Nic Cicutti

New Forest

Freelance Journalist at Freelance

Journalist, retired NHS nurse, socialist & scooterist. Northern Soul dancer. Tweets NHS & wider political issues. RTs not always endorsements. Views mine

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Articles

The consequences of 'sensible risk taking'

2 weeks ago | moneymarketing.co.uk | Nic Cicutti

What are we to make of Rachel Reeves’ pledge to encourage a loosening of regulation of the financial services sector? The chancellor’s direction of travel was made clear in her Mansion House speech in November last year, in which she said that tighter rules on banks and investment institutions after the 2007–08 crash had created “a system which sought to eliminate risk-taking”.
SJP gives Schroders £5.2bn sustainable investment mandate

Jan 13, 2025 | moneymarketing.co.uk | Dan Cooper |Nic Cicutti

Schroders has been given a £5.2bn sustainable investment mandate by UK wealth manager St. James’s Place (SJP). The allocation will be made by SJP’s Sustainable & Responsible Equity (SRE) fund to a Schroders mandate that reflects its Global Sustainable Value Equity and Global Sustainable Growth strategies. This will enable SJP’s investors to benefit from exposure to a diversified range of companies and opportunities. The allocation is expected to transition during the first quarter of 2025.
How to build an online personal brand when starting out in advice

Jan 9, 2025 | moneymarketing.co.uk | Amanda Newman Smith |Taylor Beavis |Nic Cicutti |Ian McKenna |ian mckenna

Knowing a social media presence can make you more employable in the advice sector is one thing, but building your personal brand online is another. What are the kinds of things you should be saying? How much of your personality should you be sharing? What messages do you want your content to convey? All these things can be a minefield, particularly when you are finding your feet in the early stages of a career. What do commentators in the financial services and marketing industries suggest?
RIAAT set to make PII challenges even worse in 2025

Jan 8, 2025 | moneymarketing.co.uk | Kate Albert |Nic Cicutti |Momodou Musa Touray

Professional indemnity insurance (PII) is a critical safeguard for advisers in the UK, but the market has faced prolonged challenges, with premiums rising in response to high claims volumes, particularly in relation to pension mis-advice and investment recommendations. The Financial Ombudsman Service (FOS) continues to report substantial compensation claims, further pressured by its new higher compensation cap of £430,000.
The Morning Briefing: Geopolitics top concern for advisers and Foster Denovo expands presence in Scotland

Jan 8, 2025 | moneymarketing.co.uk | Momodou Musa Touray |Ian McKenna |ian mckenna |Nic Cicutti |Annalise Toberman

Good morning and welcome to your Morning Briefing for Wednesday 8 January 2025. To get this in your inbox every morning click here. Geopolitics and volatility top concern for advisersGeopolitics and market volatility are the top concerns for advisers in 2025, according to latest research from Scottish Widows. In the face of a volatile UK equities market, the research shows advisers start the year more bearish, with only 64% expecting equities to rise in the next 12 months.
Nic Cicutti: A story of good judgement (and a bit of luck!)

Jan 7, 2025 | moneymarketing.co.uk | Nic Cicutti |Noel Butwell |Dan Cooper

I want to tell you a story involving a financial adviser almost 25 years ago and a former client, who retired recently. I think it’s a good news story – but I’ll let you be the judge of that. My acquaintance – the client – has a decent retirement income, a combination of state and personal pensions, as well as a mishmash of public sector and private schemes from a time when defined benefits were still the norm for many employees.
Simon Collins: A lesson in why recording rationale is key to staying on the right side of the regulator

Oct 18, 2024 | moneymarketing.co.uk | Simon Collins |Nic Cicutti |Momodou Musa Touray |Ranila Ravi-Burslem

The Financial Conduct Authority has made it clear its approach to enforcement is changing. It says it’s a change to increase public confidence in financial services and will require cooperation and commitment across the industry “to stop market abuse, keep our markets clean and build trust. This is how we will attract talent to our sector, bring investment to our shores and grow our economy.”Quite the challenge but one that is necessary.
Perspective continues national expansion with four more deals

Oct 16, 2024 | moneymarketing.co.uk | Nic Cicutti

Perspective Financial Group has completed four more acquisitions, bringing its total to 15 this year and 93 since it was founded 16 years ago. The latest deals add approximately £350m assets under advice, 940 households as clients and two new offices. Additionally, 20 staff will also join Perspective. The business now has 585 staff, 41 local offices, 155 financial planners – a quarter of them qualified to chartered level or above – and £8bn of assets under advice.
The client's control problem

Oct 14, 2024 | moneymarketing.co.uk | Chris Budd |Momodou Musa Touray |Nic Cicutti

There is a word I have been thinking about a lot recently, particularly in the context of its effect on our wellbeing. That word is: control. Sam Wren-Lewis holds a PhD in the philosophy of happiness and has written an academic, but very readable, book called The Happiness Problem. He observes that we tend to take two different approaches to happiness: control or acceptance. This is not binary, but rather a sliding scale, and we might use each approach for different circumstances.
Financial Life Planning hires Rebecca Tuck as ops director to drive growth

Oct 14, 2024 | moneymarketing.co.uk | Nic Cicutti |Lottie Bussell-Ahern

Advice business Financial Life Planning has hired Paradigm Norton’s Rebecca Tuck as its new operations director to help drive the expansion of the business. Kate Shaw launched the firm around 10 years ago and has been running it on her own ever since. “We both got to the point in our careers where we are ready to do something different,” Tuck told Money Marketing.