Treasury adviser Arlingclose has received official approval from the Financial Conduct Authority to provide investment advice to retail clients under MiFID II. The firm said that it had submitted its application but a delay in approval was caused by a backlog at the FCA that extended beyond the January 2018 implementation. A spokesman for Arlingclose said: “We have qualified staff to provide investment advice in regulated investments to retail clients and now have the necessary approval and permissions from the FCA to do so.”
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Conrad Hall: a central/local tension is the cause of the financial crisis – not funding
The local government financial crisis has not been caused by a lack of funding: that’s just a symptom of the inherent conflict of having independent local authorities within a highly centralised state, argues Conrad Hall.
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