XPS Pensions has promoted 11 new partners and more than 150 people across its actuarial, pensions, investment, administration, SIPP and analytics businesses. The firm said the promotions have been made across all 16 XPS locations in the UK and became effective this month. Ben Bramhall, co-CEO at XPS Pensions Group, said: “We are delighted to […]

  The FCA has warned of increased risk to consumers when overseas firms refer defined benefit (DB) scheme members to UK firms for pension transfer advice. The regulator has reminded regulated advisers that the Consumer Duty rules – due to begin in July – must apply to advice to these transfers. The FCA said that […]

  For as long as I’ve been writing about Financial Planning, several decades now, people have been fretting about the ‘fact’ that the average age of a Financial Planner is 105 (ok a slight exaggeration) and many planners are ready to quit, leaving an empty shell of a profession. It’s become a phrase repeated so […]

The number of taxpayers’ estates with Inheritance Tax on death rose to an estimated 41,000 in 2022/23 – up 24% increase on the previous year (33,000). Hargreaves Lansdown, which analysed the figures from HMRC, said that IHT was “no longer a wealthy person’s tax.” In the 2006-07 tax year there were an estimated 34,000 taxpayers […]

Adviser fintech and back office provider Intelliflo has added cashflow modelling and planning capabilities to its core Intelliflo Office system. Financial Planners will be able to access the modules without the need for additional licensing. Intelliflo customers will have access to the tools as part of their Office package. The firm says this will remove […]