The Morning Briefing: Wealth managers forecast 20% client growth; Scottish Widows appoints Paul McNamara
Good morning and welcome to your Morning Briefing for Tuesday 3 September 2024. To get this in your inbox every morning click here. Wealth managers forecast client growth of more than 20% Wealth manag
Scottish Widows appoints Paul McNamara as non-executive director
Scottish Widows has announced the appointment of Paul McNamara to its Board as a non-executive director, effective from September 2024.
Wealth managers forecast client growth of more than 20%
Wealth managers and financial advisers are anticipating significant growth in their client base over the next three years, according to new global research by Ortec Finance.
Key Advice promotes East to director of advice and adviser services
Key Advice has announced the promotion of Rachel East as its new director of advice and adviser services. East has been with the UK’s later life lending adviser since 2018.
Insurers paid out record £7.34bn in claims last year
Group and individual protection policies paid out a record £7.34bn claims in 2023, new figures from the Association of British Insurers (ABI) and Group Risk Development (GRiD) reveal. The claims, whic
7IM appoints industry veteran Chambers as independent non-executive director
Wealth and investment management firm 7IM has appointed industry veteran Elizabeth 'Libby' Chambers as independent non-executive director (INED). Chambers has more than three decades of exec
BareRock introduces policy to help advisers comply with FCA’s three-day rule
BareRock has introduced a new policy to help advice firms comply with the Financial Conduct Authority’s three-day rule for complaints resolution without breaching the T&Cs of their Professional Indemn
Progeny hires Abrdn director as head of active funds
Progeny Asset Management (PAM) has appointed Mark Lane to the new role of head of active funds. Lane was previously Abrdn investment director.
L&G partners with Moneyhub on pensions dashboard service
Legal & General is partnering with Moneyhub on a new pensions dashboard service for its 5.3 million pension savers. The pensions dashboard will harness Moneyhub’s Open Finance technology and allow L&G
Artemis founder John Dodd announces retirement
Artemis founder John Dodd has announced he will retire from his role as executive chair at the end of 2024, after almost 40 years in the industry. His responsibilities will be shared among the current
Rathbones names new chief client officer from Evelyn Partners
Rathbones has appointed Simonetta Rigo as chief client officer, subject to regulatory approval. In her new role, Rigo will be tasked with leading client and adviser proposition development, marketing
Perspective completes two more acquisitions to continue growth drive
Perspective Financial Group has completed two further acquisitions, bringing its total to 11 this year and 89 since it was founded 16 years ago. The latest two transactions add approximately £185m in
The Morning Briefing: ‘Common’ for advisers to invest personally in VCTs; closing the advice gap
Good morning and welcome to your Morning Briefing for Monday 2 September 2024. To get this in your inbox every morning click here. ‘Common’ for advisers to invest personally in VCTs It is “quite commo
‘Common’ for advisers to invest personally in VCTs before recommending to clients
It is “quite common” for financial advisers to invest personally in a venture capital trust (VCT) before recommending it to their client base.
Investment into cash Isas increases by more than a fifth
The amount of money invested into cash Isas so far this tax year has increased by more than a fifth (22%) compared to the previous tax year.
The Morning Briefing: First firm in the Middle East receives IPPF status; women taking control of global wealth
Good morning and welcome to your Morning Briefing for Friday 30 August 2024. To get this in your inbox every morning click here. AHR Group first firm in the Middle East to receive IPPF status AHR Grou
AHR Group first firm in the Middle East to receive IPPF status
AHR Group has become the first and only international financial advice firm in the Middle East and Central South Asia regions to receive International Professional Partner Firm (IPPF) recognition from the CII (Chartered Insurance Institute).
Behind the Headlines: Is the protection market competitive enough? We’re about to find out
The Financial Conduct Authority has laid down plans to launch a detailed investigation into the protection market, following concerns that competition in the market has been left wanting. The regulato
SJP appoints Centrick Invest to oversee Asian property investment
Global wealth management giant St James’s Place has appointed Centrick Invest as an approved partner for its property investment activity in Hong Kong and Singapore. Birmingham-founded Centrick Invest
Key Advice rolls out Air platform to adviser population
Key Advice, the UK’s leading later-life lending adviser, is rolling out the Air platform to all its adviser population. From the end of August, all Key Later Life Finance and The Equity Release Expert
The Morning Briefing: Finding lost pensions and Consumer Duty – deal or no deal?
Good morning and welcome to your Morning Briefing for Thursday 29 August 2024. To get this in your inbox every morning click here. Finding lost pensions Digital wealth manager Moneyfarm has launched a
Moneyfarm launches service to locate lost pensions
Digital wealth manager Moneyfarm has launched a new ‘find, check and transfer’ (FCT) service. The service allows both new and existing Moneyfarm clients to set up FCT requests to locate their lost or
Hymans Robertson appoints McFadyen as head of pensions
Hymans Robertson has appointed Catherine McFadyen as head of pensions. In this role, she will guide the five pensions market’s business units: actuarial private; actuarial public; investment; DC consu
Investment professionals express support for industry AI standards
The vast majority (85%) of investment professionals believe there needs to be an industry-wide standards and ethical guidelines for Artificial intelligence (AI) use within the industry.
Regulator plans to probe pure protection market
The Financial Conduct Authority has laid out plans to launch a market study into how pure protection insurance products are sold, following concerns that competition is not working well in the market.