A story that will have appeal for any adviser who has studied hard to pass exams and serve their clients especially post RDR.
The FCA has banned and fined an adviser for providing advice without the required permissions or qualifications.
Simon Varley, a former director and adviser at Birmingham-based IFA Dickinsons Financial Management faces a £68,300 fine after the regulator found he ‘failed to act with integrity’.
Varley held a CF30 customer adviser function at Dickinsons Financial Management until 2013 when the FCA’s retail distribution review (RDR) rules came in, requiring advisers to achieve a higher level of qualification to keep their permissions.
At this point Varley’s CF30 approval was removed by the FCA, at his request. Despite this, he continued to advise customers between January 2013 and September 2017 without the necessary permissions.
The Financial Ombudsman Service (FOS) has set a £260m budget for 2021/22 with a compulsory jurisdiction levy of £96m as it predicts a large increase in post-pandemic cases.
Ponzi scheme promotor Bernie Madoff has died in prison aged 82.
PensionBee has set a price range for the initial public offering at 155p to 175p per share with an estimated market capitalisation of between £346m and £384m. Aggregation appears to be profitable.
Yellowtail Financial Planning’s Dennis Hall discusses how he has moved successfully to a four day working week.
To quote: “I remain convinced a four-day week is achievable for everyone in the business, including me. As such, I’ve been doing a lot of research into people and businesses that have managed to successfully improve efficiency by 20 per cent or more, which is what is needed.”
Phil Jeynes, director of corporate sales at Reassured, discusses how the industry has got it wrong in terms of its approach to millennials.
And there has been some kerfuffle in the world of football with the suggestion of a breakaway by many top clubs including six English teams. Former Manchester United and England footballer Gary Neville has called for an independent regulator, but does he know the implications of what he is asking for?
