PEOPLE MOVES: Phoenix Group, Sesame Bankhall, Aviva
Consolidator CEO to step down, as UK financial services firm makes managerial changes
Sesame Bankhall
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Solving the advice talent pool drought
Young people think working in financial services is ‘boring’
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Aviva subsidiary unveils financial adviser trainee scheme
The programme is based in the UK and will be in partnership with training specialists Simply Academy
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Downward trend in Ombudsman complaints
Complaints about advice companies made to the UK’s Financial Ombudsman Service (FOS) eased across the board in the second half of 2017, while Aviva and Barclays bucked the trend and saw complaints rise, according to updated figures.
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We’re SJP’s ‘only credible scale competitor’ claims Old Mutual
Old Mutual Wealth claims a period of rapid growth means it is now the UK’s second largest advice business and only major competitor to St. James’s Place.
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Rogue Sipp adviser lands Sesame with fine over Cape Verde fund
UK network Sesame has been ordered to compensate a pensioner after one of its advisers invested his Sipp into an unregulated Cape Verde fund and hid the commission.
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Complaints against SJP up but Sesame worst advice offender
The UK’s Financial Ombudsman Service (FOS) received 22% more new complaints against St James’s Place in 1H17 compared with 2H16 and, despite a drop in the number of complaints against Sesame, the network remained the most complained about advice provider.
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PEOPLE MOVES: Intrinsic, Sesame Bankhall Group, GAM
Old Mutual Wealth’s Intrinsic has lured its new group managing director from Sesame Bankhall Group, which has prompted a management reshuffle at the financial services distributer. GAM has raided Henderson to fill its newly created head of equities role.
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Compulsory standards needed so advisers can compare DFMs
Compulsory reporting standards are needed for discretionary fund manager (DFM) firms so that advisers can better compare them, a panel of industry experts has said.
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Intrinsic buys Financial Adviser School from Sesame
Intrinsic, part of Old Mutual Wealth (OMW), has acquired the Financial Adviser School from Sesame Bankhall Group (SBG).
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PEOPLE MOVES: Julius Baer, Legal & General, Emirates NBD…
Swiss private bank Julius Baer named its new chief executive for the UK and Ireland, while Legal & General promoted from within to fill its Cofunds chairman role. Emirates NBD appointed a new wealth management chief investment officer, Vestra Wealth added to its private office, and SBG appointed a new head of lender relationships.
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PEOPLE MOVES: HSBC GAM, Man GLG, Schroders…
The revolving door continues to spin as HSBC GAM announced appointments and a replacement, with a member of staff departing for sunnier climes. Schroders and Premier also reported departures, as Orangefield Legis recruited an industry veteran.