The Financial Conduct Authority has set out a number recommendations for asset managers to improve the resilience of Liability Driven Investment (LDI) funds. The move follows recommendations published recently by the Bank of England’s Financial Policy Committee. The watchdog has created guidance on risk management and operational arrangements for LDI managers so that they can, […]
Archives for April 2023
Advice Engagement Strategies: 4 Core Areas To Motivate Clients To Be More Active In The Financial Planning Process
Financial advisors will sometimes talk about ‘bad’ clients who don’t act on the advice being provided. But the reality is that they may not necessarily be ‘bad’ clients; rather, their behaviors are a sign that they are not fully engaged in the planning process because other aspects of their life take precedence over managing the […]
Look for alternatives to crypto, other risky plays: 5 takeaways from SEC Reg BI bulletin
Weekend Reading For Financial Planners (April 22-23)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that in a settlement with the SEC, robo-advisor platform Betterment agreed to pay a $9 million penalty for allegedly misstating the frequency that its automated tax-loss harvesting system was scanning some client accounts between 2016 and […]
Editor’s Comment: Reasons to see a planner, part 3
Reasons to be Cheerful, Part 3 has always been one of my favourite Ian Dury songs. It came to mind this week as we reported on the reasons to see a financial adviser. It’s always been a question on my mind as to the reasons why consumers opt to see a financial adviser. What are […]
AJ Bell appoints new chair as Morrissey exits
Platform provider AJ Bell has appointed former Hargreaves Lansdown director Fiona Clutterbuck as its new chair to replace outgoing chair Baroness Helena Morrissey. Ms Clutterbuck will step down from her current role as a non-executive director at M&G when she becomes chair. AJ Bell, founded by industry entrepreneur Andy Bell, has gone through a number […]
London man ran fraud site which conned 200,000
A 35-year-old London man has pleaded guilty to being a key figure in running a website used by fraudsters who are believed to have conned 200,000 UK consumers out of over £43m. Tejay Fletcher, of Western Gateway, Docklands, London was a leading administrator of the ‘iSpoof’ fraudster website. The website provided fraudsters globally with services […]
Ramping up efficiency to deal with inflation
In no small part due to the pressures of inflation, we all know that the cost of living has blown through the ceiling over the last year or so… The RBA’s series of rate raises seek to combat inflationary stress; however, many argue that rising rates will actually compound pressure on individuals and businesses by […]
How to gain confidence as a new bookkeeper
Does this sound familiar? You’re starting a bookkeeping business or recently got started as a bookkeeper and you’re struggling with self-doubt and lack of confidence. If so, you’re not alone. It’s normal to have fears about the future. I can empathize because I have been there, frozen with fear and scared out of my mind […]
