Financial Planners, of course, concentrate on the better off. They need to focus on people able and willing to pay their fees and that’s perfectly reasonable, indeed it's a business requirement.
A new offering from wealth manager and Financial Planner Foster Denovo caught my eye this week as one possible pointer to the promised ‘financial guidance’ future.
Today the FCA announced it was spearheading a global crackdown on rogue social media influencers. About time many will say.
One of the big Financial Planning stories of the week was the merger announced of two of the more significant players in the wealth management / Financial Planning space: Mattioli Woods and Kingswood.
I have to confess that I am in two minds on the rapid spread of AI into regulation, despite assurances from the FCA that it will help cut down on admin and generally be a boon.
The reappointment of FCA CEO Nikhil Rathi this week for a further five year term was a surprise to some who expected a new face at the helm of the UK’s leading financial regulator.
Truth be told, it’s been a bit of a tempestuous week on the old financial markets thanks to a certain Mr Trump.
There is a major force reshaping pensions and it is unstoppable, it’s called demographics and it will require the pensions industry to rethink everything it does.
It’s a shame to admit it, but fear is clearly driving demand for Financial Planning advice in some quarters.
It’s no secret that the FCA has come in for flak over it’s naming and shaming enforcement plans and it’s no surprise it has decided to dilute them as a result. But should it be backing off?
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