View more on these topics

Old Mutual launches white-labelled online advice service

Online-Shopping-Supermarket-Platform-Technology-700.jpg

Old Mutual Wealth is piloting an online simplified advice service which can be white-labelled by advisers.

The provider is working with five advice firms to trial the service ahead of a wider roll out next year.

The service will be restricted to Old Mutual Wealth’s funds and will run off the provider’s platform.

Old Mutual Wealth says the offering is designed to support advisers that want to offer a digital investment process to some of their clients.

Advisers using the technology continue to own the advice relationship, and set the advice fees themselves.

There is no fee payable from the advice firm to Old Mutual Wealth for use of the service.

Old Mutual Wealth customer director Carlton Hood says: “At Old Mutual Wealth we are committed to extending the footprint of financial advice. Helping advisers to reach new customers through digital channel is an obvious place for us to explore.

“We will continue to develop the proposition along with a small number of advisers with a view to making the service more widely available in 2016, subject to demand.”

Recommended

Santander-700x450.jpg
3

Santander eyes return to investment advice

Santander is considering offering investment advice again two years after the bank pulled out of the market after its advisers failed to meet RDR requirements. The Telegraph reports Santander is looking at coming back to the investment advice market as it recognises the pace of growth it has seen in the number of current account […]

Will jitters in Brazil prompt the next big equity sell-off?

The rating downgrade of Brazil’s sovereign debt to “junk” earlier this month is another alarm that the largest Latin American economy is on the path to recession, and has raised fears of a potential equity sell-off in the region. With the country’s second-quarter GDP dropping by 1.9 per cent compared with the first quarter of […]

UK-Currency-Money-Pound-GBP-620x413.jpg
7

FCA fines IFA £20k over Keydata advice

The FCA has fined an IFA firm £20,000 over unsuitable advice to invest in Keydata products. The regulator found that clients of John Joseph Financial Services invested a total of £6.1m in Keydata products between August 2005 and June 2006. The FCA says the firm failed to adequately diversify clients’ portfolios and failed to disclose […]

2

MM leader: The £114bn boon from pensions as Isas

The Treasury has set out four key tests against which any new model of pension taxation should be measured. These are that any reform should: be simple and transparent, encourage individuals to take personal responsibility for retirement saving, build on the success of auto-enrolment, and be sustainable. It is the last factor that suggests maintaining […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com