Traditional wealth managers have proved themselves to be scalable and profitable businesses despite the hype caused by robo-advice models, analysts say. Wealth managers have also been shown to be more robust than pure asset managers amid mounting pressure on fund performance and fees. While Hargreaves Lansdown and St James’s Place continue to make the headlines […]
The Government is considering changes to social care funding, including a “death tax” and a potential cap on the cost of long-term care, as part of a Budget announcement around funding for social care. According to a Financial Times report, a committee of social care experts, reporting to Prime Minister Theresa May, has been looking […]
The FCA does not want advisers to act as “order takers”, its IFA technical specialist has said. Speaking at Finalytiq’s Science of Retirement conference today, Chris Hewitt urged advisers to question the client’s motivations behind their request before transacting any business. He said: “We do think advisers shouldn’t be order takers. If a client comes […]
AlphaSimplex Group believes that the most robust investment products are those that adapt to changing market conditions. Alex Healey, portfolio manager of the ASG Managed Futures Fund, talks about how holding “long” and “short” positions in alternative investments, to match market trends, can create opportunities in both up and down markets.
Robo-investment service Wealthify has launched ethical investment portfolios that can be opened with a £1 investment. Wealthify now offers five ethical portfolios investing in up to 25 funds. The company’s chief investment officer and co-founder Michelle Pearce says the launch is the firm’s response to customer demand for investment options that do not compromise their values. […]
Standard Life’s restricted national advice arm 1825 has disbanded its team that supported the transition of acquired IFAs. The company says it has incorporated the functions of the team into other areas of the business. Money Marketing understands the transition team comprised of around five people who have been offered redundancy or the chance to […]
Many believe a client’s lifetime allowance can no longer be protected once a deadline has passed. But there are circumstances where a late application can still be made. If benefits are crystallised in excess of the lifetime allowance, a tax charge of 25 per cent or 55 per cent arises. The allowance has fallen year […]