White men from higher socio-economic backgrounds are thirty three times more likely to be found in senior roles in financial services

White men from higher socio-economic backgrounds are thirty three times more likely to be found in senior roles in financial services compared with women with an ethnic minority background who are also from a lower socio-economic background, according to a new report.

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Therese Chambers, joint executive director of enforcement and market oversight

The FCA has fined Starling Bank just under £29m for financial crime failings related to its financial sanctions screening.

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The removal of business relief from AIM stocks is one measure being considered by the government to fill HMRC coffers, according to reports

The removal of business relief from Alternative Investment Market (AIM) companies could have harsh consequences for both investors looking to avoid paying inheritance tax and many of the UK’s most popular funds, according to new research.

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All of the advisers surveyed said they expect to see a rising in the level of clients trading in stocks and shares

Nearly 8 in 10 (78%) of financial advisers have seen an increase in the level of trading in stocks and shares by their clients over the past two years, according to a new report.

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Woman end up with much smaller pension pots

By the time women reach age 55 they have on average 43% less in their pension pot than men, according to data from Royal London.

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Low financial engagement also saw less Britons consulting financial advisers when planning for retirement.

Two in five British women (37%) have never reviewed their pension forecast, according to new research.

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19% of people have lost pension pots

A fifth of people (19%) with multiple pensions think they’ve lost track of at least one of their retirement savings pots, according to new research from Standard Life.

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Origo website

Fintech Origo has launched a matching toolkit, a standalone service that integrates with its dashboard connector service.

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Tuesday, 01 October 2024
Articles

FSCS website

Elizabeth Passey, currently a senior adviser at investment house J Stern and Company, has been appointed chair of the Financial Services Compensation Scheme’s board from today.

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Tavistock website

Saltus has paid up to £37.75m to acquire Tavistock’s financial advice businesses, Tavistock Partners Limited and Tavistock Partners (UK) Limited, including the Abacus and Duchy brands.

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