People prioritising future health ahead of future wealth
The UK population is five times more likely to prioritise physical longevity compared to its financial longevity (51% vs 9%).
FCA says firms are ‘taking a tick-box approach’ to AR oversight
The Financial Conduct Authority has said some firms are “taking a tick-box approach” to monitor their Appointed Representatives (ARs). FCA made the statement today (6 Sept) following a review of how p
The Morning Briefing: Abrdn overhauls fixed income team and tech giants to keep growing
Good morning and welcome to your Morning Briefing for Friday 6 September 2024. To get this in your inbox every morning click here. Abrdn overhauls fixed income team Abrdn has overhauled its fixed inco
Abrdn overhauls fixed income team after global head exits
Abrdn has overhauled its fixed income team following the departure of Craig MacDonald. MacDonald, who is global head of fixed income, is leaving the business after 22 years to pursue postgraduate stud
CGT concerns for advisers and clients ahead of Budget
Nine in 10 advisers admit clients have concerns regarding capital gains tax (CGT) ahead of chancellor Rachel Reeves' first Budget on 30 October. Research published today (5 September) by investme
Schroders CFO Richard Oldfield set to take over as new CEO
Schroders looks set to promote its current chief financial officer Richard Oldfield to the position of chief executive, reports in the Financial Times suggest. Oldfield would succeed current CEO Peter
Paradigm Norton appoints new CEO
Financial planning firm Paradigm Norton has appointed Philippa Hann as its new CEO. Hann replaces current chief executive Barry Horner, who announced his retirement as he approaches his 65th birthday.
Royal London unveils specialist equity release advice service
Royal London has launched a whole of market specialist equity release advice service for customers. The service will help consumers access specialist advice to support their desired standard of living
Abrdn Adviser poaches new CFO from Quilter
Abrdn Adviser has appointed Louise Williams to the role of chief financial officer (CFO). The role will be a key part of the Adviser business leadership team, led by chief executive Noel Butwell. Will
The Morning Briefing: Quilter snaps up fintech firm; how advice firms should navigate AI
Good morning and welcome to your Morning Briefing for Thursday 5 September 2024. To get this in your inbox every morning click here. Quilter snaps up fintech firm Quilter has acquired fintech firm NuW
Quilter snaps up fintech firm NuWealth
Quilter has acquired fintech firm NuWealth to support the objective of enhancing its digital capabilities. The firm said it aims to evolve NuWealth to work with advisers to help them support clients a
Hargreaves Lansdown director steps aside
Hargreaves Lansdown has announced that Moni Mannings OBE has decided to stand down from the board. Mannings joined the firm in September 2020 as a non-executive director and has been chair of the Remu
Joe Norburn: How advice firms should navigate the AI journey
There are now many new AI solutions on the market, which offer a great variety of ‘choice’ to advice firms. But it’s rarely clear what type of AI is being promoted and whether its use is suited to your needs.
Chancellor scraps plans for UK Isa
Chancellor Rachel Reeves has scrapped plans brought forward by the previous government to introduce a UK Isa, according to the Financial Times. The UK Isa would have handed savers an additional £5,000
Guardian CEO Katya Maclean exits after five years
Guardian chief executive Katya MacLean will be leaving the business at the end of September. MacLean took on the CEO role five years ago, taking the company from the start-up it was then to the establ
Advisers’ opinion split on vertical integration as exit option
Advice firm owners' opinions are divided when it comes to using vertical integration (VI) as an exit option, according to a new Wealthtime study. The study, which made use of focus groups compris
Succession appoints new director of wealth to drive business development
Succession Wealth has appointed Graham Nicoll as director of wealth. He will join Succession’s executive committee in a newly created role which will see him manage the firm’s financial planning commu
The Morning Briefing: M&G platform exit and investment scams on the rise
Good morning and welcome to your Morning Briefing for Wednesday 4 September 2024. To get this in your inbox every morning click here. M&G platform exit M&G has confirmed it will exit the platform mark
M&G to exit platform market
M&G has confirmed it will exit the platform market as part of its simplification plans, it said in its half-year results today (4 September). In May 2020, M&G announced plans to buy Royal London’s Asc
British Friendly appoints Barot as head of marketing
British Friendly has appointed Pouja Ram Barot as head of marketing. Barot replaces Meredith Illman, who is leaving to spend more time with her family. Barot, who joined the mutual in 2016, was promot
‘Significant rise’ in investment scams on social media, says FOS
There has been a “significant rise” in complaints to the Financial Ombudsman Service (FOS) where people spot investment opportunities on social media and then inadvertently pay fraudsters using their debit or credit cards.
Morningstar Wealth partners with the Lang Cat’s Analyser
Morningstar Wealth has partnered with the Lang Cat’s Analyser, the platform and model portfolio service (MPS) comparison software.
Wealth at Work launches financial wellbeing platform
Wealth at Work has launched a new interactive financial wellbeing platform. The platform, money&me, helps employees build their knowledge of money through gamified learning and provides a personalised
Aligning SFDR and SDR to combat greenwashing
As regulatory measures in the UK and EU tighten to combat greenwashing, the financial sector faces an increasingly complex set of obligations, led by both the Sustainable Disclosure Finance Regulation
Foster Denovo expands presence in Scotland by snapping up Glasgow-based advice firm
Foster Denovo has acquired Glasgow-based financial advisers Rosemount Asset Management. The deal is its fourth acquisition in just 12 months and a "significant first step in realising its strateg