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Oct 27, 2024 | 
cityam.com | Charlotte Wightwick
Sunday 27 October 2024 5:25 am | Updated: Thursday 24 October 2024 12:16 pm A Budget for stability must mean less is more Chancellor Rachel Reeves As it prepares for its first Budget, it’s critical the government considers something important but quite dull: practicality If you’d attended the government’s International Investment Summit last week and your bingo card had the words ‘regulation’, ‘stability’ and ‘growth’ on it, you’d have been over the moon. Yes, both the Prime Minister and...
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Sep 6, 2024 | 
citywire.com | Nicola Blackburn |Victoria Bell |Jack Gilbert |Charlotte Wightwick
NMA Investor is the new home of content for advice firms that build their own portfolios, whether they use active or passive funds. In this piece, we speak to Charlie Lloyd, head of investments at Skerritts, about the firm’s switch from advisory portfolios to OEICs, the fund selection process, and why Skerritts is investing in more ETFs.
Consolidator Skerritts has overhauled its investment proposition as the advice firm gears up for ambitious growth around the UK.
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Sep 5, 2024 | 
citywire.com | Victoria Bell |Nicola Blackburn |Jack Gilbert |Charlotte Wightwick
Citywire New Model Adviser Top 100 firm Paradigm Norton has appointed Philippa Hann as its new CEO to succeed Barry Horner.
Hann, whose professional background is in law rather than financial planning, will take over the reins next April.
Her appointment was part of the Bristol-based advice firm’s CEO succession plan as Horner approaches retirement and followed an extensive review.
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Sep 3, 2024 | 
citywire.com | Himanshu Singh |Julian Bovill |Nicola Blackburn |Charlotte Wightwick
Aviva’s national advice group Succession Wealth was hit with costs of £792,000 after its cyber-attack in 2023.
The attack, which compromised advisers and clients’ personal data, forced both Succession and Aviva’s CEO to apologise at the time.
In its 2023 financial statements, Succession said the cyberattack led to costs of £792,000 – although it did not provide further details.
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Aug 30, 2024 | 
citywire.com | Victoria Bell |Phil Young |Nicola Blackburn |Charlotte Wightwick
It’s estimated that Taylor Swift’s recent Eras tour added almost £1bn to UK spending in 2024. The astonishing projection came from Barclays Bank who estimated each fan would spend an average of £848 per head on tickets, travel, accommodation and outfits.
The Oasis reunion is already expected to sell out instantly and bring in a sizeable chunk of revenue to the UK economy as well as the Gallagher brothers. But will they get close to Swiftie’s £1bn?
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Aug 30, 2024 | 
citywire.com | John Schaffer |Victoria Bell |Nicola Blackburn |Charlotte Wightwick
The FCA has told platform technology provider SEI to carry out a section 166 review of its UK business, according to people familiar with matter.
Grant Thornton has been appointed to carry out the review, one source told Citywire.
They added that the review has been in place since June in a project dubbed internally as Project Starboard.
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Aug 30, 2024 | 
citywire.com | Nicola Blackburn |Charles Walmsley |Himanshu Singh |Charlotte Wightwick
A £40m takeover of Sipp provider STM Group has been given a third deadline extension, as the company’s new owners continue to wait for change of control approvals from the Gibraltar and Malta financial regulators.
The AIM-listed company’s board accepted a bid from Pension SuperFund Capital, a company set up by private equity veteran Edmund Truell, last October.
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Aug 29, 2024 | 
citywire.com | Michelle McGagh |Victoria Bell |Jeremy Gordon |Charlotte Wightwick
White-label provider Platform One is looking to win business from consolidators with a direct-to-consumer (D2C) proposition.
The offering, which was launched to a small number of clients in early June, allows firms to put their names on an execution only platform.
The D2C service works in the same way as Platform One’s adviser wrap model, with a basis point charge on the assets levied on investments.
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Aug 28, 2024 | 
citywire.com | Victoria Bell |Jamie Colvin |Charlotte Wightwick
FNZ founder Adrian Durham has stepped down as group CEO, with former JP Morgan executive Blythe Masters appointed to take over the role, Citywire New Model Adviser can reveal.
Masters is a founding partner of Motive Partners, one of FNZ’s private equity backers.
Her appointment was accompanied by news that FNZ’s existing institutional shareholders, including Motive Partners and fellow private equity investor CPP Investments, have committed $1bn (£754.6m) of capital to support its growth plans.
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Aug 28, 2024 | 
citywire.com | Victoria Bell |Michelle McGagh |Nicola Blackburn |Charlotte Wightwick
The FTSE 100 held its gains this morning as falls across miners offset gains from Prudential (PRU), which reiterated its full-year guidance despite sluggish interim results. London’s blue-chip index traded sideways at 8,342 as miners were knocked by Brent crude tumbling 0.7% to $79 a barrel, with concerns about production in Libya knocking recent gains.
