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At Financial Advice Network we provide a structured programme of support, advice and guidance designed to free professional advisers of many of the costly and time-consuming regulatory and administrative procedures they face day by day and lets you focus on what's best for you and your business - building trusted and lasting relationships with your clients.

We can offer you the expertise and tools you need to grow your business with reduced regulatory risk, optimum cost-efficiency and access to technology that can streamline your procedures.

So if you are looking to change network or join one for the first time, get in touch with us today.

So whether you are whole of market, offer restricted products, provide mortgage and protection plans or protection planning only, we can offer you an unrivalled level of support and expertise.

Banks to start checking names on payments to beat fraud

Names of people receiving payments through banks will be made as necessary as their banking details from next summer, in an attempt to combat the rising rate of fraud.

Currently, for anyone wanting to transfer money, banks require the recipient’s account name, account number and sort code. However, the account name is not checked by banks to make sure it is correct.

Virgin Money takeover complete

The £1.7 billion takeover of Virgin Money by Clydesdale and Yorkshire Banking Group (CYBG), announced earlier this year, has gone ahead and been completed.

Earlier this year, in June, the two banks came together and agreed to a takeover deal, claiming it would create the “first true national competitor to the large incumbent banks.”

Hargreaves Lansdown shares tumble

Shares in the FTSE 100 company Hargreaves Lansdown fell approximately 7% this morning, following a warning by company’s chief executive, Chris Hill, about an industry wide slowdown in inflows.

He said:

“The past quarter has seen an uncertain market environment and weak investor sentiment resulting in an industry wide slowdown in net retail flows.”

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