Tarnia Elsworth

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Articles

TCC: Advice firms making dangerous mistakes with AI choices

Oct 2, 2024 | moneymarketing.co.uk | Joe Norburn |Tarnia Elsworth |Amanda Newman Smith

There’s no escaping artificial intelligence (AI), with many new solutions on the market for advisers. But among the myriad messages, it’s rarely clear what type of AI is being promoted and whether it is suited to your needs. There are two main types of AI today and it’s important to distinguish which one is being offered to you. Before you commit, you must really consider what you want the tech to do for you.
FCA defends decision to clear chair accused of exposing whistleblower

Sep 26, 2024 | moneymarketing.co.uk | Tarnia Elsworth

The Financial Conduct Authority has defended the decision to clear its chair of whistleblowing misconduct following an internal review. In August 2024, a former employee who left the FCA some years ago made an allegation publicly that, in the course of whistleblowing, their identity was not kept confidential by chair Ashley Alder. The regulator launched an internal review to investigate the complaints, led by the board’s senior independent director Richard Lloyd.
The Morning Briefing: New CFO for Schroders and tech tipping point

Sep 26, 2024 | moneymarketing.co.uk | Dan Cooper |Tarnia Elsworth |Suzy Morrissey |Andy Bell

Good morning and welcome to your Morning Briefing for Thursday 26 September 2024. To get this in your inbox every morning click here. New CFO for SchrodersSchroders has appointed Meagen Burnett as its new chief financial officer (CFO). She will succeed Richard Oldfield, who was named group chief executive earlier this month. Burnett joined Schroders in January 2023 and in her new role will be responsible for financial management, capital, and treasury, and oversee operations and technology.
Tarnia Elsworth: Emotions are more important than product recommendations

Sep 25, 2024 | moneymarketing.co.uk | Tarnia Elsworth |Amanda Newman Smith

Scared. Nervous. Anxious. Confused. Excited. When I meet with clients, I always ask how they are feeling about their planning, and these are some of the words we hear. A large part of our job is helping support those emotions. In fact, I believe it’s more important than the actual products we recommend. Nothing gives me greater pleasure in my role than seeing a client who was originally nervous leave our office calm and with an understanding of how we can support them with their finances.
Advisers realising Consumer Duty has ‘real teeth’, Schroders finds

Jun 13, 2024 | moneymarketing.co.uk | Tarnia Elsworth

There is a growing recognition among advisers that the Consumer Duty has “real teeth” and will require ongoing effort to ensure the successful implementation of its requirements, Schroders has found. The Consumer Duty came into effect in July 2023. The Schroders UK Financial Adviser Survey for 2024, published today (13 June), revealed that 39% of advisers now think that the Duty will have a high or reasonably high impact on their business, compared to 25% a year ago.
Faith Liversedge: How to get boring-but-important small print through to clients

Jun 11, 2024 | moneymarketing.co.uk | Faith Liversedge |Tarnia Elsworth |Salome Asabre

“Money Marketing asks for your consent to use your personal data to…”Did you read to the end of that statement when you clicked on this site, or did you just scroll down and hit ‘consent’ in a hurry to get to my article? If it was the latter, congratulations, you’re a regular human (and thank you). Who really has time to read these things? Most of us usually bat these pop ups away like annoying summer flies so we can get on with our days. But one person didn’t.
LIBF names Steve Hill as new CEO and vice-chancellor

Jun 10, 2024 | moneymarketing.co.uk | Tarnia Elsworth |David W Coombs

The London Institute of Banking and Finance (LIBF) has appointed Steve Hill as its new vice-chancellor and chief executive. He will succeed Alex Fraser, who announced today he will step down as CEO after nine years and remain at LIBF as a senior adviser. Starting July 2024, Hill will lead LIBF’s vision and mission, bringing with him a wealth of experience in digital education and strategic growth, both in the UK and international markets.
Tenet Group appoints administrators as 95 made redundant

Jun 5, 2024 | moneymarketing.co.uk | Roger Baird |Catriona Standingford |Tarnia Elsworth

Tenet Group has appointed administrators who have made 95 redundancies at the broker firm as it winds down its network. Administrator Interpath let staff go at Tenet’s Leeds headquarters today, which had employed 147 staff.
Phil Jeynes: My cancer diagnosis and putting our industry to the test

Mar 19, 2024 | moneymarketing.co.uk | Phil Jeynes |Andrew Tully |Tarnia Elsworth

I’ve often said our industry needs more case studies in the public domain to publicise the importance of our products. I hadn’t intended to become one myself but that, as we know, is a matter of chance rather than choice. I was diagnosed with colon cancer in February, following a battery of tests triggered when I noticed some bowel issues and went to see my doctor. This was a bit of a surprise. I hadn’t been unwell.
Iress sells UK mortgage software business to Bain Capital

Mar 18, 2024 | moneymarketing.co.uk | Roger Baird |Tarnia Elsworth

Bain Capital Tech Opportunities has agreed to buy Iress’ UK mortgage software and originations (MSO) business and acquire a majority stake in home loan platform finova for an undisclosed sum. Iress mortgage software connects lenders and brokers to allow sourcing and sales. Cheltenham-based finova’s platform manages mortgage pricing, underwriting, application processing and loan servicing. The business is aimed at brokers, specialist and equity release lenders, as well as savings institutions.