A new ‘low cost’ advice firm called Hundreds and Thousands has been launched by the former founder of Novia, Paul Boston, to bridge the advice gap for both advisers and consumers. The firm will charge less than 150 basis points per annum for a restricted advice service, aiming at ‘advice gap’ clients – those with […]

Only 23% of women are confident they will be able to retire comfortably with over a third (35%) expecting to be unable to enjoy a decent income in retirement. According to a major new study, fewer women than men have pensions and those who do are saving less than their male counterparts. The research of […]

The FCA confirmed some important new appointments this week which suggest that it will be trying to take a tougher line with enforcement in future. With every sign that financial scams and financial crime are growing at an unprecedented and troubling rate, the watchdog has decided it’s time to act. It has a mountain to […]

  The consumer complaints body the Financial Ombudsman Service is to increase its maximum compensation award from £375,000 to £415,00 from 1 April. The FOS received the go ahead to raise the award limits from the FCA this week. The limit is the maximum that financial businesses can be ordered to pay when the FOS, […]

Fund manager Marlborough has launched an investment platform for financial advisers and their clients with an annual charge of 0.2%. The company says its new Select Platform will offer the latest technology, low charges and a commitment to high levels of service. The platform is being run by managing director Phil Gilder who was part […]