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2 weeks ago | 
moneymarketing.co.uk | Richard Harrison |Kimberley Dondo
The financial advice industry is booming. Adviser numbers are soaring, demand for advice has never been higher and, with more than £7trn estimated to transfer between generations by the end of the decade, the future looks bright. Yet despite this, there is an ongoing trend that concerns me. While we have become better at attracting fresh talent to the industry, the number of firms providing retail investment advice is shrinking fast.
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2 months ago | 
coventrytelegraph.net | Richard Harrison |Richard Ault |Claire Harrison
A Coventry Lloyds Bank branch is among 136 across the country set to close. The banking giant has announced it is closing 61 Lloyds, 61 Halifax, and 14 Bank of Scotland branches. The closures will start in May and are set to continue into next year. Of the 136 set to close one is in Coventry. The Lloyds Bank branch at 531 Foleshill Road is set to close on November 4 this year. Several others in the wider Midlands area are also to close but none in Warwickshire feature in the most current list.
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Jan 24, 2025 | 
moneymarketing.co.uk | Kimberley Dondo |Richard Harrison |Nita Patel
View more on these topicsAdvisers Podcast weekend essay Warren Buffett’s journey from a paperboy to one of the most celebrated investors of all time is nothing short of extraordinary. In this Weekend Essay, Chief Reporter Lois Vallely takes us through the principles that define the “Oracle of Omaha’s” success, including his focus on proven businesses, strong management, and disciplined, long-term investing strategies. Listen now:
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Jan 23, 2025 | 
moneymarketing.co.uk | Momodou Musa Touray |Richard Harrison
MetLife UK has paid out more than 27,000 accident and health claims to its individual protection customers in 2024. The claims amounted to £27,058,980.32 and data shows an average of 108 accident and illness payments were paid every day. The claims analysis also shows that more than 15,000 hospitalisation claims were paid, as well as 9,664 broken bone claims. The insurer also approved 702 lifestyle claims, and 711 funeral benefit claims from non-accidental death.
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Jan 17, 2025 | 
moneymarketing.co.uk | Kimberley Dondo |Momodou Musa Touray |Richard Harrison |Darius McQuaid
In this week’s Weekend Essay episode, Amanda Newman Smith reflects on hope, generosity and George Kinder’s vision for trustworthy institutions. Can we rise above self-interest to create lasting change?
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Jan 17, 2025 | 
moneymarketing.co.uk | Simon Collins |Robin Powell |Tim Riseborough |Richard Harrison
In all my articles in 2024, I commented on the increased level of supervisory activity being undertaken by the FCA in the retail sector. That certainly looks set to continue into 2025 as the follow-up to the work the FCA has been doing around the Consumer Duty begins to move up a gear. Prior to Christmas, the FCA gave a number of updates and feedback, particularly after reviewing a range of firms’ approach to the first Annual Board Report.
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Jan 15, 2025 | 
moneymarketing.co.uk | Amanda Newman Smith |Darius McQuaid |Richard Harrison |Momodou Musa Touray
Scaling a business is one of those phrases that advisers who run a business or are looking to set up their own firms will be used to hearing. It is often assumed that everyone knows what it means, so articles and blogs may launch straight into their tips on how to achieve it. But what does it really mean and why does it matter to advice firms? Measured growthGovernment figures show that around 60 per cent of new businesses fail within the first five years.
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Jan 13, 2025 | 
moneymarketing.co.uk | Richard Harrison |Robin Powell |Momodou Musa Touray |Darius McQuaid
Even though I’m a father to two daughters and we have regular conversations about setting financial goals, I’ve fallen into the trap of thinking that it can be difficult to engage with younger generations when it comes to finance. But the feedback I get from my daughters is that we don’t do enough to reach out and speak to younger consumers who have advice needs that are not being met.
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Dec 18, 2024 | 
propertynotify.co.uk | Richard Harrison
Richard Harrison, Head of Mortgages at Atom bank, comments:“Although a second consecutive rise in inflation means we are unlikely to see the Bank of England reduce the base rate tomorrow, the market’s anticipation of further cuts and lower mortgage rates next year offers some optimism for potential homebuyers. “The housing market has had a busy finish to 2024, with many prospective buyers looking to push on and get deals over the line before the new year.
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Nov 25, 2024 | 
mondaq.com | Clare Kennedy |Mo Habbas |Richard Harrison
n our final article on the impact of the Autumn Budget, we
look at what actions private equity firms, their portfolio
companies and lenders can take to protect value as the operating
environment gets tougher
The Autumn Budget elicited decidedly mixed reactions from
financial institutions. On the one hand, there was relief among
investors that capital gains tax (CGT) did not rise by as much as
expected, although the CGT on carried interest will ramp up in the
coming years.
