Archives for April 2023
Georgia advisor fires salvo against SEC in-house judges
Ex-Cetera branch manager wins $500K over breakdown of M&A deal
Weekend Reading For Financial Planners (April 29-30) 2023
Enjoy the current installment of “Weekend Reading For Financial Planners” — this week’s edition kicks off with the news that following previous guidance regarding obligations under Regulation Best Interest (Reg BI) regarding account recommendations and conflicts of interest, the SEC released a new bulletin this week focusing on the duty to care. The guidance highlights […]
XPS Pensions adds 11 new partners
XPS Pensions has promoted 11 new partners and more than 150 people across its actuarial, pensions, investment, administration, SIPP and analytics businesses. The firm said the promotions have been made across all 16 XPS locations in the UK and became effective this month. Ben Bramhall, co-CEO at XPS Pensions Group, said: “We are delighted to […]
FCA warns of overseas pension transfer risk
The FCA has warned of increased risk to consumers when overseas firms refer defined benefit (DB) scheme members to UK firms for pension transfer advice. The regulator has reminded regulated advisers that the Consumer Duty rules – due to begin in July – must apply to advice to these transfers. The FCA said that […]
Editor’s Comment: A planning gold rush?
For as long as I’ve been writing about Financial Planning, several decades now, people have been fretting about the ‘fact’ that the average age of a Financial Planner is 105 (ok a slight exaggeration) and many planners are ready to quit, leaving an empty shell of a profession. It’s become a phrase repeated so […]
24% rise in taxpayers’ estates hit with IHT bills
The number of taxpayers’ estates with Inheritance Tax on death rose to an estimated 41,000 in 2022/23 – up 24% increase on the previous year (33,000). Hargreaves Lansdown, which analysed the figures from HMRC, said that IHT was “no longer a wealthy person’s tax.” In the 2006-07 tax year there were an estimated 34,000 taxpayers […]
Generative AI: considerations for small businesses
The Xero Responsible Data Use Advisory Council recently held its seventh meeting, with a focus on the extraordinary developments in the field of generative AI, and the myriad potential applications for small business. The council is made up of myself, Laura Jackson of Popcorn Shed (business owner), Maribel Lopez of Lopez Research (technology analyst), Wyndi […]
