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Nov 28, 2024 | 
ftadviser.com | Steve Conley |Nathan Willmott
The Financial Conduct Authority’s plans to give firms more notice when deciding whether to announce they are under investigation has been branded as a ‘sensible move’ by the industry. Earlier today, the regulator announced phase two of its consultation paper on its enforcement proposals where it laid out four “significant changes”. This included firms being given a copy of any draft announcement and 10 business days’ notice to make their representations to the FCA.
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Nov 15, 2024 | 
moneymarketing.co.uk | Emmelia Powell |Momodou Musa Touray |Steve Conley
For over a decade, Michael Bublé faced relentless setbacks, yet his unwavering belief in his music drove him to raise $500,000 for his debut album after producers hesitated to market his unique style. Dreaming of stardom since age two, he finally broke into the international scene at 28. Since then, Bublé has sold over 75 million records worldwide and won numerous awards, including five Grammys.
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Nov 6, 2024 | 
moneymarketing.co.uk | Dan Cooper |Darius McDermott |Steve Conley |Kimberley Dondo
Stock markets in the UK and across Europe have rallied after Donald Trump won the US presidential election race. US stocks markets hit record highs this afternoon (6 November) after the historic result, which is being labelled as the “great comeback in political history”. Markets jumped more than 3% at the news – opening at 42,221.88 before hitting a record 43,514.85. The US dollar also surged, while the FTSE 100 jumped by 1.5% when markets opened on Wednesday.
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Nov 1, 2024 | 
moneymarketing.co.uk | Steve Conley
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Aug 9, 2024 | 
moneymarketing.co.uk | Roderic Rennison |Boya Wang |Steve Conley
Based on the feedback we receive from our adviser clients, they receive at least two – often more – unsolicited emails each week from brokers offering to arrange the sale of their business for what appears to be ‘adventurous’ valuations. While most of these emails will land up in the metaphorical wastepaper bin, they can serve a purpose if they prompt owners of firms to become ‘sale ready’. Being sale ready doesn’t mean you want to sell immediately.
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Aug 8, 2024 | 
moneymarketing.co.uk | Dan Cooper |Steve Conley |Alistair McQueen
Good morning and welcome to your Morning Briefing for Thursday 8 August 2024. To get this in your inbox every morning click here. Industry reacts to FCA Value for Money frameworkIndustry experts have hailed the Financial Conduct Authority’s new plan to give pensions savers better value for money as a “great first step”.
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Aug 7, 2024 | 
moneymarketing.co.uk | Robin Powell |Ian McKenna |ian mckenna |Steve Conley
When ‘star’ fund manager Neil Woodford fell to earth in 2019, with the collapse of the Woodford Equity Income fund, Fundsmith’s Terry Smith was widely touted in the media as a more reliable stock-picker. He had outperformed the market, albeit for a short time, and, like the Woodford of old, he focused on buying and holding high-quality businesses, while steering clear of capital-intensive, highly cyclical or heavily regulated sectors such as mining, utilities and banks.
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Aug 6, 2024 | 
moneymarketing.co.uk | Dan Cooper |Mike Barrett |Steve Conley
Rathbones is now live on Iress’ Xplan advice software. In a statement published today, (6 August), Rathbones said the move would help support its financial planning business. Xplan will also be the financial planning platform of choice for Rathbones’ upcoming integration with Investec Wealth & Investment. Iress’s managing director, UK wealth, Alex Hore, said: “We are thrilled to be working with an organisation such as Rathbones, which is known for its pedigree and high standards.
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Jul 30, 2024 | 
moneymarketing.co.uk | Tom Browne |Steve Conley |Kimberley Dondo
Good morning and welcome to your Morning Briefing for Tuesday 30 July 2024. To get this in your inbox every morning click here. SJP reports record FUA and increased inflows in first half of 2024St James’s Place (SJP) has reported strong performance for the six months ending June 30, 2024, setting a record for funds under management (FUM) at £181.9bn. The firm’s gross inflows reached £8.5bn, up from £8bn in the same period last year.
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Jul 29, 2024 | 
moneymarketing.co.uk | Maria Merricks |Steve Conley
The arrival of a new government, armed with a big majority but short of cash, has inevitably led to speculation about the potential for radical pension reform. Rumours abound about changes to tax-free cash, the introduction of flat rate tax relief and even means-testing the state pension. Providers and advisers are already reporting people bringing forward plans to take their tax-free lump sum now ‘just in case’ the option should be curtailed in future.
