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

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Building the perfect financial adviser

Can you go from zero to planning hero? New recruits are not entering the advice industry at the rate required to meet the growing need for service, despite strong salaries and job satisfaction. A joint report from recruitment consultants BWD and Money Marketing earlier this year showed average adviser earnings soared to £93,100 in 2017, […]

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SJP positive on academy growth

St James’s Place is positive about the growth of its 250-strong academy despite reporting a loss in its advice arm for 2017 earlier this month. The restricted advice giant posted a loss of £35.4m for 2017, an increase on the £24.8m loss in 2016. A breakdown of SJP trainees provided to Money Marketing by the […]

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Succession targets larger IFAs as it changes buy-out model

Consolidator Succession Group is changing its model for buying advice firms as it eyes larger acquisitions. Money Marketing understands the change will see acquisitions fully completed in an initial transaction, with firms no longer having the option to take shares in the group. It is understood other offers will be made. Succession has acquired 51 […]

FCA to review authorisation information causing confusion

The FCA will review information on its website about part of its authorisation process the Complaints Commissioner says is causing confusion. The information that will be reviewed relates to “minded to refuse” letters, which are sent to firms or individuals outlining the reasons why the regulator is considering refusing their application for authorisation. In the Complaints […]

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Investment heavyweights back financial education programme for teens

The New Model Business Academy is running a free financial education programme for teenagers that will be delivered by advisers. NMBA, part of the SimplyBiz Group, is partnering with M&G Investments, Zurich, Vanguard and BMO Global Asset Management to sponsor the programme. The programme will be delivered by financial advisers who have contacts at schools, […]

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Wealth management boss charged with fraud

The former managing director of a Hertfordshire wealth management firm has been charged with fraud by the City of London Police. Freddy David, previously managing director of HBFS Financial Services, was charged with obtaining money transfers by deception and fraud by abuse of position. David was released on bail to the City of London Magistrates […]

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FCA seeking tax advice on Connaught redress

Investors who lost money after the collapse and suspension of the Connaught Income Fund in 2012 will now have to wait for the FCA to seek specialist tax advice before redress payments can be distributed. Although administrators Duff & Phelps have now received previously missing data needed to complete the redress calculations, the regulator has […]

Advice firm partners with university to tackle recruitment challenge

Bournemouth-based IFA Kevin Forbes of Strategic Solutions has partnered with consultants from Simplify Consulting, representatives of Bournemouth University and other IFAs to launch a student placement programme to encourage young people to join the profession. The “plug and play” initiative Future of Advice is aiming to get 10 students each year placed in advice firms […]

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Pension transfer values rise in May

A fall in gilt yields in the second half of May has lead to a rise in pension transfer values, according to XPS index. Despite transfer value index fluctuation in May, pension transfer values saw an overall rise during the month. Figures from the XPS Pensions Group show the index was £232,000 at the end […]

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Adviser banned over fake qualifications

The director of a one-man financial advice firm has been fined and disqualified by the FCA for issuing false qualification documents. Darren Cummings, of Northern Irish firm DCC Financial, fabricated two statements of professional standings, claiming they were issued by the CII. According to a final notice, the FCA found the SPS 1 and SPS […]