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Dec 3, 2024 | 
moneymarketing.co.uk | Ed Dymott |Tim Sargisson
Quilter Cheviot has launched an investment proposal tool to help advisers promote and implement its on-platform model portfolio service (MPS) investment proposition to clients. The tool will use a minimal number of adviser-provided details to create a proposal for a client. The proposal will include details including the account type and value, the investment objective, time horizon and risk tolerance, the investment platform, the pricing structure and expected charges and the strategy factsheet.
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Nov 28, 2024 | 
moneymarketing.co.uk | Danby Bloch |Faith Liversedge |Tim Sargisson |Tom Redmayne
The upcoming inheritance tax (IHT) charge on unused pension benefits is set to have a profound impact on advisers and their clients, upending retirement incomes, portfolios and, of course, estate planning. Advisers will have to undertake vast amounts of rethinking, reorganising and relearning, as our research on the advice market is starting to reveal. Pensions will rotate to become income generating and other assets will be used for IHT planning.
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Nov 27, 2024 | 
moneymarketing.co.uk | Tim Sargisson
The majority (72%) of advisers are ending relationships with more clients than usual, new research by NextWealth has found. During 2024, 66% of advisers have identified clients they plan to part ways with and well over half (58%) say their ‘offboarding’ is set to increase over the next 12 months.
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Nov 19, 2024 | 
moneymarketing.co.uk | Tim Sargisson
Last month’s Budget announcements have made financial advice more crucial than ever. Adjustments to capital gains tax (CGT) rates will impact investors and those with assets, emphasising the need for early tax planning to minimise liabilities. For property owners, changes to inheritance tax (IHT), including extending the IHT threshold freeze until 2028, affects families seeking to manage generational wealth.
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Oct 14, 2024 | 
moneymarketing.co.uk | Tim Sargisson
The latest Financial Conduct Authority Retail Mediation Activities Return findings are a stark revelation. They confirm that the decline in the number of small advice firms is more than a trend — it’s a rapidly accelerating one. In 2023, there were 10% fewer sole traders than in 2022, and 8% fewer firms with two to five advisers. The numbers have remained steady over recent years, defying expectations.
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Jul 12, 2024 | 
moneymarketing.co.uk | Kimberley Dondo |Momodou Musa Touray |Tim Sargisson
Money Marketing’s Top 10 Stories:This week’s essential stories include the Chancellor’s decision to lift the ban on new onshore wind projects, in a bid to stimulate the renewables market, and Tony Wickenden’s key dates for Labour’s first 100 days, including the upcoming Budget. Tony Wickenden: Labour’s first 100 days – dates for your diaries, including first BudgetFinancial planners need to anticipate Labour’s actions during its first 100 days in power.
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Jul 10, 2024 | 
moneymarketing.co.uk | Steven D. Levin |Tim Sargisson
MP for Wycombe Emma Reynolds has been confirmed as the new pensions minister, as part of new prime minister Keith Starmer’s Labour government. In a post on X this evening (10 July), Reynolds wrote: “Delighted to spend my first day meeting other ministerial colleagues and officials in my new role as pensions minister in the Department of Work and Pensions.”Yesterday evening, it was announced that Reynolds had been appointed to “a ministerial role” in both the Treasury and the DWP.
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Jul 10, 2024 | 
moneymarketing.co.uk | Tim Sargisson |Alistair Cunningham
Hargreaves Lansdown has named Gary Logan as its chief operating officer. Logan has been appointed to the role permanently after joining the business on an interim basis in March this year. He is the former senior leader at EY, where he was a consulting partner leading its wealth and asset management transformation offering in the UK.
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Jul 8, 2024 | 
moneymarketing.co.uk | Andy Bell |Tim Sargisson |Caitlin Jordan
Ever since a rain-sodden Rishi Sunak surprised the country (and the bookies) by announcing a summer general election, most people’s focus has been on what a Labour government might do in power. Now the inevitable has come to pass, it is time to see whether Sir Keir Starmer is the real deal or a wolf in sheep’s clothing. The level of engagement new chancellor Rachel Reeves has had with the financial services industry has been very encouraging.
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Jul 3, 2024 | 
moneymarketing.co.uk | Tim Sargisson
The overwhelming majority of UK wealth managers and financial planners view UK equities as “extremely cheap” and expect an increase in allocation from investors over the next three years, research by Rathbones Asset Management has found. The survey revealed 88% of wealth managers and financial advisers believe UK retail investors will increase allocations to the asset class in the next six months.
