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The FCA says that it may intervene in the professional indemnity insurance market for firms if insurers are unable to renew cover.
Platform and SIPP provider AJ Bell has reported client numbers up 22% to 262,179 over the past 12 months.
In this weird world of lockdown many are working from home and having to deal with all the challenges it brings.
Advisers quitting pension transfers hits Gold Standard
Written by KevinMore than 1,300 financial advisers have signed up to the Pension Transfer Gold Standard in the past 12 months but the number re-registering is set to fall as disillusioned advisers quit the market.
The Investment Association has temporarily dropped the yield requirements for equity income funds due to the Coronavirus outbreak.
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The FCA and Chase de Vere IFA have issued warnings that scammers are using fake details of the firm to try to con people.
CPI inflation, the government’s main measure of inflation, fell from 1.7% in February to 1.5% in March, ONS reported today.
The FCA is to give staff at regulated firms an additional 12 months to pass professional exams due to the Coronavirus outbreak.
Adviser platform Transact reported today that quarterly Funds Under Direction fell 11% in the first quarter (to 31 March) from £39.31bn to £34.99bn, a drop of £4.4bn.