The PI thorn in the side of DB pension transfer firms
Professional indemnity (PI) insurers are doing more than the Financial Conduct Authority to make the lives of IFAs providing defined benefit (DB) pension transfer advice difficult.
Pimfa: We need mutual recognition over equivalence post Brexit
The UK investment management industry needs to access the European Union via mutual recognition, not equivalence, after Brexit, argues Personal Investment Management and Financial Advice Association policy adviser Alex Merriman.
Industry in limbo as HMRC appeals £15m Hargreaves tax win
HMRC’s decision to appeal a £15m tax ruling in favour of Hargreaves Lansdown leaves the investment industry in limbo over discount mechanisms on funds.
Brewin breaks with DFMs to defend ‘agent as client’
Brewin Dolphin is one of the few discretionary fund managers to put its head above the parapet and defend its use of the agent as client relationship with advisers, which has recently come under fire.
Ex-SJP trainee adviser banned for faking qualifications
The FCA has slapped a fine and prohibition order on a former St James’s Place trainee financial adviser who repeatedly lied and faked a document in a bid to advise retail investors without gaining the necessary qualifications.