Editor’s Comment: ‘Help, my planner’s retired!’
- Friday, 26 July 2024
- Comment
![Editor Kevin O'Donnell](/media/k2/items/cache/3db53994eadb45d2718920dcc8baa0bd_M.jpg)
Financial Planners play a unique role in the lives of their clients for many years so, for clients, losing their planner due to retirement or business exit, can be a challenging and disconcerting time.
Read more...FCA opens door to new ‘capital raising’ retail platforms
- Friday, 26 July 2024
- Articles
![FCA's Sarah Pritchard](/media/k2/items/cache/262f28ab452229333f5dea1cf044bb6e_M.jpg)
The FCA is to consult on ground-breaking proposals to launch capital-raising retail platforms to raise money for expanding firms.
Read more...12% jump in new equity release clients in Q2
- Friday, 26 July 2024
- Articles
![David Burrowes of the Equity Release Council](/media/k2/items/cache/0a446c89c342c012bfd05d7d0378610d_M.jpg)
The number of new equity release customers jumped by 12% to 5,240 in Q2 as the market recovered from a downturn last year, according to the Equity Release Council’s latest quarterly market report.
Read more...Profit recovery at Jupiter but outflows continue
- Friday, 26 July 2024
- Articles
![Jupiter chief executive Matthew Beesley](/media/k2/items/cache/4714deda9889e38d9a6faeed7acc221d_M.jpg)
Fund manager Jupiter has reported pre-tax profits for the latest half year up by £3.9m to £38.7m.
Read more...1 in 3 financial services firms censured by regulators
- Friday, 26 July 2024
- Articles
![The FCA's new Consumer Duty has changed the way firms interact with their customers](/media/k2/items/cache/0d13ec58b525d4995fca9bc4b463fd17_M.jpg)
Over one in three financial services firms (36%) have been penalised at least once in the past 12 months for failing to meet regulatory requirements, according to a new report.
Read more...FCA fines first crypto firm with penalty of £3.5m
- Thursday, 25 July 2024
- Articles
![Therese Chambers, joint executive director of enforcement and market oversight at the FCA](/media/k2/items/cache/95e8def0102cbff4eadd7d9f3f61fdad_M.jpg)
The FCA has issued a £3,503,546 fine to CB Payments Limited (CBPL) for repeatedly breaching a requirement preventing it from offering services to high-risk customers.
Read more...Iress adds AI adviser assistant integration to Xplan
- Thursday, 25 July 2024
- Articles
![Iress is a technology company providing software to the financial services industry.](/media/k2/items/cache/af9bff92cc03703d3bd16d616290afd6_M.jpg)
Iress has added integration with artificial intelligence-powered adviser assistant tool PlannerPal to its cloud-based advice and wealth management software Xplan.
Read more...FCA removes permissions from Brentford adviser
- Thursday, 25 July 2024
- Articles
![FCA HQ](/media/k2/items/cache/1b3f63253ac21621d4b515a0ac4e8869_M.jpg)
The FCA has cancelled the permissions of Brentford-based Ekara Health Ltd (FRN 940007).
Read more...Titan acquires Dubai Financial Planning firm
- Thursday, 25 July 2024
- Articles
![Dubai](/media/k2/items/cache/90cacb6b7e5b5d2906c25a9b819d4d51_M.jpg)
Titan Wealth has acquired Dubai-based Financial Planning and wealth management firm AHR Group for an undisclosed sum in its first international deal.
Read more...High Court orders WealthTek to return client assets
- Thursday, 25 July 2024
- Articles
![FCA logo](/media/k2/items/cache/18990acd1ce0af534322d6aec622e32a_M.jpg)
The High Court has approved a plan to return client money and customer assets to clients of failed Newcastle-based wealth manager WealthTek.
Read more...