Tough economic conditions taking toll on advice profession – NextWealth
Report also highlights ‘clear distinction’ between ‘planners’ and ‘advisers’
NextWealth
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A fifth of IFAs plan to overhaul their tech stack in the next 12 months
With one in seven having switched cashflow modelling tools in the last year
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Five potential impacts of Consumer Duty
NextWealth predicts what will happen after the FCA’s regulation is implemented
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Will lack of adviser ESG training spark a mis-selling scandal?
Confusing terminology, no standardised reporting frameworks and greenwashing all could pose a problem
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11% rise in discretionary MPS assets
Consumer Duty has sparked ‘confusion about who is a co-manufacturer of the investment proposition’
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PEOPLE MOVES: FSCS, Maps, SEI
UK lifeboat scheme and pension service announce CEO exits
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Five ways Consumer Duty will impact advisers and investment managers
Adviser community has always ‘adapted to new ways of working’
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Just 23% of IFAs offer DB pension transfer advice
‘It’s hard to predict what the position will be five years from now’
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Should advice firms set up in-house investment platforms?
Developing and maintaining one can be ‘expensive’
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Will the Consumer Duty spark a rise in outsourcing?
FCA expected to enforce the rules ‘aggressively’
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UK advice sector set for a ‘wave of consolidation of acquirers’
NextWealth says it is ‘seeing an almost Pacman-like appetite’ for firms
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What will be the most important feature of pension dashboards?
They ‘offer a fantastic opportunity for advisers to engage with clients’