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3 weeks ago | 
moneymarketing.co.uk | Caitlin Jordan |Kimberley Dondo |Andrew Tully
The first cracks in the US stock market’s façade have appeared, spurred by worries over global trade and growth. Time to move to the debt market? Fixed income portfolio managers Mike Riddell and James Durance examine a volatile landscape in a new episode of Fidelity Answers. “Until very recently, markets have been pricing in that the US economy will continue growing at 3 per cent forever.
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1 month ago | 
ftadviser.com | Andrew Tully
Nucleus has written to pensions minister Torsten Bell calling for a non-departmental government long-term savings commission to be set up. The open letter aims to spark discourse amongst government to create a greater political consensus around pensions and long-term savings policy. Nucleus believed the case for encouraging long-term savings was “clearer than ever” as it would help inject more capital into investment, supporting both individual retirement security and broader economic growth.
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1 month ago | 
professionaladviser.com | Andrew Tully
The HM Revenue & Customs (HMRC) consultation on the inclusion of pensions within the scope of inheritance tax (IHT) from April 2027 has recently closed. Hopefully, HMRC will consider other options which may provide a better outcome for customers, beneficiaries, personal representatives and the industry. Meanwhile, thoughts will start to move towards planning. For those with greater wealth, for the last ten years, pensions have often been one of the last options used to generate income.
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2 months ago | 
moneymarketing.co.uk | Tom Browne |Momodou Musa Touray |Mel Kenny |Andrew Tully
International financial advisory firm Hoxton Wealth has opened its first office in Mexico City as part of its expansion strategy in the Americas. The office will initially focus on providing financial-planning services to US-connected individuals. Aaron Vickery has been appointed as country manager to lead the new team of four. Vickery brings 20 years of experience in wealth management, having worked in both the Middle East and Latin America.
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2 months ago | 
moneymarketing.co.uk | Tom Browne |Momodou Musa Touray |Andrew Tully |Noel Butwell
MetLife UK has announced a series of strategic leadership changes to accelerate growth and transformation as it strengthens its market position. The appointments aim to enhance commercial activities, drive innovation and ensure the business remains agile in an evolving financial landscape. Adrian Matthews has been appointed UK deputy CEO, a newly created role focused on overseeing distribution, product and marketing strategies.
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2 months ago | 
moneymarketing.co.uk | Dan Cooper |Darius McQuaid |Paul Harper |Andrew Tully
AJ Bell said it will continue to focus on growing its dual channel platform after adding a further 19,000 customers in the past quarter. It brought the total number to 561,000, up 16% in the last year and 4% in the past three months. The number of advised customers has risen by 2% in the quarter to 174,000, while D2C customers rose by 4% to 387,000. This resulted in record assets under administration (AUA) of £89.5bn, an increase of 17% in the last year and 3% in the quarter.
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2 months ago | 
moneymarketing.co.uk | Dan Cooper |Andrew Tully |Momodou Musa Touray
Evelyn Partners has announced that Bahador (Bids) Mahvelati will join the firm in March as chief operations officer. He will also be serve as a member of the group’s executive committee as the business refocuses exclusively on wealth management. His appointment is subject to regulatory approval. Mahvelati will join Evelyn Partners from PwC UK, where he is a strategy and operations Partner and leads the financial services value creation practice.
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2 months ago | 
moneymarketing.co.uk | Andrew Tully |Emmelia Powell
HMRC’s consultation around the inclusion of pensions within the scope of Inheritance Tax (IHT) from April 2027 has recently closed. Many of the responses are likely to emphasise that this change will provide poor outcomes for customers, beneficiaries, personal representatives (PRs), the industry and HMRC. Most pension schemes operate death-benefit payments under a discretionary disposal procedure.
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Dec 10, 2024 | 
professionaladviser.com | Andrew Tully
'The power of compound interest should not be underestimated' Targeted support may help people make more informed investment and pension decisions - but we don't need to wait until its official rollout, argues Andrew Tully In its latest update on its Advice Guidance Boundary Review, the Financial Conduct Authority (FCA) has confirmed it will move ahead with a consultation in December to determine how targeted support will work for pension savers. The aim is for people to gain a greater...
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Nov 20, 2024 | 
moneymarketing.co.uk | Dan Cooper |Andrew Tully
Good morning and welcome to your Morning Briefing for Thursday 21 November 2024. To get this in your inbox every morning click here. IHT receipts rise by £500mThe Treasury collected a total of £5bn in inheritance tax (IHT) receipts in the first seven months of the 2024/25 financial year. This is an increase of £500m (11%) compared to last year.
