Wealth manager and private bank Coutts – part of the NatWest group – has turned to Nutmeg’s Laura Kingman to take on its newly-created role of head of Financial Planning. At Nutmeg she was executive director of wealth services. She has previously had extensive experience of working in a range of transformational and leadership roles in […]
Parents are struggling to save for both retirement and college
To pay for their kids’ education, many Americans are postponing their golden years — or cracking open their 401(k)s.
Wells Fargo wealth profits fall on lower asset-based fees
Despite the recovery of stock values over the past few months, the bank’s wealth unit still fell short of last year’s earnings.
Meet the 4 winners of FPA’s Heart of Financial Planning Award
The organization’s highest honor for members recognizes those contributing to “a helping profession” and their local communities, President James Lee said.
Editor’s Comment: A pension-reforming Chancellor?
I must say Mr Hunt is routinely catching us financial hacks out on a regular basis, as he did this week with his Mansion House pension reforms. Is he becoming like the Scarlet Pimpernel I wonder? Seemingly mild-mannered and meek most of the time but suddenly donning a cape and a sword to slash through […]
Chase de Vere reports profit and turnover rise
National IFA firm Chase de Vere has reported positive financial results for the year ending December 2022 with turnover and profit up despite a challenging economic environment. The company’s pre-tax profit rose to £24.7m in 2022 (2021: £21.9m) with turnover up from £102.46m to £107.09m in 2022, according to annual accounts. Assets under influence fell […]
FCA probes platforms’ cash interest policies
The FCA has written to investment platforms and SIPP providers to ask them to disclose how much of the interest they receive from cash and bank deposits they pass on to their customers. The issue has come into focus in recent months as interest rates on cash deposits have risen sharply, with some banks offering […]
Advisors see hope for more stability in SEC’s money market rules
The new regulations are the latest attempt to ensure investors can’t flee the funds in a panic during economic downturns.
2 in 3 Planners expect Consumer Duty boost
Close to two thirds (61%) of Financial Planners believe pension and retail investment products will see a boost from the FCA’s new Consumer Duty. SIPPs are also expected to see more interest, according to a new report from provider iPensions Group. Almost half (45%) of the 100 advisers surveyed expected the number of consumers taking […]
Merrill employee’s discovery of a decade’s worth of reporting failures led to $12M fine
A staff member in the firm’s fraud investigations group found reporting failures dating back to 2009.