Articles
Activist shareholder welcomes SJP operating model review
Written by Kat MitchellActivist investment firm PrimeStone Capital has praised wealth management giant St James’s Place for its “constructive dialogue” following the concerns it raised with the firm earlier this year.
Nucleus inflows rocket as OpenWealth acquisition completes
Written by Kat MitchellNet inflows at Nucleus rocketed to £166m in its third quarter, a rise of 102% from the corresponding quarter the previous year, as the investment platform confirmed that is has completed its acquisition of part of OpenWealth’s UK business.
Quilter considering disposal of international business
Written by Kat MitchellWealth management and Financial Planning giant Quilter confirmed that is considering selling its international business.
A flood of insolvencies in 2021 could lead to a new gold rush for DB transfer in the new year as household budgets are squeezed, according to a new report.
Over a third (36%) of the adult population of the UK’s finances are in a worse position than three months ago, according to a new report.
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The Financial Conduct Authority (FCA) has expanded the scope of its ban on the marketing of mini-bonds to retail investors.
Hargreaves Lansdown NED steps down to take Royal London chair
Written by Kat MitchellShirley Garrood, senior independent director at Hargreaves Lansdown, is to step down at the end of 2020 in order to take up the position of chair of Royal London Asset Management in 2021.
FCA fines Financial Planner over pension transfer advice
Written by Kat MitchellWarrington-based LJ Financial Planning has been fined £107,200 by the Financial Conduct Authority (FCA) for providing its customers with unsuitable pension switching and transfer advice and failing to manage its conflicts of interest.
Quilter covenants ruled excessive in legal case
Written by Kat MitchellQuilter Private Client Advisers’ has won part of its legal case against a former adviser employee but the high court found its restrictive covenants were excessive and not enforceable.