Victoria Bell

Acton, London

Senior Reporter at Citywire New Model Advertiser

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Articles

Govt holds review to mandate pension funds to invest in UK equities

3 days ago | citywire.com | Victoria Bell

Pensions minister Torsten Bell is holding a review on whether the government should introduce a mandate for pension funds to invest in UK equities. A report in The Sunday Times said the government is set to give itself the power to force funds to comply with a voluntary pact, due to be announced this week, to invest in more UK assets by 2030. One government source told the publication the review is expected to hold pension funds to account if they do not comply. Already have an account?
Govt holds review into mandate to force pension funds to invest in UK equities

3 days ago | citywire.com | Victoria Bell

Pensions minister Torsten Bell is holding a review on whether the government should introduce a mandate for pension funds to invest in UK equities. A report in The Sunday Times said the government is set to give itself the power to force funds to comply with a voluntary pact, due to be announced this week, to invest in more UK assets by 2030. One government source told the publication the review is expected to hold pension funds to account if they do not comply. Already have an account?
Ascot Lloyd creates platform panel two years after launching white-label

1 week ago | citywire.com | Victoria Bell

Consolidator Ascot Lloyd is developing a platform panel two years after launching a white-label with SS&C Hubwise, Citywire New Model Adviser has learned. Sources told NMA the panel will be ready towards the end of the year to give its advisers ‘more flexibility’. An Ascot Lloyd spokesperson told NMA it ‘continuously assesses’ the services it offers to ensure they meet the needs and demands of clients. Already have an account? Which of the following best describes your role?
'Am I the oldest adviser to get chartered? Probably not a million miles off'

1 week ago | citywire.com | Victoria Bell

Last year, NMA Top 100 advice firm Strategic Solutions announced it had the youngest adviser in the country to get chartered. Now its most recent to pass the exam could be the oldest. Bournemouth-based Strategic has 31 advisers, 22 of whom are chartered. Unusually for the advice profession, Dave Stone is somewhat an outlier among his younger colleagues, most of whom are below 40 when they reach chartered status.
Clifton AM taps hires former Succession director as CRO

1 week ago | citywire.com | Victoria Bell

Bristol-based advice consolidator Clifton Asset Management has hired Jo Swain as its chief risk officer, a new role created by the business. Swain joins Clifton from Succession Wealth, where she was compliance director. She will start her role on the main board of the Clifton Group in the coming weeks. Clifton AM, which has just received a major investment from private equity firm CBPE Capital, now has around £2.5bn in assets under management (AUM). Already have an account?
Allfunds CEO eyes UK adviser platform

1 week ago | citywire.com | Victoria Bell |William Robins

Many IFAs won’t have heard of Allfunds. But the European fund platform giant, based in Madrid, is the one of the largest sub-custodian platforms in the UK. Essentially, it’s a platform for other platforms, where custody is outsourced to a third-party. The business holds all the relationships with the fund managers and settles trades. Its UK clients include True Potential, SEI, Rathbones and Fundment. But could it move into being an adviser platform itself?
NMA Top 100 firm Fidelius buys stake in London IFA

2 weeks ago | citywire.com | Victoria Bell

Citywire New Model Adviser Top 100 firm Fidelius has bought a stake in financial planning firm Vobis following an investment from Swedish wealth giant Söderberg & Partners last year. Fidelius, which has around £2bn in assets, has acquired a non-controlling stake in Vobis, marking a further expansion into the London and Leeds market. Vobis has around £140m in assets and specialises in advice for high-net-worth clients.
Ministers threaten legal power if pension funds don't allocate to UK equities

2 weeks ago | citywire.com | Victoria Bell

The government is looking at introducing new legal powers to pressure pension funds to allocate 10% of their assets to UK equities, industry executives have told the Financial Times. Chancellor Rachel Reeves and pensions minister Torsten Bell are said to be conducting a review that will explore introducing the mandate through the Pensions Schemes Bill this summer. A deal is to be signed next month for pension funds to make a ‘voluntary’ commitment to invest in more UK assets by 2030.
Exclusive: Hargreaves Lansdown eyes outsourcing platform tech

2 weeks ago | citywire.com | Victoria Bell

Hargreaves Lansdown is reviewing the market for a new technology provider for its £157bn platform, Citywire New Model Adviser has learned. A request for proposal (RFP) process is currently underway, with platform technology service providers SS&C and Pershing being considered, according to a source familiar with the plans. The talks are said to be in the early stages, and the business is speaking with a number of potential third parties about a variety of possible options.
Lloyds taps GBST to replace old school tech at Halifax Share Dealing

2 weeks ago | citywire.com | Victoria Bell

Lloyds Banking Group is in talks with GBST to replatform Halifax Share Dealing (HSDL) to its technology, Citywire New Model Adviser has learned. The move would be a departure from an original plan to replatform the online broker to its platform tech giant FNZ. A source familiar with the plans said Lloyds is in the discovery phase with GBST and is running six weeks of initial workshops in Leeds, where HSDL’s current platform technology operations are based. Already have an account?