Julian Bovill

1 week ago | citywire.com | Julian Bovill

There has been a rise in advisers selling a portion of their client bank in ‘carve out’ deals as consumer duty beds in. These transactions see financial planners sell the low-asset section of their client bank which is unprofitable for them to serve. With consumer duty placing a higher bar on service and value for money, financial planners may find it difficult to charge their normal ongoing advice fees to clients with small assets.

1 week ago | citywire.com | Julian Bovill

Fidelius has signed an introducer agreement with the British Medical Association (BMA) that will see the union’s 200,000 members offered advice. Under the agreement, the BMA will refer its doctor members to Fidelius Medical, which specialises in providing advice on NHS pensions, and Fidelius Evolve, a service aimed at clients in accumulation.

1 week ago | citywire.com | Julian Bovill

The CEO of national advice business Jonathan Polin has questioned the future of small IFAs, predicting that bigger players will dominate the advice market. In a report from platform tech provider SS&C, entitled, ‘The Race to 2030: How financial advice firms will win’, Polin said in the next five years banks and insurers will come back into the advice market at the expense of smaller firms. ‘I think you will find that there will be bigger players come to the market.

2 weeks ago | citywire.com | Julian Bovill

St James’s Place (SJP) head of investment specialists Dr Sarah Ruggins has broken the world record for the shortest amount of time taken to cycle from one end of the UK to the other and back again. Ruggins cycled from John O’Groats to Lands End and back again in 5 days, 11 hours and 14 minutes, raising money for The Bike Project and Bikes for Refugees.

2 weeks ago | citywire.com | Julian Bovill

Advisers hope Saturn AI’s deal to buy compliance consultancy Ateb is another step towards removing the tedium of repetitive suitability reports. With 300 firms and 1,000 advisers signed up for its transcription service, Saturn is an early AI frontrunner in the advice sector. The advisers who use the service believe the acquisition of Ateb will pave the way to an end for the kinds of reports that that can get in the way of delivering financial planning to clients. Already have an account?