09 Feb Tenet Group Reports £290,000 Loss
Tenet Group has reported a £290,000 loss after restructuring costs mounted up on the business as they look to adapt and be ready for the upcoming implementation of the retail distribution review....
09 Feb Advisers Told to Charge VAT to Clients if They Offer a Outsourced DFM Service
Financial Advisers have been told that they will be forced to start charging their clients VAT if they offer them an outsourced discretionary fund management (DFM) service, under new rules drafted by HMRC....
02 Feb Financial Advisers May Have to Foot Rockingham Bill
Financial advisers have been advised that they may end up having to foot the bill for Rockingham Retirement if the company is forced to wind up. Another Financial Services Compensation Scheme (FSCS) may be put into place according to New Model Adviser, which claims that...
02 Feb Former Cofunds Platform Boss Returns to Financial Services
The former Cofunds and Skandia platform boss, Brett Williams, has announced that he will be making his return to the financial services industry as part of a private equity firm....
02 Feb FSA Comes Under Fire for Failing to Clarify Position on Legacy Commission Rules
Providers have criticised the FSA over their handling of legacy commission rules, claiming that the advisor needs to come out with a clearer definition of where they stand on the issue, as currently there are a number of different interpretations of their rules....
26 Jan Perspective Raises £3.5 million for Future Acquisitions
The IFA consolidator Perspective has announced that it has managed to raise £3.5 million worth of funding, which it intended to invest in further acquisitions throughout the course of 2012....
26 Jan Hargreaves Lansdown Announce Jump in Assets and Profits
Hargreaves Lansdown has allayed fears that the upcoming implementation of the RDR will negatively affect them by announcing that they have experienced a jump in assets under administration and full year profit....
26 Jan Which? Investigation Claims Banks Mislead Savers with Risky Advice
A recent undercover investigation by Which? has apparently revealed that the majority of financial advisers in banks and building societies are providing bad information to the clients, leading to them making risky moves that would not otherwise be required....
19 Jan IMA Calls for FSA to Ban Legacy Commission on Fund Switches Inside Packaged Products
The Investment Management Association (IMA) is calling on the FSA to place an outright ban on legacy commissions for fund switches inside packaged products that would start from next year....
19 Jan IFA Centre Managing Director Claims Advisers Need Trade Body
IFA Centre managing director Gill Card has claimed that setting up a trade body should be an important step for independent advisers, especially as the industry in general begins to gear up for the implementation of RDR....