Daniel Harrison has stepped down as the CEO of Financial Planning-focused wealth management firm True Potential.
Senior financial services management lack diversity
White men from higher socio-economic backgrounds are thirty three times more likely to be found in senior roles in financial services compared with women with an ethnic minority background who are also from a lower socio-economic background, according to a new report.
Fifth of people have lost pension pots
A fifth of people (19%) with multiple pensions think they’ve lost track of at least one of their retirement savings pots, according to new research from Standard Life.
Crypto crook pleads guilty
Crypto crook Olumide Osunkoya faces a prison sentence after pleading guilty to illegally operating a network of illegal crypto ATMs.
Editor’s Comment: FCA’s war on crime will take time
There was a welcome pledge from the FCA this week that it would strive to speed up enforcement action in future, despite the challenges. This is promising but I suspect it will be harder to achieve than they expect.
Pension schemes fined £33,000 for failing value test
Pension schemes have been fined more than £33,000 by The Pensions Regulator (TPR) after failing a detailed value for members (dVFM) assessment.
Clients want wealth managers to use technology
Investors would consider switching from a wealth manager that doesn’t modernise and embrace new technology, according to new research.
Titan adds two fixed income funds
Titan Investment Solutions, the investment arm of Titan Wealth, has added two new funds to its fixed income range.
Demand for annuities at record high
There was a record high in demand for annuities from advisers in the first half of the year, according to figures published today by pensions technology provider iPipeline.
Intelliflo offers advisers Insignis Cash
Adviser fintech and back office provider Intelliflo has linked with cash savings platform Insignis Cash to offer advisers a cash management solution to their clients.