Phil Young: Four huge opportunities in open banking

Open banking could drive advice forward faster than anything else, although it is not without its risks You will have heard a few people talking about open banking lately, so what is it? Its origins are in yet another piece of European regulation – the second Payment Services Directive – and it was pushed along […]


Vanguard: Automation is helping advisers hold onto clients

Advisers are using more automated technology to spend more time with clients and be more competitive in retaining them, figures show. The Vanguard 2018 adviser-client survey tracks the use of technology and automation in advice firms. More than half of the 300 adviser respondents say they automate cash flow projections, fund selection, portfolio management, and […]

Top rip-offs and sympathy for teachers: The Wells Street Journal

A weekly account of the curious goings-on in the world of financial services from Money Marketing’s diary page on Wells Street Who grinds your gears? This week, Money Marketing columnist Paul Lewis took to Twitter, asking his followers to reveal who they feel rips them off the most. Lewis encouraged Tweeters to contain their frustrations […]

Transact funds jump 18% as IPO beds in

Platform Transact has increased funds under direction by 18.6 per cent over the financial year to reach £33bn. Funds under direction were nearly £28bn for the financial year ended 30 September 2017, rising to £33.1bn for the year ended 30 September 2018. The results published by IntegraFin Holdings, which owns Transact, show funds under direction […]