-
1 month ago | 
moneymarketing.co.uk | Brian Byrnes |Ben Kumar |Jamie Jenkins |Dan Cooper
As humans, we naturally seek longevity. This can be seen by our fascination with the world’s ‘blue zones’, regions where it’s believed people enjoy long, healthy lives. While the original research into ‘blue zones’ has been questioned, the underlying philosophy that early habits profoundly impact long-term well-being holds true.
-
1 month ago | 
moneymarketing.co.uk | Darius McQuaid |Momodou Musa Touray |Jamie Jenkins
Only 40% of vulnerable customers disclose their needs to their financial services provider, according to the Financial Conduct Authority. However, the ones that do open up tend to have better experiences. The FCA found that 74% of vulnerable customers who told their firm about their circumstances said staff asked the right questions to understand their situation. Over half (57%) said their firm ‘cared’, while 58% said it took action to provide support they needed.
-
1 month ago | 
moneymarketing.co.uk | Momodou Musa Touray |Darius McQuaid |Simon Fitzpatrick |Jamie Jenkins
Martyn Beauchamp has been appointed as chief executive of the Financial Services Compensation Scheme (FSCS). Beauchamp has been interim CEO of the FSCS since October 2023. During this time, he has successfully overseen the FSCS’s transition to a new operating model. Prior to this, he worked in financial services for over twenty years.
-
1 month ago | 
moneymarketing.co.uk | Verona Kenny |Jamie Jenkins |Matthew Connell |Kimberley Dondo
As International Women’s Day comes around, much of the conversation rightly focuses on the gender wealth gap. This also includes the fact that fewer women than men are seeking financial advice, although not always by as much as you might think (I’ll come on to that). The gender pensions gap is stubbornly wide, even across younger generations and in spite of over ten years of auto-enrolment. Assumptions about women are seemingly hard wired into the jobs market.
-
1 month ago | 
moneymarketing.co.uk | Momodou Musa Touray |Jamie Jenkins |Darius McQuaid
The Financial Conduct Authority has issued a lifetime ban to two former Credit Suisse executives after their corruption convictions in the US. Andrew Pearse and Surjan Singh have been banned from the UK financial services industry for “lacking integrity”. The duo was convicted in a US court for arranging corrupt loans to the Republic of Mozambique.
-
1 month ago | 
moneymarketing.co.uk | Momodou Musa Touray |Darius McQuaid |Jamie Jenkins |Nita Patel
A man has been jailed for four years for illegally operating a crypto ATM network worth over £2.5m. Olumide Osunkoya, 46, was sentenced on Friday (28 February) at Southwark Crown Court. Osunkoya pleaded guilty to five charges, including money laundering, at an earlier hearing in September. He is the first person to be prosecuted for illegally operating crypto ATMs in the UK.
-
1 month ago | 
moneymarketing.co.uk | Jamie Jenkins |Darius McQuaid |Matthew Connell
The Financial Conduct Authority has officially removed the requirement for firms to appoint a Consumer Duty board champion. In an update published yesterday (27 February), the regulator said that, from that date, it no longer expects firms to have a Duty champion, although “they can retain the role should they wish to do so”.
-
Jan 8, 2025 | 
moneymarketing.co.uk | Ian McKenna |ian mckenna |David W Coombs |Fiona Tait |Jamie Jenkins
New legislation, rapidly progressing through parliament, is destined to have a major impact on the advice market. This should be excellent news for advisers and clients. That said, it looks likely to present significant challenges to providers of all shapes and sizes and may also have unexpected consequences for adviser and adviser tech firms. When parliament was dissolved before the July election, the Data Protection and Digital Information No 2 Bill did not make it on to the statute book.
-
Nov 7, 2024 | 
managedhealthcareexecutive.com | Jamie Jenkins
The release of the 2025 Medicare Advantage (MA) Star Ratings in October saw results trending downward for the third year in a row. Approximately 32% of plans saw a decrease in their rating, while 29% saw an increase. This downward trend, though not precipitous, is still cause for some concern. Of the 42 measures that the Centers for Medicare & Medicaid Services (CMS) uses to calculate Star Ratings, MA plans need to pay particular attention to those that are assigned greater weight.
-
Jul 31, 2024 | 
moneymarketing.co.uk | Annalise Toberman |Dan Cooper |Ros Altmann |Jamie Jenkins
Third-party model portfolio services (MPS) on adviser platforms have continued to exercise huge pull, with market growth of 17% in 2023, according to our estimate at Platforum. To put that into context, the average investment performance for wealth managers’ balanced portfolios is 10%. What’s more, 2023 was a year in which investment products had to compete with some seriously appealing cash savings rates for the first time since the 2008 financial crisis. So, 17% is indeed an impressive feat.
