Editor’s note: DFMs need to focus on adviser service

Let’s talk about discretionary fund managers. It’s an important conversation to have: even advisers who adore their investment manager admit that the market as a whole is murky, highly profitable and a nightmare to compare. They are also growing in importance, in terms of both volume of assets and the number of advisers that are […]


Claire Walsh: Why advice firm bosses should be hands off

I have noticed a new trend among advisers at conferences lately. Instead of boasting about the number of clients they have or the size of their cases, all the talk now is about how little they are working. This struck me the most when I was listening to someone extolling his recent yachting trip. The […]

Rathbones profits up as assets near £40bn target

Rathbones has posted an 18 per cent increase in profits,  helped by strong markets and net inflows of new client money pushing total assets closer to its target of £40bn. In its results published today, the wealth manager says assets under management during the period were £39.1bn, an increase of 14 percent from the previous year, […]


Barclays keeps quiet over potential advice market re-entry

Barclays has remained quiet on potential plans to re-enter the retail advice market. The bank closed its advice arm, Barclays Financial Planning, in 2011, but last February Money Marketing reported on plans that it would re-enter the market through a combination of online and face-to-face advice. This would build on the success of direct-to-consumer platform […]


Scottish savers told to notify HMRC to get extra 1% tax relief

HM Revenue & Customs has published guidance on how new income tax bands in Scotland will affect pension schemes and their members. The note is a response to the Scottish Government’s confirmation it will introduce five income tax bands for 2018/19. Pension savers in Scotland currently receive pension tax relief at their marginal rate but […]


SimplyBiz eyeing £150m float

SimplyBiz Group is considering an initial public offering of £150m on the London Stock Exchange. According to a Reuters report, the potential float could value the company between £140m and £155m and is expected to raise £30m of new money. SimplyBiz joint group chief executive Matt Timmins confirms the business has recently appointed Zeus Capital as […]