Old Mutual Wealth replaces consultants on replatforming project
Around 20 Accenture staff worked on Old Mutual’s replatforming, but have been sent home after IFDS was kicked off the project.
Mark Devlin: Turning the annual allowance tax trap into tax relief
With the right of course of action, advisers can help reduce the personal allowance tax trap bill.
1
The happiness project: A positive story about the advice market
“Adviser happiness index” suggests firms have a positive outlook despite the challenges of the advice sector
John Chatfield-Roberts: A precarious post-election investment environment
Prime Minister Theresa May’s lost majority has significantly weakened her leadership both at home and abroad.
Fund groups: We’re ready for Mifid II research rules
The majority of fund management groups have said they will be compliant on Mifid II rules on time, but research providers are still failing to engage with groups on pricing setting, a survey shows. Fintech firm RSRCHXchange reveals asset managers are fully aware of the changes MifidII will bring on the way investment research is […]
1
Lighthouse boss hits out at ‘abject nonsense’ of FSCS levies
Malcolm Streatfield says current FSCS levies are a “disproportionate tax” on good advice firms
FCA urged to continue adviser engagement after chairman heralds exit
Regulatory experts have urged the FCA to continue the strategy of working with advisers set in train by chairman John Griffith-Jones as he prepares to leave the regulator. Griffith-Jones will step down at the end of his five-year term in March next year. Threesixty compliance director Russell Facer says, while Griffith-Jones’ expenses bill of £40,000 last […]
Competition regulator approves Standard Life/Aberdeen merger
The Competition Markets Authority has given the £11bn Standard Life and Aberdeen Asset Management merger the green light putting the deal on schedule to complete before the end of summer. A regulatory note on the London Stock Exchange confirms the transaction has been cleared unconditionally. The merger, which was approved by shareholders on Monday, will […]
Andrew Tully: TVAS rules are not fit for purpose
The dramatic rise in final salary transfers is the most significant trend the world of pensions has seen over the last year. Many people are attracted by the high transfer values currently on offer, as well as the flexibility, control and superior death benefits available. However, some may overlook or not fully understand the longevity […]
DFM Tatton to float as part of Paradigm Group
Tatton Asset Management is set to float on the London Stock Exchange next month, bringing both its DFM service and support service network Paradigm to the public market. Tatton hopes to raise £50m from the deal. The firm will list as Tatton Asset Management, splitting into three subsidiaries: Tatton Capital Limited for DFM services; Paradigm […]
2
The key to happiness: Being an adviser
Pensions, the weather and Princess Diana. These are said to be the go-to staples of a certain tabloid when news is particularly slow. If there were to be an adviser equivalent, stories about FCA bans and fines, fraud, celebrities and poor advice would be up there. Last week we saw footballer Alan Shearer settle a […]
1
Bank chief economist at odds with Carney over rate rises
Andy Haldane plans to vote for a rate rise later this year as Bank governor says “now is not the time” for an increase
17
FCA director: ‘We have made it clear contingent charging is higher risk’
The FCA published its consultation on advising on pension transfers this morning
FCA DB transfer review: The numbers you need to know
For more on what the FCA said on DB transfer advice this morning see: FCA proposes scrapping assumption DB transfers are unsuitable FCA looks to set new format for TVAS reports
2
Queen’s Speech paves way for social care reform
The Government will also introduce a financial guidance and claims bill
3
FCA looks to set new format for TVAS reports
Regulator sets out a new calculation for an “appropriate” pension transfer analysis on how benefits being given up should be valued
5
FCA proposes scrapping assumption DB transfers are unsuitable
Regulator admits rollout of pension freedoms has “altered the options available” and for some consumers a transfer may now be suitable
Investors urge rigorous research as China shares win MSCI inclusion
China shares are to be added to MSCI indices following a long debate with institutional investors and regulators on their inclusion. From May 2018 China’s onshore A shares will be included in the flagship MSCI Emerging Markets index as well as the MSCI ACWI index, following a consultation launched by MSCI in March 2014 to […]
Hammond sets out his approach to Brexit
Chancellor says the first priority is regulatory rules around cross-border business between the UK and the EU
1
Standard Life challenged over potential Scottish Widows deal
Analysts have questioned the motivation behind Standard Life’s potential acquisition of Scottish Widows. They argue time might be wrong for Standard Life to engage in another deal, as reports suggest talks with Scottish Widows will kick off this week just as Standard Life and Aberdeen shareholders have officially approved their £11bn tie-up. Lloyds Banking Group, […]
2
New pensions minister to lead future of guidance
Wide-ranging brief will include creating a single guidance body and oversight of The Pensions Regulator and The Pensions Ombudsman
1
Tom Hegarty: The desperate need for adviser apprentices
The question is not what you can do for your apprentice, but what your apprentice can do for you
1
Stephen Womack: The benefits of time out of the office
Talking informally with like minded individuals can help advisers see problems in a new light
CISI planning chief’s top recruiting tips
A lot of people have told me recently how hard they are finding it to recruit good quality staff. There are a number of things to think about when looking to recruit. Once you have identified the specific tasks you want doing and have written a job description, you will probably place an advert or contact […]
4
Alistair Cunningham: Lessons from the Great Pension Transfer Debate
The fact that fellow financial planner Al Rush could organise an event on defined benefit transfers in a little over two months, in the middle of nowhere, and fill it with in excess of 250 pension professionals on one of the hottest days of the year is evidence of the attention and concern this topic […]
3
Simon Collins: Suitability is nothing without proper disclosure
It is disappointing that the positivity around suitability is undermined by a lack of clarity over what advisers’ services provide and how much they cost
Lisa Winnard: Four steps towards outstanding client service
Clear direction will help your staff towards clients service wins
2
Robert Reid: The details behind the client experience
Noting the smaller details is important, especially where we are trying to create a culture of empathy
11
Ros Altmann: Setting out the case for DB transfers
There are some compelling arguments in favour of DB transfers but the decision is irrevocable
8
Nic Cicutti: Where were the financial reasons to vote Conservative?
