BoE split as majority vote to raise interest rates to 3.5%
Two committee members backed no change, while one favoured a 75bps rise
United Kingdom
-
-
Tax pensions on death, UK government told
DC schemes front and centre but scant mention of defined benefit pots
-
Fairstone adds £200m FuM with latest acquisition
Group funds under management surpasses £13bn
-
Perspective buys IFA firm and has four more deals in the pipeline
Its 12th acquisition of 2022 adds £115m to AuM
-
Hybrid advice revolution shows no sign of stopping
Just 23% of firms have returned to a majority face-to-face model
-
HNW clients fret over recession threat
Wealthy investors are in a ‘state of paralysis’ but it is ‘not the time to shy away’
-
European wealth managers predict tougher suitability regulations
Most feel they will be pressured to pay compensation for failing to understand clients’ risk profiles
-
PE-backed wealth manager makes double acquisition
Deals increase assets under advice to over £1.8bn
-
AFH-acquired advice firm fails
It is one of two companies that have gone bust according to the UK lifeboat scheme
-
FCA to review compensation limits for pension claims
As the regulator continues to move towards a ‘polluter pays’ FSCS model
-
SJP seeks to smash recruitment barriers for trainee advisers with disabilities
It wants to make the process of joining its academy more accessible
-
Eye-watering inflation will widen advice gap
Advisers have identified it as the ‘single biggest challenge’ they currently face