Only 26% of women say they could cope in retirement if they lost a share of their partner’s pension due, for example, to divorce, according to new research. Some 54% of men said they could cope without a partner’s pension income. The study for Hargreaves Lansdown found that overall 41% of people said they could cope with […]
Archives for 2022
Industry veteran warns on Consumer Duty SIPP impact
SIPP industry veteran John Moret has warned the sector that it must grasp the potential impact for SIPP providers of the new Consumer Duty requirements. He issued the warning at the AMPs seminar and AGM this week. AMPS – the Association of Member-Directed Pension Scheme – is the SIPP sector’s trade body. He warned providers not to […]
FCA fines brokers £4.8m for market abuse
The Financial Conduct Authority has fined BGC Brokers LP, GFI Brokers Limited and GFI Securities Limited (together, BGC/GFI) £4,775,200 for failing to ensure they had appropriate systems and controls in place to effectively detect market abuse. BGC/GFI are inter-dealer brokers specialising in exchange listed and over-the-counter financial products and related derivatives. The regulator said BGC/GFI […]
Wren Sterling buys £270m AUM North West adviser
Fast-expanding Nottingham-based Financial Planner Wren Sterling has acquired north east-based advisers Morfitt & Turnbull (Management Services), which has around £270m of client assets. The acquisition is Wren Sterling’s fourth of 2022, with more deals planned. The deal is subject to FCA approval but will see Morfitt & Turnbull’s managing director Gareth Shaw and his six-strong […]
Thrive’s founder on how sustainability can help businesses achieve impact and profit
Small business owners and entrepreneurs can feel like they face immense pressure to not only drive profits, but take positive action for our planet as a whole. While these aren’t mutually exclusive, owners with a huge amount on their plates face a real challenge in understanding how they can achieve both. B-Corp certified accounting practice […]
Thrive’s founder on how sustainability can help businesses achieve impact and profit
Small business owners and entrepreneurs can feel like they face immense pressure to not only drive profits, but take positive action for our planet as a whole. While these aren’t mutually exclusive, owners with a huge amount on their plates face a real challenge in understanding how they can achieve both. B-Corp certified accounting practice […]
‘Bumpy times’ and ‘rude awakenings’: Wall Street insiders predict a rough market in 2023
Why you should embrace eInvoicing, according to the experts
eInvoicing is a new way to send and receive invoices electronically directly between accounting systems. How? It’s all done via a secure platform called the Peppol network. Not only does eInvoicing help facilitate faster payment times, but it’s also more efficient, accurate and – importantly – safer. In fact, everyone from enterprises (like Bunnings) to […]
FSCS confirms 10 regulated firms in default
The Financial Services Compensation Scheme has reported that 10 regulated firms defaulted in October and November. The declaration of default on these failed firms opens the doors to clients to claim compensation from the FSCS. A default usually means the firms have gone out of business and are unable to meet any claim themselves. The […]
FSCS confirms 10 regulated firms in default
The Financial Services Compensation Scheme has reported that 10 regulated firms defaulted in October and November. The declaration of default on these failed firms opens the doors to clients to claim compensation from the FSCS. A default usually means the firms have gone out of business and are unable to meet any claim themselves. The […]