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2 months ago | 
moneymarketing.co.uk | Momodou Musa Touray |Ben Hammond |Kimberley Dondo
Corbel Partners has completed the acquisitions of seven advice businesses in the first quarter of this year. The financial advice network said six of the seven acquisitions were from its internal market. The network launched its internal buyout proposition in 2023, which guarantees a route to retirement and locks in a smooth transition for the acquired firm’s clients.
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2 months ago | 
moneymarketing.co.uk | Dan Cooper |Ben Hammond |Kimberley Dondo
Intelliflo and AdvisoryAI have teamed up to eliminate manual practice management system updates and enhance workflows for Intelliflo users. The integration, which goes live today (14 April), addresses one of the most significant pain points for financial advisers – the process of manually updating client fact-finding data in their back-office systems.
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2 months ago | 
moneymarketing.co.uk | Devin Partida |Ben Hammond
Artificial intelligence (AI) is already reshaping the finance industry and its influence is only set to grow. While earlier models have helped automate basic, repetitive tasks, a newer frontier — agentic AI — has the potential to handle entire workflows with minimal human intervention. These AI agents can complete complex, multistep tasks largely autonomously, making them a compelling answer to the slow and error-prone processes that plague many financial operations.
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2 months ago | 
moneymarketing.co.uk | Dan Cooper |Simon Evans |Kimberley Dondo |Ben Hammond
Aviva Investors has made two senior hires to its UK wealth team. The global asset management business has appointed Hayley Randall as head of UK advisory distribution. Randall will be responsible for driving growth and leading distribution for the UK IFA channel, developing relationships with partners and covering key regional accounts. A chartered financial planner, Randall joins from HSBC Asset Management, where she held a number of key roles.
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2 months ago | 
moneymarketing.co.uk | Dan Cooper |Tom Browne |Ben Hammond
The Financial Ombudsman Service (FOS) has said it expects to resolve 270,000 cases in 2025/26 – a 20% increase compared to the previous year. The organisation, which provides an impartial dispute resolution service and is free for consumers, said this commitment comes despite recent surges in complaints. Almost half of these are related to the motor finance commission scandal. The FOS said this “exceptional demand” strains resources and “underlines the need for reform around mass redress”.
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2 months ago | 
moneymarketing.co.uk | Simon Collins |Kimberley Dondo |Ben Hammond
In my last article, I commented on the increased level of supervisory activity being undertaken by the Financial Conduct Authority in the retail sector. With the recent publication of the ongoing financial advice services paper and the review on customer vulnerability to name but two, the level of activity shows no sign of slowing down. However, some of the recent comments by senior FCA individuals indicate a change in the rhetoric.
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2 months ago | 
moneymarketing.co.uk | Ben Hammond |Mariam Pourshoushtari |Darius McQuaid |Kimberley Dondo
The financial advice sector is awash with discussions about the use of artificial intelligence (AI). It’s a hot topic, with OpenAI, Google and Elon Musk all constantly making headlines – and not just for AI-related reasons. But beyond the hype, AI has become an essential tool for advisers, platforms, investment managers and providers. The Lang Cat’s recent State of the Advice Nation (SOTAN) report revealed that most professionals no longer see AI as a threat but are embracing it more than ever.
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Oct 23, 2024 | 
thelangcat.co.uk | Ben Hammond
Afternoon. Ben here, having not done that thing you always made sure to do at school which is making sure you were physically sitting on your hands when the teacher asked for a volunteer. More fool me. But it’s fine, as I quite like writing the TCWU, if only to subject Mark and Mike to my deliberately contentious (in their minds) music choices. More on that later. Plus, I promise not to mention mince pies as I did around this time 12 months ago. I’ve only had a couple so far…oh.
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Aug 28, 2024 | 
thelangcat.co.uk | Ben Hammond
Hello everyone, happy end of August. It’s been a while, and I suspect this might be due to a) my ‘eclectic’ music taste, or b) mince pie-gate; or maybe both. But either way, everyone else is busy rehearsing in a basement in the West Country (Consumer Duty are going on the road, it seems) or writing a couple of spiffing new reports we’re working on with such vigour that they need to get onto Amazon to order a new keyboard as sparks are coming out of the old one. So you get me, but in a nice way.
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Mar 14, 2024 | 
moneymarketing.co.uk | Momodou Musa Touray |Ben Hammond
Fintech business Twenty7Tec has said it is “actively” on the hunt for potential firms to buy, as the process of obtaining private equity investment nears conclusion. It confirmed last month that it is in the later stages of discussion with a private equity investor interested in acquiring a stake in the business.
