“FCA moves to protect access to cash”

May 17, 2021 | Companies

The other morning we stopped at a local Starbucks (I know, but the others were shut) to buy my daughter’s oat milk latte (I know). She emerged a few minutes later: ‘It’s cash only! Who actually has cash any more?’ Well, I certainly didn’t and it’s a point to ponder. Anti-onliners would say it’s proof of how the world could fall apart if systems crash. I have to say that going back to cash after a year of contactless feels like a return bartering with sheep and cattle in the Middle Ages. But maybe it’s just part of Starbucks (alleged) multi-national tax-avoidance strategy…

Read more here

philip veater mRlmfQ yVFQ unsplash scaled
“Nutmeg losses climb 28% after JPMorgan takeover”

“Nutmeg losses climb 28% after JPMorgan takeover”

If you’re offering cheap, online investment advice, you need volume to make it profitable. To get volume (ie lots of money), you need marketing (to get lots of people to log in and give you money). And that costs, particularly, as will inevitably be the case, most of...

“FCA: Good advisers have ‘nothing to fear’ from redress scheme”

“FCA: Good advisers have ‘nothing to fear’ from redress scheme”

A firm with whom we work did advise British Steel workers, was as a result given a thorough going-over and thankfully a clean bill of health by the regulator. Then the FCA were themselves given a thorough going-over by MPs and in the press, over their inaction while the bad advice that was given was being given.