Financial advisers have been warned about the level of corporate hospitality they accept ahead of incoming stricter inducement rules under the European legislation Markets in Financial Instruments Directive II (MiFID II). A study looking into adviser inducements, written by Professional Adviser's parent company Incisive Media, found one-third (34%) of advisers accept corporate hospitality without restriction, warning they will be the "low-hanging fruit" in the eyes of the Financial Conduct Authority (FCA) as the new rules come into effect.
Investment Week founder Tim Weller and the leadership team of parent Incisive Media have secured a management buyout (MBO), that allows the business to accelerate its growth strategy under long-term private ownership. The MBO was led by Tim Weller, founder and chairman, CFO Jamie Campbell-Harris and CEO Jonathon Whiteley; a team who have worked together in the business for two decades. This exciting development allows Incisive Media to operate as a fully independent private company.