Latest News
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FCA faces continued backlash over ‘name and shame’ proposals
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Investors becoming more proactive as holding periods fall ‘drastically’
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Last chance to enter the Wealth and Asset Management Awards 2025
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Research reveals ongoing confusion over govt's IHT pension proposals
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HSBC anticipates double-digit income growth in wealth business
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Edmond de Rothschild becomes majority shareholder at UK-based wealth manager
Archive News
There is ongoing confusion among industry professionals around the government's plans to bring pensions into the scope of inheritance tax (IHT), research from Sackers has found
Posted: 21/2/25
The Financial Conduct Authority (FCA) has continued to face a backlash over its plans to ‘name and shame’ firms, under which the regulator would change its approach to publicising enforcement action
Posted: 21/2/25
Investors are becoming significantly more proactive, trading with more frequency and reducing average holding periods across key asset classes, global funds network Calastone has stated
Posted: 21/2/25
This is the last chance for companies and individuals to enter the Wealth and Asset Management Awards 2025, with the final deadline closing on Monday 24 February
Posted: 21/2/25
The latest appointments in the wealth management industry
Posted: 20/2/25
HSBC is expecting double-digit percentage average annual growth in fee and other income in its wealth business over the medium term
Posted: 20/2/25
Private banking firm Edmond de Rothschild has become a majority shareholder in London-based wealth manager Hottinger & Co, increasing its stake in the firm to 70 per cent
Posted: 20/5/25
Mercer has reached an agreement to acquire Secor Asset Management for an undisclosed amount
Posted: 20/2/25
UK disability charity Scope has appointed Cazenove Capital, the wealth management business of Schroders, as its new investment manager
Posted: 20/2/25
More than nine in 10 (93 per cent) high net worth individuals (HNWI) have seen their lifestyle and financial planning impacted by the current higher interest rate environment and continuing rise in the cost of living (CoL), analysis from Saltus has found
Posted: 19/2/25
Wealth advisers have been encouraged to talk about philanthropy with their clients, as while high net worth individuals (HNWI) are increasingly considering giving as part of their investments, it is still viewed with “cynicism” in the UK, according to the Charities Aid Foundation (CAF)
Posted: 19/2/25
Wealth management firm Nova Wealth has become a B Corporation for its efforts in attracting under-represented talent to the industry
Posted: 19/2/25
Rising demand for financial advice and keeping up with regulatory changes are impacting the amount of time advisers have to spend with their clients, research from The Exeter has found
Posted: 19/2/25
Shareholders have voted against Saba Capital Management’s board change proposals at the Edinburgh Worldwide Investment Trust general meeting
Posted: 18/2/25
The Financial Conduct Authority (FCA) has charged a Hampshire-based independent financial adviser (IFA) with multiple criminal offences, including fraud by abuse of position and providing false or misleading information to the regulator
Posted: 18/2/25
More than half (54 per cent) of UK adults are planning to adjust their retirement or estate planning in response to the government’s inheritance tax (IHT) changes on pensions
Posted: 18/2/25
Quilter Cheviot’s sustainable investment team has added three new holdings to its Climate Assets Balanced fund
Posted: 18/2/25
The majority of investors are aware of the Financial Conduct Authority’s (FCA) Sustainability Disclosure Requirement (SDR) labels, but vague wording and jargon are hindering investment in sustainable funds, according to the Investment Association (IA)
Posted: 18/2/25
Legal & General (L&G) has announced the launch of three new index funds to bolster its proposition for UK and European investors
Posted: 14/2/2025
Fund managers are expecting significant increases in inflows and product launches in 2025, as they look to capitalise upon growing investor appetite for alternative assets and ETFs, new research from Carne Group has indicated
Posted: 14/2/2025
The lang cat’s reg tech reporting and research solution, Analyser, has integrated with webapp, ZeroKey, to allow advisers to add clients without manual data entry
Posted: 14/2/2025
Benchmark Capital has reached an agreement to acquire Robertson Baxter for an undisclosed amount
Posted: 14/2/2025
Trade body PIMFA has urged the Financial Conduct Authority (FCA) to ensure that the value of financial advice remains “obvious to consumers”, and that the boundary is not “further blurred”
Posted: 13/2/2025
The Platforms Association has confirmed the appointments of four new board members
Posted: 13/2/2025
Overall confidence in the UK economy has halved in less than six months among high-net worth individuals (HNWIs), according to the latest Wealth Index Report from Saltus
Posted: 13/2/2025
Lumin Wealth has announced the acquisition of Professional Financial Centre (PFC), a Berkhsire-based financial advice firm, for an undisclosed sum
Posted: 13/2/2025
Evelyn Partners has reported that its gross inflows totalled a record £8bn across 2024, with an annualised growth rate of 13.5%
Posted: 12/2/2025
The Institute for Fiscal Studies (IFS) has urged the Government to take action to stop and reverse the proliferation of small pension pots
Posted: 12/2/2025
The Government’s attempt to tweak its overhaul of non-dom taxation is a “superficial fix” that does nothing to reverse the damage already inflicted, according to a warning from deVere Group
Posted: 12/2/2025
Independent financial advisers (IFAs) are increasingly concerned about tax changes, according to Opinium’s latest IFA Barometer
Posted: 12/2/2025
Pictet Group has reported a 15% rise in consolidated profit to £586.5m for the year to 31 December
Posted: 11/2/2025
Saba Capital’s intention to requisition general meetings at four of its UK listed trusts marks a “significant shift” in strategy by the group, according to the Association of Investment Companies (AIC)
Posted: 11/2/2025
Corporate and fiduciary administrator, Ocorian, has launched a new partnership with Landytech, a software firm that has developed an investment management platform for asset owners, managers and advisers
Posted: 11/2/2025
Evelyn Partners’ sustainable managed portfolio service (MPS) team has added three new funds to its portfolios
Posted: 11/2/2025
AJ Bell has reported a 436% increase in the number of adviser gilt purchases through its Investcentre gilt dealing service
Posted: 10/2/2025
Shackleton has announced the acquisition of Norfolk-based advice firm, Harrold Financial Planning (HFP), for an undisclosed amount
Posted: 10/2/2025
Verso Wealth Management has signed a deal worth up £500,000 to acquire WH Ireland’s Henley office
Posted: 10/2/2025
LV= has announced the appointment of Sarah Hills as its new wealth proposition director
Posted: 10/2/2025
Quilter Financial Planning has added four new appointed representative (AR) firms to its advice network
Posted: 10/2/25
Financial advice firms are feeling positive about the state of the sector, with 80 per cent reporting an increase in turnover in 2024, The Lang Cat’s latest State of the Advice Nation report has found
Posted: 10/2/25
Third Financial, part of Nucleus Group, has launched a white-labelled digital proposition that provides an automated platform aiming to “transform” the way advisers and their administration teams manage their clients
Posted: 7/2/25
The latest appointments in the wealth management industry
Posted: 7/2/25
St. James’s Place (SJP) has entered into a long-term partnership with digital advice platform, Dynamic Planner, to provide client risk profiling services
Posted: 7/2/25
Fund outflows were “slashed” in 2024 amid cautious optimism among investors, with funds under management rising by 6 per cent year-on-year to end 2024 at £1,509bn, data from the Investment Association (IA) has shown
Posted: 7/2/25
Shareholders have voted against Saba Capital Management’s proposed changes at each of the six general meetings that have been held at affected investment trusts so far
Posted: 7/2/25
The Treasury Committee has launched an inquiry to consider the potential impacts of the increased use of artificial intelligence (AI) in financial services
Posted: 7/2/25
Oxford Risk has called on financial firms to do more to make changes in investor behaviour, after Barclays estimated that 13 million UK adults hold £430bn of possible investments in cash savings
Posted: 6/2/25
The Communications and Digital Committee has called on the government to do more to celebrate successful wealth creators and foster a culture where entrepreneurs are incentivised to stay in the UK
Posted: 6/2/25
The latest appointments in the wealth management industry
Posted: 6/2/25
