Prudential UK & Europe has announced former New Model Business Academy managing director Tom Hegarty will head the new self-employed part of its financial planning business. The invitation-only arm of Prudential FP will be open to up to 30 of its 360-strong advice staff. Those involved will be able to build their own businesses which […]
The FCA has warned firms not to imply that all of their activities, including unregulated investments, are authorised by the FCA in marketing material if they are not actually regulated. In a letter to chief executives of all regulated firms, the FCA outlines its rules on making sure financial promotions are fair, clear and unambiguous, […]
The European Securities and Markets Authority has found that fund costs reduce retail investors’ returns by an average of a quarter. In a major report, Esma finds that costs have a significant impact on the final outcome of investment decisions, particularly for retail clients, who pay twice as much as institutional ones. For Ucits funds, management […]
As we move into a new year, people will be experiencing mixed feelings. In the investment markets, global volatility and Brexit makes the outlook unclear. Emotions are running high. Interest rates, currencies, house values – the impact on these things and many others is unknown. In times of economic uncertainty, one of the first people […]
Welcome to the latest update for The Merchants Trust PLC from the Trust’s portfolio manager, Simon Gergel. Side Thoughts from Simon Gergel… April saw the first day since the industrial revolution that no coal was used to generate electricity for the UK’s national grid. The Financial Times reported that around 34% of power was generated […]
Many advisers believe their availability to spend time with clients is the primary factor in them determining the value of the service they pay for, research shows. A survey conducted by consultancy Adviser Home found more than 80 per cent of advisers ranked ‘confidence and trust that we are available when needed’ as ‘very important.’ […]
By the end of this month, either Boris Johnson or Jeremy Hunt will take up residence behind the world’s most famous black door. The race to succeed Theresa May gets more interesting by the day. And if it were supposed to be a virtual coronation for Boris, then someone should have told Jeremy Hunt, who […]
Technology is playing an ever bigger role in the day-to-day running of advice firms and provides a way for firms to position their businesses for the future. How are advisers using technology and what pieces of software can they not do without?