Work and Pensions Secretary Mel Stride told MPs in the Commons today that the rise in the State Pension Age to 68 will be put on hold. Mr Stride confirmed, however, that a planned rise in the State Pension Age to 67 between 2026 and 2028 will go ahead. There will be a review of […]
Clients bolting First Republic test wealth advisors’ staying power
From managing tenants to managing wealth: Helping clients ‘retire’ from active to passive real estate investing
Nexus sold for £500,000 after FCA restricts firm
Nexus Independent Financial Advisors Limited and Nexus Investment Managers Limited have been sold for a total of £500,000 following restrictions placed on the firm’s activities by the FCA. The FCA stepped in earlier this year after concerns about client money irregularities at the Fareham, Hants, firm totalling £2m. Nexus fell into administration following the FCA […]
Pontera’s Peter Nolan on technology bridging the gap to 401(k) services
Novia founder launches low cost advice firm
A new ‘low cost’ advice firm called Hundreds and Thousands has been launched by the former founder of Novia, Paul Boston, to bridge the advice gap for both advisers and consumers. The firm will charge less than 150 basis points per annum for a restricted advice service, aiming at ‘advice gap’ clients – those with […]
Cetera warns brokers that M&A deals require its approval
Only 23% of women confident about retirement
Only 23% of women are confident they will be able to retire comfortably with over a third (35%) expecting to be unable to enjoy a decent income in retirement. According to a major new study, fewer women than men have pensions and those who do are saving less than their male counterparts. The research of […]
