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2 weeks ago | 
professionaladviser.com | Jen Frost
PFS president and chair on engagement, independence and a critical board meeting There are no plans to deregister the Personal Finance Society (PFS) or merge it into the Chartered Insurance Institute, PFS chair and president Carla Brown has said amid concern and speculation that has followed a joint board meeting.
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2 weeks ago | 
professionaladviser.com | Jen Frost
In response to ‘significant concerns’ The Financial Conduct Authority (FCA) has imposed restrictions on wealth management firm Strowz.
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2 weeks ago | 
professionaladviser.com | Jen Frost
Lobbyists pen letter to chancellor The government has refused to provide evidence that a clawback alternative to inheritance tax changes would raise much less revenue than its planned changes to agricultural and business property reliefs, lobbying trade groups have argued.
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2 weeks ago | 
covermagazine.co.uk | Jen Frost
"Williams and Wright are both understood to have shared their letters of resignation with the organisation this morning (19 May, 2025). "My decision to step down was ultimately driven by a belief that remaining on the board, under current conditions, would no longer allow me to meet the fiduciary responsibilities or ethical standards I believe are essential for non-executive directors," Williams said in a statement this morning.
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2 weeks ago | 
professionaladviser.com | Jen Frost
Williams and Wright are both understood to have shared their letters of resignation with the organisation this morning (19 May). "My decision to step down was ultimately driven by a belief that remaining on the board, under current conditions, would no longer allow me to meet the fiduciary responsibilities or ethical standards I believe are essential for non-executive directors," Williams said in a statement this morning.
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2 weeks ago | 
professionaladviser.com | Jen Frost
The editor's Friday Night Takeaway from 16 May I’ve spent the past few days in Dorking attending and hosting PA’s management retreat. It's been a blast getting out and about meeting senior advisers and business leaders, and there was also a packed agenda of learning.
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3 weeks ago | 
professionaladviser.com | Jen Frost
FOS complaints against SJP skyrocketed by more than 450% from 2023 to 2024, when they breached the 2,100 mark. The update came as complaints across all financial products surged to more than 140,000 in the second half of 2024, up 49% on the same period the prior year. Approaching half (46%) of all new FOS complaints for the latest reported period were brought by professional representatives. It's old news that SJP has set aside more than £430m for refunds and associated costs.
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1 month ago | 
professionaladviser.com | Jen Frost
In last week’s PA Asks, Professional Adviser surveyed industry insiders to get their views on a key topics and trends affecting advice. Just 25% of individuals surveyed would support slashing the cash ISA limit to £4,000, PA revealed on Wednesday (7 May).
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1 month ago | 
professionaladviser.com | Jen Frost
Just a quarter (25%) of 51 survey takers, which included IFAs, restricted advisers and other industry stakeholders, said they would support the move. Meanwhile, 6% were unsure. The verdict comes as cutting the cash ISA allowance limit has been touted as a route the government could take to encourage greater investment in stocks and shares as it looks to boost UK growth.
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1 month ago | 
professionaladviser.com | Jen Frost
It is the second complaint that has been upheld against the business, which last month faced scrutiny over radio ads that aired on LBC in October 2024. In the latest case, one individual complained with challenges upheld on two counts. The complainant had questioned whether the claims were "misleading and could be substantiated", while the ASA challenged whether the ad complied with its financial product advertising code.
