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1 week ago | 
moneymarketing.co.uk | Ian Richards |Momodou Musa Touray |Salome Asabre
The Financial Conduct Authority may use regulatory tools such as sanctions and voluntary requirements if firms fail to adequately take steps to ensure they can justify their ongoing fees, Isio strategic adviser Ritchie Thomson has warned. Thomson joined Isio in March, having worked as a supervision projects manager at the FCA for 20 years. While at the regulator, he led its supervisory work for the advice sector, including establishing the team overseeing defined benefit (DB) pension transfers.
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1 week ago | 
moneymarketing.co.uk | Kimberley Dondo |Alan Hughes |Salome Asabre
Money Marketing’s Weekly Must-Reads: Top 10 StoriesThis week’s must-reads spotlight the most significant developments in the financial advice world. Leading the pack: Trump and Truss – a tale of two economic disasters, and Steve Webb’s take on why inheritance tax changes on pensions deserve more attention.
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2 weeks ago | 
moneymarketing.co.uk | Noel Butwell |Kimberley Dondo |Momodou Musa Touray |Salome Asabre
As I wrote in my column in February, one of the biggest ‘macro’ questions facing the sector is capacity. How do we protect it and unlock it, so that advisers can do more? In recent years, policy chop and change and general political uncertainty has been a major drain on resource. It makes consumers confused and worried, and challenges advisers’ ability to focus on executing long-term plans.
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3 weeks ago | 
moneymarketing.co.uk | Andy Hart |Darius McQuaid |Kimberley Dondo |Salome Asabre
As financial advisers, we’ve had it relatively easy during the past couple of annual planning meetings (APM). Markets have been kind, with 2023 and 2024 delivering strong equity returns, the only asset class worth bothering with for the long term after inflation and fees. Investment discussions in client meetings were easy – portfolios had grown (a lot), risk strategies had held up, and clients were happy.
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3 weeks ago | 
moneymarketing.co.uk | Tom Browne |Mariam Pourshoushtari |Salome Asabre
Guardian has announced the appointment of Carlton Hood as its new chief executive officer, effective from 1 May, subject to regulatory approval. Hood, the former Group CEO of Responsible Life, will take over the leadership of Guardian’s Executive Team. This includes Duncan Mosely (chief operating officer), Nischal Singh (chief financial officer), Hilary Banks (commercial director), and Ruth Starsmeare (group chief technology officer).
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3 weeks ago | 
mortgagestrategy.co.uk | David Burrows |Salome Asabre
3XD part of Brown & Brown (Europe), has widened its relationship with HL Partnership (HLP), a mortgage and protection network of advisers. The Preston-based Insurance provider is already the mortgage payment protection Insurance (MPPI) provider to HLP advisers and is now adding home and buy to let landlords cover to the networks proposition.
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4 weeks ago | 
moneymarketing.co.uk | Dan Cooper |Momodou Musa Touray |Salome Asabre
Advisers are seeing a surge in demand for clients seeking advice on inheritance tax (IHT) planning, new research from investment manager Downing has revealed. In Downing’s survey of UK financial advisers and wealth managers, more than two out of five (43%) said enquiries are mainly coming from new clients. Nearly a fifth (17%) said enquiries are from existing clients, while 39% said it is a mix. Downing’s study shows enquiries were already rising before the Budget in October.
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4 weeks ago | 
moneymarketing.co.uk | Dan Cooper |Simon Evans |Phil Bray |Salome Asabre
Private equity-backed consolidator Shackleton has added £200m assets under management with the acquisition of London-based advice firm PK Financial Planning. The purchase includes PK Employee Benefits, a division of PK Financial Planning, and its discretionary fund management arm, PK Wealth. The deal further strengthens Shackleton’s presence in the South East as part of its ongoing nationwide expansion.
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1 month ago | 
moneymarketing.co.uk | Momodou Musa Touray |Dan Cooper |Salome Asabre
The Financial Conduct Authority says it will remove 100 pages of “outdated” regulations from its 10,000 pages rule book as part of proposals to reduce regulatory burdens on businesses. The proposals, unveiled today (25 March), seek to streamline FCA rules and improve outcomes for consumers following the introduction of the Consumer Duty. The changes will make it easier to navigate regulations for consumer finance, investment and mortgages firms, the regulator said.
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1 month ago | 
moneymarketing.co.uk | Michael Edwards |Kimberley Dondo |Dan Cooper |Salome Asabre
Ever since it was announced in the Autumn Budget that the concept of ‘domicile’ would no longer be a relevant factor in the UK tax system, we have been flooded with news of a mass exodus of Britain’s wealthy non-domiciled residents – those who live in the UK but say their home is abroad. These headlines have, in my view, been greatly exaggerated. That’s not to say I believe no non-domiciled individuals will leave the UK because of the reforms, or that the number that do will be insignificant.
