Eight in ten (83%) of UK adults would support a government review to see whether the current pension system is delivering adequate retirement income, according to a new report. The majority of those surveyed by Phoenix Group believed it is the government’s responsibility to ensure people achieve an adequate income in retirement. Seven in ten […]
FTSE 100 exit expected for SJP after 26.5% share slump
Wealth manager and Financial Planner St James’s Place could drop out of the FTSE 100 in FTSE Russell’s next quarterly reshuffle. SJP could be demoted to the FTSE 250 on 4 June according to FTSE Russell’s indicative quarterly review changes published earlier this week. The wealth manager’s share price has fallen 26.5% in the year […]
Woodford should forfeit his CBE, says TTF
Neil Woodford should forfeit his CBE, according to the Transparency Task Force and its Woodford Campaign Group. They said the Woodford scandal has caused terrible harm to its victims. In June 2013 in the 2013 Birthday Honours, Mr Woodford was appointed a Commander of the Order of the British Empire (CBE) for services to the economy. Andy Agathangelou, founder […]
How to soothe clients’ election anxiety
Nervous investors often ask how the presidential election will affect their portfolios. New research offers a simple way to reassure them: Look at the numbers.
AI tools that find answers, suggest tax strategies and draft emails for you
Available technology solutions could boost professionals’ efficiency in serving their clients — but only if financial advisors and their customers are open to them.
Incoming head of Raymond James’ employee channel will not lack for recruiting opportunities
As incoming president of Raymond James & Associates, Tom Walrond will seek to build on his firm’s reputation for stability and advisor choice.
FSCS to cut 2024/25 levy from £415m to £265m
The Financial Services Compensation Scheme (FSCS) has reduced its annual levy on the industry for 2024/25 to £265m. In November the compensation body had warned that the levy could be as high as £415m. The figure represents a small decrease from the final 2023/24 levy of £270m. The FSCS said that while it expects to […]
Rich fleeing Massachusetts may cost state $1B in lost taxes annually
The COVID-19 pandemic made it easier for employees to leave the state. They’re leaving in droves.
Nucleus white label platform acquisition gains approval
The acquisition by adviser platform Nucleus’ of fintech Third Financial has gained approval from the FCA, taking the deal a step closer to completion. The deal was first announced in February. Third Financial is a provider of white label investment platforms and software. Nucleus says the acquisition, for an undisclosed sum, will increase Nucleus Assets […]
Troubled WH Ireland in talks over capital markets sale
Troubled wealth manager and Financial Planner WH Ireland has confirmed that it is in discussions over the possible sale of its capital markets division as it continues to seek to stabilise the firm. In a stock market announcement today it said it is in discussions with independent financial services group Zeus Capital Limited over a […]