The Financial Services Compensation Scheme (FSCS) declared Optimise Wealth Management, FP Consulting Limited, Northern Provident Investments Limited and RSS&L Limited in default on 24 February 2023.   Since the start of the year, 19 advice firms have failed – with one company under investigation with the FSCS. The most recent firms declared in default were WGL Altrincham Limited, Bailey Richards Wealth Management and...Read More

Published by: Natixis Investment Managers ‘Greenium’ is shorthand for ‘green premium’. When applied to fixed income investments, like bonds, the ‘greenium’ describes the difference between the yield of a ‘green bond’ – the ‘yield’ being a measure of the income returned, or earned, on the investment – and the yield of a conventional, non-green bond...Read More

By Jean-Baptiste Andrieux 22nd February 2023 3:56 pm The Financial Conduct Authority has formally required two firms to stop making unsolicited settlement offers to former members of the British Steel Pension Scheme (BSPS). On 7 February, the FCA had warned advice firms they should stop making these approaches. Abbey Lane Financial Associates Limited and Estate Capital Financial Management Limited are the two firms that...Read More

By Jean-Baptiste Andrieux  The Financial Conduct Authority has commenced High Court proceedings against Argento Wealth Ltd (AWL) and its sole director Daniel Willis. The regulator looks to recover money for victims of the unauthorised investment firm’s unlawful activity. The FCA alleges that AWL unlawfully took approximately £2.8m as deposits under loan agreements and/or as part of...Read More