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2 months ago | 
moneymarketing.co.uk | Momodou Musa Touray |Paul Harper |Emmelia Powell
The Financial Conduct Authority is launching a survey into how it regulates the financial-services sector. The annual survey will be sent to regulated firms, asking them to share their feedback on the work of the regulator. In a statement today (30 January), the FCA said that for the first time the survey will be sent out to all regulated firms, allowing it to capture an even wider range of response.
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2 months ago | 
moneymarketing.co.uk | Dan Cooper |Momodou Musa Touray |Emmelia Powell |Darius McQuaid
Pensions experts have largely welcomed new proposals from the government to allow surplus funds in DB schemes to be invested in the wider economy. It intends to allow part of a DB fund surplus to be returned to the employer for them to invest in their core business, or bolster pension scheme members’ benefits. However, Rachel Vahey – head of public policy at AJ Bell – said in doing so, the government is “encouraging trustees to take risks with other people’s money”.
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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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Jan 23, 2025 | 
moneymarketing.co.uk | Paul Harper |Momodou Musa Touray |Emmelia Powell
This is a question that many directors of financial planning firms are asking at present. Inevitably, with raised interest rates, the cost of capital has risen and many of the private equity (PE) and family office-backed buy-and-build firms are under pressure. We can also see the pressure bancassurers face, with Nationwide having passed its financial-advice business to Aegon and Santander announcing significant job cuts. Advisers across the profession are becoming less, not more, productive.
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Jan 21, 2025 | 
moneymarketing.co.uk | Dan Cooper |Kimberley Dondo |Darius McQuaid |Emmelia Powell
The Personal Finance Society (PFS) has today (22 January) published a new Good Practice Guide for advisers about economic abuse and life insurance. The guide is aimed at advisers looking to refresh their knowledge and understanding of how to support clients who may be experiencing abuse. It looks at how firms and advisers can use their expertise in finance to close opportunities for abusers to exploit financial products.
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Jan 21, 2025 | 
moneymarketing.co.uk | Ed Dymott |Dan Cooper |Emmelia Powell |Kimberley Dondo
Artificial Intelligence (AI) is set to transform financial planning over the next 3-5 years. It will automate manual processes, efficiently converting tasks that currently take hours into minutes, reduce compliance burden and improve the quality of advice. The impacts of AI extend far beyond financial planning and it will find its way into pretty much every walk of life. It already is.
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Jan 20, 2025 | 
moneymarketing.co.uk | Emmelia Powell |Simon Collins |Momodou Musa Touray |Darius McQuaid
I have been using different AI tools for serval months. There are so many tools for different functions; market research, brand monitoring, design creation, concept creations… the list goes on. From creating documents, summarising written text, scripting social posts and designing business workflow efficiencies, the use of AI is really becoming key for my role. I see AI becoming a threat to the traditional ‘google search’, and instead a move to a more comprehensive, personalised search function.
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Nov 20, 2024 | 
moneymarketing.co.uk | Matthew Connell |Momodou Musa Touray |Emmelia Powell
We all know that two of the Financial Conduct Authority’s big themes are outcomes-based supervision and understanding the market through the lens of behavioural biases. But what does this mean in practice? In October, the FCA closed its window for comments on the pure protection review, covering a diverse range of products from income protection to guaranteed over-50s insurance.
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Nov 15, 2024 | 
moneymarketing.co.uk | Emmelia Powell |Momodou Musa Touray |Steve Conley
For over a decade, Michael Bublé faced relentless setbacks, yet his unwavering belief in his music drove him to raise $500,000 for his debut album after producers hesitated to market his unique style. Dreaming of stardom since age two, he finally broke into the international scene at 28. Since then, Bublé has sold over 75 million records worldwide and won numerous awards, including five Grammys.
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Sep 6, 2024 | 
moneymarketing.co.uk | Momodou Musa Touray |Emmelia Powell
Good morning and welcome to your Morning Briefing for Friday 6 September 2024. To get this in your inbox every morning click here. Abrdn overhauls fixed income team Abrdn has overhauled its fixed income team following the departure of Craig MacDonald. MacDonald, who is global head of fixed income, is leaving the business after 22 years to pursue postgraduate studies in Philosophy. However, he will continue to work as a senior adviser well into next year to ensure a “smooth transition”.
