Latest News - Charles Walmsley
What Lighthouse’s biggest investor thinks of the Quilter deal
Shareholders in Lighthouse are holding out for a better offer than the £42 million Quilter has dangled in front of them to buy the AIM-listed national advice business
Head of Sanlam's SJP challenger partnership business exits
Sanlam’s advice partnership chief Alex Morley has left the business
FCA commits to raising FOS limit to £350k
The FCA will push ahead with its plan to raise the ombudsman award limit to £350,000 despite warnings from insurers that advisers' professional indemnity costs could rise by as much as 500%
FCA appoints new consumer panel chair
The Financial Conduct Authority has appointed Wanda Goldwag to lead the Financial Services Consumer Panel
Revealed: Consolidation is fuelling FSCS bills worth millions
Three advice giants have acquired businesses, client banks or advisers from firms that have racked up FSCS claims worth a combined £46 million. This is just one of the findings from exclusive research by New Model Adviser®
FCA warned against raising FOS compensation over PI concerns
The Financial Conduct Authority (FCA) has come under pressure to row back on plans to raise the highest Financial Ombudsman Services (FOS) compensation limit from £150,000 to £350,000.
Former adviser cleared of £137k fraud
The former managing director of a financial advice firm has been found not guilty of committing a £137,000 fraud with his mother's money.
Octopus launches restricted advice business
Investment company Octopus has launched a restricted financial advice business targeted at people who find traditional businesses 'grey and boring'.
Royal London hires Standard Life Aberdeen director as chair
Royal London has appointed Standard Life Aberdeen non-executive director Kevin Parry as its new chair.
Around 500 footballers lost £1bn from poor wealth advice
More than 500 former football players have lost as much as £1 billion through poor investment and tax advice, the Guardian reports.
What Quilter/Lighthouse tells us about consolidation wave
Since the beginning of this year at least 14 deals have been announced but how do valuations in the financial advice and wealth management sector look like?
Why are so many wealth managers desperate to pack it in?
Increased regulation, Brexit, short-termism - with so many pressures piling up, it comes as no surprise wealth manager job satisfaction is on the decline.
Top 30 under 30: how wealth firms can appeal to young talent
The young guns of 2019 tell us industry’s boorish and boring image must be tackled.