The Morning Briefing: Protection market probe and the importance of SEO
Good morning and welcome to your Morning Briefing for Wednesday 28 August 2024. To get this in your inbox every morning click here. Protection market probe The Financial Conduct Authority has laid out
Hoxton Capital rebrands to Hoxton Wealth
Hoxton Capital Management has rebranded to Hoxton Wealth as it revealed a “vision to further develop its financial planning proposition at the intersection of technology and tradition”.
Starmer warns Labour’s first budget will be ‘painful’
Labour’s first Budget will be ‘painful’, warned the prime minister, as he seemed to lay the ground for upcoming tax rises. Keir Starmer said he would have to make “big asks” of the public given that t
Quilter Cheviot reduces MPS fees for direct clients
Quilter Cheviot has announced it has lowered the charges for clients invested directly in its managed portfolio service (MPS) via its own nominee arrangements.
Fairstone appoints group managing director
Fairstone has announced the appointment of Russell Bignall as it’s group managing director. Bignall’s role at Fairstone will commencing from 1st October 2024.
Ascot Lloyd appoints Francis Jackson as new CEO
Ascot Lloyd has appointed Francis Jackson as its new chief executive officer. Francis will replace Nigel Stockton, who has led the business since 2015 and announced his intention to step down in Febru
TFAS Wealth partners Aveni to roll out AI across its business
Advice business TFAS Wealth has teamed up with fintech Aveni.ai to implement artificial intelligence solutions across its expanding remote service offering in the UK. The investment in Aveni’s AI tech
The Morning Briefing: Guardian research shows customers would pay more for enhanced terminal illness cover
Good morning and welcome to your Morning Briefing for Tuesday 27 August 2024. To get this in your inbox every morning click here. Guardian research shows customers would pay more for enhanced terminal
Guardian research shows customers would pay more for enhanced terminal-illness cover
Most advisers think customers would pay more for life cover with enhanced terminal-illness definition, according to latest research from Guardian. The research, released today (27 August), is conducte
Weekend Essay: We’re not going on a… summer holiday
Back in 1963, Cliff Richard told the world that everyone was going on a summer holiday, they’d be no more work for a couple of weeks and generally life was great. That may have been true in the 60s, C
FCA chair in hot water for revealing identity of whistleblower
Ashley Alder, chair of the Financial Conduct Authority, has been criticised for revealing the identity of an internal whistleblower to other staff members. The whistleblower sent emails to Alder in De
The Morning Briefing: Data is key to good customer outcomes; The power of perspective in life and advice
Good morning and welcome to your Morning Briefing for Friday 23 August 2024. To get this in your inbox every morning click here. Data is key to delivering good customer outcomes Matt Hutchins, global
Data is key to insurers delivering good customer outcomes
A senior financial services executive has said data is key to insurers consistently delivering fair value and good customer outcomes. Matt Hutchins, global head of insurance at Capco, said insurers sh
M&G appoints Procter to lead activity in bulk purchase annuity market
M&G has appointed Kerrigan Procter as managing director of its corporate risk solutions business. Kerrigan will join the firm in January 2025 as a member of its leadership team, reporting to CEO Clive
Aegon reports net deposits of £1.7bn for workplace platform
Aegon UK has reported net deposits of £1.7bn for its workplace platform in the first half of 2024, an record increase from £1.5bn in the same period in 2023.
Platform assets rise to over £1trn on back of booming stock market
Platform assets have bounced back as the stock market makes gains, new data has revealed. Total assets rose to £1.1trn at the end of the second quarter, up £47bn against the first quarter and a substa
One in five pensioners will be ‘dragged’ into paying higher rate tax
Frozen income tax thresholds will see an estimated one in five pensioners dragged into paying higher or additional rate tax by 2028, new data has revealed. The data from HM Revenue and Customs, obtain
Aviva makes redundancies at AIG Life after acquisition
Aviva has made redundancies at AIG Life leading to the exit of dozens of staff including senior managers. The redundancies come three months after Aviva completed the acquisition of AIG Life from Core
The Morning Briefing: Advised platform gross flows remain high; observable signs of vulnerability
Good morning and welcome to your Morning Briefing for Thursday 22 August 2024. To get this in your inbox every morning click here. Advised platform gross flows stay high, but outflows rise Advised pla
Advised platform gross flows remain high but outflows continue to rise
Advised platform gross flows remain high but outflows continue to rise, new research from the Lang Cat has revealed. Total advised gross sales of £18.65bn in the second quarter of 2024 are among the h
Fairstone acquires two advice firms
Fairstone has acquired two advice firms, adding over £318m of funds under management and 1,250 new clients. The firms are Grayside Financial Services in Epsom and Swindon-based Executive Wealth Manage
FCA warns insurers over fair value and good customer outcomes
The Financial Conduct Authority has warned insurers that it will take regulatory action if they fail to demonstrate their products provide fair value for customers. The FCA’s message comes just three
P1 Platform launches adviser tool to streamline investment process
P1 Platform has launched Investment Proposal Generator - a new tool designed to streamline the investment process for advisers and their clients. The tool allows advisers to create bespoke, comprehens
The Morning Briefing: IHT receipts rise again; great wealth transfer will ‘change everything’
Good morning and welcome to your Morning Briefing for Wednesday 21 August 2024. To get this in your inbox every morning click here. Calls to simplify IHT grow as receipts rise again There are growing
Calls to simplify IHT grow as receipts rise again
There are growing calls for chancellor Rachel Reeves to simplify inheritance tax (IHT) ahead of her first Budget on 30 October after receipts rose again. The latest HMRC figures reveal IHT receipts co