Labour masterstrokes put Conservative pre-election inducements in the shade.
3
Time for the FCA to be honest on DB transfers
The FCA needs to step in with clearer rules to cut through the DB transfer noise
Hugh Young: China’s domestic equities’ time to shine
It is vital passive investors know what they are holding if China A-Shares make it into the MSCI Emerging Markets index
Is adviser networking worth it?
Networking can be extremely useful to advisers in businesses that work in isolation. But how do you ensure doing so does not waste precious time?
Tony Wickenden: Don’t let your business be a victim of its own success
Thinking of selling up? Entrepreneurs’ relief could be jeopardised by investment assets or surplus cash
1
Richard Buxton: The hard facts on a soft Brexit
Investor discipline is required more than ever when political emotions are running high
3
Gregg McClymont: Heed the DB transfer warning signs
Defined benefit transfers are big business, but advisers do not have to look too far back into the past for a cautionary tale
1
How advisers can make sure client data is secure
While some advice firms may be a little apprehensive about next year’s introduction of the EU’s general data protection regulation, it offers an opportunity to improve business practices and client relationships. Firms have a year to prepare for full implementation of the GDPR, which represents the most important change in data privacy regulation in 20 […]
2
Danby Bloch: Maximising tax breaks on casual earnings
The £1,000 allowances aim to make life simpler and more certain for people with a little income from casual sources.
Tony Wickenden: The impact of surplus business cash
If substantial amounts of surplus funds are directed towards investment activity, the company may fail the entrepreneurs’ relief “trading” requirement
Election 2017
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MM Wired: Beyond the election – On demand
Title: MM Wired: Beyond the election Date: Thursday 15th June Time: 11am Money Marketing Wired returned in association with The UK Edge on Thursday 15 June with a topical debate on the election results. To see the full on-demand version of this session, please watch the video above. Panelists Stephanie Flanders – Chief Market Strategist (UK […]
Standard Life/Aberdeen merger: What we know so far
MM takes stock of the mega-merger set to shake-up the asset management industry
5
Watch: Where do your FCA fees go?
Money Marketing takes a look at where your regulatory bills go after the FCA released its latest levies this week.
Watch: Danby Bloch on what advisers should expect from the Budget
Ahead of the Budget tomorrow, Money Marketing editor Natalie Holt speaks to Helm Godfrey chairman and Platforum consultant Danby Bloch about the backdrop to Chancellor Philip Hammond’s first Budget speech. Bloch discusses the expectation around changes to National Insurance contributions and income tax, and the implications for the self-employed. He also gives his thoughts on […]
The Merchants Trust
Simon Gergel, portfolio manager, The Merchants Trust, Allianz Global Investors, discusses the aim and objective of the fund, what challenges there are in running a concentrated portfolio, where to find the most value in equity markets and how the portfolio is currently positioned.
Changes to capped drawdown tables
The tables used for capped drawdown maximum income calculations have been updated. We look at the reasons for the change and what the impact could be.
Three years of Modi: what next for India?
Kunal Desai, Head of Indian Equities. Three years ago India’s Prime Minister Narendra Modi swept into power in an historic election. The first party in the country’s history to govern without the need for coalition support, Modi’s BJP was voted in on the promise of an impressive reform agenda. Under Modi, India’s macroeconomic health is […]
Sourcing income from equities and bonds…
With bond yields and interest rates stubbornly low, sourcing income remains a challenge. Here, James Foster and Jacob de Tusch-Lec explain their view
The Industrial Revolution: UK property market update
Tim Greenway, Property Analyst at Royal London Asset Management, looks at the opportunities offered by the industrial sector in his latest UK property market update. Read the article here The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not get back […]
Would you take a tennis racquet fishing?
Les Cameron, Head of Technical, explores defined benefit pension transfers from a technical viewpoint, tackling the topics such as transfer values and transfer drivers.
2
Profile: Darren Cooke on being the face of the pension cold calling ban
Red Circle director on getting his hard-won legislation back on track now the election is over
2
Profile: Perceptive’s Billingham on being proud to be an adviser
Perceptive Planning operations director Phil Billingham says advisers should be positive and hold their heads high
Profile: The man behind Bellpenny’s independent advice arm
John Male on why remaining independent was key to agreeing to Bellpenny acquisition deal
