FSCS says most clients of failed DFM have been paid back

Most of the 11,500 former clients of failed wealth manager and DFM provider Reyker Securities plc have got their money back after intervention by the Financial Services Compensation Scheme.

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Planners feel supported by DFMs but service lacking

Three in four financial advisers have felt supported by their preferred discretionary fund managers (DFM) during the Coronavirus pandemic but service has been lacking, according to a new report.

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Investec to exit structured product market

Investec Bank will pull out of the retail structured product sector in the UK retail market from April, the company revealed today.

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Defaqto Engage adds over 1,000 risk-rated DFMs

Adviser data and ratings provider Defaqto has added 1,047 risk-rated funds and DFM Model Portfolios to its Financial Planning software Defaqto Engage.

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