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Financial advice A–Z Bambu founder and chief executive Ned Phillips has devised this alphabet of WealthTech, and we love it. But xylophone also starts with an ‘X’, Ned... just saying. A is for API. You don’t know what API stands for? Don’t worry, most people don’t either. B is for Bambu. You know it. C is for Crypto.
Gross net flows for pure adviser platform propositions plunged to an all-time low in the third quarter of 2023, Fundscape has revealed.
Advised platforms suffered £14bn of outflows in the third quarter of 2023, new data from the Lang Cat has revealed. This is an all-time high and represents a 12% increase on the previous quarter (£12.38bn). Total outflows from advised platforms this year so far amount to £38.1bn compared to £29.2bn for the same
Good morning and welcome to your Morning Briefing for Thursday 16 November 2023. To get this in your inbox every morning click here. Maynard named new pensions minister Paul Maynard has been officially appointed as the new pensions minister. He will replace Laura Trott, who left the post on Monday to take up a role
Aviva’s wealth division has reported a 9% year-on-year drop in its net flows due to the “impact of the challenging market volatility”.