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Oct 21, 2024 | 
moneymarketing.co.uk | Dan Cooper |Ranila Ravi-Burslem
There has been an “unprecedented shift” in the variety of fee models used by financial advice firms, a new report from NextWealth suggests. Percentage of assets remains the most common charging structure, used by 71% of respondents’ firms. The study shows that while this charging model continues to dominate, its use is in decline – with popularity of all other charging structures rising.
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Oct 21, 2024 | 
moneymarketing.co.uk | Simon Evans |Momodou Musa Touray |Ranila Ravi-Burslem |Rachel Vahey
Employee engagement in the UK has hit a concerning 10-year low, with only 10% of employees feeling engaged, compared to the global average of 23%, according to workplace consultants Gallup. This is particularly alarming for the UK financial services sector, which faces significant challenges as generational shifts approach. By 2025, Gen Z will make up a quarter of the workforce, while one-third of financial advisers are expected to retire within the next three years.
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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.
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Oct 9, 2024 | 
moneymarketing.co.uk | Ranila Ravi-Burslem |Kimberley Dondo
Selecting the right platform is a bit like building a house: if the foundations aren’t stable then you’re in serious trouble further down the line. I’m increasingly seeing advisers considering switching platforms looking to financial stability as that key foundation stone from which to build. Today’s advice platform market is characterised by oversupply and frequent regulatory change, leaving a key problem for advisers to overcome – long-term stability.
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Jan 31, 2024 | 
moneymarketing.co.uk | Dan Cooper |Ranila Ravi-Burslem
Financial-services professionals are being offered the opportunity to learn how to boost their wellness, both personally and in the workplace. They can also sign up to receive free training to recognise, and seek help for, potentially addictive behaviour. Members of the Chartered Institute for Securities & Investment (CISI) can access the two new e-learning modules through the CISI mental-health portal. The 30-minute modules are interactive and test knowledge based around real-life scenarios.
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Jan 29, 2024 | 
moneymarketing.co.uk | Dan Cooper |Ranila Ravi-Burslem |Tony Wickenden
The government has today published its revised DB funding and investment regulations. The Department for Work & Pensions (DWP) said it has revised the regulations following a public consultation to “ensure the scheme funding regime continues to apply flexibly across all DB schemes”.
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Jan 18, 2024 | 
moneymarketing.co.uk | Fiona Tait |Ranila Ravi-Burslem |Chris Budd
7IM has announced that Canadian pension fund Ontario Teachers’ Pension Plan has completed its acquisition of a majority stake in the firm from Caledonia Investments. The investment, which was first announced in September, will allow 7IM to “accelerate its strategic growth plans”, which will focus on a combination of organic growth and selective M&A. The investment manager has made a commitment to “enhance its core capabilities and services” for customers and clients.
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Jan 18, 2024 | 
moneymarketing.co.uk | Andrew Tully |Ranila Ravi-Burslem
Good morning and welcome to your Morning Briefing for Thursday 18 January 2024. To get this in your inbox every morning click here. AJ Bell customer numbers surgeAJ Bell has reported an 8% surge in advised customer numbers in the past year, as they hit 161,000 – up 1% in the latest quarter. In a trading update for the first quarter, the platform said total D2C customer numbers now stand at 323,000 – up 13% in the last year and 2% in the quarter.
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Jan 17, 2024 | 
moneymarketing.co.uk | Ranila Ravi-Burslem |David W Coombs
The legacy definition of white labelling has created an increasingly polarised debate around adviser-as-platform versus white label models. A pure white label approach, strictly speaking, involves little more than branding and distributing an existing platform. This is as opposed to the adviser-as-platform model, which grants full control over the technology and customer journey.
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Oct 25, 2023 | 
professionaladviser.com | Ranila Ravi-Burslem
The debate around adviser-as-platform has become increasingly polarised. At one end, advisers are being vociferously encouraged to take on full-fat platform ownership. At the other end, there is a widely held belief that advice firms should focus on their core USP of advising clients, since full-fat ownership involves full-fat costs and full-fat risks. The reality is a little less binary. There is, in fact, a range of options open to advice firms.
