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"The traditional platforms are fatally wounded unless they significantly change.” A stark warning from Ian McKenna — director of the Financial Technology Research Centre — at the Money Marketing Retirement Summit, which took place at the Runnymede on Thames Hotel on 9 and 10 June. But he was not alone in his strong
The upcoming Consumer Duty is likely to make ongoing advice fees hard to justify in the short to medium-term future. This is the view of PIMFA head of public affairs Simon Harrington, who was speaking today (10 June) at Money Marketing’s Retirement Summit.
'The agent as client and reliance on others rules have always been tricky to interpret and apply'
It is ‘important each party understands the structure of the arrangements they set up’
Advice firms shift toward launching own white-label platforms By Jean-Baptiste Andrieux 25 th May 2021 10:00 am Almost half of advice firms with £250m assets under management (AUM) plan to launch their own white-label platform in the next three years. This is the main finding from a new report by NextWealth that reveals a substantial shift toward white-label platforms. It surveyed 218 advisers in February 2021 and also organised a roundtable with 10 senior managers from large financial advice businesses and consolidators. In addition to this, NextWealth sent a que...