Amid estimates that nearly 40% of all financial advisors are likely to retire in the next 10 years, the need for a new generation of advisor talent is clear. To meet this challenge, CFP Board’s Center For Financial Planning has engaged in fundraising for several years to fuel campaigns that have focused on building the […]
Archives for July 2022
MPs want auto-enrolment pensions for self-employed
A group of MPs has called for auto-enrolment pensions for self-employed workers to get more people saving for retirement. The All Party Parliamentary Group on Financial Resilience (APPG) has urged the Government to introduce auto-enrolment for the self-employed via a reformed tax system. The Financial Resilience APPG was set up in the wake of the […]
Weekend Reading For Financial Planners (July 16-17)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that investors this year have filed 37 arbitration cases with FINRA related to alleged violations of Regulation Best Interest (Reg BI). These come on the heels of the SEC’s first enforcement action related to Reg BI, […]
Editor’s Comment: Avoiding a financial MOT failure
Given the chaotic performance of the government recently it was something of a surprise this week to see a new financial guidance initiative announced by the returning Pensions Minister Guy Opperman who quit and then returned, at least as a stand in until a new Prime Minister is announced. I will make no further comment about […]
Wealth management wins, $200M fine highlight Morgan Stanley’s quarter
Top 5 banks brace for $200 million fines over unauthorized texts
Romance scams blossom in these 10 states
FCA fines discretionary manager £2m for failings
The FCA has fined discretionary investment manager TJM Partnership Limited £2 million for “serious financial crime control failings.” The firm, based at Old Bailey in the City of London, went into liquidation on 6 January. It was found to have made serious errors on cum-ex trading, the buying and selling of shares with dividend payments […]
Sanlam Wealth to be renamed atomos
Oaktree Capital Management is to rename Sanlam Wealth as atomos after acquiring the business from Sanlam UK. Atomos is aiming to be what it claims is the, “first truly digitally-enabled, hybrid wealth business in the UK.” The company will offer digital, face to face and hybrid advice. The rebrand will go live from the autumn, […]
Important business changes coming into effect after 1 July 2022!
Seismic shifts are brewing across the Australian business landscape this year, and it would be prudent to get ahead of them. From prescriptive changes like eInvoicing mandates, superannuation guarantees, and plastic bag bans – to less palpable shifts such as inflation and energy costs, you should be getting your business ready to tackle these obstacles […]