Pensions consulting and administration business XPS Pensions Group has promoted 147 people, including 11 new partners, across its actuarial, pensions, investment, covenant, administration and SIPP bus...

Financial Planning Today

02.05.2024

Retirees shun advice but wish they had a 'plan'

Four out of five people aged 55 or over are charting their own path to retirement and turning their backs on guidance and advice, according to new research. Despite the DIY approach, however, nearly o...

Financial Planning Today

02.05.2024

‘Finfluencers’ fading as investors turn to professional advice

Social media ‘finfluencers’ who provide sometimes suspect advice online are losing influence as retail investors increasingly turn to professional financial advisers, according to a survey. Investment...

Financial Planning Today

02.05.2024

Major US fintech buys UK Chartered Financial Planner

California-based fintech Marygold & Co has acquired its second UK Financial Planning firm ahead of a bigger push into the UK savings and advice market. The company completed its latest acquisitio...

Financial Planning Today

02.05.2024

Only 1 in 3 savers confident making pension decisions

Only 35% of pension savers are confident about making retirement decisions, a new report suggests. This included basic retirement decisions such as choosing how to access their pensions when they reac...

Financial Planning Today

02.05.2024

London adviser hit with 463 claims is declared in default

The Financial Services Compensation scheme has declared City of London-based adviser firm Alexander David Securities Ltd (FRN 469150) in default. The firm has 463 claims against it, with 51 rejected...

Financial Planning Today

01.05.2024

London adviser facing 463 claims is declared in default

Financial Planning Today

01.05.2024

FCA modifies Pensions Dashboards rules

The FCA has published a modification to its rules that govern how firms must connect their data to the Pensions Dashboards service. The modification has been welcomed by the Association of British Ins...

Financial Planning Today

01.05.2024

FOS complaints jump by 20% in 6 months

The Financial Ombudsman Service received a total of 95,349 complaints between 1 July and 31 December 2023 compared to 79,921 complaints in the same period in 2022. Despite the overall jump in complain...

Financial Planning Today

01.05.2024

Workers unaware that a pension is an investment

Almost half of older workers are unaware that their pension has a choice of investment funds to choose from or even what their pension fund is invested in. Research from financial wellbeing and retire...

Financial Planning Today

01.05.2024

Söderberg & Partners takes chunk of consolidator

Fast-growing wealth manager and Financial Planner Söderberg & Partners has taken a significant minority stake in IFA consolidator Cardan. Cardan is a Worcester-based firm that acquires financial a...

Financial Planning Today

30.04.2024

Almost half of self-employed have no pension

Two-fifths of self-employed people – 41% – are risking an uncertain retirement because they are failing to pay into a personal pension, according to new data from investment platform CMC Invest. Almos...

Financial Planning Today

30.04.2024

Inflows fall 64% at St James's Place but FUM up 6.4%

Net inflows to under-fire wealth manager St James’s Place slumped 64.5% in the first quarter of the year compared to last year, but funds under management climbed again. It reported today net inflows...

Financial Planning Today

30.04.2024

AMPS warns of HMRC rejecting SSAS approvals

SIPP and SSAS provider body the Association of Member-Directed Pension Schemes (AMPS) has warned that an increasing number of Small Self-Administered Schemes (SSAS) approvals are being rejected by HMR...

Financial Planning Today

30.04.2024

Titan Wealth may launch takeover for IWP

Fast-expanding wealth manager and Financial Planner Titan Wealth is reported to be putting together a deal to take over rival private Financial Planning firm Independent Wealth Planners (IWP), which h...

Financial Planning Today

30.04.2024

Hargeaves Lansdown reports record £150bn AUA

Hargreaves Lansdown has posted a record £150bn assets under administration and said the number of net new clients climbed 48% to 1,858,000 active clients in the three months to the end of March. In a...

Financial Planning Today

30.04.2024

Fairstone creates 6 managing directors in revamp

North East-based Chartered Financial Planning-focused wealth manager Fairstone has appointed six new managing directors as it changes its organisational structure across its wealth advisory, training...

