PEOPLE MOVES: Openwork, BNY Mellon IM, Aberdeen Standard
Advice network names CFO, while investment firm makes chief executive change
James Hay
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PEOPLE MOVES: Guardian Wealth, Franklin Templeton, James Hay
Wealth manager hires Woodbrook Group’s former COO, as investment giant names executive vice president
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Passing the torch: helping the next generation of advisers
‘We all have a part to play in ensuring that the financial services industry continues to flourish’
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Saunderson House parent sold to private equity firm
Deal follows aborted 2018 sale that saw £3m offered to advisers to encourage them to stay
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Saunderson House sale U-turn weighs on profits
Parent company IFG Group sets aside £2m to address legacy issues and to retain advisers
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Phoenix Life admits error in closing Sipp
The UK’s Pensions Ombudsman has upheld a complaint against insurer Phoenix Life, but absolved financial product provider James Hay of any wrongdoing, after a self-invested personal pension (Sipp) was wrongly disinvested.
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Duo at helm during Saunderson House sale U-turn resign
In the wake of its surprise decision not to sell advice firm Saunderson House, two senior departures have prompted parent company IFG Group to reshuffle its senior management team.
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£5.1bn UK advice firm up for sale
Despite growing assets under management by 10%, the parent company of UK advice firm Saunderson House is looking to sell the business. Sipp provider James Hay will be retained, even as it faces a £20m fine for investments in defunct Guernsey-listed biofuel scheme Elysian Fuels.
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UK Sipp giant faces £1.8m tax bill over Guernsey biofuel scheme
UK Sipp provider James Hay has been hit with a £1.8m (€2.12m, $2.3m) tax bill from HM Revenue and Customs (HMRC) over the Guernsey-listed biofuel investment scheme Elysian Fuels.
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UK rate cut to increase platform fees, says James Hay
IFG Group, the parent company of UK Sipp provider James Hay, has warned that the Bank of England’s (BoE) interest rate cut earlier this month could see platform charges rise.
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Online trading firm IG launches new Sipp product
Online trading company IG Group, famous for its spread betting services, has teamed up with leading pension provider James Hay to launch a self-invested personal pension (Sipp) product.
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Bespoke Sipp providers may ‘flounder’ in FCA cap ad changes
A number of British firms offering bespoke self-invested personal pensions (Sipps) could go out of business when the Financial Conduct Authority’s (FCA) new capital adequacy requirements come into force in September, according to James Hay, one of the UK’s largest Sipps providers.