The FCA says that platforms should be liable for the ads they run just like tradional publishers in its second perimeter report.
It is asking for new powers from the government to take on the likes of Google. It they do, it will certainly be a significant increase in the regulator's powers, but will the social media platforms resist?
Three-quarters of advisers have experienced a negative impact on gross revenues due to the Covid-19 pandemic, with a fifth forecasting a decline of at least 20%, research by the PFS and NextWealth suggests.
The report in Professional Adviser suggests that despite the decline in revenues, financial planners have seen client numbers up year on year, with 45% of planners saying they are working with more clients this year than last, and 44% reporting new client enquiries are picking up.
Every firm will have its own challenges, but overall that actually sounds quite optimistic given the scale of the crisis.
The Treasury is reviewing the current structure of United Kingdom regulation according to PIMFA as Financial Adviser reports. This could well be to the benefit of IFAs says the trade body. The devil will be in the detail.
The chief of worklifebenefits Steve Bee says that the government should be looking at tax policies which will increase the future wealth citizens hold in pensions, not policies that will likely accelerate the current general decline.
Ian Else launched a financial planning business in January 2020 and discusses the challenges in this Professional Adviser podcast.
Three out of four HR and finance directors are looking to review their employee benefits package as a direct result of the Covid pandemic says Howden Employee Benefits' Steve Herbert.
LV= is in talks with private equity firm Bain Capital about a sale.
