J.D. Power’s latest study used a different scaling method that brought down scores across the industry among 15 major firms examined in the firm’s annual poll.
North-south retirement gap growing
Workers in London and the East of England are saving 40% more than those in the Midlands and North, according to a new report. Expectations and preparations for retirement vary widely across the country, according to the report from think tank Phoenix Insights. Total pension pots in the Midlands and the North average less than […]
How Citizens plans to take on the wealth industry after its hiring coup from First Republic
Citizens made waves with its hires of around 50 private banking staff from First Republic. The head of wealth management at Citizens shared what’s next.
How to Financially Prepare For the Unexpected
Nobody likes thinking about the worst-case scenario. Mass layoffs at work, a broken pipe that floods the house, or sudden death in the family are so many ways our lives can change instantly. But just because they’re hard to think about doesn’t mean you shouldn’t consider the possibility of an unexpected event. You owe it […]
Americans are getting older — what that means for wealth management
The oldest segment of the U.S. population is rapidly growing, creating both opportunities and challenges for financial advisors.
Do you know your mutual fund manager’s birthday? It might be costing you
Researchers found that relatively older mutual fund managers obtained half a percentage point higher annual returns than their relatively young counterparts.
Editor’s Comment: A shameful chapter
When the financial historians come to write a chapter about the British Steel Pension Scheme debacle the word “shameful” is likely to be used. Only now, several years after the worst cases of bad advice, are we seeing the true extent of the shameful behaviour that saw hundreds of workers lose out to bad advice. […]
11 new firms join Women in Finance Charter
The Treasury has reported today that 11 new firms have signed up today to its Women in Finance Charter designed to improve the representation of women in senior roles in financial services. The new firms include Canaccord Genuity Asset Management, Chetwood Wealtth Management, Furness Building Society, OCM Wealth Management and XPS Pensions Group. The full […]
‘Rocket boost’ Financial Services Act gets Royal Assent
The new Financial Services and Markets Bill 2023 – described by the government as a “rocket boost” for financial services – has received Royal Assent today. The new FSMA 2023 becomes law today and is a key part of the Government’s plans to help financial services and the economy to grow. The government says the […]
FCA’s ‘Top 10 Key Questions’ to help meet Consumer Duty
The FCA has shared 10 questions for firms to consider ahead of its new Consumer Duty which comes into force on 31 July. The FCA’s new Consumer Duty will begin on 31 July and will require all regulated firms to ensure that customers are treated fairly at all stages of their ‘customer journey.’ The Duty […]