The strong dollar is hurting exporters, but the domestic economy is growing, the banks are strong and consumers are paying off their debts, says Cormac Weldon, head of Artemis’ US team.
This week’s profile takes a look at Praemium, the Australian platform provider that saw 136 per cent revenue growth in its UK business in the second half of 2015. Praemium launched in the UK in 2008 but subsequent assets under administration growth has been modest. It tells us, however, it has ambitious plans to grow […]
The FCA is facing pressure to ramp up its efforts to investigate advisers’ due diligence processes after almost two years of work culminated in a report just six pages long. The regulator published the findings of a long-awaited thematic review last week which revealed concerns advisers may be failing to adequately perform checks on the platforms […]
Former shadow work and pensions secretary Rachel Reeves has lent her support to a flat-rate of 33 per cent tax relief on pension contributions. Reeves, who now sits on the Treasury Select Committee, describes the current rules as “unjust and ill-judged” for giving higher earners more relief than those on lower incomes. “The Chancellor should […]
Closed-book provider Phoenix Life says it does not consider exit charges a problem and finds “no evidence” penalties are stopping customers using the pension freedoms. The stance comes a day after Scottish Widows announced plans to scrap all exit fees on workplace pensions and Money Marketing revealed Standard Life and Prudential have capped penalties. Phoenix […]
Artemis managers James Foster, Mark Page and Laurent Millet comment on the Greek deal, describing it as “just another fudge” getting in the way of bigger developments in China, the UK and the US. To read the full article click here.
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I have been judging lots of awards lately and I have found many of the reports quite cumbersome to read. So, it got me thinking about the recent courses I’ve attended on report writing which might help improve the way you communicate with clients. Do you email clients their reports? Many clients may not register […]
Investment trust sales by advisers and wealth managers on adviser platforms hit a record high in the first half of 2017, up 74 per cent on the first half of 2016, the highest figure ever for the first six months of a year. In the first half of 2017 investment trust sales reached £514m, compared […]
The purpose of imposing responsibility on the principal is to make sure they are treated as if they had acted in breach of the rules, as well as the AR