Caseworker productivity improved 12% at the Financial Ombudsman Service in 2021/22 as the Ombudsman confirmed this week that its compulsory levy will rise by over 10% for 2022/23.
Read more ...Consumer satisfaction slips at FOS despite backlog cut
- Tuesday, 22 November 2022
- Articles
The Financial Ombudsman Service (FOS) has made headway in tackling its case backlog but has seen consumer satisfaction levels drop.
Read more ...IHT receipts leap £500m to £4.1bn
- Tuesday, 22 November 2022
- Articles
Inheritance tax (IHT) receipts leapt to £4.1bn between April and October, according to figures released by HMRC today.
Read more ...Progeny buys 3-office South East Chartered Planner
- Tuesday, 22 November 2022
- Articles
Fast-growing Financial Planning firm Progeny Group has acquired three-office Chartered Financial Planning firm Lewis Brownlee Financial Services to expand in the South of England.
Read more ...Novia to cut platform charges
- Monday, 21 November 2022
- Articles
Adviser platform Novia is to cut its charges from the start of 2023 following a review of its pricing strategy.
Read more ...New scheme to tackle provider switching delays
- Monday, 21 November 2022
- Articles
STAR, the industry collaboration initiative, has launched a provider accreditation scheme aimed at tackling delays in savings, investment and pension transfers.
Read more ...Evelyn hires former SFO and FCA investigator
- Monday, 21 November 2022
- Articles
Financial Planner and wealth manager Evelyn Partners has hired former Serious Fraud Office (SFO) and Financial Conduct Authority (FCA) senior investigator Annabel Kerley.
Read more ...Google searches for annuities soar 50%
- Monday, 21 November 2022
- Articles
Searches for annuities on search engine Google have increased by 50% since the start of the year, according to new data.
Read more ...FCA censures ex-CEO for money laundering failings
- Friday, 18 November 2022
- Articles
The Financial Conduct Authority has publicly censured Mohammad Ataur Rahman Prodhan, the former chief executive officer of Sonali Bank (UK) Limited (SBUK), for anti-money laundering failings.
Read more ...3 in 4 advisers fail to evidence Financial Planning value
- Friday, 18 November 2022
- Articles
The vast majority of financial advisers focus too much on portfolio performance and fail to evidence to clients the value of their advice, a new study suggests.
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