Industry
Tax & Regulation | 27 Jul 15
FCA issues guidance for firms to prevent product mis-selling
Advisory firms should not “rule by fear” and put undue pressure on staff if they underperform against sales targets, the Financial Conduct Authority has said in new guidance issued on Monday.
Technology | 27 Jul 15
TISA appoints Moneycorp’s Wrest to head new tech council
The Tax Incentivised Savings Association (TISA), a trade association for the UK retail financial services industry, has appointed Bill Wrest, head of innovation at Moneycorp, to chair its newly-launched Technology Innovation Policy Council.
Hargreaves Lansdown halts pension transfer advisory work
UK investment manager Hargreaves Lansdown said it has stopped taking on new final salary pension transfer business due to the high volume of requests it has received.
Tax & Regulation | 27 Jul 15
Belvedere-owned stockbroker has two licences suspended
A Mauritius-based stockbroker owned by troubled offshore fund group Belvedere Management has had two of its licences suspended by the island’s Financial Services Commission.
M&A activity driving up IFA business value in the UK
UK independent financial advisory businesses have risen in value by around 8% this year as regulatory reform helps drive M&A activity, according to online business valuation provider BizEquity.