High net worth (HNW) women are more likely to put their children first when thinking about wealth planning, while men tend to prioritise their spouse, research from Charles Stanley has found
Posted: 6/2/25
There has been a “notable increase” in acquisitions among independent financial adviser (IFA) firms, a new study by Opinium has suggested, with 9 per cent of firms having acquired other businesses as of December 2024
Posted: 4/2/25
A total of 152,700 estates will come into scope of inheritance tax (IHT) or face additional IHT liability if measures to include pensions in IHT calculations, as was announced in the autumn Budget, come into effect, according to a freedom of information (FOI) request by Interactive Investor
Posted: 4/2/25
The Lang Cat has added a new functionality to its Analyser reg tech software, aiming to support advisers with the justification needed when recommending and evidencing client platform switching
Posted: 5/2/25
Investment trusts have traded at double-digit discounts for an “unprecedented period”, presenting investors with opportunities, research from the Association of Investment Companies (AIC) has revealed
Posted: 5/2/25
Brooks Macdonald has completed the acquisition of LIFT-Financial Group and LIFT-Invest
Posted: 4/2/25
London-based start-up Brava has launched to help ‘unlock’ the stablecoin market to wealth managers, high net worth individuals (HNWI), and institutional investors
Posted: 4/2/25
Trade association PIMFA has called on the Financial Conduct Authority (FCA) to be ambitious and assertive in its proposals to modernise the redress system
Posted: 4/2/25
The Financial Conduct Authority (FCA) has set out proposals aimed at making it easier for listed companies to issue corporate bonds that wealth managers and retail investors can buy
Posted: 4/2/25
There is a "huge disparity" between men and women's pension wealth, analysis from Broadstone has revealed
Posted: 3/2/25
The Association of Investment Companies (AIC) has launched a campaign seeking to ensure that all investors can exercise their right to vote their shares
Posted: 3/2/25
Asset Risk Consultants (ARC) Research is launching its ARC Managed Platform Solutions (MPS) Indices, which aim to give independent financial advisers (IFA) clarity on the performance of MPS managers
Posted: 3/2/25
Wealth platform for high net worth individuals (HNWI) Prosper has raised £4m in a funding round led by venture capital firm Fuel Ventures
Posted: 3/2/25
Almost a third (32 per cent) of advisers have pointed towards the increased cost of doing business as their biggest challenge over the next one to two years, The Exeter has revealed
Posted: 31/1/25
The latest appointments in the wealth management industry
Posted: 31/1/25
The global market value of eight of the largest asset classes reached a record $246.8trn at the end of 2024, analysis from Ocorian has revealed
Posted: 31/1/25
P1 Investment Services, which operates the P1 Platform, has launched an all-in-one client onboarding and servicing portal for advisers and their clients
Posted: 31/1/25
UK companies paid their shareholders £92.1bn in 2024, a 2.3 per cent year-on-year rise on a headline basis, although the total payout on a constant-currency basis fell by 0.4 per cent, Computershare has revealed
Posted: 30/1/25
China-based artificial intelligence (AI) firm DeepSeek has sent “shockwaves” through the US equities market, highlighting the need for diverse and resilient portfolios, investment industry experts have stated
Posted: 30/1/25
LV= has launched its ‘Platform Services’ option for advisers, in a partnership with Embark, following a 12-month controlled launch period with a panel of advisers
Posted: 30/1/25
Less than two fifths (39 per cent) of the highest earners are on track for a comfortable retirement income, according to data from Hargreaves Lansdown's (HL) Savings and Resilience Barometer
Posted: 30/1/25
Ninety One has announced that its Global Sustainable Equity Fund will adopt the ‘Sustainability Impact’ label on 28 February 2025
Posted: 29/1/25
Investment manager Foresight Group has acquired impact investor WHEB Asset Management for an undisclosed amount
Posted: 29/1/25
Higher-rate taxpayers could be missing out on additional pension wealth worth around £97,000 by not claiming additional tax relief via self-assessment tax returns, according to calculations by Interactive Investor
Posted: 29/1/25
Bold action is needed from the government and financial institutions to ensure that wealth inequality between older and younger generations does not get worse, a report from the International Longevity Centre UK (ILC), in partnership with M&G, has argued
Posted: 29/1/25
Quilter Financial Planning has adopted VouchedFor’s client survey system, Elevation, to support its network of advisers
Posted: 28/1/25
The deadline to enter the Wealth and Asset Management Awards 2025 has been extended to 24 February
Posted: 28/1/25
Schroders has announced it is set to adopt Sustainability Disclosure Requirements (SDR) labels for a further three funds, resulting in each of the four labels being adopted spanning 16 funds
Posted: 28/1/25
Evelyn Partners Group has entered into an agreement to sell its fund solutions business, operated by Evelyn Partners Fund Solutions (EPFS), to Thesis Holdings for an undisclosed amount
Posted: 28/1/25
Women are less engaged than men when it comes to conversations with their financial adviser or family office, according to a study from Charles Stanley
Posted: 28/1/25
Titan Wealth has announced the acquisition of Jersey-based financial advisory firm, Advisa Wealth, subject to regulatory approval
Posted: 27/1/25
The latest appointments in the wealth management industry
Posted: 27/1/25
The Association of Investment Companies (AIC) has published a list of the investment trusts that received the most views on its website in 2024, with income being an “overarching theme”
Posted: 27/1/25
The wealthiest 10 per cent of households in Britain have the majority of their assets made up of net property wealth and private pension wealth, figures from the Office for National Statistics (ONS) have shown
Posted: 27/1/25
AXA Investment Managers (IM) has adopted Sustainability Disclosure Requirements (SDR) labels for three equity funds in the UK, including two ‘Sustainability Improver’ labels
Posted: 24/1/25
Shareholders have voted against proposals from Saba Capital Management at the first of seven investment trust general meetings where votes are taking place on changes proposed by the firm
Posted: 24/1/25
Firms hoping that the government’s call to boost growth through regulatory reform will mean cuts to Consumer Duty will be "disappointed", MorganAsh has warned
Posted: 24/1/25
Chancellor, Rachel Reeves, is planning to water down changes to tax rules on non-doms amid concerns about the number of high net worth individuals (HNWI) leaving the UK
Posted: 24/1/25
Defaqto has published a list of the adviser platforms it has identified as being the most recommended by value for 2024
Posted: 23/1/25
The latest appointments in the wealth management industry
Posted: 23/1/25
Forvis Mazars has announced changes to its model portfolios as part of its quarterly rebalance, including reducing or exiting holdings in funds that are going through manager changes or it felt were struggling in challenging markets
Posted: 23/1/25
Perspective Financial Group has announced that it completed five acquisitions in December, taking the group’s total in 2024 to 29
Posted: 23/1/25
HMRC has confirmed that it is reviewing the issues and views expressed in the response to its consultation on plans to bring pensions into the scope of inheritance tax (IHT), and will publish both a formal response and draft legislation "later in the year"
Posted: 23/1/25
This is the final week to enter the Wealth and Asset Management Awards 2025, with the entry deadline closing on Friday 24 January
Posted: 22/1/25
The government has announced plans to hold ‘Industry Forums’ with leaders from across the financial services sector to design the first-ever Financial Services Growth and Competitiveness Strategy
Posted: 22/1/25
Consumer Duty is having a major influence on advice practice, according to data published by The Lang Cat
Posted: 22/1/25
The government is facing growing pressure to rethink its plans to bring pensions into the scope of inheritance tax (IHT), with a number of industry organisations calling on the government to make "fundamental" changes to the plans
Posted: 22/1/25
The government’s inheritance tax (IHT) take has continued to increase, with receipts totalling £6.3bn between April and December 2024, HMRC’s latest figures have shown
Posted: 22/1/25
Quilter’s WealthSelect managed portfolio service (MPS) has conducted an ad hoc rebalance across its WealthSelect Managed, Responsible and Sustainable ranges in response to recent bond market performance
Posted: 20/1/25
Standard Chartered has launched a new global wealth campaign aimed at high net worth individuals (HNWI) as it seeks double-digit growth in its Wealth Solutions business
Posted: 21/1/25
Invesco has announced it is launching a new exchange-traded fund (ETF) that tracks the performance of the S&P 500 Equal Weight index
Posted: 20/1/25
