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1 week ago | 
moneymarketing.co.uk | Momodou Musa Touray |Faith Liversedge |Kimberley Dondo
Sales of new income protection policies soared by 18% in 2024, marking a standout year for the protection product, according to Swiss Re’s latest Term & Health Watch report. The report, produced in conjunction with iPipeline, shows that while overall new long-term individual protection sales increased by a modest 2.2%, income protection significantly outpaced the rest of the market.
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2 weeks ago | 
moneymarketing.co.uk | Dan Cooper |Faith Liversedge |Lyndon White
L&G’s group protection business has announced upgrades to its critical illness cover (CIC). This includes the addition of new conditions which the provider says is making it easier for intermediaries to compare against the options available for their clients. The changes also reflect advances in medical diagnoses and will support an improved experience for employers and their employees and policy administration.
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2 weeks ago | 
moneymarketing.co.uk | Tom Browne |Adam Norris |Faith Liversedge |Darius McQuaid
Embedded investment platform Seccl is gearing up for major expansion following further investment from Octopus and changes to its leadership team. Chief executive David Ferguson is stepping into the newly created full-time role of executive chairman, where he will focus on Seccl’s long-term strategy, vision and international growth plans. The move comes amid a wave of recent client wins and a strong pipeline of opportunities across the retail wealth sector in the UK and overseas.
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3 weeks ago | 
moneymarketing.co.uk | Dan Cooper |Momodou Musa Touray |Darius McQuaid |Faith Liversedge
Less than 9% of the UK population received financial advice last year, new data from the Financial Conduct Authority has revealed. The FCA’s Financial Lives survey, published today (16 May), showed only 8.6% of people sought advice on investments, pensions or retirement planning in the previous 12 months. Meanwhile, 17% had used government-backed guidance services such as MoneyHelper over the same period – showing many more could benefit from guidance and support.
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3 weeks ago | 
moneymarketing.co.uk | Darius McQuaid |Faith Liversedge |Momodou Musa Touray |Salome Asabre
Brooks Macdonald has announced the appointment of Karen Charlery as chief operating officer (COO) effective from 23 June. She replaces Gavin Neilson, who has been interim COO since August 2024. Charlery brings over 20 years of experience in the financial services sector and was most recently deputy COO and EMEA head of regulatory change at BlackRock. Brooks Macdonald CEO Andrea Montague said: “I am delighted to welcome Karen to Brooks Macdonald and to my Executive Committee.
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3 weeks ago | 
moneymarketing.co.uk | Faith Liversedge |Kimberley Dondo
As humans, we do not like to be deceived. Being lied to makes us feel weak and gullible, and hurts our egos. The sheer number of words we have for this feeling – hoodwinked, fooled, suckered, scammed, tricked – shows just how deeply this fear is etched into our collective psyche. So much so that many of us will remember when it’s happened – whether to ourselves or in popular culture. Do you remember Milli Vanilli? Younger readers may think I mean the London bakery.
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Feb 17, 2025 | 
moneymarketing.co.uk | Amanda Newman Smith |Darius McQuaid |Faith Liversedge
There are clear benefits to writing life policies in trust. Clients can specify who they want to receive the payout, which is particularly useful for cohabiting couples who do not have the same legal rights as married couples. Payouts will fall outside a client’s estate for inheritance tax purposes if a policy is written in trust.
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Feb 17, 2025 | 
moneymarketing.co.uk | Tom Browne |Faith Liversedge |Darius McQuaid |Greg Moss
Hymans Robertson has announced the appointment of Kathryn Fleming as head of DC Consulting, effective from April 2025. She will lead the firm’s Defined Contribution (DC) consulting team, helping clients navigate the evolving pensions landscape and drive innovation to improve outcomes for UK savers. Fleming takes over from Mark Jaffray, who will now focus on strategic investment advice and innovation.
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Feb 14, 2025 | 
moneymarketing.co.uk | Kimberley Dondo |Faith Liversedge |Greg Moss
Money Marketing’s Weekly Must-Reads: Top 10 StoriesThis week’s top stories: Mark Dampier questions whether private pensions are on their last legs, while the Chancellor’s inheritance tax plans for pensions come under fire. Plus, the latest industry news you need to know. Mark Dampier: Is this the final nail in the coffin for private pensions? Mark Dampier reflected on how pensions have evolved, from the unregulated ‘Wild West’ of the 1980s to today’s complex system.
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Feb 11, 2025 | 
moneymarketing.co.uk | Dan Cooper |Momodou Musa Touray |Faith Liversedge
Fintel has announced it will change to a single CEO model later this year. Joint chief executive officer Neil Stevens will step aside from 30 June and will not stand for re-appointment to the board of directors at the company’s AGM. In the interim period he will continue with his current role. Following the AGM on 20 May, Matt Timmins will take sole responsibility as CEO. Going forward, he will be supported by chief financial officer David Thompson, alongside the executive directors of Fintel.
