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Jul 30, 2024 | 
moneymarketing.co.uk | Dan Cooper |Martin Tilley |Kevin Carr |Ros Altmann
Signatory pension firms are making good progress on ambitions to increase investment in unlisted equities, according to an update published by the ABI. The update shows firms have laid strong foundations needed to implement the ambition of DC default funds allocating 5% to unlisted equity by 2030. This follows last year’s Mansion House Compact, which aims to secure better financial outcomes for defined contribution (DC) savers.
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Jul 30, 2024 | 
moneymarketing.co.uk | Victoria Ross |Martin Tilley
I was recently involved in a lively debate with a couple of male friends with whom I’ve played chess in the past. The discussion hinged on the fact the Women’s Chess Commission is trying to encourage more female players and one element of this is a series of worldwide all-women chess events. My friends held the view that gender-specific games were divisive and, if women wanted a footing as equal competitors in the chess arena, they needed to learn to play within mixed competition.
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Jul 26, 2024 | 
moneymarketing.co.uk | Momodou Musa Touray |Ed Dymott |Martin Tilley
Good morning and welcome to your Morning Briefing for Friday 26 July 2024. To get this in your inbox every morning click here. Consumer Duty’s biggest wins one year onWhen firms engaged with implementing Consumer Duty, they discovered regulation focused on ensuring good outcomes for consumers – something we can all get behind. But beyond the worthy aims, the process of implementing these changes has reinvigorated the sector and supported a new level of professionalism.
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Jul 24, 2024 | 
moneymarketing.co.uk | Martin Tilley |Ros Altmann |Paul Morrish |Momodou Musa Touray
Several years ago, at the height of the Financial Conduct Authority’s review of Sipp governance, I ran a poll among advisers and Sipp providers, challenging each to place in order of importance the factors they considered relevant when selecting a Sipp provider. The results showed quite a divergence. Top of the advisers’ lists were costs and ease of administration, whereas topping the providers’ lists were capital adequacy coverage and due diligence processes on investment acceptance.
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Apr 11, 2024 | 
moneymarketing.co.uk | Alistair Cunningham |Dan Cooper |Martin Tilley
I have always been of the opinion the financial planning firm that does not grow is doomed to wither and die. I have written before about how I believe in restricting the number of clients each adviser deals with, so the challenge is not attracting new clients but attracting talent to serve them. Dealing with at-retirement clients with needs typically above average complexity means we tend to prefer advisers with experience and qualifications.
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Apr 10, 2024 | 
moneymarketing.co.uk | Shelley McCarthy |Nick Blake |Martin Tilley
Vanguard has appointed Jon Cleborne as head of Europe, succeeding Sean Hagerty who has led the business since 2016. Cleborne currently serves as head of Vanguard’s Personal Investor advice service in the US, leading US direct-to-consumer investment advisory and financial planning offers. He joined Vanguard in 2003 and has held various senior leadership roles serving financial advisers and individual investors.
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Apr 9, 2024 | 
moneymarketing.co.uk | Jess Franks |Andrew Tully |Martin Tilley |Noel Butwell
Advisers can add tremendous value by coaching a client through an uncertain time. We are familiar with this in terms of personal uncertainty, perhaps around a client’s health, or economic, such as an unexpected shock to markets. Coaching a client through these situations to make sure they don’t delay important decisions or make poor choices is key. The same should be true of advice in the run up to a potential change in government.
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Apr 8, 2024 | 
moneymarketing.co.uk | Tony Wickenden |Nick Henshaw |Barrie Dawson |Martin Tilley
Another tax year has been and gone and no doubt there was a flurry of year-end tax planning carried out to good effect. Actions like making pension and Isa contributions to ensure allowances for the year were maximised. Where appropriate, the tax efficiencies offered by enterprise investment schemes (EIS), seed EIS and venture capital trusts will have also been considered.
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Apr 8, 2024 | 
moneymarketing.co.uk | Andrew Tully |Mark Dampier |Martin Tilley
We are now in a new world of pension tax and, for the first time in nearly 20 years, there is no need to check benefits taken against the lifetime allowance (LTA). That is a welcome simplification, especially for those individuals who have taken no benefits. However, it was always going to be a challenge to deliver a change of this magnitude in the time available. And the government was unwilling to consider any delay to implementation with a general election looming.
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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.