Investors should exercise caution and avoid making immediate portfolio adjustments in response to the inauguration of Donald Trump as US President, wealth experts have warned
Posted: 20/1/25
The government has been urged to "take a step back" from its plans to bring pensions into the scope of inheritance tax (IHT) and plot a new way forward, following concerns that the current proposals could risk "forcing a round peg into a square hole"
Posted: 20/1/25
Swedish wealth manager Söderberg & Partners has announced investments in three more UK-based IFA firms
Posted: 20/1/25
The Association of Investment Companies (AIC) has written to the Financial Conduct Authority (FCA) to raise concerns about Saba Capital Management’s proposed changes at seven investment trusts
Posted: 20/1/25
Billionaires’ total wealth increased by $2 trillion in 2024, the equivalent of $5.7 billion a day, a report from Oxfam has revealed
Posted: 20/1/25
AI-driven financial reporting solution provider Avenir has partnered with The Lang Cat and its reg-tech Analyser software to support financial advice firms with more efficient reporting
Posted: 17/1/25
Geopolitical tensions have overtaken cybersecurity as the biggest risk facing financial services firms in 2025, according to a study of financial services business leaders
Posted: 17/1/25
The latest appointments in the wealth management industry
Posted: 17/1/25
EdenTree Investment Management has announced it will be changing the name of its recently launched EdenTree Global Select Government Bond Fund as the fund adopts a Sustainability Disclosure Requirements (SDR) label
Posted: 16/1/25
Wealth managers in the UK have been encouraged to think about how best to adopt artificial intelligence (AI) following the government’s recently announced AI Opportunities Action Plan
Posted: 16/1/25
Global ‘megatrends’ and evolving client expectations are giving rise to an interconnected system of personalisation, transparency and technology, requiring wealth managers to “dramatically rethink” how they deliver services, according to a new report from MSCI
Posted: 16/1/25
Retirement savings are "under threat" after the announcement that pensions will be subject to inheritance tax (IHT) from 2027, according to research from Charles Stanley Direct
Posted: 16/1/25
Defaqto has revealed the top 10 most recommended platform managed portfolio solutions (MPS) from 2024 by value, with Tatton Core Active taking the top spot
Posted: 16/1/25
The latest appointments in the wealth management industry
Posted: 15/1/25
Twenty-three per cent of independent financial advisers (IFAs) are planning to introduce AI tools into their services to clients within the next 12 months, according to a new survey from Opinium
Posted: 15/1/25
Downing has launched its MGTS Downing Active Defined Return Assets Fund, the first fund from its new Liquid Alternatives team
Posted: 15/1/25
LGT Wealth Management has announced it has become the first wealth manager in Europe to adopt pass-through voting technology
Posted: 15/1/25
Investment consultancy Bfinance has launched Bfinance Access, a service designed to support wealth managers in providing customised private markets investment solutions to their clients
Posted: 14/1/25
The Association of Investment Companies (AIC) has written to investment platforms urging them to notify their customers of upcoming votes on Saba Capital Management’s proposed investment trust changes
Posted: 14/1/25
St. James’s Place has awarded a sustainable investment mandate currently £5.2bn in size to Schroders
Posted: 14/1/25
Pensions Administration Standards Association (Pasa) board director, Chris Tagg, discusses the government's plans to bring pensions into the scope of inheritance tax, and the potential pitfalls of its proposed implementation approach
Posted: 14/1/25
Aegon Asset Management (AM) has announced it will adopt the Financial Conduct Authority’s (FCA) Sustainability Disclosure Requirements (SDR) labels for two of its funds
Posted: 13/1/25
The number of mergers & acquisitions (M&A) among UK wealth and asset managers totalled 122 in 2024, up from 107 in 2023, EY’s latest figures have revealed
Posted: 13/1/25
The latest appointments in the wealth management industry
Posted: 13/1/25
Approximately 134,000 high-net-worth individuals (HNWI) relocated and established new domiciles worldwide in 2024, in what was a ‘landmark year’ for wealth migration, a report from Henley & Partners had found
Posted: 13/1/25
Attivo Investments has launched in the UK and partnered with SEI to introduce managed portfolio service (MPS) ranges through a co-CIO model
Posted: 10/1/25
Nearly half (43 per cent) of family offices are developing or implementing a technology strategy in 2025, according to a report from Deloitte
Posted: 10/1/25
Inflation has dented the ‘real’ value of private client portfolios, despite achieving above-average returns in 2024, analysis from Asset Risk Consultants (ARC) has revealed
Posted: 10/1/25
Wealth managers, family offices, and alternative asset managers are adjusting their exit strategies in response to the current interest rate environment, research from Ocorian has found
Posted: 10/1/25
The joint administrators of PSG SIPP have confirmed that the sale of the Unity SIPP scheme to Pathlines Pensions has been completed
Posted: 10/1/25
Railpen and Royal London Asset Management have shared guidance on the cybersecurity risks in investment portfolios, urging investors to recognise the financial materiality of cybersecurity to their portfolios, and take the necessary steps to address this
Posted: 9/1/25
Foster Denovo has acquired Glasgow-based independent financial adviser (IFA) firm Verum Wealth
Posted: 9/1/25
The proportion of people who have a financial adviser and believe they offer value for money (VFM) has increased by 10 percentage points year-on-year to 82 per cent, according to Scottish Widows’ latest Investor Confidence Barometer
Posted: 9/1/25
The UK 10-year gilt yield has hit its highest level since the financial crisis in 2008, while the 30-year yield is at its highest since 1998, prompting concerns among the industry about the road to recovery for the UK economy
Posted: 9/1/25
Azets Wealth Management has reached an agreement to acquire Newcastle-based financial planning firm Laurus Associates for an undisclosed sum
Posted: 8/1/25
Vontobel has completed the acquisition of IHAG Privatbank’s client book for an undisclosed amount
Posted: 8/1/25
The Financial Conduct Authority (FCA) has cancelled financial planning firm Barkestone Associates (Wealth Management)’s Part 4A permission, resulting in the company no longer having permission to carry on regulated activities
Posted: 8/1/25
Schroders’ high net worth wealth management business Cazenove Capital is to adopt the Financial Conduct Authority’s (FCA) Sustainability Disclosure Requirements (SDR) labels across its three sustainable flagship funds
Posted: 8/1/25
Investment professionals will need to have an “unwavering focus” on diversification and valuations in 2025 amid elevated equity prices and credit market risks, St. James’s Place (SJP) CIO, Justin Onuekwusi, has stated
Posted: 7/1/25
Almost one in five (18 per cent) UK adults plan to start investing regularly in 2025, according to research from the Investment Association (IA)
Posted: 7/1/25
The number of people in the UK with wealth of $1m or more will decline by 17 per cent between 2023 and 2028, according to analysis from UBS
Posted: 7/1/25
There are less than three weeks left to enter the Wealth and Asset Management Awards 2025, with the 24 January deadline fast approaching
Posted: 6/1/25
Over four in five (83 per cent) AJ Bell customers have stated that they are either very or somewhat concerned about tax increases from the new Labour government in 2025
Posted: 6/1/25
Global wealth totalling $83.5trn is forecast to be transferred within the next 25 years, according to UBS’s Global Wealth Report
Posted: 6/1/25
Hoxton Wealth has launched a new online community aimed at those seeking a career in the financial planning sector amid a growing need for new talent in the industry
Posted: 6/1/25
Former WealthTek LLP principal partner, John Dance, has pleaded not guilty to nine criminal charges, including multiple counts of fraud and money laundering
Posted: 6/1/25
US stocks continue to be in demand for UK investors as they dominated the most-bought equity investments in December, according to data from Interactive Investor
Posted: 3/1/25
There is “continued strong demand” among financial intermediaries to improve their ability to support clients in vulnerable circumstances, according to Just Group
Posted: 3/1/25
The latest appointments in the wealth management industry
Posted: 3/1/25
Discretionary fund manager (DFM) and technology partner Parmenion has introduced a new option to advisers using its in-house DFM
Posted: 3/1/25
The amount of inheritance tax (IHT) receipts collected by HM Revenue and Customs (HMRC) reached £5.7bn between April and November, an 11 per cent increase on the same period in 2023/24
Posted: 2/1/25
Two fifths (40 per cent) of UK adults aged 55 or over remain “completely unaware” of new rules that will bring pensions into the scope of inheritance tax (IHT) from April 2027, research from Canada Life has revealed
