Hope William-Smith

Hope is a Senior Reporter with Money Marketing. She joined the title from FE’s Money Management in Australia, where she was Features Editor. Hope can be contacted at hope.williamsmith@centaurmedia.com or on 0207 970 4688

Octopus appoints CEO to lead advice and investment business

Octopus Group has appointed its former chief customer officer, Ruth Handcock, as chief executive of the investment business. Handcock will be the first new chief executive since Octopus was founded in 2000 and will lead the group’s investment business. She joined the company from of challenger bank Tandem in July 2018. CEO Simon Rogerson will […]

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Are DFM deals really taking risks off advisers?

Advisers must be able to trust their discretionary fund manager as decisions that backfire could still be the advisers’ responsibility, experts say. In the latest edition of Money Marketing’s series of live debates, MM Wired, gbi2 consulting director Graham Bentley, Signpost Financial Planning chartered financial planner Nigel McTear, Charles Stanley senior investment manager Will Walker-Arnott […]

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Death of protection commissions, new titles and no fee flexibility: What Australia’s Royal Commission has ruled for advisers

What Australia’s Royal Commission has told advisers down under After 14 months of investigation, the final report from the Australian government’s Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry was tabled in parliament last week. The 1,000-page document includes 24 recommendations for Australia’s corporate and prudential regulators to tackle misconduct better. […]

Foster Denovo buys up Kent advice firm

National advice firm Foster Denovo has acquired Kent-based adviser Orchard Wealth Cultivation for an undisclosed sum. The group says the deal is the first in “a number of expected acquisitions for 2019”. Orchard founders Mike and Sally Wiggins will now join Foster Denovo and continue servicing their existing client banks. The agreement for the purchase […]

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Compliance tops business challenges for advisers

Compliance is the main business challenge for advisers who struggle to foot the bill for expensive ways to keep ahead of regulatory change, Fidelity figures show. Research from NextWealth and Fidelity Funds Network found 80 per cent of advisers place compliance ahead of increasing business efficiency, improving technology and recruiting staff on their list of […]

Interactive Investor to launch advice proposition

Flat-fee platform Interactive Investor will launch an advice proposition this year built off its £40m purchase of fellow platform Alliance Trust in November. The ATS is split between direct-to-consumer and advised offerings and is popular for its fee-structure despite profitability issues which have dogged results since 2015. Together, the platforms hold a combined £35bn in […]

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Foster Denovo confirms tech partner for new platform

National advice firm Foster Denovo will use London-based Host Capital’s digital offerings to help build its new investment platform. Foster Denovo is in the early stages of the development using Host Capital’s digital wealth solutions. The platform’s system will also use Tercero software from software provider Third Financial Service. The Tercero platform already manages around […]

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Claims firms should expect a bottleneck ahead of PPI deadline

Firms processing payment protection insurance complaints need robust capacity to handle a potential late onslaught of clients, according to consultancy Huntswood. Managing director Steve Kitchen says this will also include added pressure from the FCA and Financial Services Ombudsman. He says: “They will be keeping a very close eye on how firms deal with their […]

Harwood acquires second advice firm for 2019

Advice firm consolidator Harwood has acquired Somerset-based IFA Castleton Financial Planning for £1.6m. The purchase price is payable at 50 per cent on completion which is expected to be in April. A further two instalments of 25 per cent each will be paid 12 months and 24 months after the completion date of the Castleton […]