UK advice body APFA to merge with investment counterpart
The UK’s Association of Professional Financial Advisers (APFA) is set to merge with the Wealth Management Association (WMA) and to form a new industry body.
PIMFA
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WMA ditches FTSE in favour of MSCI
The Wealth Management Association has struck a deal with MSCI to provide a series of indices, replacing FTSE as its indexing partner.
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Product providers should share compensation levy burden
Nearly eight out of 10 (77%) UK advisers believe that product providers should contribute towards the cost of the Financial Services Compensation Scheme’s (FSCS) levy on intermediaries.
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Apfa urges UK to delay launch of secondary annuity market
The introduction of a secondary annuity market in the UK should be delayed due to a lack of interest from advisers as well as the post-Brexit fallout, the Association of Professional Financial Advisers (Apfa) has told the UK’s Financial Conduct Authority (FCA).
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Nearly a quarter of UK advisers to vote Brexit, says Apfa
Around 24% of financial advisers in the UK will vote for Britain to leave the European Union, research from the Association of Professional Financial Advisers (Apfa) shows.
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Apfa’s Hannant brands BoE adviser criticism ‘unhelpful’
Chris Hannant, head of the Association of Professional Financial Advisers (Apfa), has hit back at Bank of England economist Andy Haldane’s remarks that financial advisers have “no clue” about pensions by branding them “unhelpful”.
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PEOPLE MOVES: Prudential, HSBC GAM, JP Morgan AM…
Some of the biggest firms in the finance industry announced significant people moves this week; with Prudential naming a chief executive, HSBC GAM making two chief executive appointments in Asia, and JP Morgan promoting a new head of retail in China.
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APFA calls for product levy to reform FSCS funding
Levies set by the UK’s Financial Services Compensation Scheme (FSCS) hit an all-time high in 2015, with many firms concerned that they have reached unsustainable levels, according to APFA.
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APFA finds regulatory costs eat up 12% of adviser’s income
Small to mid-sized UK financial advisory firms are spending around 12% of their income on direct and indirect regulatory costs, according to the latest annual survey on the cost of regulation by the Association of Professional Financial Advisers (APFA).
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Fears over pension freedom liability leave savers unadvised
UK financial advisers are avoiding giving advice on the full scope of pension freedoms due to concerns they might be held liable later down the line, according to new research.
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APFA says UK Gov’t needs to fix ‘unfair rules’ facing advisers
The UK Government needs to address “unfair rules” which mean advisers face uncapped liability until death, the Association of Professional Financial Advisers (APFA) said in its response to the launch of a Financial Advice Market Review.
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APFA urges UK Gov’t to ease regulatory burden on advisers
The Association of Professional Financial Advisers (APFA) has urged the UK Government to overhaul financial regulation to reduce the burden placed on financial advisers.