The first set of graduate trainees at advice network The Openwork Partnership have moved into advice roles after completing their professional exams. The graduate scheme was launched in January 2021. The 14 graduates are either working as wealth advisers or in head office roles. They spent the last year gaining industry qualifications as well as […]
Archives for June 2022
Citi must pay $1.4M to financial advisor who called it a ‘boys club’
5 ways ‘SECURE 2.0’ legislation could change retirement savings
Inside Atlantic Union’s decision to sell its profitable RIA unit
Weekend Reading For Financial Planners (June 25-26)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that the Senate has passed companion bills to the House’s “SECURE 2.0” proposals that would represent the most noteworthy changes to retirement savings since the original SECURE Act was passed in 2019. While changes could be […]
Editor’s Comment: Women need a fairer deal
There is no doubt that the Treasury-backed Women in Finance Charter campaign has been a powerful engine of change when it comes to giving women better representation in senior management roles in financial services. Six years after the campaign was launched, 1m people now work in the record 400+ financial services firms which have signed […]
Editor’s Comment: Women need a fairer deal
There is no doubt that the Treasury-backed Women in Finance Charter campaign has been a powerful engine of change when it comes to giving women better representation in senior management roles in financial services. Six years after the campaign was launched, 1m people now work in the record 400+ financial services firms which have signed […]
FSCS investigates firm over failure to pay FOS awards
The Financial Services Compensation scheme is investigating Wellington Court Financial Services Ltd over the transfer of client pensions into a SIPP. The FSCS says it will also now consider customers’ claims against Wellington Court. Wellington Court was incorporated in Ireland and passported into the UK under the Insurance Distribution Directive. It had an office in […]
FCA halts business at IFA firm over ‘fee’ concerns
The FCA has stepped in to halt regulated business at a Staffordshire IFA firm allegedly taking unauthorised fees totalling over £250,000 from clients, some elderly and vulnerable. The regulator today placed a package of restrictions on the Tamworth firm, Colbourne & Company. The restrictions stop the firm carrying out any regulated activities due to […]
TPR warns trustees: Get ready for dashboards
The Pensions Regulator (TPR) has warned pension trustees that they need to prepare now for the arrival of Pensions Dashboards amid signs few are ready. The largest schemes are expected to connect to the pilot dashboards system from June next year and TPR is to write to them to alert them to their connection deadline […]