The FCA are warning consumers to be extra vigilant during the lockdown period as there have been reports of increased activity from “scammers” attempting to trick people into parting with their savings. Action Fraud have reported a 400% increase in online “phishing” e mails in March alone. The FCA have announce a new campaign to […]
Obviously, the crisis has had a massive effect on financial markets and pretty much every client has seen a fall in value of their investments. But is there anything positive which could come out of the crisis? Stronger client relationships. Clients with an adviser will be more re-assured than those without an adviser. So far […]
Read More… from Is there anything positive which might come out of the Covid-19 crisis?
So, here’s our diary of current events and what’s happening work wise…. Weds 4th March – FTSE 6,815, just over a week later by Thursday 12th March the FTSE is down to 5,237 a fall of 1,578 or 23%. In response to phone calls and e mails from clients we posted an update on the […]
Read More… from Lockdown Diary – 4th March to 26th June 2020
Are we creating a perfect storm where potential clients can no longer access a financial adviser? A number of developments in the adviser market might be pointing that way, especially if they all converge at the same time. For example: Not enough advisers. This has been an issue for the advice market since RDR in […]
An interesting article in the FT Adviser (10th February 2020) set out information about the FCA’s performance taken from a recent Freedom of Information request. That request revealed that the number of complaints against the FCA rose by over 50% between 2018 and 2019, to 1,532 complaints. 425 of those complaints, 28% related to the […]
Financial Advisers are once again facing increases in the costs of regulation. Advisers are regulated by the Financial Conduct Authority (FCA) who authorise firms via granting what are know as permissions to perform controlled (or regulated) functions, like advising on investments, pension transfers, mortgages etc. Those permissions are granted to firms based on their ability […]
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