The soaring cost of regulation came home with a thump with a report this week from the FCA that its average salary is now over £71,000 a year – more than double the mean UK average. With over 4,900 employees employed by the FCA (sharply up due to regulating crypto and funeral plans) that’s a […]

The spat between national Financial Planner Tavistock and its former wealth manager Titan has worsened with Tavistock instigating legal action agains Titan. Earlier this week Berkshire Financial Planner Tavistock terminated its 10-year strategic investment partnership with Titan Wealth, blaming “unacceptable performance.” The surprise axing of the tie-up, agreed in June 2021, was issued to the […]

The arbitration award comes amid the industry’s aggressive push to make sure departing wealth managers pay back money owed on recruiting loans.

With so many other challenges facing the wealth management sector, from legacy technology to developing compelling products and services, why are firms turning their attention to complaints?, writes Kate Monserrate, co-founder of advice and wealth management business consultancy Simplify Consulting. Well, one answer might be found in our recent complaints whitepaper where research revealed that nearly […]

Acquisitive South Coast-based wealth manager and financial adviser Skerritts has acquired £400m AUM Surrey Financial Planning firm KMG Independent Limited – and its sister firm KMG Investment Management Limited – for an undisclosed sum. Skerritts said the deal boosts its presence in the south east of England as the group looks to accelerate its expansion nationally. […]

Leaders in wealth management name their top AI tools used every day in the workplace, from scheduling apps to automating content and slideshow presentations.

  Now the dust is beginning to settle on the election, Labour has to turn to the serious work of implementing its manifesto promises. Pensions are a key part of Labour’s pledges and it has promised a major review of the pensions landscape. This is a wise idea. There is, indeed much to review. An […]

Leading industry pensions and advice sector experts have welcomed Labour’s victory as a chance to push forward some key financial reforms but some have raised questions about the clarity of Labour’s pension and advice priorities. Financial Planning Today has collected some of today’s key reactions. • Alastair Black, head of savings policy at Abrdn, said: “In its […]

FINRA’s settlement with Merrill gives the wirehouse credit for “extraordinary cooperation” with its investigation.

The FCA is to hold a livestreaming webinar event on 31 July to mark the one year anniversary of the Consumer Duty. The webinar will review progress on the Duty and participants will be able to submit questions before and during the event. The Consumer Duty was launched on 31 July 2023 for new products […]