The Financial Services Compensation Scheme reported today that it has now paid compensation to London Capital & Finance bondholder victims of over £114m. The FSCS says the sum is for investors’ losses on 12,330 London Capital & Finance bonds. Mini-bond provider London Capital & Finance collapsed in 2019, ripping off some 11,625 investors who faced […]
Archives for April 2022
26% of workers worried about retirement income
Just over one in four workplace pension savers (26%) fear their pension pot will fail to provide enough to live on at retirement, according to a new report from the Pensions and Lifetime Savings Association (PLSA). According to a survey by the PLSA, those aged 35 to 54 (29%) were most concerned that they would […]
26% of workers worried about retirement income
Just over one in four workplace pension savers (26%) fear their pension pot will fail to provide enough to live on at retirement, according to a new report from the Pensions and Lifetime Savings Association (PLSA). According to a survey by the PLSA, those aged 35 to 54 (29%) were most concerned that they would […]
RSMR expands investment team with new hire
Investment research and ratings firm RSMR has recruited Olga Baron for its investment team from the disbanded Wellian research team. Ms Baron is the third addition to the RSMR investment team in just over a year. Other hires include Naeem Siddique from Redmayne Bentley, where he was investment manager, and James McQuade making an internal […]
5 platforms dominate adviser sector
Just five major platforms dominate the adviser platform sector, according to research from consultancy lang cat. The firms – abrdn, Quilter, Aegon, Transact and Fidelity – control over half the £583bn assets managed by the advised platform sector. According to the lang cat’s annual State of the Platform Nation Guide, advised platform assets continue to […]
New hire to boost Chartered Financial Planning business
Financial Planner and retirement adviser Punter Southall Aspire has recruited James Kempson FPFS from Investec Wealth to be principal of its Bedford office and help boost expansion of the Chartered Financial Planning side of its business. Mr Kempson, a Chartered and Certified Financial Planner, has worked in the profession for 26 years in Financial Planning, […]
New hire to boost Chartered Financial Planning business
Financial Planner and retirement adviser Punter Southall Aspire has recruited James Kempson FPFS from Investec Wealth to be principal of its Bedford office and help boost expansion of the Chartered Financial Planning side of its business. Mr Kempson, a Chartered and Certified Financial Planner, has worked in the profession for 26 years in Financial Planning, […]
FOS pushes back complaints to firms
The Financial Ombudsman Service upheld a higher percentage of complaints in the second half of 2021 than the previous six months, latest data from the complaints handling service has revealed. The percentage of complaints upheld rose from 34% to 37% as the service strived to reduce a pandemic backlog. There was a sharp rise in […]
Simplifying Retirement Income Planning Visualization Using The ‘Spending Risk Curve’
Retirement income planning is often one of the primary reasons prospective clients approach a financial advisor. In a world of increasing longevity and declining reliance on defined benefit retirement plans, being able to give clients an estimate of how much they can ‘safely’ spend each year, given their available assets, is a major part of […]
CPI inflation hits 30 year high of 7%
The Consumer Prices Index rose to 7% in March, the highest level for three decades, ONS reported today. CPI inflation was 6.2% in February and 5.5% in February. Soaring costs of energy, fuel and transport added to inflationary pressures, ONS said. The older measure of inflation, the RPI Index (Retail Prices Index), rose from 8.2% […]