Sam Shaw


Consolidator ups ‘war chest’ for advice firm acquisitions

Worcestershire-based AFH Group has increased its latest rights issue from £15m to £17.5m to meet investor demand. Just two days after its latest acquisition announcement – confirming the purchase of Colchester adviser Britton Financial – the acquisitive financial planning and wealth management group upped its share issuance hours after an early stock exchange announcement. Today’s issue is […]

Christmas gifts

CISI hits out at FCA inducement ban

The Chartered Institute for Securities & Investment has warned of unintended consumer detriment under the FCA’s proposed inducements ban. The CISI says while “extravagant hospitality gifts and monetary inducements are clearly unacceptable”, a blanket ban could restrict the opportunity for optimum knowledge sharing, networking and mutual understanding of products and services available across the industry. […]


Fidelity pensions head leaves firm

Fidelity International head of pensions policy Richard Parkin is leaving the firm after 15 years to take some time away from the industry. While a direct replacement will not be appointed, head of pensions product Carolyn Jones will take on more externally facing duties following his departure at the end of December. A Fidelity spokesperson […]


Will the Govt’s new guidance body live up to its promise?

Questions have been raised as to whether the Government’s new guidance body will end up with the right remit as the Lords continue to debate what the new service will look like. As the proposed single financial guidance body’s “to-do list” looks to be growing a year before it has even launched, the Government is […]

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‘Rigorous’ DB transfer redress calculation welcomed

The FCA’s latest guidance on calculating unsuitable DB transfer advice redress has been welcomed by the market for being more fair and rigorous. The FCA last week published guidance on how pension transfer complaints should be handled. The regulator started a consultation in March to update how redress is calculated for unsuitable pension transfer advice. The guidance […]


Master trusts taking too much risk in run up to retirement

The risk profiles of many default master trust funds at the start and the end of the retirement journey need an overhaul, recent research by Hymans Robertson reveals. With master trust arrangements accounting for 94 per cent of the UK market and representing seven million people’s pensions arrangements, the consultancy has interrogated their risk exposure […]


Dashboard control in question as Govt discusses next steps

The dashboard prototype was delivered to Government in March Responsibility for the pensions dashboard could soon pass from the Treasury to the Department for Work and Pensions, Money Marketing understands, in a move set to be welcomed by the industry. While the DWP only says it is considering the next steps on the idea and […]

DB deficits hold steady at £460bn

The combined deficit of the UK’s defined benefit pension schemes has fallen by 35 per cent in the last year, according to the latest figures from PwC, but has not improved in the most recent data. The consultancy firm’s monthly Skyval Index, which tracks the levels of assets, liabilities and deficit of the UK’s 5,800 […]


How advisers are reaching out to younger clients

The advice profession is racing to meet the challenge of bringing younger clients onto its books. The average age of IFAs may not be falling, but with the rise of the digital age they are employing newer and more innovative tools and techniques for their delivery. But how do clients who may be many years […]