Failed Firms

Glossary

KingsleyRoseEditor

Home » Archives for KingsleyRoseEditor » Page 2

Blog Posts

FCA Orders Link to Pay Redress to Woodford Investors

FCA has instructed Link Fund Solutions to pay out up to £235m in redress to investors who suffered losses as a result of its failings in liquidity management of the Woodford Equity Income Fund. The regulator is committed to ensuring that fund managers prioritize the interests of investors, and is taking a hard stance against any failures in liquidity management. The payment will be made by selling assets from the fund, which could take several months to complete.

Blog Posts

“FCA’s ESG Labels: Preventing Greenwashing?”

an investment product. The FCA is introducing three labels to investment products in order to increase transparency and establish trust with investors. The labels will indicate whether an investment product is aligned with the Paris Agreement on climate change and the UN Sustainable Development Goals, as well as providing details on the investment strategies used to achieve these goals. They will also require investment firms to provide information on the risks associated with ESG investments, including the potential for greenwashing. Despite some concerns, the labels are a step in the right direction to help investors make more informed decisions and ensure they are not being misled about the environmental benefits of a particular product.

Blog Posts

Childcare Reforms and the Pension Gap

-term, it could help to lay the foundations for a more equitable pension system in the future. Chancellor Jeremy Hunt's Budget included the provision of free childcare hours for children from nine months old, which could help to reduce the gender pension gap. This could be achieved by enabling women to continue working and contributing to their pensions, as well as by challenging cultural and societal factors which contribute to the gap. While the impact may be modest in the short-term, this reform could help to lay the foundations for a more equitable pension system in the future.

Blog Posts

Pensions for Social Care Funding

The Association of British Insurers (ABI) has proposed diverting tax relief on pension contributions to fund social care in the UK. This has been welcomed by many providers and advisers, however there are practical issues that need to be addressed. These include the impact on those already contributing to pensions and younger generations, as well as the amount of funding that could be generated. Despite these concerns, the proposal has sparked an important conversation about the need for additional funding for social care.

About FSCS

FSCS claim

Understanding Financial Services Compensation Scheme Claims Financial Services Compensation Scheme (FSCS) claims are a crucial ...

About Solar

Solar panel

Mis-sold Solar panel Claims: A Comprehensive Guide As the popularity of renewable energy sources continues ...

About Investments

Investment

Investment mis-selling is a prevalent issue that has affected countless individuals in the UK, leading ...

Blog Posts

Ex-Lloyds Executive Appointed Kingswood Chief Risk Officer

Kingswood has appointed Paul Hammick as its new Chief Risk Officer. Hammick brings over 26 years of experience in the financial services industry, having held executive-level roles at Lloyds Banking Group. He holds an MBA from the University of Southampton and a Certificate in Business Continuity Management from the Business Continuity Institute. In his new role, Hammick will be responsible for managing and overseeing all aspects of the company's risk operations, ensuring that Kingswood continues to maintain its commitment to excellence in risk management. His extensive experience and proven track record in risk management make him well-positioned to help ensure that Kingswood meets and exceeds regulatory expectations in this area. Hammick's appointment is a positive development for Kingswood as it seeks to strengthen its leadership team and further enhance its risk management capabilities.

Blog Posts

Ascot Lloyd Launches Adviser Academy

Ascot Lloyd has launched its own adviser academy, Pathway to IFA, to recruit and train the next generation of financial advisers. Led by Duncan Gregory, the academy provides comprehensive and structured training programmes in all aspects of financial advice. This move is part of a wider trend in the industry, with many firms investing in their own academies to ensure they have a pipeline of skilled and knowledgeable advisers to meet the evolving needs of their clients.

From the blog

Our latest posts