Posted: 2/1/25
The Financial Conduct Authority (FCA) has launched a consultation on its proposed product information framework for consumer composite investments (CCI)
Posted: 2/1/25
Former WealthTek LLP principal partner, John Dance, has been charged by the Financial Conduct Authority (FCA) with nine criminal offences, including multiple counts of fraud and money laundering
Posted: 2/1/25
The latest appointments in the wealth management industry
Posted: 23/12/24
Following a volatile year of rising geopolitical tensions and shifting investment markets, the wealth management industry looks ahead at what 2025 may bring and the potential trends impacting the UK wealth and advice sectors
Posted: 23/12/24
Over a quarter (28 per cent) of those approaching retirement have used a financial adviser or wealth manager, Oxford Risk has found
Posted: 20/12/24
Gretel has partnered with J.P. Morgan Asset Management and Rathbones Asset Management to help investors find their share of an estimated £2.8bn of lost and dormant investments in the UK
Posted: 20/12/24
Quilter Financial Planning has announced it has added a further three appointed representative firms to its advice network
Posted: 20/12/24
The Financial Services Compensation Scheme (FSCS) has revealed that 13 firms were declared in default in October and November 2024
Posted: 19/12/24
Titan Wealth has announced the acquisition of Independent Wealth Planners (IWP), a provider of financial planning solutions, for an undisclosed amount
Posted: 19/12/24
Almost half (47 per cent) of UK adults earning £40,000 or more a year are planning to increase their investments in 2025, research from digital wealth manager Sidekick has found
Posted: 19/12/24
The latest appointments in the wealth management industry
Posted: 19/12/24
The T. Rowe Price Funds OEIC Global Impact Credit and T. Rowe Price Funds OEIC Global Impact Equity have gained approval to use the ‘Sustainability Impact’ label under the Financial Conduct Authority’s (FCA) Sustainability Disclosure Requirements (SDR) regime
Posted: 19/12/24
The Financial Conduct Authority (FCA) has fined Richard Fenech and Heather Dunne, and banned them from working in financial services, due to pension transfer advice failings
Posted: 18/12/24
Firms that are falsely using GDPR as a “scapegoat” for non-compliance with Consumer Duty are risking severe action from the Financial Conduct Authority (FCA), MorganAsh has warned
Posted: 18/12/24
The Investment Association (IA) has set out its plans for future growth to support the UK economy and boost individuals’ financial resilience
Posted: 18/12/24
The Financial Conduct Authority (FCA) has published a consultation on the regulatory framework for the new private stock market: the Private Intermittent Securities and Capital Exchange System (PISCES)
Posted: 18/12/24
More than one in six (16 per cent) high-net-worth individuals (HNWI) over 60 years old have said they will likely need to rely on their children’s inheritance to pay for unexpected later life costs, Rathbones has found
Posted: 17/12/24
Sarasin & Partners has joined forces with MPA Financial Management to create a bespoke suite of model portfolios for the Midlands-based advisory firm’s clients
Posted: 17/12/24
B2B wealthtech platform Allfunds has announced the launch of Allfunds Navigation Assistant (ANA), an AI-powered feature that seeks to enhance user experience
Posted: 17/12/24
Advice propositions that blend robo-advice and human interaction are reducing the risk of retirement poverty, according to analysis by Defaqto
Posted: 17/12/24
The Wealth & Asset Management Awards 2025 remain open for entries to firms in the wealth, advice, and asset management spaces
Posted: 16/12/24
There has been a record total of 10 mergers between investment trusts in 2024 so far, double the amount of the previous record year, data from the Association of Investment Companies (AIC) has revealed
Posted: 16/12/24
Quilter’s WealthSelect managed portfolio service (MPS) has increased its allocation to US equities in its latest quarterly rebalance, following the re-election of Donald Trump as President
Posted: 16/12/24
Family offices are planning to boost the outsourcing of core services as they look to benefit from professional expertise and improve services, according to Ocorian
Posted: 16/12/24
BlackRock has launched an evergreen private markets platform for wealth investors in Europe as it seeks to accelerate wealth access to alternative assets
Posted: 13/12/24
Quilter Investors has added AllianceBernstein to its list of WealthSelect global partners, following the appointment of the firm to the Quilter Investors Europe (ex UK) Equity Growth Fund.
Posted: 13/12/24
The government’s plans to bring unspent pension pots into scope of inheritance tax (IHT) has prompted many savers to consider re-evaluating their wealth transfer strategies and retirement plans, according to Standard Life
Posted: 13/12/24
Less than half (45 per cent) of independent financial advisers (IFA) have described the current investment environment as "good", as they adopt a cautious stance towards current investment opportunities, Opinium has found
Posted: 12/12/24
The pensions and advice industries have broadly welcomed the Financial Conduct Authority’s (FCA) proposals to introduce targeted support for pensions, but have warned there will be issues that will be challenging to overcome
Posted: 13/12/24
UK-based wealth manager Julius Baer International (JBI) has announced a further expansion of its regional offerings with the opening of a new office in Glasgow
Posted: 12/12/24
Milecross Financial has completed the acquisition of The Martin Cliffe Practice, a financial planning firm based in Milton Keynes
Posted: 12/12/24
More than two-thirds (67 per cent) of high net worth (HNW) women say that divorce contributed to the value of their current net worth, research from Charles Stanley has shown
Posted: 12/12/24
Utmost Group has received regulatory approval to complete the acquisition of Lombard International Assurance Holdings
Posted: 12/12/24
The Financial Conduct Authority (FCA) has published a consultation on proposals to introduce targeted support for pensions as part of the Advice/Guidance Boundary Review
Posted: 12/12/24
The Evelyn Partners Core Managed Portfolio Service (MPS) team has added Fidelity Special Situations as a new holding in its UK equity allocation in its latest rebalance
Posted: 11/12/24
Advice firms have voiced their concerns about the lack of progress the sector has made towards the products and services outcome as part of the Consumer Duty
Posted: 11/12/24
Asset management firm Vanguard has announced plans to establish a new advice and wealth management division
Posted: 11/12/24
Quilter Cheviot has completed the third phase of its long-term investment thematic engagement, focused on real estate investment trusts (REITs)
Posted: 11/12/24
BlackRock has reached a definitive agreement to acquire HPS Investment Partners for approximately $12bn, with 100 per cent of consideration paid in BlackRock equity
Posted: 10/12/24
Global billionaires’ total wealth grew by 121 per cent between 2015 and 2024, from $6.3trn to $14trn, a report from UBS has revealed
Posted: 10/12/24
Wealth management group GSB has launched the GSB FutureOf Fund I, which looks to invest in disruptive, early-stage businesses amid increased demand from clients for alternative investment opportunities
Posted: 10/12/24
Nearly half (47 per cent) of advisers are worried that a platform could fail over the next three years amid concerns about oversupply and financial strength, a study from Scottish Widows has found
Posted: 9/12/24
The latest appointments in the wealth management industry
Posted: 9/12/24
The financial advice industry should collaborate to help younger generations seek the financial advice and guidance support they need, St. James’s Place (SJP) has argued
Posted: 9/12/24
A newly established UK-based family office fund, FIGR Ventures, has been launched to invest in early-stage, mission-driven businesses
Posted: 9/12/24
Robeco has listed its first line-up of active exchange traded funds (ETF) on the London Stock Exchange
Posted: 9/12/24
Growth capital has been the top-performing investment trust sector in 2024 so far, data from the Association of Investment Companies (AIC) has shown
Posted: 6/12/24
Quilter Financial Planning, the financial advice network of Quilter, has added five new appointed representative firms to its advice network
Posted: 6/12/24
Financial advisers are anticipating an increased allocation to equities over the next 12 months as investors reduce their cash holdings, according to the Schroders UK Financial Adviser Survey 2024
Posted: 6/12/24
The majority of independent financial advisers (IFA) in the UK are dissatisfied by Rachel Reeves’ first Budget as Labour Chancellor, a new study has indicated
Posted: 6/12/24
Willis Owen has been acquired by online investment adviser, Moneyfarm, taking the firm’s assets under management (AuM) to over £5bn
Posted: 6/12/24
