Almost half of over 50s don’t know that annuities come in many forms and with various options, according to research from Standard Life, part of Phoenix Group. The study suggested widespread ignorance about annuities among older people. When those who had already annuitised, or planned to do so, were asked about different annuity options, there was […]

Consumer Duty could lead to a ramp up in the number of financial advisers adopting AI and machine learning in 2024, according to fintech Origo. Origo called for firms to aim for an end to paper-based processes this year. Anthony Rafferty, CEO at Origo, said: “In an environment where digital solutions are rapidly becoming the […]

Strains on U.S. consumer spending such as rising delinquency rates on credit cards largely indicate that Americans’ debt is returning to pre-pandemic levels.

Womens finances are coming more under pressure as the cost-of-living crisis has disproportionately impacted women’s finances and their ability to withstand the potential impacts of a recession. Over a third (36%) of women would not be able to afford their everyday expenses should the UK enter a recession, compared with just a quarter (26%) of […]

From new certifications to better health, here are the goals wealth managers have set for themselves this year.

Explore the last year in Financial Planning magazines. Read each article, or download a digital version.

From the rise of ChatGPT to ESG hypocrisy and in-depth reporting on DEI issues in wealth management, these are the stories that garnered awards for FP reporters in 2023.

  Major US-owned fund manager Vanguard, one of the world’s largest investment firms, has opened a new office in Manchester. The new 14,000 square foot base is in the Barings’ Landmark office building in central Manchester. Greater Manchester Mayor Andy Burnham opened the new office recently. It is Vanguard’s first UK office outside London. Vanguard […]

Premium Bonds have created 24 new prize-winning millionaires in 2023. There were 64m Premium Bond prizes drawn in 2023 and total prize money paid out to all bond winners topped £4.6bn, according to government-backed savings provider NS&I. The bonds pay no interest but offer a number of prizes each month in lieu of interest. The […]

FCA CEO Nikhil Rathi has hailed the new Consumer Duty as a “game changer” and has said regulatory action this year has been unprecedented. In an end of year message, Mr Rathi said that the FCA would be “unwavering” in its implementation of the Consumer Duty. He cited key regulatory actions this year as including: […]