Financial Planning Today

30.04.2024

HSBC boss resigns after 5 'intense' years

HSBC’s chief executive Noel Quinn is to retire unexpectedly from the bank to “get a better balance” after what he described as an “intense” five years in the role. He has been boss of the global banki...

Financial Planning Today

29.04.2024

Phil Billingham: Good news is always no news

A cursory glance at any form of ‘News’ media will illustrate the truth of the headline – ‘Good News is No News’. The news is tough at the moment. The events of the last few years alone include the big...

Financial Planning Today

29.04.2024

FCA says naming firms facing enforcement will 'help'

Ahead of a consultation deadline tomorrow, the FCA has responded to concerns about its proposals to make public details of enforcement investigations against regulated firms. In a letter to the Financ...

Financial Planning Today

29.04.2024

Almost half of self-employed has no pension or SIPP

Two-fifths of self-employed people – 41% – are risking an uncertain retirement because they aren’t paying into a personal pension, according to new data from investment platform CMC Invest. Worryingly...

Financial Planning Today

29.04.2024

North London Chartered Financial Planner joins Continuum

Retirement planning specialist Chris Haigh has joined national financial advice firm Continuum as a Chartered Financial Planner. Mr Haigh has been advising clients working towards retirement for more...

Financial Planning Today

27.04.2024

£432m takeover of Mattioli Woods moves ahead

The £432m private equity acquisition of SIPPs and Financial Planning firm Mattioli Woods has moved ahead this week with over 95% of shareholders voting in favour. Private equity firm Pollen Street Cap...

Financial Planning Today

27.04.2024

Warning to firms on new sexual harassment prevention laws

There are only six months left before financial services firms need to comply with new laws to prevent sexual harassment in the workplace, a consultancy has warned. The Worker Protection Act is expect...

Financial Planning Today

27.04.2024

Editor’s Comment: A bigger Consumer Duty?

Many have assumed that the Consumer Duty is a fixed piece of regulation, a tablet handed down from upon high about how to be decent to clients. That may have been the case when the idea was first bei...

Financial Planning Today

26.04.2024

FCA may extend financial crime rules to Consumer Duty

The FCA has published proposals to extend its new Consumer Duty requirements to its financial crime fighting and reporting rules. The FCA wants to update its Financial Crime Guide to ensure the Consum...

Financial Planning Today

26.04.2024

FSCS declares 12 firms in default in 2 months

The Financial Services Compensation Scheme (FSCS) has declared 12 regulated firms in default in February and March. The firms have gone out of business and are unable to meet any compensation claims t...

Financial Planning Today

26.04.2024

Vickers becomes third CEO in 14 months for Tenet

Financial adviser network Tenet Group has promoted programme director Stephen Vickers to be its new CEO, replacing Helen Ball who is standing down after just over a year in the role. Mr Vickers will b...

Financial Planning Today

25.04.2024

Tenet appoints third CEO in 14 months

Financial Planning Today

25.04.2024

833 people lose £13.6m to scammers in one year

New data from the government-backed Money and Pensions Service (MAPS) has revealed that consumers have reported losing £13.6m to financial scammers over the past year, an average of over £16,000 each....

Financial Planning Today

25.04.2024

Keith Richards: Why we're backing new Retirement Income Taskforce

A new cross-sector Retirement Income Taskforce (RIT), supported by the Consumer Duty Alliance (CDA), is being launched to collectively tackle the mounting and multiple challenges facing the public and...

Financial Planning Today

25.04.2024

FCA wins £533,000 refund for unauthorised scheme investors

The FCA has recovered £533,000 in funds from an unauthorised deposit-taking firm which invested in crypto and other assets, using a soccer league business as part of the venture. Investors will receiv...

Financial Planning Today

25.04.2024

CDA backs new Retirement Income Taskforce

The Consumer Duty Alliance is to support the launch of a new Retirement Income Taskforce to be chaired by leading pensions campaigner Margaret Snowdon. The new cross-sector Retirement Income Taskforce...

