Investment platform provider AJ Bell has changed the terms on its Managed Portfolio Service funds to reduce risks and costs for advisers. The company has changed the investment terms for its MPS funds to operate in future on a ‘reliance on others’ (ROO) basis rather than an ‘agent as client’ basis. The company says the […]
Archives for 2021
Aberdeen Asian fund to shift to UK investment trust status
Abrdn’s Aberdeen Asian Income Fund Limited is planning to move its tax domicile from Jersey to the UK and adopt UK investment trust status, the company has reported. The company says the move is to benefit from a number of double taxation treaties between the UK and jurisdictions in which the company invests in. The […]
22% of over 55s want to retire earlier
The upheaval caused by the Coronavirus pandemic has spurred many over 55s to change their retirement plans with 22% aiming to bring forward their retirement date. In contrast 13% want to delay retirement, according to new research from employee benefits company Wealth at Work. The research backs up a number of recent studies which […]
Whistleblowers make 2,754 allegations of misconduct to FCA
The Financial Conduct Authority has received 2,754 allegations of misconduct including fraud, money laundering and compliance complaints, according to data from the regulator’s annual report and accounts. The allegations were provided by a total of 1,046 whistleblowers, according to analysis from a Parliament Street think tank. This compares with 1,100 whistleblowers in 2019/20. Financial penalties […]
In FINRA’s new crosshairs? Maybe not if you’re a large brokerage
Morgan Stanley asks court to throw out data security lawsuit
What’s the Child Tax Credit, and Why Should Business Owners Know About It?
The news is out: President Biden authorized advanced child tax credits, and many parents are already receiving payments in their bank accounts. But, what is the big deal about the child tax credit 2021 plan? And, why should you know about it as a business owner? We’ve got the scoop on the child tax credit […]
Kitces & Carl Ep 66: Helping Clients To Stop Maximizing Their Wealth And Set Goals To Enjoy It Instead
Beyond offering technical expertise across the eight primary knowledge domains of financial planning, one of the most valuable services that financial advisors bring to the table is helping clients align how they use their resources with the things that are most important to them. Accordingly, advisors create an overlap between a client’s values and use […]
Marketing head promoted to MD of AJ Bell adviser platform
Billy Mackay, former marketing director of AJ Bell Investcentre for 13 years, has been promoted to managing director of AJ Bell’s adviser platform. Mr Mckay will take over from current managing director Fergus Lyons at the start of October. Mr Lyons will move into an advisory role to oversee and support the development of simplified […]
Marketing head promoted to MD of AJ Bell adviser platform
Billy Mackay, former marketing director of AJ Bell Investcentre for 13 years, has been promoted to managing director of AJ Bell’s adviser platform. Mr Mckay will take over from current managing director Fergus Lyons at the start of October. Mr Lyons will move into an advisory role to oversee and support the development of simplified […]