A company that employs 32 Paraplanners has announced the takeover of a rival Paraplanning firm.
Wealth management firm St James’s Place has incurred an FSCS levy of £20m – nearly triple that of last year.
The Government would be sending out an anti-saving message if it decides to scrap pension tax breaks for high earners, the Wealth Management Association says.
The increased FSCS levy could mean total regulatory costs for Sipp operators in the sector could rise by an additional 75% this year when compared with 2014.
The advent of robo-adviser style services can help draw a clearer distinction between regulated advice and Financial Planning, IFP chief executive Steve Gazzard says.
Losses due to pension scams more than tripled to nearly £5m in the month after the pension reforms took effect as liberation scams tripled, new figures suggest.
Advice firms in Derby and Blackburn have been bought out by AFH Financial for over £1m in total.
Bosses struggling to find Paraplanners for their firms should stop seeking an “all singing, all dancing” answer to their problem and look at appointing an apprentice, a leading Paraplanner says.
The reasons for consumers failing to seek out a Financial Planner are to be investigated in a major global project involving the IFP.
A financial adviser was among six people arrested as part of an investigation into a suspected £4 million Pay As You Earn tax evasion and money laundering fraud.