Leader: Wine and bad advice have one thing in common - poor outcomes
The long-awaited review of retirement income advice is packed full of examples of both good and bad practice
Source: moneymarketing.co.uk
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The Morning Briefing: UK economy grows slightly in February; Good and bad practice in the advice space
Good morning and welcome to your Morning Briefing for Friday 12 April 2024. To get this in your inbox every morning click here. UK economy grows slightly in February The UK economy has grown slightly for the second month in a row with gross domestic product (GDP) up just 0.1% in February, the Office for National
Source: moneymarketing.co.uk
Quilter hires three new investment directors
Quilter has hired three new investment directors to promote the company’s investment solutions to advisers and external audiences. Ryan Medlock and Filipo Madonia were both formerly at Royal London, while Nick Davison joins from Liontrust. They will report to lead investment director Andy Miller. All three will be
Source: moneymarketing.co.uk
Tim Sargisson: Why a race to the bottom on advice charges spells danger
According to Next Wealth’s excellent Financial Advice Business Benchmarks report, published in October, the average cost of ongoing advice across the wider industry is now 63.7 basis points (bps) — down 4.7bps compared to last year.
Source: moneymarketing.co.uk
Kingswood-owned DFM IBOSS surpasses £2bn in assets under influence
IBOSS, a discretionary fund manager (DFM) owned by Kingswood, has surpassed £2bn in assets under influence (AUI). The company said that the growth was driven by strong demand from financial advisers for its investment solutions.
Source: professionaladviser.com