-
1 week ago | 
professionaladviser.com | Isabel Baxter
‘The number of models they’re running can absolutely run away from them’ There is a “real danger” of some managed portfolio service (MPS) providers who are running too many models, Evelyn Partners Index MPS portfolio manager Dan Caps tells Professional Adviser.
-
1 week ago | 
professionaladviser.com | Isabel Baxter
The platform builds on Wesleyan's long-term existing relationship with SS&C, which has served as the fund transfer agent for the Wesleyan Unit Trust Managers range of funds for over 20 years. Wesleyan said it selected SS&C Hubwise to deliver the new platform after a "competitive tender process", which should broaden the range of investment and retirement products available to Wesleyan's financial advisers and their clients.
-
1 week ago | 
professionaladviser.com | Isabel Baxter
The Pegasus MPS range, managed by SEI, seeks to "strengthen Prosperity's central investment proposition and client experience through a scalable, cost-effective, and tailored investment framework". "Standard in-house propositions can become complex and inefficient as businesses evolve, requiring teams to spend more time reactively adapting processes and researching and managing investment changes," Prosperity noted.
-
1 week ago | 
professionaladviser.com | Isabel Baxter
Succeeds current investor Sovereign Capital Partners Advice firm Shackleton has entered into a definitive agreement for a majority investment from private equity (PE) firm Lee Equity Partners, subject to regulatory approval.
-
1 week ago | 
professionaladviser.com | Isabel Baxter
Industry seeing most providers charging 10bps, Evelyn Partners says A “really low-cost” managed portfolio solution (MPS) can end up being “neither profitable or sustainable”, Evelyn Partners head of asset allocation Kate Morrissey has said.
-
1 week ago | 
professionaladviser.com | Isabel Baxter
Adviser/ CRM system relationships ‘under serious strain’, Twenty7tec finds Most (69%) of advisers are ready to break up with their client relationship management (CRM) systems, Twenty7tec research has found.
-
1 week ago | 
professionaladviser.com | Isabel Baxter
‘The regulator caused it, they should fix it’ The current advice gap has been called “not an adviser problem” and instead is a result of “poor regulation”, a Professional Adviser survey has revealed.
-
1 week ago | 
professionaladviser.com | Isabel Baxter
In the Autumn Budget 2024, the chancellor said that IHT thresholds would remain frozen until 2030, with pension wealth no longer exempt from IHT from April 2027. As such, it is estimated that the proportion of estates facing an IHT bill will almost double by 2030, according to The Office for Budget Responsibility.
-
1 week ago | 
professionaladviser.com | Isabel Baxter
It is no secret that people are currently not saving enough in their pension, The Financial Conduct Authority's latest Financial Lives Survey of nearly 18,000 UK adults flagged. It found that many people feel unprepared for retirement, with 22% of non-retirees saying they do not understand their options and 31% admitting they had not thought about how they would manage financially in retirement.
-
1 week ago | 
covermagazine.co.uk | Isabel Baxter
The firm's research amongst 1,500 people aged between 20-50 earning from under £15,000 to nearly £100,000 in different occupations and regions across the UK found that 53% would be interested in a digital alternative, with 64% believing personalised digital financial advice would eventually become the norm. Meanwhile, the Financial Conduct Authority recently found that just under one in 10 people pay for advice in the UK.
