Handshake 480

Beaufort Investments appoints new CIO

Discretionary fund manager Beaufort Investment has promoted internally to fill the position of chief investment officer and has also appointed a new funds research executive. Beaufort Investment is part of the vertically integrated Beaufort Financial group. Head of portfolio construction Shane Balkham has been appointed as CIO and investment analyst Emma Clarke has been named […]

Five minutes with…The Lang Cat’s Steve Nelson

Consulting director at The Lang Cat Steve Nelson talks making sure clients know what they’re buying and the joys of research ahead of his appearance at Money Marketing’s flagship conference. What one word or phrase do you think sums up the state of the financial planning profession today? I’m going to defer to our adviser […]


Platform exit charge calculator launched

Directory service Compare The Platform has launched a new tool to calculate exit charges across the market. The calculator will be updated in real time to given an indication of exit costs, but also incentives to switch, for example where platforms offer to pay for part or all of the costs of leaving an adviser’s […]

Provident urges shareholders not to respond to takeover offer

Woodford-backed sub-prime lender Provident Financial has asked shareholders not to take action after receiving a takeover bid this morning. Fellow alternative lender Non-Standard Finance has bid £1.3bn for the struggling firm, and has secured “irrevocable undertakings” to accept the offer from shareholders accounting for at least 50 per cent of the company, including Woodford, NSF said […]

Tributes paid as Bruno Schroder passes away

Bruno Schroder, the great-grandson of Schroders founder John Henry Schroder, has passed away aged 86 following a short illness. Schroder had spent more than 50 years as a director at the wealth manager, where he first took up a role in 1960. He became a non-executive director in 1963 as his father and chairman of […]


Garry Heath: Why adviser trade bodies still matter

Nic Cicutti’s recent article in Money Marketing saw him launch attacks on Libertatem and Pimfa.  But is he right – or is it more personal than that? Generally, I avoid reading Nic Cicutti’s contributions. I have low blood pressure and I like to keep it that way. But last week, he embarked on a personal […]

Danby Bloch: Planning for the 100-year life

The chances of living to 100 are increasing and this has important implications for financial planning The other day, I was idly wondering how long I was likely to live – and the implications for my work, finances and family life. What prompted this terminal thinking was reading a book on holiday called The 100-Year […]

Woodford accepts offer as Provident put up for sale

Investors including Woodford Investment Management and Invesco have agreed to accept an offer for sub-prime lender Provident Financial as a £1.3bn bid for the company has been placed by a competitor. Non-Standard Finance has tabled the offer, and says investors owning more than 50 per cent of Provident’s shares have given “irrevocable undertakings” to accept it, […]

Women working in the office

Quilter reveals mean gender bonus gap of 70%

Advice, platform and investment group Quilter has revealed its gender pay gap figures for 2018, showing a mean bonus gap of 70 per cent between male and female employees. Overall, there was slight progress in the mean pay gap, which dropped from 39 per cent to 35 per cent, and the median bonus gap, which […]


Are DFMs interpreting risk ratings correctly?

Money Marketing takes a look at the role advisers should play to help DFMs build suitable discretionary portfolios With an ever-greater regulatory focus on taking the right risk for the right client, eyes are turning to how discretionary fund managers actually turn an adviser’s fact-find into an investment portfolio. Last year, the FCA looked at […]