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1 month ago | 
moneymarketing.co.uk | Brian Byrnes |Dan Cooper |Momodou Musa Touray |Vicky Pearce
The Bank of England has opted for a “wait and see approach” after holding interest rates at 4.5% today (20 March). The bank’s monetary policy committee (MPC) voted 8 to 1 in favour of the hold, with one dissenting member preferring to cut rates by 0.25% to 4.25%. Many analysts and advisers were expecting rates to be held prior to the announcement and said it came as little surprise.
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Sep 30, 2024 | 
moneymarketing.co.uk | Vicky Pearce |Trevor Greetham |Rachael Griffin
Picture the scene. Mrs Smith, a longstanding client, has just announced she’s moving to Japan. What do you do? Wish her well and wave sayonara, or continue to manage her investments? I’m sure most of you will be wondering why on earth you would give up a successful relationship – but have you considered the implications of acting for someone residing outside the UK?
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Jul 19, 2024 | 
moneymarketing.co.uk | Peter Bates |Vicky Pearce |Tony Wickenden |Salome Asabre
The investment environment is changing. The post‑global financial crisis era of low rates and abundant liquidity is being replaced by one of higher rates, greater divergence of returns and more volatile markets. We believe this period of transition will continue in the second half of 2024. Challenging market conditions will require investors to be more valuation‑sensitive than in recent times, when a rising tide lifted all boats.
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Jul 17, 2024 | 
moneymarketing.co.uk | Dan Cooper |Vicky Pearce
Experts across the financial services sector have spoken of their “surprise” after details of a new Pensions Bill were included in the King’s Speech today (17 July). However, measures contained in the Bill represent “business as usual” for pensions policy, according to LCP partner and former pensions minister Steve Webb. Legislation in areas such as commercial superfunds or consolidation of micro pension pots comes after years of consultation under the Conservative administration.
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Jul 12, 2024 | 
moneymarketing.co.uk | Vicky Pearce |Andy Bell
Advisers need to teach their clients about the reasons behind the relationship they have with money, Institute for Financial Wellbeing founder Chris Budd has insisted. During a keynote speech at NextGen Planners’ Elements conference today (12 July), Budd spoke about the “set point of happiness theory”. This states that everyone has a standard level of happiness. That level may vary throughout the day, but in general, people have a standard level of happiness in their mood.
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Jul 9, 2024 | 
moneymarketing.co.uk | Vicky Pearce
You’re probably not going to like this article if you still aren’t using a fact find document. However, it’s time to convince those advisers who prefer relying on detailed notes, rather than a structured fact find form, to use a more structured way of working. At the end of March, the Financial Conduct Authority introduced its Retirement Income Advice Assessment Tool (RIAAT).
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Mar 26, 2024 | 
moneymarketing.co.uk | Amanda Newman Smith |Vicky Pearce |Andy Curran
Advice firms often turn to recruitment firms when they have roles to fill. To help, recruiters also need access to individuals looking for a new job. But working on both sides of the fence can lead to a conflict of interest, as illustrated by one adviser’s social media post. Scott Gallagher, director of IFA firm Rowley Turton, recently shared his experience on LinkedIn of being courted by a recruitment firm during a ‘welcome’ session that involved tea and biscuits.
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Mar 25, 2024 | 
moneymarketing.co.uk | Vicky Pearce |Kimberley Dondo |Trevor Greetham |Victoria Ross
There’s a pretty significant deadline looming in July and even though we’re still the wrong side of Easter, it will be here before you know it. Yes, the first Consumer Duty board report is due in less than four months. If you’re not already thinking about how to tackle the assessment, we would encourage you to at least take a look at the data you will use as supporting evidence. You need to check it addresses the key risk areas that could result in poor outcomes for customers.
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Jan 30, 2024 | 
moneymarketing.co.uk | Vicky Pearce
Last year was a pretty significant one in the world of Financial Conduct Authority compliance. Consumer Duty dominated the headlines and fundamentally transformed the way the industry operates. So, what does the regulator have in store next? Certainly, the pace of regulatory change shows no sign of slowing down. Retirement income advice – thematic reviewWe are still eagerly awaiting the results of the FCA’s retirement income market review.
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Sep 27, 2023 | 
moneymarketing.co.uk | Vicky Pearce
Love it or hate it, cashflow modelling is an integral part of the modern financial planning client journey. Yes, I know some of you are in the latter camp and will be rolling your eyes at what I’ve just said, but the majority of financial planning firms now see the value in modelling tools. If you’re not using one, you’re not keeping up with the times. However, there is quite a major elephant in the room.
