churning

A regulatory crackdown on inducements has raised questions about the viability of the most common way in which IFA practices are bought and sold, according to consultants Harrison Spence Partnership.

Two of the seven Raymond James advisers yesterday cleared of soliciting rival Towry's clients have reiterated claims the company acquired their previous employer, Edward Jones, mainly to "churn" customers into its in-house investment management service....

The FSA wants whistleblowers to come forward – it even has a hotline – but is reluctant to act on the information it receives.

Statutory watchdog Consumer Focus' report on pension advice was roundly condemned by advisers but was its criticism justified?

Personal pension 'churning' for higher commissions is still occurring among IFAs, according to a report published today which has been discredited by the trade body representing independent practitioners.

Over a fifth of IFAs still switch personal pensions for clients despite fears of heavy-handed FSA anti-churn measures.

The ECJ's ban on gender-based insurance pricing may encourage more pension churning when combined with the effects of the RDR, Martin Bamford warns.

Invesco Perpetual star Neil Woodford is among a group of high profile investors to hit out at today's short-term performance culture, saying this "obsession" is damaging long-term returns.

Today is Groundhog Day, made famous by Bill Murray's film of the same name, in which Murray's character is forced to continually re-live 2 February.

The financial services market has changed beyond recognition in the last 10 years, with the advent of platforms and supermarkets together with the total overhaul of pensions legislation. As a result, there isn't really a place in this new world for the...