Retirement income advice – easier said than done
BNY Mellon’s Richard Parkin breaks down the FCA’s recent thematic review of retirement advice
Industry
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Quilter Cheviot adds trio of financial planners to Jersey office
Gillian Schweppe, Matthew Fielding and David Lockhart join
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Nearly all advisers say they expect use of DFMs to increase
Consumer Duty playing a role in driving the trend
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Quilter WealthSelect managers highlight ‘no landing’ scenario concerns
MPS managers have paused adding to their fixed income allocation over fears sticky inflation could delay rate cuts
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Pensions dashboards: What we know (and don’t know) so far
AJ Bell’s Rachel Vahey runs the rule over everything you need to know about the upcoming pensions dashboards
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Gresham House’s Baronsmead VCTs raise another £50m
The round has brought total net asset value to circa £450m
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PEOPLE MOVES: Close Brothers AM, Brown Advisory, Fidelius, Sumitomo Mitsui
Close Brothers makes further hire from Investec
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Söderberg & Partners launches MPS for advisers as it takes stake in Fidelius
Fidelius confirmed FCA approval has been received
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Advice suitability complaints rising and upheld more often – Oxford Risk
41% of complaints against financial advisers in 2022/23 were upheld
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PEOPLE MOVES: Schroders, St James’s Place, Newton IM
Schroders head of UK wealth to exit
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Advisers ‘on dangerous ground’ with tick-box approach to Consumer Duty
Must move away from a product-specific focus
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SJP adds to CIO office with hire from Cazenove Capital
Corinne Lord joins the wealth manager