Merrill, Pershing made whole by FINRA after hedge fund client’s short-selling snafu
Editor’s Comment: An unfair State Pension
Fairness in pensions is very important, particularly when it comes to the State Pension. It is sadly, increasingly missing from Government pension policy. Work and Pensions Secretary Mel Stride MP missed an opportunity to properly address State Pension fairness – the fairness between rich and poor pensioners – this week when when he announced […]
FCA commits to delayed SDR review
The FCA has pushed back plans to provide a new regime for Sustainability Disclosure Requirements (SDR) and investment labels. The regulator is considering tightening the rules on SDR requirements and investment labels which could see much tougher restrictions on the use of labels such as ESG. The aim is to avoid the abuse of sustainability rules and to […]
FOS to freeze case fee at £750
The Financial Ombudsman Service is to freeze its individual case fee at £750 for a third year as its strives to reduce the financial strain of its services on regulated firms. The FOS will also allow consumers to “self-serve” complaints through a digital portal to cut down on administration and help deal with a backlog […]
State Pension Age rise to 68 to be reviewed
Work and Pensions Secretary Mel Stride told MPs in the Commons today that the rise in the State Pension Age to 68 will be put on hold. Mr Stride confirmed, however, that a planned rise in the State Pension Age to 67 between 2026 and 2028 will go ahead. There will be a review of […]
Clients bolting First Republic test wealth advisors’ staying power
From managing tenants to managing wealth: Helping clients ‘retire’ from active to passive real estate investing
Nexus sold for £500,000 after FCA restricts firm
Nexus Independent Financial Advisors Limited and Nexus Investment Managers Limited have been sold for a total of £500,000 following restrictions placed on the firm’s activities by the FCA. The FCA stepped in earlier this year after concerns about client money irregularities at the Fareham, Hants, firm totalling £2m. Nexus fell into administration following the FCA […]