The FCA has confirmed its Annual Funding Requirement (AFR) and regulated firm fees for 2024/25, with fee increases ranging from less than 1% to over 1,000%.
Read more ...FCA confirms annual funding requirement rise of 10.7%
- Thursday, 01 August 2024
- Articles
FCA restricts wealth manager charging '65% portfolio fees'
- Wednesday, 31 July 2024
- Articles
The FCA has today imposed stringent restrictions on London-based wealth manager London Stone Securities Limited after concerns the firm was charging clients ‘excessive fees’ sometimes exceeding 65% of portfolio value.
Read more ...FCA’s Mills claims Consumer Duty a great success.
- Wednesday, 31 July 2024
- Articles
Sheldon Mills, executive director of consumers and competition at the FCA, has claimed that Consumer Duty has been a great success in a speech at an event celebrating the Duty’s anniversary.
Read more ...SJP adviser receives Medal of Honour for charity work
- Wednesday, 31 July 2024
- Articles
Brad Ainsworth from Chichester-based Cathedral Wealth Management has been presented with a British Citizens Award, Medal of Honour, for services to volunteering and charitable giving.
Read more ...Quilter adds new COO from Brewin
- Wednesday, 31 July 2024
- Articles
Financial Planner and wealth manager Quilter has appointed Sarah Houlston as the firm’s new chief operating officer.
Read more ...112 new advice firms registered in June
- Wednesday, 31 July 2024
- Articles
There were 112 new financial advice firms registered with the FCA in June, according to new analysis of FCA data.
Read more ...6 in 10 financial firms hit by ‘ransomware’ attacks
- Wednesday, 31 July 2024
- Articles
New research suggests that 59% of financial services firms have been hit by a ransomware or cyber attack in the past 12 months.
Read more ...Pension scam warnings highest for 9 months
- Wednesday, 31 July 2024
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Pension scam warning ‘flags’ have climbed to their highest level in nine months, according to an update from pensions consulting and administration business XPS.
Read more ...UAE-based Hoxton Capital buys fourth UK IFA firm
- Tuesday, 30 July 2024
- Articles
International financial advisory firm Hoxton Capital Management has made its fourth acquisition in the UK this year with a deal for an undisclosed sum to buy St Albans-based Chequer Financial Services.
Read more ...Acquisitions help Fintel grow profits by 6.6%
- Tuesday, 30 July 2024
- Articles
Fintech and adviser support services firm Fintel, owner of SimplyBiz and Defaqto, said acquisitions have helped the business grow its profits by 6.6% in the last six months.
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