Julian Bovill

3 weeks ago | citywire.com | Julian Bovill

Petronella West, the CEO of NMA Top 100 advice firm Investment Quorum, has done extensive charity work for Sierra Leone over the past 17 years. First visiting the country in 2008, the boss of the London advice firm has immersed herself in the nation; culturally but also engaging in a number of projects that have sought to help some of the planet’s least-fortunate individuals. ‘They say, “we are the country God forgot,” she told Citywire New Model Adviser. Already have an account?

4 weeks ago | citywire.com | Julian Bovill

Two advisers who oversaw 1,470 pension transfers worth £392m have had their bans and financial penalties upheld. Toni Fox and David Brian Price, the co-directors of CFP Management Ltd, advised on a substantial number of defined benefit pension transfers, incuding for members of the British Steel Pension Scheme, between 2015 and 2017. The FCA subsequently found they ‘oversaw a flawed business model’ geared towards ensuring transfers occurred. Already have an account?

1 month 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 month 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 month 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.