Kingswood lines up 12 takeovers despite losses

Wealth manager and Financial Planner Kingswood made a pre-tax loss of £3.7m in the first half of the year due mainly to the £4.1m cost of acquisitions in the period, the firm reported today.

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Former CISI Planning head launches 2 CFP prep courses

Two new courses have been launched to support Financial Planners through their CISI level 7 qualification to gain their Certified Financial Planner certification.

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Bank of England maintains historic low rate at 0.1%

The Bank of England’s Monetary Policy Committee (MPC) has held interest rates at 0.1%, and stuck to its £895bn asset purchase target, despite inflation fears.

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Two fraudsters sentenced over bitcoin scam

Two fraudsters who conned a man out of £5,000 in a bitcoin scam have been sentenced.

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Life expectancy drops for first time since 1980s

The Office for National Statistics (ONS) has reported a decline in life expectancy among men for the first time since the figures began being collected in the 1980s.

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Female financial adviser gap is narrowing

The female adviser gap in the financial advice sector is starting to narrow but more needs to be done to attract women, according to advice network The Openwork Partnership.

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More fraudsters using social media to push scams

Fraud losses leapt by 30% in the first half of the year as criminals turned to investment frauds increasingly pushed via social media.

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Exclusive: True Potential CEO warns about high bids for firms

Daniel Harrison, chief executive of recently-acquired Financial Planning and wealth management firm True Potential, has warned owners of Financial Planning firms to beware of over-generous offers for their businesses.

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Altus launches vulnerable customer training tool  

Fintech and consulting firm Altus has launched a pre-recorded video training series for financial services professionals on how to work with vulnerable customers.

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FCA CEO pledges tougher regulatory approach

FCA chief executive Nikhil Rathi has pledged to adopt a tougher approach for the regulator in a speech at the Lord Mayor’s City Banquet at Mansion House last night.

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