Bridgend-based advice firm Broadlands Partnership (FRN: 402268) has been declared as in default by the Financial Services Compensation Scheme (FSCS), opening the door for compensation. Broadlands ceased to be authorised by the FCA in August 2012 and entered voluntary liquidation in 2020. FSCS said it has received 8 claims against the firm in relation to […]
Orion CEO Natalie Wolfsen on integrations, open data and RTO
In less than one year since taking over Orion, CEO Natalie Wolfsen has embarked on a massive journey to fully integrate the firm into an open architecture, holistic platform. Part of that plan includes employees coming into the office more.
Yext, Hearsay CEOs on merger plans for a marketing and compliance powerhouse
Yext’s CEO said his firm could have tried building its own in-house compliance software. Instead, it found exactly what it needed at Hearsay Systems.
Labour Party manifesto – expert reaction
With any detail regarding pension tax allowances missing from the Labour Party manifesto, retirees could see a Labour government cut back allowances to raise funds, according to pensions industry experts. While Labour pledged to maintain the Triple Lock on the State Pension, its pensions market review and absence of detail on pension tax allowances leaves […]
15 cities where financial advisors boosted their incomes the most
Data crunched by SmartAsset suggests some areas enjoyed the largest increases in median annual compensation. The No. 1 metro area saw a 101% hike in pay.
LGIM CEO exits as asset management arms merge
Michelle Scrimgeour, chief executive of Legal and General Investment Management (LGIM), is to step down as the firm merges its asset management divisions. LGIM is to merge with Legal and General Capital into one asset management division as part of a strategic overhaul for Legal & General. Ms Scrimgeour will remain as CEO until her […]
Tax-planning certification rolling out as wealth and tax divide narrows
Jeffrey Levine and The American College of Financial Services hope to help more financial advisors branch into the related but historically separate field.
US pension giant Mercer acquires UK’s Cardano
Giant US asset manager and pension consultancy Mercer has agreed to acquire UK pensions risk and investment management firm Cardano Group, for an undisclosed sum. Terms of the transaction, which is expected to close late this year subject to regulatory approvals, were not revealed. Founded in 2000, Cardano is a long-term savings specialist in the […]
Supreme Court finds life insurance proceeds increase estate value
A decision backing the surviving shareholder in a family business could have carried major tax implications to succession plans. Instead, SCOTUS backed the IRS.
Fraud victims hit by ‘double whammy’ of theft, taxes on stolen funds
The growing number of fraud victims who suffer staggering financial losses often find themselves having to pay Uncle Sam for their missing income, experts say.