Business models

Five things paraplanners want from advisers

Nutmeg is seeking a "resourceful and forward thinking" financial adviser to lead its expansion into regulated advice.

An expat adviser a couple met when they retired to Spain has trapped their £380,000 pension pot in a collection of high risk problem-laden unregulated investments, leaving them in danger of losing everything.

Adviser network Personal Touch Financial Services is requiring advisers who want to give retirement advice post pensions freedom to attain a new retirement-specific top-up exam.

Investment giant BlackRock has acquired US robo-advice business FutureAdvisor, through which it plans to reach out to the "mass affluent".

Portfolios will invest in a number of collectives

Investment and advice group Tilney Bestinvest has bought financial planning firm Webb Holton & Associates, fueling its countrywide expansion drive.

The Financial Ombudsman Service (FOS) has warned it will demand compensation awards from businesses for non-financial errors if they are deemed to have failed vulnerable clients by "rigidly applying rules".

The Financial Conduct Authority (FCA) has banned another former director of one of the main distributors of troubled investment Harlequin Property, fining him £165,900 for failings linked to pension advice.

This advice review could be the open door the regulator is looking for...