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Oct 31, 2024 | 
moneymarketing.co.uk | Sam Sloma
The “real test” of the Budget will not come today or tomorrow, but in the months and years ahead, Royal London director of policy and external affairs Jamie Jenkins has warned. He pointed out that some policies, such as the changes to non-dom status and VAT on private schools, were trailed weeks ago. “When you add those up, they contribute significantly towards the £40bn target,” he told Money Marketing.
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Oct 24, 2024 | 
moneymarketing.co.uk | Sam Sloma |Phil Wickenden |Salome Asabre
Financial planners need to get better at articulating their value to clients, Attivo regional director Louise Barraclough has insisted. At Money Marketing Interactive in Leeds today (24 October), she said advisers should think about where the value of their advice is for clients. “As planners, we absolutely need to believe our value,” she said, suggesting this is the “biggest thing that in this profession we lack”. “It’s not just enough to believe value,” she added.
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Oct 22, 2024 | 
moneymarketing.co.uk | Dan Cooper |Phil Wickenden |Sam Sloma
Industry experts have urged the government to “keep up the momentum” after it gave an update on the Pensions Dashboard Programme today (22 October). Pensions minister Emma Reynolds announced that the MoneyHelper Pension Dashboard service will be made available before commercial dashboards. Reynolds added that it is too early to confirm a launch date to the public.
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Mar 6, 2024 | 
moneymarketing.co.uk | Momodou Musa Touray |Sam Sloma |Tony Wickenden
The chancellor has said the UK’s economy is recovering and is expected to “soon turn the corner” on growth. Jeremy Hunt made the claim on Wednesday as he delivered his Spring Budget. He said the economy have “turned a corner on inflation” and that progress will extend to growth. He quoted OBR figures that forecast the economy to grow by 0.8% this year and 1.9% next year– 0.5% higher than it initially predicted in its Autumn forecast.
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Feb 29, 2024 | 
moneymarketing.co.uk | Sam Sloma
Abrdn’s head of financial planning Sarah Deaves has left the business after two years. A note published on Companies House confirmed her appointment was terminated on 23 February. Before joining Abrdn, Deaves held senior leadership positions in a range of major wealth management businesses in the UK. These included Schroders Personal Wealth, Lloyds Banking Group and RBS Group, where she was the first female chief executive of Coutts.
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Feb 29, 2024 | 
moneymarketing.co.uk | Dan Cooper |Sam Sloma |Darius McDermott
Octopus Money has successfully migrated its customers assets onto a single platform, powered by its sister company Seccl. Octopus Money launched in May 2023 as the new home for all money-related advice at Octopus, building on the successes of Octopus MoneyCoach and Octopus Wealth. Seccl has been part of Octopus Group since its acquisition in 2019.
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Feb 28, 2024 | 
moneymarketing.co.uk | Amanda Newman Smith |Sam Sloma
Making ends meet can be incredibly difficult for some pensioners, especially with the rising cost of living. If they are homeowners, most of their wealth may be tied up in their property, making them ‘asset rich but cash poor’. Downsizing may be the logical way to access this to fund a better standard of living in retirement but this assumes people have a bigger property than they need and the appetite to move, which may dwindle in later life.
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Feb 28, 2024 | 
moneymarketing.co.uk | Nick Eatock |Caitlin Southall |Sam Sloma
St James’s Place has experienced a “marked increase” in clients registering complaints relating to whether they have received ongoing servicing historically. In its financial report for 2023, published today (28 February), the wealth manager reported a £9.9m post-tax loss, compared with profits of £407.2m in 2022. Its share price dropped from 621p at close on 27 February to 438.6p this morning, following the announcement of the results.
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Feb 27, 2024 | 
moneymarketing.co.uk | Sam Sloma |Steve Webb
I joined the financial planning profession in 2010. It’s fair to say that, prior to that, I enjoyed elements of social media. Facebook was four years old, Twitter and Instagram were just coming into the world, and LinkedIn was mainly the platform for business professionals. Having started work in the sports niche from day one, Twitter was helpful to build connections in that world and my use of that particular platform began to grow.
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Dec 20, 2023 | 
moneymarketing.co.uk | Dan Cooper |Sam Sloma
Wealth manager atomos has announced changes to its senior portfolio management team. Jonty Warneken is now head of atomos’ Harrogate office, taking over from Eleanor Ingilby who became head of high net worth earlier this year. Stuart Rosling is now head of portfolio management for London, while also retaining his previous title of head of advisory managed stockbroking. Giles Marriage, head of portfolio management, will continue to oversee the team.
