New calculations from pension provider Aegon reveal that it would cost £250,000 to buy a lifetime guaranteed income to match the current state pension payout.
Archives for 2024
Advisers favour multi-asset funds – survey
Nine out of 10 (90%) advisers use multi-asset strategies for accumulation and decumulation, according to new research by Aegon.
Fidelity Bundles Advyzon With eMoney And Wealthscape In Its New RIA “Tech Stack” (And More Of The Latest In Financial #AdvisorTech – September 2024)
Welcome to the September 2024 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month’s edition kicks off with the news that Fidelity has announced a new bundled technology […]
Weekend Reading For Financial Planners (August 31–September 1)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that a recent benchmarking study suggests that a number of RIAs are looking to move ‘upmarket’ and work with wealthier clients by expanding their service menu to include family office services, investment banking, and/or trust services. […]
5 things to expect at Financial Planning’s ADVISE AI
Financial Planning’s upcoming ADVISE AI conference will feature industry-leading experts from firms including Microsoft, Orion and CogniCor who will offer insights on how advisors can use AI to grow their businesses.
How advisors can protect older clients from financial scams
Scams targeting individuals aged 60 and older caused over $3.4 billion in losses in 2023 — an increase of approximately 11% from the year prior, according to the FBI.
Suit: Charles Schwab used ‘cash sweeps’ for $22B TD Ameritrade acquisition
Schwab vehemently denied allegations that it mishandled clients’ uninvested cash, calling the putative class action just the latest in a series of “unsound, copycat lawsuits.”
Warren presses FINRA over declining broker enforcement actions
Fines levied by the Wall Street regulator have dwindled in recent years.
A Ponzi scheme, pandemic relief fraud, cash sweeps and other recent financial legal battles
Wealth management firms are facing scrutiny from investors over their investing choices and missed signs of fraud, in our latest look at the legal issues in wealth management.
Fewer professional reps submitting pension claims
The percentage of professional complaints about pensions and annuities to the Financial Ombudsman Service – including from claims management companies – showed a surprise fall in the latest quarterly period, in marked contrast to a surge in professional complaints overall.