UK wealthy changing advice firms to get more ‘attention’
Clients feel alienated as wealth managers forget how much they value a personalised approach
Progeny
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Are high fees damaging the IFA sector?
A third of Brits say they would never pay for financial advice
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UK taxman collected record £5.4bn from IHT last year
Financial advice firm finds HMRC receipts have risen rapidly since 2014-15
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British pensioners more flush with cash
The question now is, what can they do with the extra money?
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Number of non-advised pension withdrawals ‘concerning’
Only 10% of Brits regret taking money but many in danger of chipping too much at their retirement pot
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Lack of knowledge an issue for older UK investors
The investment world would ‘be a much better place if 95% of the available funds were to disappear’
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Wealth manager makes third acquisition in a week
Foster Denovo has also made a move in the UK M&A market with the purchase of a Kent-based firm
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Wealth manager makes first foray into Scotland
The firm’s acquisition looks to be the start of spending spree, as it is ‘not pausing in the development’ of the group
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IFAs must tackle taboo topics to help clients and themselves
UK advisers need to shake off their discomfort and bring up uncomfortable subjects – like inheritance
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Progeny assets hit £1bn following adviser acquisition
Wealth manager and legal adviser Progeny Group has acquired Evolve Financial Planning in a deal that will see its assets under advice grow to more than £1bn (€1.1bn, $1.3bn).
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Progeny launches adviser-only ETF solution
A multi-asset ETF product that is only available through financial advisers has been launched by Progeny Asset Management.
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Budget: Little pension change a ‘welcome respite’
It is “business as usual” for UK pensions as no major changes were included in the Autumn Budget by chancellor Philip Hammond, although some small tweaks were made to the lifetime allowance, asset management and the personal income allowance.