View more on these topics

Openwork looks to bolster female adviser ranks

Business peopleAdvice network Openwork has said it is looking to bolster its female financial planner ranks further on the back of improvements in the last few years.

The firm says latest statistics show the number of female advisers has grown from 22 per cent across the network of around 3,000 advisers in 2014 to around 30 per cent at the end of 2018 – helped by a 40 per cent female intake over the last two rounds of its academy programme.

Estimates of the proportion of female advisers in the profession range from around 10 per cent to 25 per cent.

Openwork says it is renewing its commitment to ensuring a pipeline of future female leaders after achieving a 30 per cent split in its executive management team, introducing a new maternity policy, and reviewing its recruitment and internal promotion practices.

Openwork chief executive Mark Duckworth says: “International Women’s Day is an opportunity for us to review progress so far and commit to maintain the drive to further enhance female representation across the business.

“The financial services industry needs to do more to promote gender equality. Over the next few years Openwork will strive to increase the numbers of female advisers across our network, with financial advice offering excellent career prospects.  I am proud of what Openwork has achieved for female diversity but there is much more that we will be doing over the next few months and years.”



Standard Life referred to FCA enforcement division over annuities

The FCA has referred Standard Life to its enforcement division over issues flagged up in a regulatory review of non-advised annuities. Last year Phoenix Group acquired Standard Life Aberdeen’s insurance arm in a £3bn deal. Standard Life’s previous annuity sale practices were investigated by the watchdog as part of its thematic review into the sector. […]

Market volatility can precede big falls

Successful advisers must make clients understand volatility

The key to successful advice is making clients realise the difference between temporary volatility and permanent loss, an American financial adviser has said. Speaking yesterday at the Science of Retirement Conference in London, author and coach Nick Murray gave financial advisers tips on how they should approach their clients. Murray is based in the US, […]


Benchmark Capital acquisition process under question over fund flow ‘assumptions’

Questions have been raised over Benchmark Capital’s acquisition process after it appears the group gave a potential acquisition target “assumptions” for flows going onto its platform and in to its funds. A document seen by Money Marketing, was initially given to an advice firm in sale talks with Benchmark Capital. It is a spreadsheet which […]


Ex-Aegon/Blackrock DC boss joins Smart Pension

Former Aegon and BlackRock defined contribution managing director Paul Bucksey has joined Smart Pension as director of UK distribution. Bucksey joins the workplace pension and technology company after two years at Aegon, and five at BlackRock heading up the firms’ respective DC businesses. He previously had business development roles at Fidelity and Friends Life. Bucksey […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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