The big news in the last seven days has been the small rise in UK interest rates. Professional Adviser discusses the 0.25% increase and the message from the MPC that the next two years will probably bring two more rises.
The FT considers the Bank of England's concerns that markets have misinterpreted its intentions twice in a row now. The latest comments accompanying the rise were seen as a ‘dovish’ signal provoking falls in sterling.
The FCA has asked principal firms to ramp up their due diligence of ARs and introducers amid concerns about scams.
Barry O’Dwyer, the chief executive of Standard Life Aberdeen's life and pension business makes the case for partial defined benefit transfers saying he has done one himself in this Citywire video.
Two are jailed for a fraudulent landland bank scheme including nasty hard sales techniques focused on elderly investors.
Intrinsic Mortgage Planning has to pay £30,000 to a client who took out an interest free mortgage to fund an investment in Harlequin.
The new President of the Personal Finance Society Sharon Sutton wants to end in-fighting including ‘anonymous blogging’ and says consumers are not interested in the different designations but want help from a profession.
The Government has postponed plans to abolish class 2 National Insurance Contributions until April 2019.
FCA staff are worried about their safety in their move to Stratford. A committee has been set up to address their concerns and taxis will be provided for those working after 9pm.
The FCA considers the opportunities and risks for advisers providing robo-advice. Head of strategy and competition Bob Ferguson says it could help close the advice gap but advisers must get the model right.
Tom Hopkins & Richard Hoskins, co-founders of Kin Capital write an open letter to the Chancellor of the Exchequer Philip Hammond asking for him to maintain the current tax structure of EIS’s and VCTs.
