Turbulent economic conditions and the Consumer Duty challenges have hit confidence in the future of the advice profession with 16% - one in six - of firm owners looking to sell or exit the market in the next 18 months.
Read more ...Planners younger and more ambitious than advisers
- Tuesday, 10 October 2023
- Articles
The number of Financial Planners is set to grow according to wealth consultancy NextWealth, after its research showed that Financial Planners are younger and more ambitious than typical financial advisers.
Read more ...UK investment sector AUM shrank by 12% in 2022
- Tuesday, 10 October 2023
- Articles
Total assets managed by UK investment managers fell to £8.8 trillion in 2022 - down 12% year on year, according to the Investment Association’s (IA) annual Investment Management Survey.
Read more ...ESG investment declines in popularity
- Monday, 09 October 2023
- Articles
The popularity of ESG investing is declining according to the annual ESG Attitudes Tracker from the Association of Investment Companies.
Read more ...Kingswood completes Sterling Trust acquisition
- Monday, 09 October 2023
- Articles
Fast-growing Financial Planner and wealth manager Kingswood Group has completed its acquisition of Sterling Trust Financial Consulting after making the final deferred consideration payment of £1.775m.
Read more ...FCA places restrictions on Kensington adviser
- Monday, 09 October 2023
- Articles
The FCA has revealed that on 22 August it imposed restrictions on London Court Limited (FRN 146522) for failings relating to the 'My Investment Hub' platform.
Read more ...New CIO for St James’s Place begins work
- Monday, 09 October 2023
- Articles
Experienced investment manager Justin Onuekwusi has begun his new role as chief investment officer (CIO) at wealth manager St James’s Place.
Read more ...FCA revokes permissions of Devon-based firm
- Monday, 09 October 2023
- Articles
Wellington Court Financial Services Limited, which was declared in default by the FSCS in June, has had its temporary permissions revoked by the FCA.
Read more ...4 in 10 Londoners face poverty in retirement
- Friday, 06 October 2023
- Articles
London is among the worst UK regions for predicted post-retirement financial struggle, a new study by Scottish Widows has predicted, writes Emily Berry.
Read more ...NS&I pulls 6.2% bond after saver rush
- Friday, 06 October 2023
- Articles
NS&I, the government-backed savings body, has pulled its market-leading 6.2% guaranteed bonds after a rush of savers.
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