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2 weeks ago | 
citywire.com | Greg Neall |Julian Bovill |Joe Stonor
Independent Wealth Planners (IWP) chief executive Rob Allen is leaving the advice consolidator at the end of the month.
Allen, who joined IWP in 2022, is joining offshore investment firm International Financial Group Limited (IFGL), where he will replace David Kneeshaw as CEO on 1 May.
IWP is in the process of being acquired by rival consolidator Titan Wealth, which announced its deal at the end of last year. However, planners were told last month that the deal may not complete until the summer.
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2 months ago | 
citywire.com | Jack Gilbert |Greg Neall |Michelle McGagh |Himanshu Singh
I recently turned 50. At my age, I don’t get excited about much, particularly birthdays, but this year was different. I wanted to do something special, so last month I flew to Ivalo in Lapland to spend 10 days learning how to survive inside the Arctic Circle. Wearing my oversized ski boots and ex-Swedish Army overcoat, I got some funny looks, but my fellow students spotted me easily as another one of Ray Mears’ candidates for getting serious frostbite.
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2 months ago | 
citywire.com | Greg Neall |Jack Gilbert |Michelle McGagh |Himanshu Singh
It has been almost 25 years since Transact launched for advisers in the UK.
Over that time its new CEO Tom Dunbar (pictured above, right), who takes over on 1 March, has been competing in a very different game.
Dunbar has competed in the last 24 Kinnaird Cups – the biggest competition for the handball sport Eton Fives. Work email Password First Name Last Name Do you personally advise on or manage investments for clients?
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2 months ago | 
moneymarketing.co.uk | Tom Browne |Greg Neall |Majid Hussain |Steven D. Levin
Nearly 20,000 financial promotions were withdrawn or amended in 2024 following intervention by the Financial Conduct Authority (FCA). This was almost double the number from the previous year. The FCA raised concerns over promotions related to cryptoassets, debt solutions and claims management companies (CMCs). A significant number of withdrawn promotions (9,197 in total) were linked to CMCs, many involving housing disrepair and motor-finance claims targeting vulnerable consumers.
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2 months ago | 
moneymarketing.co.uk | Darius McQuaid |Greg Neall
The Financial Conduct Authority has said it is progressing all three of its advice-guidance boundary review proposals “at pace”. FCA head of consumer investments, market analysis and policy Sara Woodroffe said: “We are now working towards consultations on targeted support for pensions and retail investments in the first half of the year.
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2 months ago | 
moneymarketing.co.uk | Dan Cooper |Greg Neall |Nick Eatock |Nita Patel
It was all going so swimmingly for the ‘big tech’ stocks, wasn’t it? That was until Monday when, out of the blue, something came along that had traders trembling and artificial-intelligence investors both irked and intrigued. The news that Chinese start-up DeepSeek had created a generative AI chatbot similar to ChatGPT – but for a fraction of the cost – sent shockwaves through the market. Some have disputed its claim that it managed to produce it for $6m.
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2 months ago | 
moneymarketing.co.uk | Nick Eatock |Dan Cooper |Greg Neall
When intelliflo recently asked advice firms for their views on artificial intelligence (AI) and how it might impact their business, 72% thought integrating it in advice delivery was important, while just 7% expected it to negatively affect the profession. Nearly half (46%) are already using, or plan to use, AI in some form. However, a resounding 95% feel they don’t have the required skillset within their firm to fully harness the power of AI.
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Jan 24, 2025 | 
moneymarketing.co.uk | Greg Neall |Claire Trott |Alan Lakey |Darius McQuaid
I worked in robo-advice for 10 years. In 2016, we had a publicly available website where a retiree could get an automated recommendation on whether to buy an annuity or take a FAD. In 2019, I was giving defined benefit transfer advice based on a machine-learning algorithm. Five years on, both these systems are either dead or barely used, yet I seem to be surrounded by people telling me that technology is going to revolutionise the advice industry. Really? I see the advice gap widening, not closing.
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Nov 15, 2024 | 
moneymarketing.co.uk | Dan Cooper |Greg Neall |Nick Eatock
Good morning and welcome to your Morning Briefing for Friday 15 November 2024. To get this in your inbox every morning click here. Cutting financial services ‘red tape’Chancellor Rachel Reeves used her maiden Mansion House speech to announce a package of reforms aimed at driving competition across financial services. During last night’s speech (14 November), Reeves argued that regulatory changes have “gone too far” since the 2008 economic crisis.
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Nov 7, 2024 | 
moneymarketing.co.uk | Dan Cooper |Greg Neall |Kimberley Dondo |Momodou Musa Touray
The Chartered Insurance Institute (CII) has announced that seven insurance and financial planning firms have achieved Chartered status over September and October. Firms that gained Chartered status are; Augustine Limited; Avoca Wealth Management Ltd; Better Financial Planning; Park Insurance Ltd; Sedulo Wealth Management; SGM Financial Management Ltd; and Suttons Independent Financial Advisors Ltd.