The judges for the Wealth and Asset Management Awards 2025 have been announced, bringing together experts from across the wealth and asset management sectors in preparation for the much-anticipated awards night
Posted: 5/12/24
Private banking group J. Safra Sarasin has acquired 100 per cent of the shares of MIV Asset Management AG for an undisclosed amount
Posted: 5/12/24
Financial advisers’ average total earnings rose “significantly” in 2024, despite a decrease in average basic salary, according to a report from financial services recruitment firm Paul Harper Search
Posted: 5/12/24
Foster Denovo has announced the acquisition of Midlands-based IFA firm Brian Mole Independent Financial Advisers for an undisclosed sum
Posted: 5/12/24
Standard Chartered has set targets to acquire $200bn in net new money and achieve double-digit growth in its Wealth Solutions business income over the next five years
Posted: 5/12/24
Swedish wealth manager Söderberg & Partners has made three more investments into UK-based independent financial adviser (IFA) firms
Posted: 4/12/24
Quilter Cheviot has unveiled a new investment proposal tool that seeks to better support advisers with the promotion and implementation of its on-platform managed portfolio service (MPS) investment proposition to clients
Posted: 4/12/24
Independent financial advice (IFA) firm WPS Advisory has partnered with Moneyhub to launch an app aimed at supplementing personalised financial guidance and advice
Posted: 4/12/24
Private members’ club for family offices and investment professionals AYU has launched the Approved Family Office (AFO) Programme, a vetting initiative that seeks to tackle a “critical rise” of ‘fake’ family offices
Posted: 4/12/24
The Financial Conduct Authority (FCA) has fined former Capital & Income Solutions (C&I) director, Philip Pryke, £1.38m for unsuitable pension transfer advice
Posted: 3/12/24
Former Ruffer partner and investment director, Harry Sevier, has launched Lulworth Investment Management, an independent discretionary investment manager
Posted: 3/12/24
Schroders has announced plans to adopt the Financial Conduct Authority’s (FCA) Sustainability Disclosure Requirements (SDR) labels for 10 of its funds
Posted: 3/12/24
Wealth managers are expecting their organisations’ allocations to fixed income to “surge” over the next 18 months after a period of being underweight, according to research from Managing Partners Group (MPG)
Posted: 2/12/24
London-based discretionary wealth manager Bowmore Asset Management has appointed Third Financial, which is now part of the Nucleus Group, as its platform partner
Posted: 2/12/24
The M&G Positive Impact Fund will adopt the ‘Sustainability Impact’ label in the UK in early 2025, M&G Investments has announced
Posted: 2/12/24
Origo’s Unipass Letter of Authority (ULoA) is being made available to all Openwork Partnership advisers, seeking to support them in achieving faster, whole of market processing of their LoA requests
Posted: 2/12/24
A lack of conversations about inheritance planning is resulting in “significant tension” between family members, according to research as part of Canada Life’s Life100+ programme
Posted: 2/12/24
Nearly all (95 per cent) advisers have had to apologise to their clients for poor platform service this year, with asset transfers identified as a particular problem, research from Parmenion has found
Posted: 29/11/24
The latest appointments in the wealth management industry
Posted: 29/11/24
Planning to achieve a comfortable retirement tops clients’ financial advice ‘wish lists’ over the next six months, but the peak age for it being an advice priority is not reached until 55, according to research from St. James’s Place (SJP)
Posted: 29/11/24
Philanthropic giving by family offices is set to grow “strongly” over the next two years, but they expect to see some form of investment return on what they give, a study by Ocorian has found
Posted: 29/11/24
Tailored Centralised Retirement Propositions (CRP) are crucial for advice firms in supporting their clients through retirement, with the retirement income market set for “stratospheric” growth, according to a Charles Stanley report
Posted: 28/11/24
Canaccord Genuity has issued a statement denying reports that it was considering selling its wealth management business in the UK and Crown Dependencies
Posted: 28/11/24
Standard Chartered has announced it is exploring the sale of a “small number” of its businesses to fund incremental investment in its wealth management business
Posted: 28/11/24
Aviva Investors has launched a private debt-focused Long-Term Asset Fund (LTAF) with the creation of the Aviva Investors Multi-Sector Private Debt LTAF
Posted: 28/11/24
More than four in five (82 per cent) family offices are planning to increase their investment risk appetite in the year ahead, with improved regulation of riskier assets the primary driver, research from Ocorian has revealed
Posted: 28/11/24
There is a growing need for flexible structures in family offices as they adapt to address the need to uphold values, safeguard legacies, educate heirs, and maximise technology amid complex markets, according to Morgan Stanley Wealth Management
Posted: 26/11/24
The government has been encouraged to consider alternatives to its proposal of bringing pensions into scope of inheritance tax (IHT)
Posted: 26/11/24
The latest appointments in the wealth management industry
Posted: 27/11/24
An All-Party Parliamentary Group (APPG) call for evidence report has found “very significant shortcomings” at the Financial Conduct Authority (FCA)
Posted: 26/11/24
The latest appointments in the wealth management industry
Posted: 26/11/24
MKC Wealth has announced the double acquisition of IFA Warr & Co Independent Financial Advisers and Halstead Independent Financial Management
Posted: 26/11/24
The majority (51 per cent) of financial advisers are not satisfied with the current retirement products available to help meet the evolving needs of their clients with defined contribution (DC) pensions, according to a study from Invesco
Posted: 26/11/24
Evelyn Partners Group has reached a binding agreement to sell its professional services business to funds advised by Apax Partners
Posted: 26/11/24
The Invest in Women Taskforce has secured more than £250m of funding to support female entrepreneurs in the UK
Posted: 25/11/24
Advised clients feel more confident about achieving their retirement goals after receiving financial advice, as demand looks set to increase amid a changing regulatory landscape, analysis from BNY Investments and NextWealth has found
Posted: 25/11/24
The government’s inheritance tax (IHT) receipts are on course to “smash through” the £8bn level this tax year to around £8.5bn, according to Charles Stanley
Posted: 25/11/24
Asset manager Liontrust has implemented an enterprise portfolio management system integrated with a new data ecosystem, which aims to strengthen the firm’s data management, delivery, and analysis
Posted: 25/11/24
Margetts Wealth has completed a management buy-in with directors, Ian Butler and James Vickers, who have taken equal shares in the financial planning firm
Posted: 22/11/24
The Quilter Investors Monthly Income and Monthly Income & Growth portfolios have introduced several new asset classes to the range following an ‘optimisation’ of its strategic asset allocation
Posted: 22/11/24
The government’s plans to overhaul its regulatory approach will “reshape” financial services in the UK, Bovill Newgate has warned
Posted: 22/11/24
UK business owners feel it is important to keep the business in the family and preserve its legacy, but many lack succession plans to achieve this, HSBC Global Private Banking has found
Posted: 22/11/24
The Platforms Association, which launched in September 2024 to represent the investment platforms sector, has expanded its membership to 46 founding members
Posted: 21/11/24
Eight in 10 (80 per cent) asset and wealth managers expect disruptive technologies, such as AI, to fuel revenue growth, with those moving quickly to adopt ‘tech-as-a-service’ seeing a potential 12 per cent boost to revenues by 2028, according to analysis from PwC
Posted: 21/11/24
HSBC is to relaunch its ‘Premier’ wealth banking brand as it seeks to expand its UK wealth sector presence and attract high net worth individuals (HNWI), according to reports from Reuters
Posted: 21/11/24
The government’s inheritance tax (IHT) receipts for the period April to October 2024 reached £5bn, HMRC’s latest figures have shown
Posted: 21/11/24
The latest appointments in the wealth management industry
Posted: 20/11/24
The update on the Advice/Guidance Boundary Review in the Mansion House speech “offers hope” on closing the advice gap, with retirement and pensions the most likely financial issues people will seek advice on, according to Hargreaves Lansdown
Posted: 20/11/24
Three in 10 (30 per cent) people in the UK believe the changes to inheritance tax (IHT) outlined in last month’s Budget will reduce the amount they are able to leave behind in inheritance, research from Standard Life has revealed
Posted: 20/11/24
The global billionaire population grew by 4 per cent to 3,323 individuals in 2023, more than reversing the previous year’s decline to hit a new record high, Altrata’s Billionaire Census has revealed
