Katie Marriner

Katie Marriner is Money Marketing’s platforms reporter. She joined the title from Insurance Post and has previously worked as a health journalist. Katie can be contacted at katie.marriner@centaurmedia.com or on 0207 943 8030.

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National firm LEBC buys Bristol IFA

National advice firm LEBC has acquired Bristol IFA Aspira Corporate Solutions in a deal valued at £5m in cash and shares. Aspira has nearly £0.5bn in assets under advice, 50 staff and more than 11,000 clients. Aspira chief executive Derek Miles will join the LEBC senior management team. LEBC says the acquisition will “increase turnover […]

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AJ Bell reports 25% boost to AUA

AJ Bell saw assets under administration increase by 25 per cent to £39.8bn in 2017 for the 12 months ending 30 September 2017. In 2016 AUA was £31.8bn. The business also reported a 29 per cent increase in profit before tax to £21.7m (2016: £16.8m). AJ Bell says the increase in AUA was largely driven […]

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FCA working group mulls multiple fund charge templates

The FCA working group tasked with setting a template for fund charge disclosure is considering whether one or multiple templates would be more suitable. The institutional disclosure working group, chaired by transparency champion Chris Sier, has been tasked with creating a new template for fund costs and charges following the package of remedies outlined in […]

Zurich drops platform charges for large portfolios

Zurich is more than halving its platform charge for investors with large portfolios from 0.22 per cent to 0.1 per cent. The 0.22 per cent charge is currently levied on investors with portfolios over £1m. Zurich is also lowering the assets under administration threshold for its highest tier from £1m to £500,000. Currently investors with […]

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SJP stops accepting DB transfers from British Steel members

St James’s Place has confirmed it will no long accept new defined benefit pension transfer requests from members of the British Steel Pension Scheme. At a work and pensions select committee hearing this morning, it was estimated that of the 38,000 BSPS members, 12,200 have applied for a transfer value and more than 2,000 transfers […]

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Tech firm FNZ takes stake in robo-adviser

Technology firm FNZ has invested in robo-adviser Advicefront, which is also backed by other leading financial planning figures. FNZ today announced it has completed a strategic investment in the company. Advicefront, which is an automated advice platform, started in 2015 and its original investors include former Bloomsbury Financial Planning principal Jason Butler, Tilney investment director […]

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Old Mutual Wealth poaches from Aegon for platform hire

Old Mutual Wealth has appointed Jeremy Mugridge as proposition marketing head for its platform. Mugridge previously worked in marketing at Old Mutual Wealth but now joins the business from Aegon where he was working on consultancy projects. In his new role he replaces Tom Hawkins who will lead Old Mutual Wealth’s team of office-based consultants. […]

No change to FOS funding model next year

The Financial Ombudsman Service does not plan on making any changes to the way it is funded in the next financial year. The FOS published a consultation today about its proposed plans and budget for the 2018/19 financial year. The consultation says the organisation is aware it will need a funding model that accounts for […]

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Aviva apologises over website glitch

Aviva has apologised after a website issue left some advisers unable to submit applications on behalf of clients last week. Money Marketing understands online access was disrupted until at least 5:30pm last Friday. It is understood some advisers were unable to submit applications on behalf of clients, for example, life and critical illness cover applications. […]

FCA backs public meeting over British Steel pensions

The FCA, The Pensions Regulator and The Pensions Advisory Service are to attend a public meeting at Port Talbot on Thursday for British Steel Pension Scheme members. The FCA confirmed the meeting was taking place and that executive supervision director investment, wholesale and specialist Megan Butler would represent it there. The meeting is a chance […]