Nigel Farage, politician extraordinaire and apparently successful commodities trader before he became a politician, has launched an investors' newsletter in alliance with a regulated financial newsletter publishing outfit.
Financial Planning was first to the story about Freedom and Fortune on Friday among the trade websites.
Freedom and Fortune does see Farage criticise IFAs, more for being part of the system, than say for poor advice or at least not yet. But Mr Farage appears to be making much of silver and gold and the website does make passing reference to crypto, views not to advisers' taste.
One important detail of the new outfit is the association with Southbank Investment Research Limited which publishes newsletters generally warning about some or other financial cataclysm and then suggesting strategies for avoiding or benefitting from them.
They also offer regulated and non-regulated products. All this fits within various regulations in the execution-only world.
Informed Choice’s Martin Bamford has set out why not to invest here. I think this story will run for a while yet, judging from the social media reaction from IFAs, who, wherever they stand politically, sound distinctly unimpressed.
This really is quite an extraordinary podcast from Professional Adviser. Some advisers may have earned £80,000 a day on British Steel transfers says Laura Robinson, a solicitor at Clark Wilmott.
I would like to see this sum interrogated further, but I must admit, I have heard some advisers very concerned at the extraordinary potentially perverse incentives that were available.
Thank goodness for decent IFAs. A popular story on the same title concerns an IFA saved his client £150,000 after they came into contact with a sophisticated scam that appeared to be a legitimate Prudential product.
Daniel Williams an IFA at Hull-based Morgan Williams, is part of the Personal Finance Society's (PFS) ScamSmart initiative, and described the scam as "the most sophisticated I've ever seen".
Thought provoking from International Standards director Michelle Hoskin – advisers should not dominate their support teams.
Nutmeg lost £21m in 2019. Will its backers’ patience run out?
Independent consultant Malcolm McLean says that a one pot pension may not always be the best solution – an interesting challenge to at least one prominent marketing campaign I can think of.
