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Latest News - Jack Gilbert

Mattioli Woods chief operating officer exits after 19 years

The wealth manager is now looking for a new compliance director to replace Mark Smith

FCA in ‘radical’ clampdown on banks’ £2.4bn overdraft fees

The FCA has announced a ‘radical’ clampdown on overdraft charges, which banks made £2.4 billion from in 2017 alone.

London DFM agrees with FCA to stop all regulated activity

In another development, two Organic-managed funds with more than £40 million worth of assets have been suspended.

Robo-adviser teams up with price comparison site for new app

Digital advice firm OpenMoney has teamed up with price comparison site to offer clients recommendations on household bills.

Prime Minister May to face no-confidence vote tonight

Conservative rebels have triggered the required votes for a no-confidence vote in Prime Minister Theresa May.

Invesco abandons deal with D2C platform tech provider

Asset management giant Invesco has pulled an agreement with Dutch direct-to-consumer (D2C) platform technology provider Ohpen.

M&G Prudential to cut charges on three fund ranges after passive switch

In a move that could herald a shift in strategy to passive, M&G Prudential will overhaul three fund ranges next year with names, charges and objectives changed.

Quilter adds to regions with three IFA buys

National advice firm Quilter Private Client Advisers has announced a trio of acquisitions, taking its total firms bought this year to 11.

AJ Bell to be valued at £675m as IPO price revealed

Wrap platform AJ Bell has unveiled its IPO price range, which will give it a valuation of between £626 million and £675 million.

FCA urged to expand platform exit fee clampdown

The Financial Conduct Authority (FCA) has come under pressure to widen its possible ban on platform exit fees to include older-style pension products.

FSCS hit with 1,400 Beaufort Securities mis-selling claims

The FSCS has received 1,400 mis-selling claims over collapsed stockbroker and discretionary fund manager (DFM) Beaufort Securities.