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Jan 16, 2025 | 
moneymarketing.co.uk | Dan Cooper |Momodou Musa Touray |Haydn Barlow
Scottish Widows Platform has maintained its ‘A’ rating, the highest awarded for financial strength, from financial analytics firm AKG. Scottish Widows has also maintained its AKG ‘A’ rating at an overall provider level. Financial strength focuses on the ability of a company to deliver ongoing operational capability in the interest of its customers and in line with their expectations.
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Jan 10, 2025 | 
moneymarketing.co.uk | Haydn Barlow |Sam Brodbeck
The Organisation for Economic Co-operation and Development recently warned the UK government needs to take “significant action” to stabilise public finances. This stark assessment has reignited concerns about the future of pensions and retirement planning for Brits. While pension reform has long been on the agenda – with ongoing discussions about one day removing the triple lock and implementing other changes – many are already worried about their financial security in old age.
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Apr 5, 2024 | 
moneymarketing.co.uk | Martin Tilley |Noel Butwell |Haydn Barlow |Yasmina Siadatan
As anyone knows reading this, I am passionate about the self invested market and, in particular, small self-administered schemes (SSAS). It has been my focus for pretty much all my career. When they were introduced back in 1973, I don’t think anyone would have foreseen their popularity and success. Perhaps we should have done, as they provided much-needed flexibility, control, investment options and tax advantages for small businesses, entrepreneurs and company directors.
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Apr 5, 2024 | 
moneymarketing.co.uk | Momodou Musa Touray |Haydn Barlow |Noel Butwell
Good morning and welcome to your Morning Briefing for Friday 5 April 2024. To get this in your inbox every morning click here. HMRC urges delay ahead of LTA abolitionHM Revenue and Customs has urged some clients to delay benefits or transferring until it can fix incorrect legislation ahead of the abolition of the pension lifetime allowance (LTA) on 6 April. HMRC made the call in a newsletter issued late last night, two days before the LTA abolition comes into force.
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Apr 5, 2024 | 
moneymarketing.co.uk | Nick Blake |Haydn Barlow |Nick Henshaw |Andy Curran
Financial Conduct Authority chief executive Nikhil Rathi recently gave a speech repeating the main points in its advice guidance boundary review paper (DP23/5). In essence, that too few people seek advice and are in danger of poor outcomes. He repeated that more needs to be done to support clients who, among other things, unwittingly hold too much in cash, stay in poor or unsuitable funds or products and are adopting unsustainable withdrawal rates. But who needs to do more?
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Apr 4, 2024 | 
moneymarketing.co.uk | Dan Cooper |Darius McQuaid |Haydn Barlow |Tom Browne
Good morning and welcome to your Morning Briefing for Thursday 4 April 2024. To get this in your inbox every morning click here. FOS increases case predictionThe Financial Ombudsman Service (FOS) has revised its figure of complaints it expects to see during 2024/25 from 181,300 to 210,000. It said this is due to several factors, such as everyday financial concerns like unaffordable lending, credit card complaints and fraud and scams.
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Apr 3, 2024 | 
moneymarketing.co.uk | Shelley McCarthy |Haydn Barlow
Financial planning can be life changing, there is no doubt about that. This is evidenced all over the industry, with real examples from real clients. The strategic nature of financial planning means we get to deep dive into the lives of our clients, their dreams and aspirations. Questions we ask on a regular basis include, “What do you want your money to do?” If the answer comes back along the lines of, “I want my money to grow in value,” then we know we have a lot of work to do.
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Apr 2, 2024 | 
moneymarketing.co.uk | Tom Browne |Barrie Dawson |Haydn Barlow
Good morning and welcome to your Morning Briefing for Tuesday 2 April 2024. To get this in your inbox every morning click here. Financial advice is “a vocation and a career”, says Quilter’s Kim McCrakenFinancial advice is “a vocation, a career and something you can build on for your entire professional journey”, according to Kim McCraken, head of recruitment at Quilter Academy.
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Apr 2, 2024 | 
moneymarketing.co.uk | Mark Dampier |Haydn Barlow
Parts of the asset management industry are going through the most painful patch they have ever seen. I say ‘patch’ but I think we are actually witnessing huge secular change. Just look at some of the share prices of UK asset managers – Jupiter, Miton, Aberdeen and Liontrust, even bigger companies like Schroders aren’t immune. Part of this has been down to the ongoing unpopularity of UK PLC, with investors deserting it for overseas climes.
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Mar 27, 2024 | 
moneymarketing.co.uk | Haydn Barlow
Platform One has hired Richard Valentine to lead its pension business ahead of the launch of the company’s white-label and on-platform pension offering. Valentine, who will be the company’s head of pensions, arrives at the platform, technology, and services provider with a wealth of experience. In the past few years he has been interim chief executive of Sovereign Pensions and, prior to that, group financial crime manager at Benchmark Capital Group.
