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

Advisers flag doubt over DB market performance

Three quarters of advisers feel the defined benefit transfer market is struggling to match supply with demand and work effectively, research shows. Figures from Aegon found two thirds of surveyed advisers who currently provide DB advice say there are not enough specialists to meet customer demand. These figures follow the FCA’s reveal of a recent […]

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Treasury to probe mini-bond regulation after LC&F collapse

The Treasury will look at whether the regulatory framework around mini-bond investments is suitable following the collapse of provider London Capital & Finance earlier this year. According to Reuters, junior finance minister John Glen flagged the finance ministry’s involvement in the ongoing case in a letter to lawmakers published on Monday. Glen says the Treasury […]

Consolidator poaches Newell Palmer director to spearhead expansion plans

Advice firm consolidator Perspective Financial Group has appointed former Newell Palmer executive Kevin Homfray to lead its expanded acquisition strategy. The Cheshire-headquartered group says Homfray will drive its “ambitious acquisition plans” in the new role of acquisition director. The group is also looking to merge established advice firms with its 15 existing offices across England. […]

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£1 model portfolio service launched by Invesco’s Intelliflo

Back office provider Intelliflo has launched an integrated model portfolio system that will see investment manager parent Invesco charge advisers £1 per client. This follows Invesco’s acquisition of Intelliflo last year which left it with a development budget of £3.7m to upgrade and extend its services. The £1 per client per month charge will be […]

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Young investors want performance over ESG

Millennials are more concerned with long-term returns and fee transparency than with picking ethical investment funds for their portfolios, Calastone research shows. Young investors between 23 and 35 in the UK, France, Germany, Australia, Hong Kong and the USA say returns on capital, low fees and transparency are the most important considerations. A total 53 […]

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FCA writes to wealth managers over fraud concerns

The FCA has written to wealth managers and stockbrokers saying it plans to tackle firms that enable fraud as one of its top priorities, Money Marketing has learned. The Dear CEO letter seen by Money Marketing was sent to firms on 13 June and asks them to consider whether their business operations harm the wider […]

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Aviva denies any plans for UK business split

Aviva has confirmed there are no plans to split its UK business in two parts despite talks last month of a shake-up under new chief executive Maurice Tulloch. The Financial Times reported in May that the life insurance and non-life insurance parts of the UK operation could be split in a bid to re-energise the […]

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Succession won’t waver on DB transfers as growth plans ramp up

Succession Wealth will revamp its focus on growth, acquisitions and specialised services with no plans to limit the amount of defined benefit transfers its advisers carry out. Despite complex rules, increasing supervision and negative attention on DB activity, Succession group communications and public relations director Mark Stokes says the group remains committed to providing transfer […]

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Can anyone define adviser value?

Most who get advice are satisfied, but how do you quantify what a great financial plan is worth? Advisers in the post-RDR world are keener than ever to prove that the benefits of sound financial advice extend well beyond where client money is invested, contributing something special that those simply getting guidance cannot benefit from. […]

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FSCS declares five advice firms in default

The Financial Services Compensation Scheme has published its latest list of defaulted firms with advice businesses featuring prominently again. Five advice and wealth management firms appear on the list of eight. Philip Ogden Financial Planning in Northamptonshire has been declared in default, along with Cumbria-based GGC Independent Financial Advice and Liverpool firm The O’Rourke Partnership. […]

Foster Denovo launches platform

National advice firm Foster Denovo has launched an investment platform for its in-house advisers. Money Marketing first reported the platform was in its pilot phase in February. It has been built by London-based Host Capital and will offer bespoke functionalities and service compatibilities. Foster Denovo says the “competitively priced” platform, branded Clearview, will provide its […]

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Succession acquires six advice firms as assets pass £8bn

Succession Wealth has acquired six advice firms across the UK in a new phase of growth that will see it target more regional areas. Together, the acquisition deals total £800m in assets under management, with 16 advisers and 2,100 clients joining the group. Bristol firm Ellaby Pollard, Warwick Butchart Associates in Cheltenham and Winter Financial […]