Archives for 2023
Best Practices For Running A Financial Planning Internship Program (And Creating A More Productive Outlook)
Traditionally, financial planning internship programs have offered students who are aspiring financial planners a way to prepare for entering the workforce by gaining real-world experience in advisory firm settings (as well as a way to get their foot in the door with prospective employers). But when the COVID-19 pandemic arrived in 2020, many firms shut […]
MPs want crypto to be regulated as gambling
Treasury Committee MPs have called for consumer trading in unbacked cryptoassets to be regulated as gambling. It warned that cryptocurrencies pose significant risks to consumers. In a new report, the cross-party committee of MPs said that cryptocurrencies such as Bitcoin have no intrinsic value and serve no useful social purpose, while consuming large amounts of […]
Embark Platform to rebrand as Scottish Widows Platform
The Embark Platform is to rebrand as the Scottish Widows Platform in a major revamp for the Embark Group. As part of the shake-up the Advance by Embark platform, the former Zurich platform acquired by Embark in 2020, will shut later this year with accounts transferring to the Scottish Widows Platform. Embark will outline its future […]
Merrill names new private wealth head, shuffles more executives
Best practices: How financial planners make remote work work
Morningstar wants you to meet ‘Mo,’ its new OpenAI-powered chatbot
Weekend Reading For Financial Planners (May 20-21)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news of a recent survey indicating that investors overwhelmingly believe that Artificial Intelligence (AI) will help financial advisors better serve their clients and would like to work with an advisor who leverages AI tools. And despite some […]
Editor’s Comment: Is the regulated sector shrinking?
We are often told that financial services is a boom sector and in many ways it is, employing over 1m people and bubbling with innovation and enterprise, but does all this activity mask the fact that in one key measure the sector is actually shrinking? Our story we covered this week about the number […]
FCA halts BSPS adviser from making £50 redress offers
The FCA has imposed restrictions on a financial adviser firm based in South Wales to prevent it from making unsolicited offers of £50 in redress to BSPS members. The watchdog says it is the third time it has acted against firms making unsolicited offers of redress. The FCA says it is taking action against David […]