Racial discrimination ‘rife’ in financial services
With unwelcome comments on race still being tolerated in the workplace
United Kingdom
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Former Killik & Co financial planner sets up UK advice firm
Business wants to become a ‘retirement income specialist’
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Cost-of-living crisis triggers 23% surge in taxable pension withdrawals
£3.6bn was taken in the first quarter of this financial year
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Director banned over £8m care home investment scheme
He has been handed a 10-year disqualification order
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IFA group completes 11th acquisition of 2022
Deal adds £100m in assets under management
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‘Woeful’ British Steel IFA company fined £2.4m
It provided unsuitable pension transfer advice to both BSPS and other DB members
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JP Morgan PB invests in two Swiss fintech firms
To bolster its digital offering for UHNW clients across Europe, Middle East, Latin America and Asia
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PEOPLE MOVES: Wealth Wizards, Janus Henderson, Indosuez WM
Advice tech firm names CEO, as asset manager makes c-suite change
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Tavistock offloads research firm bought six months ago
Business sold for £3m – the same price paid for it in May 2022
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SJP partner firm makes fifth acquisition
Deal sees assets under management exceed £435m
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FCA wants pension providers to boost consumer engagement
As it sets out standards to make sure savers can access ‘value for money products’
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Kingswood bags advice firm in £12.4m acquisition
It has four potential M&A deals currently under exclusive due diligence