FCA confirms new rules on investment research payments
The Financial Conduct Authority (FCA) has confirmed new rules that give asset managers “greater freedom” in how they pay for investment research which the city watchdog believes will ultimately benefit investors.
Average DC pension transfer times fall by 18%
Average defined contribution (DC) pension transfer times have fallen by 18% over the last 18 months, according to new data released by fintech company Origo. The figures for the 12 months to the end o
The Morning Briefing: Consumer Duty’s biggest wins one year on; Just Group hits 17,000 completions milestone
Good morning and welcome to your Morning Briefing for Friday 26 July 2024. To get this in your inbox every morning click here. Consumer Duty’s biggest wins one year on When firms engaged with implemen
Just Group hits 17,000 completions milestone on adviser training
Just Group has reached the major landmark of 17,000 completions on its adviser vulnerability training since the module’s launch in 2019. The training, created with SOLLA, helps financial advisers, par
Ignore calls to adopt 30% rate of pension relief, government urged
The government should, at least for the time being, ignore calls to adopt a flat 30% rate of pension relief, say accountants and business advisers James Cowper Kreston. The firm says it will be "
Ascot Lloyd sees revenue and FUM grow in 2023
Ascot Lloyd has released its full year 2023 results and seen total group revenue and funds under management (FUM) both increase.
Why the client survey is an adviser’s friend not foe
Financial advice is a service-oriented industry where client satisfaction is paramount. But even with the best intentions, complaints can arise, meaning dissatisfaction and even tarnished reputations.
VouchedFor helps Radiant Financial Planning meet Consumer Duty requirements
Radiant Financial Planning has chosen VouchedFor’s enhanced client survey, Elevation, to help the firm meet Consumer Duty requirements.
Nurse-led assessments key to higher annuity rates
In a recent study, we found nurse-led medical assessments return a significantly higher annuity rate than those submitted using standard online forms. In 76% of cases, a higher annuity rate was achieved
The Morning Briefing: Money Marketing hosts protection adviser roundtable; pension confidence surges
Good morning and welcome to your Morning Briefing for Thursday 25 July 2024. To get this in your inbox every morning click here. Money Marketing hosts protection adviser roundtable Money Marketing hos
Pension confidence surges following General Election
Brits’ confidence in their retirement prospects continues to rise, according to PensionBee’s latest Pension Confidence Index. The Pension Confidence Indicator score surged to +30 immediately following
Money Marketing hosts protection adviser roundtable
Money Marketing hosted a protection adviser roundtable to discuss the state of the protection industry at the end of June. An 11-strong panel, comprising advisers, brokers and insurers, met to discuss
Over 70% of British Steel Pension Scheme clients received no compensation
Over two-thirds of clients who received unsuitable advice around the British Steel Pension Scheme (BSPS) did not receive compensation through the redress scheme. According to a report from the FCA, pu
Titan expands geographical footprint with AHR purchase
Titan Wealth has bought AHR Group, an international financial planning and wealth management firm headquartered in Dubai, United Arab Emirates. AHR currently advises and manages $2bn of assets under a
Greg Moss: Watch your back, Tom. Having more clients isn’t as impressive as you think
If I tried to fit 300 clients into my review process (and I really don’t want to), everything would immediately and spectacularly implode.
The Morning Briefing: Post Consumer Duty service and paraplanner over adviser
Good morning and welcome to your Morning Briefing for Wednesday 24 July 2024. To get this in your inbox every morning click here. Post Consumer Duty service 'no different' The majority (84%)
Customers see ‘no difference’ in service levels post-Consumer Duty
The majority (84%) of consumers report no improvement in how financial providers treat them following the implementation of the FCA’s Consumer Duty a year ago. A new study conducted by financial servi
7IM makes ‘functionality enhancements’ to platform
7IM has made “functionality enhancements” to its platform as well as launching new tools following feedback from both financial advisers and clients.
Millions to delay retirement as pension savings gap widens
Millions of UK workers are likely to delay retirement due to the worrying gap between their desired retirement age and the adequacy of pension savings, according to a report. Most people would like to
The Morning Briefing: Concerns over retirement of advisers; Global volatility will increase UK trading
Good morning and welcome to your Morning Briefing for Tuesday 23 July 2024. To get this in your inbox every morning click here. Concerns rising over retirement of financial advisers, research shows A
Global market volatility to increase UK trading, according to research
New research indicates that 81% of regular stock market investors foresee heightened volatility this year, driven primarily by the upcoming US Presidential election and ongoing conflicts in the Middle East.
Concerns rising over retirement of financial advisers, research shows
A new study from Investec Wealth & Investment (UK) reveals significant concerns among UK investors regarding the impending retirement of their financial advisers.
Only 6% of IFAs use AI to deliver services to clients, says report
Only 6% of independent financial advisers use any Artificial Intelligence (AI) tools in their services to clients.
Adviser reports surge to over 100,000 a month due to Consumer Duty
The number of client reports generated by advisers has increased exponentially as the Consumer Duty anniversary approaches, Dynamic Planner has reported. The company said it has seen a surge in advise
CISI and IFoA team up to boost actuaries’ ethical AI skills
The Chartered Institute for Securities & Investment (CISI) has announced it is working with The Institute and Faculty of Actuaries (IFoA) to support actuaries in their understanding of ethical issues when deploying artificial intelligence (AI).