Articles

  • 2 days ago | citywire.com | Charles Walmsley

    The Financial Ombudsman Service (FOS) is considering cutting its blanket 8% interest rate for compensation payments. In a consultation published yesterday, the FOS said firms have raised concerns that the current 8% rate ‘runs the risk of overcompensating complainants’. The consultation suggested replacing the 8% rate with the average Bank of England rate plus 1%. The FOS is also open to responses suggesting an alternative figure lower than 8% and arguments in favour of keeping the current level.

  • 1 week ago | citywire.com | Charles Walmsley |Miles Costello |Sophie Downes |Dylan Lobo

    At the risk of walking on to a philosophical minefield, it’s hard not to conclude that Anton Kristiansson was born to end up where he has. As a fund manager, he specialises in quantitative analysis, rifling though the data inputs and outputs of an automated computer-driven investment model. He built the model himself from scratch, beginning when he was a student. But he didn’t study computer science.

  • 1 week ago | citywire.com | Charles Walmsley

    Evelyn Partners has signed a partnership deal with rugby club Saracens that will see the wealth manager recruit from the Premiership side’s ranks. Players from both the men’s and women’s teams will be offered a financial coaching programme under the partnership. This will include preparing for life after rugby, with players offered a pathway into wealth management. Already have an account? Do you personally advise on or manage investments for clients?

  • 3 weeks ago | citywire.com | Charles Walmsley

    Less than 9% of the UK population received advice on pensions or investments last year, the FCA’s latest Financial Lives survey has found. The regulator said the survey, which asks people about their experience of using financial services, highlighted the need to get more people investing. Just 8.6% of people said they had turned to regulated advice last year, down slightly from the previous year’s 9%. Already have an account? Which of the following best describes your role?

  • 1 month ago | citywire.com | Dylan Lobo |Charles Walmsley

    NatWest has launched an online advice service, joining a wave of banks pushing for more retail investors to invest with them. Banks including HSBC and Barclays have been returning to the advice space with an eye on expanding their coverage for ‘premier’ clients. Typically these are current account holders earning £100,000 a year or with at least £100,000 of assets to invest. A quarterly trading update from NatWest this morning highlighted its launch in the space. Already have an account?

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