Posted: 20/11/24
Fidelity International has confirmed plans to adopt the ‘Sustainability Focus’ Sustainability Disclosure Requirements (SDR) label for three funds within its UK-domiciled equity fund range
Posted: 19/11/24
Amundi has acquired technology company Aixigo for €149m as it seeks to accelerate the deployment of technological solutions to private banks and wealth managers
Posted: 19/11/24
Succession Wealth has announced it has acquired financial planning and wealth management group True Wealth Group
Posted: 19/11/24
Business owners have been urged to tap into the enthusiasm of young heirs by providing them with hands-on experience through philanthropic pursuits to prepare them for future succession and foster prosperity
Posted: 19/11/24
Outflows from advised platforms declined in the third quarter of 2024 for the first time in two years, analysis from The Lang Cat has revealed
Posted: 18/11/24
Almost all (97.4 per cent) financial advice professionals plan to increase their use of artificial intelligence (AI) in the advice journey, according to a poll from Advisersoftware.com
Posted: 18/11/24
Global wealth managers view ongoing geopolitical tensions as the biggest threat to capital markets in 2025, research from Universal Investment has found
Posted: 18/11/24
The Financial Conduct Authority (FCA) has outlined the next steps of the Advice/Guidance Boundary Review, including a consultation on targeted support for pensions in December
Posted: 15/11/24
'Taboos' around vulnerability are deterring advised clients from discussing their additional support needs with their advisers, according to St. James’s Place (SJP)
Posted: 15/11/24
The next generation of high net worth individuals (HNWI) and wealthy investors is set to continue the trend of globalisation amid an increasingly interconnected world, Sarasin & Partners has stated
Posted: 15/11/24
Financial services technology provider, EV, has added a new inheritance tax (IHT) functionality to its end-to-end financial planning solution, EVPro
Posted: 15/11/24
The government has published its consultation response on the Private Intermittent Securities and Capital Exchange System (PISCES), committing to legislate to establish the private stock market by May 2025
Posted: 15/11/24
PFS Power has published new guidance on how firms can focus on delivering consumer outcomes in financial planning
Posted: 14/11/24
Independent financial advisers (IFA) are “broadly supportive” of pension reforms being included in the Mansion House speech this evening (14 November), research from Opinium has revealed
Posted: 14/11/24
An increasing number of financial advisers are changing their retirement propositions following the Financial Conduct Authority’s (FCA) thematic review of retirement income advice, analysis has shown
Posted: 14/11/24
The UK continues to be one of the most attractive locations in the world for wealthy business owners, despite recent questions about its position as a global financial wealth centre, according to HSBC Global Private Banking
Posted: 14/11/24
Wealth professionals are anticipating a surge in demand for financial advisers as almost one in 10 deaths are set to trigger an inheritance tax (IHT) charge by the end of the decade
Posted: 13/11/24
Schroders Personal Wealth (SPW) has appointed ex-Close Brothers Asset Management (CBAM) CEO, Martin Andrew, to its board as an independent non-executive director
Posted: 13/11/24
The private banking arm of Intesa Sanpaolo Group, Fideuram Intesa Sanpaolo Private Banking (FISPB), has partnered with BlackRock to develop its digital wealth management offering across Europe
Posted: 13/11/24
WBR Group has acquired NM Perris & Co Ltd, which trades as Brunel Trustees, along with associated companies Brunel Trustees Limited and Omniphi Systems Limited
Posted: 13/11/24
Investors with a long track record of incorporating ESG into their investment processes are more likely to believe that doing so leads to increased risk-adjusted returns, analysis from LGT Capital Partners has found
Posted: 12/11/24
Wealth managers and financial advisers are expecting their clients to increase allocations to emerging and frontier markets over the next 18 months, according to research from Pureprofile
Posted: 12/11/24
The freeze on inheritance tax (IHT) thresholds could cost families £234,000 over the total duration of the potential two-decade long nil rate band (NRB) freeze, up to the 2030 end date, AJ Bell has revealed
Posted: 12/11/24
The latest appointments in the wealth management industry
Posted: 12/11/24
Fulcrum Asset Management has received regulatory approval to launch its first commingled Long-Term Asset Fund (LTAF), the WS Fulcrum Diversified Private Markets LTAF
Posted: 11/11/24
The latest appointments in the wealth management industry
Posted: 11/11/24
Equity funds dominated outflows in September, with investors pulling a net £2.4bn, as net retail sales of investment funds saw outflows of £3.4bn during the month, according to data from the Investment Association (IA)
Posted: 11/11/24
A number of high net worth individuals (HNWI) have not made retirement or succession plans, despite being confident that their personal wealth will increase, a study has found.
Quintet and BlackRock’s research revealed that a third of HNWIs were yet to make a financial plan for retirement
Quintet and BlackRock’s research revealed that a third of HNWIs were yet to make a financial plan for retirement
Posted: 11/11/24
Family offices are expanding their exposure to private equity, with 40 per cent planning to increase their allocations to the asset class over the next two years, analysis from Bastiat Partners and Karis Capital has found
Posted: 8/11/24
Cyberattacks on family offices globally have become more commonplace, according to a report from Deloitte Private, with 43 per cent having experienced an attack in the last 12 to 24 months
Posted: 8/11/24
Close Brothers Asset Management (CBAM) and SEI have announced a strategic partnership, aimed a powering CBAM’s ‘operational transformation and growth’
Posted: 8/11/24
The government has published the Finance Bill 2024/25, which includes the tax changes outlined in the Budget on 30 October
Posted: 8/11/24
Less than a fifth (18 per cent) of high net worth individuals (HNWI) took professional financial advice over the past 12 months, research from wealth management firm Saltus has found
Posted: 7/11/24
More than three quarters (78 per cent) of asset managers in the UK and US with a presence in Europe are considering launching a Long-Term Asset Fund (LTAF) amid increased investor demand for private markets access
Posted: 7/11/24
Financial advice and investment management company One Four Nine Group has acquired Nottingham-based independent chartered financial planning business Castlegate Capital
Posted: 7/11/24
Fears that the Chancellor would target pension tax reliefs in her Budget last week fuelled an eightfold increase in SIPP contributions in October, analysis by Bestinvest has shown
Posted: 6/11/24
Nearly half (47 per cent) of Brits have expressed concern about the government's plans to bring pensions into the scope of inheritance tax (IHT), according to research by PensionBee
Posted: 6/11/24
US-based alternative asset manager Blackstone is planning to expand its private wealth business into at least two new European markets, the firm has told Reuters
Posted: 6/11/24
Invesco has announced it is launching three thematic ETFs, aiming to provide investors targeted access to the long-term trends of artificial intelligence (AI), cybersecurity, and defence
Posted: 6/11/24
Brooks Macdonald has announced the acquisition of CST Wealth Management, a chartered financial planning firm based in Wales
Posted: 6/11/24
Further clarifications and streamlining are needed around the government's plans to bring pensions into the scope of inheritance tax (IHT), industry experts have said, amid concerns that the changes could cause a "bureaucratic nightmare for grieving families"
Posted: 6/11/24
Cazenove Capital, a part of Schroders Wealth Management, has announced an expansion of its wealth planning team
Posted: 5/11/24
The government’s recently announced changes to inheritance tax (IHT) policy will create “significant challenges” for families, London accountancy firm Wilson Wright has warned
Posted: 5/11/24
A group of firms from the UK wealth management industry has written to asset management companies, calling on them to ‘embrace’ net zero
Posted: 4/11/24
Mercer, a Marsh McLennan business, has completed its acquisition of long-term savings specialist Cardano, for an undisclosed amount
Posted: 4/11/24
Changes to capital gains tax (CGT) rates and inheritance tax (IHT) reliefs risk stymying future investment and introducing unwanted confusion for financial planning, trade association PIMFA has warned
Posted: 4/11/24
The latest appointments in the wealth management industry
Posted: 4/11/24
GAM has announced it is transferring its management company activities in the UK, Ireland, and Luxembourg to Apex Group
Posted: 4/11/24
Odey Wealth Management has filed for voluntary liquidation after appointing Evelyn Partners as its liquidator last month, according to a Companies House filing
