Just 8% of insurers comply with incoming Consumer Duty
But regulation could be ‘golden ticket’ to start doing things differently
United Kingdom
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British Steel pension advice firm fails
12 claims have already been filed with the FSCS
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PEOPLE MOVES: Blacktower, Deutsche Bank, Continental
Advice firm bolsters Cayman arm with senior hires, while banking giant names group head of wealth in Asia
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Schroders subsidiary buys UK advice business
It has also picked up a 49% stake in a chartered financial planning firm
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IHT receipts 14% higher than in 2021
Taxman has collected £4.1bn in the current tax year so far
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Progeny snaps up UK financial planning firm
Deal takes assets under management to nearly £7bn
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Millennials prioritise parents over inheritance
Preferring they have a comfortable retirement rather than gift money
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HMRC to rake in £1.7bn from Autumn Statement tax avoidance crackdown
Investigations are an ‘open door’ the Treasury can continue to push
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FSCS on the hunt for clients of two unregulated investment firms
To explore whether compensation could be deemed valid under its rules
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Novia Financial to cut platform charges
For the first time since its launch in 2008
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PEOPLE MOVES: Amundi, Singlife, Schroders PW
French asset manager names Belgium CEO, while insurer hires deputy CIO
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Most advisers rely on portfolio performance to evidence value
This fails to measure the planning and emotional support that clients get from IFAs