News by: Jun Merrett
Markets
Caple Banks branches out into Gloucester
Bristol-based Caple Banks Wealth Management has opened an office in nearby Gloucester in a bid to grow its professional connections in the city.
Innes Miller: Get set for more retrospective regulation
Threesixty’s new recruit Innes Miller urges IFAs to heed the example of Arch Cru.
Adviser Workshop: How to draft a watertight client agreement
Dennis Hall, Iain Wishart and Paul Cleworth offer advice on how to ensure your client agreement is watertight.
AWD targets 250 advisers in time for RDR
National IFA AWD Chase de Vere is targeting having 250 advisers by the end of the year as it looks to take advantage of small firms wanting to join larger IFAs ahead of the retail distribution review.
Starkey cements legal ties with joint venture
A London-based IFA has teamed up with a nearby firm of solicitors to launch a joint venture after three years of planning and a little help from Sifa.
Royal London hit by 10% drop in life and pensions sales
Royal London has reported a 10% drop in new life and pensions business in the first three months of the year as market conditions took their toll.
Skandia reports 15% hike in platform funds despite dip in sales
The Skandia platform has reported an increase in its funds under management by 15% to £20 billion over the first three months of the year, despite a dip in its gross sales.
Ascentric's Thorman: cash rebate ban will hike cost for consumers
Ascentric chief executive Hugo Thorman has argued the Financial Services Authority’s ban on platform cash rebates will lead to increasing costs for consumers.
Sesame to increase fees as regulatory costs rise
IFA network Sesame network is set to raise its membership fees from August this year in a move it says reflects the increased cost of regulation.
Friends Life UK sales boosted by Winterthur acquisition
Friends Life has reported an increase in its UK sales to £197 million boosted by the acquisition of Winterthur Life UK in November 2011.
FSA wins order for insider dealer to repay £570k
An inside dealer has been ordered to pay £570,000 in confiscation in a case brought by the Financial Services Authority.
FSA fines insurer £3.5m for governance failings
The Financial Services Authority has fined an insurance company £3.5 million and banned its former executive chairman for serious corporate governance failings.
E&Y director Miller replaces Billingham at Threesixty
Head of business consultancy at Threesixty Phil Billingham is to leave the IFA support services provider on a full time basis and will be replaced by former Ernst & Young director Innes Miller.
Jelf Group cuts adviser numbers ahead of RDR
Jelf Group has cut adviser numbers to its financial planning arm as it repositions it in the run-up to the retail distribution review, and announced a drop to its revenue.
Provisio's Whiteley aims to break record in son’s memory
Hertfordshire-based adviser Andrew Whiteley is aiming to break a record in his fundraising efforts for a charity he set up following his son’s death from a brain tumour.
Aviva loses shareholder vote on executive pay
Life company Aviva has lost the shareholder vote on executive pay at its annual general meeting.
Skandia's Mann: We need FSA paper before unbundling
Skandia chief Peter Mann on why its revamped platform is still being kept under wraps.
Murphy gets connected with Glasgow office
Ayrshire-based Murphy Financial has opened an office in Glasgow and is aiming to recruit paraplanners and administrators.
Novia's Vasilieff untroubled by fund supermarkets unbundling
Wrap platform Novia's chief executive Bill Vasilieff told New Model Adviser® reporter Jun Merrett why fund supermarkets will never win out against wraps, even as they begin to unveil unbundled charging models.