Nextwealth Live News Today

People aren’t saving enough for retirement but they can’t afford to save more, which leaves the UK pensions system in big trouble

Wealth management firm True Potential has announced that David Harrison has stepped down from his role as chair. He is succeeded by Andrew Sibbald, who has been deputy chair since April 2023.

This platform topic seems to divide opinion in an almost emotive way

Platform white labelling is not a new concept. It has been around for decades. But in recent months the debate about whether the future of platforms is adviser-owned has been reignited. And it is dividing opinion now more than ever.

Asset managers should learn lessons from consumer-facing firms about using jargon-free language to explain things to customers, JP Morgan Asset Management boss Patrick Thomson has insisted.

True Potential had its “best year yet” in 2022, according to chief executive Daniel Harrison.

The debate about whether advice firms should own their own platforms it hotting up. A growing list are opting to become platform operators in a bid to reduce risk and better manage client assets across multiple execution venues.

So-called “robo” advice was a big deal not that long ago. But it never quite managed to get the foothold it was expected to. Now “hybrid” advice is rising to the fore.

The UK needs to foster a culture in which everyone has a financial health check before they retire.

MoneyHub has said it will demo its first live pensions dashboard next Thursday (31 March). This was announced by MoneyHub business development manager Vaughan Jenkins at NextWealth Live today (22 March).