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Sep 6, 2024 | 
moneymarketing.co.uk | Momodou Musa Touray |Dan Cooper |Nick Henshaw |Darius McQuaid
Abrdn has overhauled its fixed income team following the departure of Craig MacDonald. MacDonald, who is global head of fixed income, is leaving the business after 22 years to pursue postgraduate studies in Philosophy. However, he will continue to work as a senior adviser well into next year to ensure a “smooth transition”. Jonathan Mondillo will replace him as global head of fixed income.
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Sep 2, 2024 | 
moneymarketing.co.uk | Kimberley Dondo |Nick Henshaw |Chris Jones
Join us for a special episode of the Money Marketing Podcast as we delve into the world of adviser development with Gee Footit, Senior Manager – Partnerships at St. James’s Place Financial Adviser Academy, the proud winners of the ‘Best Adviser Academy’ award at the 2023 Money Marketing Awards. Discover the secrets behind their success, gain insights into their innovative curriculum and mentorship programs, and explore the future of financial advice with this inspiring conversation.
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Aug 30, 2024 | 
moneymarketing.co.uk | Tom Browne |Phil Wickenden |Ian McKenna |ian mckenna |Nick Henshaw
Of the many reactions that greeted the reunion of Britpop legends Oasis, my favourite was from the music writer Andrew Mueller on X:“Commissioning editors/producers: I was a rock journalist in the mid-90s, and while I have no opinion either way about the reunion, I am – and I cannot over-emphasise this – prepared to pretend I do for money.”If only everyone had Mueller’s candour.
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Aug 27, 2024 | 
moneymarketing.co.uk | Nick Henshaw
In July, for the first time in four years, the Monetary Policy Committee cut the Bank of England base rate in July. It was a finely balanced decision – a slim majority of 5-4 voted for the cut – but most economists now expect to see a consistent succession of small incremental rate reductions over the coming years. It seems the era of elevated interest rates is now over, making the case for many clients holding cash much weaker.
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Jun 18, 2024 | 
moneymarketing.co.uk | Nick Henshaw |Ian McKenna |ian mckenna
There is an established school of thought that argues the safe level of withdrawal for clients in decumulation is 4%. However, this one-size-fits-all solution may now be past its sell by date. It wasn’t too long ago when interest rates were widely expected to be on a determinedly downward trajectory by now.
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Apr 16, 2024 | 
moneymarketing.co.uk | Chris Budd |Nick Henshaw |Kimberley Dondo
Good morning and welcome to your Morning Briefing for Tuesday 16 April 2024. To get this in your inbox every morning click here. No backing down on ongoing adviceNews that the Financial Conduct Authority has written to 20 of the UK’s largest advice firms, asking for details of the services they deliver to clients who pay ongoing charges, reminds me of the only time Money Marketing has been forced to issue a formal apology for my writing, says Nic Cicutti.
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Apr 10, 2024 | 
moneymarketing.co.uk | Dan Cooper |Nick Henshaw |Tom Browne |Nita Patel
Good morning and welcome to your Morning Briefing for Wednesday 10 April 2024. To get this in your inbox every morning click here. Almost a quarter using savings and investments to cover daily costsThe FCA’s latest Financial Lives Survey data has revealed that almost early a quarter (23%) of people have used savings or investments to cover their daily costs.
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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 5, 2024 | 
moneymarketing.co.uk | Nick Blake |Haydn Barlow |Nick Henshaw |Andy Curran
Financial Conduct Authority chief executive Nikhil Rathi recently gave a speech repeating the main points in its advice guidance boundary review paper (DP23/5). In essence, that too few people seek advice and are in danger of poor outcomes. He repeated that more needs to be done to support clients who, among other things, unwittingly hold too much in cash, stay in poor or unsuitable funds or products and are adopting unsustainable withdrawal rates. But who needs to do more?
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Apr 4, 2024 | 
moneymarketing.co.uk | Nick Henshaw
In its sixth State of the Advice Nation report, published in February, the Lang Cat found that, during the year of Consumer Duty implementation, fears of further ‘compliance and regulation’ is the main issue keeping a third (31%) of advice business owners awake at night. Many expressed concerns about the pace and volume being difficult to contend with.
