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1 month ago | 
moneymarketing.co.uk | Mark Sanderson |Dan Cooper |Yasmina Siadatan
The Financial Conduct Authority (FCA) has challenged advice firms to ensure more clients engage with the ongoing advice services they pay for. The industry had a long, uncomfortable wait to hear from the FCA about the outcome of its review of ongoing advice, based on input from 22 of the UK’s largest advice firms. In the end, the FCA’s review was largely positive. It only found 2% of cases where firms had made no effort to offer a review.
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1 month ago | 
moneymarketing.co.uk | Darius McQuaid |Yasmina Siadatan |Nic Cicutti |Salome Asabre
A new report has outlined what government reforms are required to unlock the private banking and wealth management (PBWM) sector’s “full potential”. The report was released by the Personal Investment Management & Financial Advice Association (PIMFA), UK Finance and KPMG UK today (20 May). The ‘UK Private Banking and Wealth Management: Harnessing the Sector to Deliver Economic Growth’ report outlines four key pillars of reform needed.
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1 month ago | 
moneymarketing.co.uk | Darius McQuaid |Robin Powell |Yasmina Siadatan
Fintegrate has partnered with ZeroKey to empower financial advisers and paraplanners to eliminate manual data entry by connecting their clients’ policies directly into Fintegrate’s platform. By integrating with ZeroKey’s technology, Fintegrate users will save “significant time”, reduce errors, and ensure data integrity as client information flows “effortlessly” between systems. Fintegrate founder and CEO Gurdit Singh said: “We’re thrilled to partner with ZeroKey.
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1 month ago | 
moneymarketing.co.uk | Darius McQuaid |Dan Cooper |Yasmina Siadatan
Good morning and welcome to your Morning Briefing for Monday 12 May 2025. To get this in your inbox every morning click here. Retirees not confident their private pension savings will last for life Just under half (48%) of mid-retirees aged 65-75 who do not pay for financial advice are confident they are on track to make their private pension savings last for life. This is according to the report Retirement Reality: Managing money in mid-retirement from Aviva and Age UK.
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1 month ago | 
moneymarketing.co.uk | Yasmina Siadatan |Dan Cooper |Julie Littlechild
If I look back over my life so far, I can pinpoint moments of vulnerability. You probably can too. Life events like bereavement, divorce, serious illness, redundancy, or the challenges of running a business can knock us off course — personally and financially — and make us more reliant on those around us for support. These are often the moments when people first seek financial advice.
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Feb 28, 2025 | 
moneymarketing.co.uk | Momodou Musa Touray |Yasmina Siadatan
Abrdn has appointed Siobhan Boylan as its new chief financial officer (CFO). Boylan will join the wealth manager during the summer, subject to regulatory approval. She replaces Ian Jenkins, who has been in the CFO role on an interim basis since Jason Windsor was appointed Abrdn chief executive. Jenkins will step into a new role as CFO of Abrdn Investments business when Boylan joins the company.
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Feb 26, 2025 | 
moneymarketing.co.uk | Darius McQuaid |Matthew Connell |Momodou Musa Touray |Yasmina Siadatan
The FCA has said it will launch a multi-firm review of model portfolio services (MPS) in 2025 to assess how firms are implementing the Consumer Duty. In a letter the city watchdog published today (26 February) it explained that MPS have been growing “at pace”.
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Feb 24, 2025 | 
moneymarketing.co.uk | David W Coombs |Dan Cooper |Yasmina Siadatan
In contrast to the outrageously strong US economy, Britain is having a grim run that would be forgettable if it wasn’t so menacing. GDP growth has flowed out just like flows from overseas investors. Business confidence collapsed on the Budget’s soon-to-be-implemented tax rises on employers, while consumers aren’t exactly chipper either. Into this malaise was sprinkled a measure of dread when a sharp rise in US bond yields took gilts with them.
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Feb 21, 2025 | 
moneymarketing.co.uk | Tom Browne |Yasmina Siadatan |Momodou Musa Touray
The latest Spot the Dog report from online investment service Bestinvest has identified 137 consistently underperforming equity funds, holding a total of £67.44bn in investor wealth. While the number of ‘Dog’ funds remains unchanged from the last edition, the level of assets held by these underperforming investments has surged by 26%, rising from £53.42bn. Published twice a year, Spot the Dog tracks funds that have underperformed their market benchmark over three consecutive years by at least 5%.
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Feb 19, 2025 | 
moneymarketing.co.uk | Adrian Boulding |Yasmina Siadatan |Kimberley Dondo
Inheritance tax (IHT) is a highly emotive and poorly understood subject. The general noise around unused pension pots being brought into IHT – since the surprise announcement in last Autumn’s Budget – will no doubt have prompted many discussions with clients. The new rules may well change people’s attitudes to their retirement and estate planning. But a lot could happen between now and when they are due to come into effect.
