I have in the past five years had the misfortune to be a member of one national IFA and two networks. The national retained a ridiculously high percentage of gross income that it become prohibitive to be associated with them while the networks silently slipped into administration along with my money. I am now in […]
Networks are no longer adding value to IFA firms, rather they add costs and complexity while doing nothing to enhance the IFA’s adviser-client relationship. Networks are now proving to be the dinosaurs of the industry.
Lighthouse is setting up an online platform, Lighthouse Xpress, developed over the last year with Quay Software. Lighthouse says it will enable advisers to communicate electronically with providers and will allow it to check compliance.
With 23 auto-enrolment compliance notices issued by the Pensions Regulator, and an evolving legislative landscape meaning previously compliant schemes may now be in breach of regulation, now is the time to think about auditing your auto-enrolment scheme. Johnson Fleming is hosting a webinar on 9 October at 11:00 on how to audit your scheme to ensure compliance, avoid breaches and fines and overcome data issues.
Royal London has appointed Kevin Parry as its new chairman. The former Schroders chief finance officer and chief executive of Management Consulting Group will take over the position on 1 January 2019. Parry succeeds incumbent and former deputy Bank of England governor Rupert Pennant-Rea as Royal London’s chairman, who held the position for more than […]
Curtis Banks has bought a £180m Sipp book from wealth manager Hargreave Hale. The invested assets in the 600 Sipps will continue to be managed by Hargreave Hale, turning over administration to Curtis Banks. The firm has now made ten acquisitions since its foundation in 2009. Curtis Banks agreed to buy Suffolk Life off Legal […]
Legal and General Investment Management has appointed a new lead manager for its UK Special Situations Trust amid a trio of hires. The firm has hired Mirabaud Asset Management’s Robert White, taking over from Gavin Launder, who managed the fund since the start of the year. Previously, the fund was run by Richard Penny, who […]