Financial Planning Today

25.04.2024

Schroders begins hunt for new CEO as Harrison retires

Investment manager Schroders has begun the search for a new CEO following news that current CEO Peter Harrison will be retiring after a decade on the board. Mr Harrison plans to retire as group CEO ne...

Financial Planning Today

25.04.2024

Pension transfer volumes drop by 50%

The latest XPS Pension Transfer Watch report has highlighted that pension transfer volumes were 50% lower in March than a year earlier. Transfer values showed a small increase in March but activity re...

Financial Planning Today

24.04.2024

CISI appoints new President of Yorkshire branch

The Chartered Institute for Securities & Investment (CISI) has appointed Hannah Daniel, Chartered MCSI, as the new President of the Yorkshire committee. She takes over from Rebecca Keating, Charte...

Financial Planning Today

24.04.2024

LV= finalises shift to BlackRock as main asset manager

Investment, protection and retirement specialist LV= has completed its transition of asset management services to BlackRock from previous fund manager Columbia Threadneedle Investments. BlackRock was...

Financial Planning Today

24.04.2024

Redmayne to acquire Blankstone Sington client assets

Wealth manager and stockbroker Redmayne Bentley is to acquire the client assets of failed Liverpool wealth manager and stockbroker Blankstone Sington, subject to regulatory and court approval. Blankst...

Financial Planning Today

24.04.2024

Pensions and anti-poverty campaigner Frank Field dies at 81

Former Labour minister and lifelong pensions and anti-poverty campaigner Frank Field, Lord Field of Birkenhead, has died at 81 after a long battle against prostate cancer. Mr Field was known for his f...

Financial Planning Today

24.04.2024

Man charged over £2.6m ‘Kube Trading’ UCIS scheme

The FCA has instigated criminal proceedings against Lee Steven Maggs, 38, of Sittingbourne, Kent, for two counts of fraud and one count of breaching the Financial Services and Markets Act 2000 (FSMA)....

home›Financial Planning Today›Economy

Financial Planning Today - Economy

XPS Pensions creates 11 new partners

Retirees shun advice but wish they had a 'plan'

‘Finfluencers’ fading as investors turn to professional advice

Major US fintech buys UK Chartered Financial Planner

Only 1 in 3 savers confident making pension decisions

London adviser hit with 463 claims is declared in default

London adviser facing 463 claims is declared in default

FCA modifies Pensions Dashboards rules

FOS complaints jump by 20% in 6 months

Workers unaware that a pension is an investment

Söderberg & Partners takes chunk of consolidator

Almost half of self-employed have no pension

Inflows fall 64% at St James's Place but FUM up 6.4%

AMPS warns of HMRC rejecting SSAS approvals

Titan Wealth may launch takeover for IWP

Hargeaves Lansdown reports record £150bn AUA

Fairstone creates 6 managing directors in revamp

HSBC boss resigns after 5 'intense' years

Phil Billingham: Good news is always no news

FCA says naming firms facing enforcement will 'help'

Almost half of self-employed has no pension or SIPP

North London Chartered Financial Planner joins Continuum

£432m takeover of Mattioli Woods moves ahead

Warning to firms on new sexual harassment prevention laws

Editor’s Comment: A bigger Consumer Duty?

FCA may extend financial crime rules to Consumer Duty

FSCS declares 12 firms in default in 2 months

Vickers becomes third CEO in 14 months for Tenet

Tenet appoints third CEO in 14 months

833 people lose £13.6m to scammers in one year

Keith Richards: Why we're backing new Retirement Income Taskforce

FCA wins £533,000 refund for unauthorised scheme investors

CDA backs new Retirement Income Taskforce

Schroders begins hunt for new CEO as Harrison retires

Pension transfer volumes drop by 50%

CISI appoints new President of Yorkshire branch

LV= finalises shift to BlackRock as main asset manager

Redmayne to acquire Blankstone Sington client assets

Pensions and anti-poverty campaigner Frank Field dies at 81

Man charged over £2.6m ‘Kube Trading’ UCIS scheme

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