Three-quarters advisers changed processes post-Woodford
Three-quarters of advisers have changed their investment process behaviors as a result of the collapse of Woodford Investment Management. Almost 6 in 10 of advisers surveyed had at some point recommended clients invest in the Woodford Equity Income fund. Of these, 84% had clients who were impacted by the fund’s suspension in June 2019. The […]
Three-quarters advisers changed processes post-Woodford
Three-quarters of advisers have changed their investment process behaviors as a result of the collapse of Woodford Investment Management. Almost 6 in 10 of advisers surveyed had at some point recommended clients invest in the Woodford Equity Income fund. Of these, 84% had clients who were impacted by the fund’s suspension in June 2019. The […]
FSCS declares 12 firms in default
The Financial Services Compensation Scheme has declared 12 firms in default, including a number of financial advisers and wealth managers. The move opens the door to investors to claim compensation from the FSCS. The firms were declared in default in August and September. Among the firms declared in default in the latest batch of defaults […]
FSCS declares 12 firms in default
The Financial Services Compensation Scheme has declared 12 firms in default, including a number of financial advisers and wealth managers. The move opens the door to investors to claim compensation from the FSCS. The firms were declared in default in August and September. Among the firms declared in default in the latest batch of defaults […]
Wells Fargo hit with another case and more exits by international advisors
Raymond James, LPL Financial, Stifel, plus royal funding, domestic partner certification and more
FCA bans “reckless” pension transfer adviser
The FCA has banned financial adviser Omar Hussein and fined him £116,000 for “reckless and unsuitable” pension transfer advice. Mr Hussain was a former director and senior financial adviser at pension switching firm Consumer Wealth Ltd (CWL). Mr Hussein has been banned from financial services indefinitely and fined for putting at risk an estimated £13.5m […]
PFS board criticises parent CII as review begins
The Personal Finance Society board has voiced criticism of its parent body, the Chartered Insurance Institute, as a review of both bodies’ future strategies gets under way. The two organisations have been at loggerheads over CII plans to ‘deregister’ the PFS as a separate company to bring the two bodies closer together, streamline decision making […]
PFS board criticises parent CII as review begins
The Personal Finance Society board has voiced criticism of its parent body, the Chartered Insurance Institute, as a review of both bodies’ future strategies gets under way. The two organisations have been at loggerheads over CII plans to ‘deregister’ the PFS as a separate company to bring the two bodies closer together, streamline decision making […]