Posted: 4/11/24
The boards of the Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR) have confirmed the appointment of a new chair to decision-making committees
Posted: 1/11/24
Standard Chartered has announced it will be doubling its investment in its wealth management business following a record increase in revenue in the third quarter of 2024
Posted: 1/11/24
The Financial Conduct Authority (FCA) has banned Vintage Investment Services (Vintage) partners, Steven Hodgson and Paul Adams, from advising any customers on pension transfers and opt outs
Posted: 1/11/24
Wealth and investment manager 7IM has agreed to acquire ASHL Group’s Rockhold Asset Management, subject to regulatory approval
Posted: 1/11/24
Financial advisory group Foster Denovo has acquired East Midlands-based advisory firm 80Twenty
Posted: 31/10/24
Family offices are increasingly focusing on the returns achieved through ESG investing amid shifting priorities, analysis from Ocorian has shown
Posted: 31/10/24
The wealth management and financial advice industries have expressed their relief at the clarity and certainty that the Autumn Budget has provided, but warned the changes outlined could bring negative consequences
Posted: 31/10/24
The abolition of the non-dom regime in the UK could cost the country £6.5bn by 2035, according to a paper published by the Adam Smith Institute (ASI)
Posted: 31/10/24
The Chancellor, Rachel Reeves, has announced that both the higher and basic rates of capital gains tax (CGT) are set to increase from today (30 October)
Posted: 30/10/24
Inherited pensions and related death benefits will be brought into scope of inheritance tax (IHT) from April 2027, the Chancellor, Rachel Reeves, has announced
Posted: 30/10/24
The Chancellor, Rachel Reeves, has revealed that the Labour government will be abolishing the non-dom regime from April 2025 in her Budget speech
Posted: 30/10/24
The wealth management and financial advice industries are preparing for anticipated tax hikes and relief changes ahead of the Autumn Budget this afternoon, with Prime Minister, Kier Starmer, stating that the “harsh light of fiscal reality” is set to be revealed
Posted: 30/10/24
Changes to pension lump sums are the Budget measure that would cause the biggest disruption, according to a new poll of advice professionals conducted by Abrdn
Posted: 30/10/24
Evelyn Partners has acquired advisory services provider ReSolve Advisory as it seeks to further strengthen its professional services arm
Posted: 30/10/24
Almost all (97 per cent) professional investors expect there will be a correction in the equity markets over the next 12 months, with 93 per cent predicting it could be between 5 per cent and 10 per cent
Posted: 30/10/24
Pension provider and retirement services firm Alltrust Services has acquired the self-invested personal pension (SIPP) business of PSG SIPP, excluding its Unity SIPP scheme
Posted: 29/10/24
Business owners in the UK are worried about the potential inclusion of inheritance tax (IHT) business relief restrictions in the Budget tomorrow (30 October), according to Evelyn Partners, with 58 per cent citing concerns about possible restrictions of IHT business relief
Posted: 29/10/24
Family offices in Europe believe that improving governance is their biggest challenge and agree that more needs to be done to address succession planning, research from Ocorian has found
Posted: 29/10/24
Model portfolio providers (MPP) reduced their exposure to UK equities in the second quarter of 2024, analysis from ISS Market Intelligence (MI) has revealed
Posted: 29/10/24
Wealth management trade association PIMFA has published a guide to help firms support their customers with characteristics of vulnerability in the wealth management and advice sector
Posted: 28/10/24
Financial advice network The Openwork Partnership has announced a strategic investment from private investment firm Bain Capital
Posted: 28/10/24
The latest appointments in the wealth management industry
Posted: 28/10/24
Insurance, risk management, and consultancy firm Arthur J. Gallagher & Co has acquired investment consultancy Redington
Posted: 28/10/24
Removing inheritance tax (IHT) benefits from pensions could create a double tax hit for beneficiaries if the Chancellor, Rachel Reeves, decides to make this change in the upcoming Budget, Saltus has warned
Posted: 24/10/24
The functionality and support given to advisers on capital gains tax (CGT) is influencing their platform provider selection and due diligence, according to research published by Financial Software Ltd (FSL)
Posted: 24/10/24
Titan Wealth has entered into an agreement to acquire Ravenscroft Investments, a wealth management services business operating in both Guernsey and Jersey
Posted: 24/10/24
A group of 30 cross-party parliamentarians have signed a letter urging Chancellor, Rachel Reeves, to impose an annual wealth tax of 2 per cent on assets over £10m in the Autumn Budget
Posted: 24/10/24
Nearly two-thirds (62 per cent) of clients have never switched their financial adviser, with the primary drivers being trust, satisfaction, and understanding, analysis by St. James’s Place (SJP) has revealed
Posted: 24/10/24
The Financial Conduct Authority (FCA) has been urged to push ahead with plans to create new forms of advice and targeted support to make it more accessible to pension savers and allow providers to support their customers
Posted: 24/10/24
Families should be taking advice before gifting amid rumours of a possible extension to potentially exempt transfers (PET), according to wealth manager RBC Brewin Dolphin
Posted: 24/10/24
Adviser-focused platform business Wealthtime has agreed a partnership with technology services and consulting company, Wipro, and its global technology partner, GBST, to deliver a digital-first platform and customer-centric service offering
Posted: 24/10/24
A majority of clients working with independent financial advisers (IFAs) are anxious about the upcoming Budget, a new survey from Opinium has suggested
Posted: 23/10/24
The majority (55 per cent) of high net worth individuals (HNWI) feel that the UK is not supportive of wealth creation or creators, a study from Wealth Club has found
Posted: 23/10/24
Advisers and wealth managers have given a “cautious welcome” to new sustainability labels from the Financial Conduct Authority (FCA), with most expecting them to increase trust in sustainability claims
Posted: 23/10/24
Janus Henderson has announced the launch of its first active ETF in Europe: the Janus Henderson Tabula Japan High Conviction Equity UCITS ETF (JCPN)
Posted: 23/10/24
The government’s inheritance tax (IHT) and capital gains tax (CGT) receipts increased in the first six months of the 2024/25 tax year, HMRC has revealed
Posted: 22/10/24
HSBC has announced it will restructure its business into four units, including the creation of a new international wealth and premier banking division
Posted: 22/10/24
Financial advisers have witnessed a surge in queries regarding pension taxation and wealth protection ahead of the much-anticipated Budget on 30 October, according to AJ Bell
Posted: 22/10/24
Swedish wealth manager Söderberg & Partners has made investments in a further four UK-based IFA companies as it seeks to expand its presence in the UK’s financial advice sector
Posted: 21/10/24
Increasing capital gains tax (CGT) will not lead to lower investment, slower growth or reduced entrepreneurship from millionaires, according to analysis from the Institute for Public Policy Research (IPPR)
Posted: 21/10/24
Governance, risk, and compliance (GRC) solutions provider, ACA Group, has expanded its presence in the UK with the acquisition of regulatory consultancy practice, Effecta Compliance Group
Posted: 21/10/24
Financial advisers are seeing an uptick in demand from their clients for private assets and are planning to increase allocations, but challenges to including them in portfolios remain, research from Natixis Investment Managers (IM) has found
Posted: 21/10/24
Almost half (48 per cent) of business owners with turnovers of £5m or more would consider moving their business abroad if tax changes in the upcoming Budget were “clearly unfavourable”, Evelyn Partners has revealed
Posted: 21/10/24
The latest appointments in the wealth management industry
Posted: 18/10/24
Financial advisers believe that changes to capital gains tax (CGT) are the most likely tax reform that the government will target in the Budget on 30 October, research from Royal London has found
Posted: 18/10/24
The government is reputedly planning to increase the amount of money it raises in inheritance tax (IHT), alongside a rise in capital gains tax (CGT) on share sales, in the Budget later this month, according to reports
Posted: 18/10/24
Financial services firm DeVere Group has secured a Family Office Licence from the Financial Services Commission (FSC) of Mauritius
Posted: 17/10/24
Investor confidence fell by 10 points to 75, or by 11.2 per cent, ahead of the Budget at the end of October, according to Hargreaves Lansdown’s Investor Confidence Index
Posted: 17/10/24
Financial advisers remain confident about their growth prospects despite concerns about the impending ‘great wealth transfer’, according to analysis from Natixis Investment Managers (IM)
