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1 week ago | 
moneymarketing.co.uk | Kimberley Dondo |Roderic Rennison
The Financial Conduct Authority is “failing to harness” innovation such as artificial intelligence to help close the advice gap, EV managing director Chet Velani has warned. He argued that targeted support may provide a “step up” from the current support consumers get from guidance solutions. However, there seems to be a “lack of urgency” in the regulator’s vision on the use of technology, which Velani believes these could provide a more personalised recommendation at scale.
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1 week ago | 
moneymarketing.co.uk | Ian Richards |Roderic Rennison |Momodou Musa Touray
Technical sustainability compliance specialist ESG Accord has launched a free-to-access course examining sustainability in the investment advice process. The course is available to all UK financial advice firms and delivers five hours of LIBF-learning and CPD accreditation via the Accord Initiative’s academy, launched in July last year. It joins ESG Accord’s growing suite of accredited learning resources. This includes an anti-greenwashing course, which is also LIBF learning and CPD accredited.
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1 week ago | 
moneymarketing.co.uk | Tom Browne |Dan Cooper |Kimberley Dondo |Roderic Rennison
It’s fair to say 2020 and 2021 weren’t your average years for MM, unless your average year includes a global pandemic, an economic nosedive and a political shake-up or two. Let’s start with the obvious: COVID-19. Practically overnight, the world shut down. Shops closed, planes were grounded and a sizeable chunk of the workforce swapped commutes for kitchen tables. The UK economy took a brutal hit, shrinking nearly 10% in 2020 — the steepest fall in over 300 years.
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1 week ago | 
moneymarketing.co.uk | Roderic Rennison |Darius McQuaid
Those of you who are regular readers of my Money Marketing articles will know that I often mention of the importance of retaining competent and professional advisers before entering into any transaction, be that a sale, a management buy-out, setting up an Employee Ownership Trust (EOT) or organising a family succession.
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2 months ago | 
moneymarketing.co.uk | Tom Browne |Roderic Rennison |Kimberley Dondo |Darius McQuaid
Dynamic Planner, the UK’s leading digital financial advice platform, has launched a new feature, Financial Personality Insights, designed to provide advisers with a deeper understanding of clients’ behaviours, emotions and thoughts around financial risk. This enhancement builds on the platform’s established Attitude to Risk (ATR) questionnaire, offering more personalised advice capabilities.
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2 months ago | 
moneymarketing.co.uk | Darius McQuaid |Momodou Musa Touray |Trevor Greetham |Roderic Rennison
Schroders has announced it is set to adopt all four of the Financial Conduct Authority’s (FCA) Sustainability Disclosure Requirements (SDR) labels for 16 of its funds. All four ‘Sustainability Focus’, ‘Sustainability Impact’, ‘Sustainability Improvers’ and ‘Sustainability Mixed Goals’ labels will be used. In December 2024, Schroders said it planned to adopt ‘Sustainability Focus’ and ‘Sustainability Impact’ labels for 10 of its funds.
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Jan 21, 2025 | 
moneymarketing.co.uk | Ros Altmann |Michael Browne |Roderic Rennison
There has been surprisingly little fuss about the shock Budget announcement to remove inheritance tax (IHT) exemptions for unused pension funds. But the changes – due to start in 2027 – could be disastrous for Defined Contribution (DC) pensions. The lack of opposition to this potentially damaging decision is horribly reminiscent of 1997, when Gordon Brown’s removal of dividend tax credits from UK pension funds attracted little industry criticism.
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Jan 17, 2025 | 
moneymarketing.co.uk | Claire Trott |Momodou Musa Touray |Roderic Rennison
Since the Chancellor’s Autumn Budget announcement on plans for pensions to be integrated into inheritance tax (IHT) calculations from 2027 onwards, many individuals have come to me looking for mitigation tips. While there are a number of options when it comes to mitigating IHT on pensions, one suggestion is to use your funds to buy an annuity. While this will work for some, there are a good number of considerations to take into account when thinking about this option.
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Jan 17, 2025 | 
moneymarketing.co.uk | Roderic Rennison |Momodou Musa Touray |Darius McQuaid
Practically every financial-planning firm owner that I have ever met will tell me that their clients are not only their most valuable asset, but that also that they deliver outstanding client service. I have no issue with the value that their clients bring – up to a point – which I will elaborate on, but the services delivered are sometimes, on closer analysis, not always “outstanding”. Let me first address the value that clients bring.
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Nov 26, 2024 | 
moneymarketing.co.uk | Tom Browne |Momodou Musa Touray |Roderic Rennison
Good morning and welcome to your Morning Briefing for Tuesday 26 November 2024. To get this in your inbox every morning click here. FCA branded ‘incompetent at best’ in scathing Parliamentary reportThe Financial Conduct Authority (FCA) has been labelled “incompetent at best, dishonest at worst” in a damning report by a cross-party group of MPs and Lords.
