund but non-workplace pensions do not. Canada Life estimate the non-workplace market to be worth around £470bn covering 13m accounts. The new proposals could apply […]
How to get your retail business ready for Christmas
After a strange year, full of lockdowns, downturns and business turmoil, there’s finally a few Christmas lights twinkling at the end of the tunnel. Many Australian small businesses will be banking on a bountiful holiday season to fill the till and begin bouncing back. In fact, it may be critical to survival. This means that […]