The Resolution Foundation has urged Chancellor Jeremy Hunt to use next month’s Budget to raise the age at which people can access tax-free private pension wealth. The think tank said doing so would discourage people from leaving the workforce before the state pension age. It said the current system of pension freedoms which allows people to […]
Strong demand for investment companies on platforms
Purchases of investment companies on adviser platforms grew 1% in 2022, compared to a 7% drop in purchases of all products, according to new data. Net demand for investment companies jumped 48% to reach an all-time high. That’s according to the latest figures compiled for the Association of Investment Companies (AIC) by ISS Financial Clarity. […]
To be a better advisor, be a little less wrong tomorrow
Wealthy investors do a lousy job of telling heirs what they’ll get: report
Court decision drops 401(k) rollover fiduciary requirement — for now
9 in 10 advisers building cross-gen relationships
Almost nine in ten (87%) advisers have built a relationship with their clients’ children or grandchildren, according to a new report from Abrdn. Just over a quarter of the advisers (29%) surveyed by the provider said that they have relationships with more than one family member for more than half of their client base A third […]
9 in 10 advisers building cross-generational relationships
Almost nine in ten (87%) advisers have built a relationship with their clients’ children or grandchildren, according to a new report from Abrdn. Just over a quarter of the advisers (29%) surveyed by the fund manager said that they have relationships with more than one family member for more than half of their client base […]
SimplyBiz adds PMI service for advisers
Adviser support network SimplyBiz has partnered with Usay Compare to offer a private medical insurance (PMI) referral service to its members. The partnership will offer advisers a PMI referral route for complex cases and more general PMI cover for advisers who do not offer PMI as a core business area. Advisers will also have access […]
The worst-performing fixed-income ETFs of the past 10 years
Scots Planner enters default following court loss
The Financial Services Compensation Scheme has declared Scottish Financial Planner Alexander Sloan (FRN: 190674) in default. The move opens the door for clients of the Financial Planning firm to seek compensation. The default comes a year after the Glasgow-based firm lost a court case for unfair dismissal and ordered to pay £140,000 to a former […]