Posted: 17/10/24
Six financial advice firms were declared in default in August and September 2024, the Financial Services Compensation Scheme (FSCS) has confirmed
Posted: 17/10/24
Wealth managers and other professional investors are planning to lock in gains from strong equity performance and rebalance portfolios to fixed income in anticipation of higher levels of volatility in equity markets
Posted: 17/10/24
Carne Group and WTW have gained regulatory approval for the launch of a private equity-focused Long Term Asset Fund (LTAF)
Posted: 16/10/24
Concerns about the impact of tax changes in the Autumn Budget have led to more people seeking financial advice, Rathbones has found
Posted: 15/10/24
Cyber A.I. Group and A1 Advisory have announced they have entered into a definitive agreement to provide strategic advisory services to support Cyber A.I. Group's future growth initiatives
Posted: 16/10/24
The UK’s wealthiest retirees paid themselves annual pension income of almost £3m each last year, but almost half of that was paid as tax, new figures have shown
Posted: 15/10/24
The Financial Conduct Authority (FCA) plans to launch two consultations relating to the Advice/Guidance Boundary Review next year
Posted: 15/10/24
Whole-of-market advisory firm Towergate Health & Protection has rebranded to Towergate Employee Benefits, the company has announced
Posted: 15/10/24
Fidelity International has launched a ‘blue transition’ bond fund as part of its ongoing commitment to sustainable investing
Posted: 15/10/24
The number of private investors considering ESG when investing fell for the third year in a row in 2024, the Association of Investment Companies’ (AIC) ESG Attitudes Tracker has shown
Posted: 15/10/24
The latest appointments in the wealth management industry
Posted: 14/10/24
Women are creating and inheriting a growing share of global wealth but are still underrepresented at senior leadership level in the financial services sector, according to a report from Citi Private Bank
Posted: 14/10/24
Nearly a third (29 per cent) of business owners in the UK have accelerated their exit strategies over the past year amid concerns of potential tax hikes in the upcoming Budget
Posted: 14/10/24
There is significant demand for advisers from regulated firms to provide targeted support suggestions to their clients, research from Aegon has found
Posted: 14/10/24
Financial services firm SEI has opened a new office in Dublin, Ireland, seeking to reinforce its commitment to the European market and focus on driving strategic growth globally
Posted: 11/10/24
The Investment Association (IA) and Technology Working Group have published recommendations on how the UK investment management industry can harness the potential of new technologies, such as artificial intelligence (AI)
Posted: 11/10/24
The UK is set to lose the greatest proportion of millionaires as a share of population over the course of the current parliament, research from the Adam Smith Institute (ASI) has forecast
Posted: 11/10/24
The government has appointed former Darktrace CEO, Poppy Gustafsson, as its new Investment Minister as part of a wider ‘shake up’ aimed at strengthening the government’s partnership with businesses and investors
Posted: 11/10/24
Family offices and wealth managers are expecting growth and positive risk-adjusted returns in the hedge fund sector, leading to increased allocations, according to analysis from Beacon Platform
Posted: 10/10/24
Russell Investments has announced the launch of its new evergreen fund, aimed at providing investors with exposure to the “growing opportunities” across global private credit markets
Posted: 10/10/24
Saxo Bank has announced that Saxo UK has launched a new investment platform, SaxoInvestor, aimed at the growing number of buy-and-hold and active investors in the UK
Posted: 10/10/24
The European equity market offers promising opportunities for investors in the fourth quarter of 2024 amid declining interest rates and a turbulent Q3, according to Morningstar
Posted: 10/10/24
Clarion Wealth Planning has announced that its founder, Ron Walker, has sold 60 per cent of his shareholding to his company management team
Posted: 9/10/24
The latest appointments in the wealth management industry
Posted: 9/10/24
Capital gains tax (CGT) is in need of serious reform as the whole design of the tax is “flawed”, according to the Institute for Fiscal Studies (IFS)
Posted: 8/10/24
Calls for the Chancellor, Rachel Reeves, to bring in a tax on people emigrating from the UK on their accrued but unrealised gains are “fundamentally flawed”, industry figures have warned
Posted: 8/10/24
Digital advice platform Dynamic Planner has announced a new customer relationship management (CRM) integration with Adviser Cloud
Posted: 8/10/24
Speculation around the government’s potential plans to reform inheritance tax (IHT) or capital gains tax (CGT) in the upcoming Budget has grown following reports that Chancellor, Rachel Reeves, has reputedly backed down from introducing a flat rate of pension tax relief
Posted: 8/10/24
Cazenove Capital, part of Schroders Wealth Management, has completed the acquisition of wealth manager Whitley Asset Management for an undisclosed sum
Posted: 8/10/24
Brooks Macdonald has agreed to acquire LIFT-Financial Group and LIFT-Invest for up to £45m, subject to financial targets
Posted: 8/10/24
Wealth management firm GSB has announced a partnership with London-based women networking group Mumble Forum
Posted: 7/10/24
HSBC Asset Management (AM) has launched the HSBC S&P 500 Equal Weight Equity Index Fund
Posted: 7/10/24
Canaccord Genuity has completed the acquisition of UK-based independent financial planning business Cantab Asset Management
Posted: 7/10/24
The government has reputedly dropped plans for introducing a flat rate of pension tax relief due to concerns about the impact it would have on public sector workers, according to reports
Posted: 7/10/24
The Quilter Academy, the financial adviser training arm of Quilter, has launched a partnership with FutureProof Pro to help sports professionals find second careers
Posted: 4/10/24
The Association of Investment Companies (AIC) has published a list of the highest yielding equity investment trusts, with 18 trusts yielding 5 per cent or more
Posted: 4/10/24
Titan Wealth Group has announced the creation of a new division, Titan Settlement & Custody, which will be headed by recently appointed CEO, Mike Fullalove
Posted: 4/10/24
Investors remain cautiously optimistic as August saw the third consecutive month of positive net retail sales of investment funds, totalling £804m during the month, according to data from the Investment Association (IA)
Posted: 4/10/24
The latest appointments in the wealth management industry
Posted: 4/10/24
Almost four in five (78 per cent) UK-based wealth managers and independent financial advisers (IFAs) have seen an increase in the level of stocks and shares trading by their clients in the past two years, GraniteShares has revealed
Posted: 3/10/24
Adults in the UK are facing a financial planning ‘black hole’ and are “woefully unprepared” for retirement and legacy planning, Killik & Co has warned
Posted: 3/10/24
Savings and investment service Wealthify has introduced tiered fees for its self-invested personal pension (SIPP) amid a lack of saver awareness about how much they are paying in fees
Posted: 3/10/24
WTW has acquired a stake in UK-based, advice-led wealth manager Atomos, backed by funds managed by Oaktree Capital Management
Posted: 3/10/24
The cost-of-living crisis is the single biggest driver for people accessing financial advice or guidance as they seek support to navigate the economic uncertainty
Posted: 3/10/24
Wealth managers and financial advisers are turning to property investments as a route to de-risking through diversification and achieving an increased focus on ESG
Posted: 2/10/24
Family offices are facing changes in investment policy and approach as the next generation of family members become more involved, analysis from Ocorian has shown
Posted: 2/10/24
Private members' club for investment professionals, AYU, has incorporated Family Office Social (FOS) into its programme to grow its international alternative investment network
Posted: 2/10/24
Financial advisers need to ensure they have the right tools to keep up with technological advancements to help meet their clients' evolving expectations and demands, FNZ has stated
Posted: 2/10/24
Wealth management company Saltus is set to acquire Tavistock’s financial advice businesses, Tavistock Partners Limited (TPL) and Tavistock Partners (UK) Limited (TPUK)
Posted: 1/10/24
Global wealth management group GSB is applying for a licence from the Swiss Financial Market Supervisory Authority (FINMA) to launch a wealth management operation in Geneva, Switzerland
Posted: 1/10/24
European asset manager Amundi has expanded its emerging markets fixed income offering with the launch of its exchange-traded fund (ETF) on Indian government bonds
Posted: 1/10/24
Financial services industry veteran Elizabeth Passey has been named as chair of the Financial Services Compensation Scheme’s (FSCS) board
Posted: 1/10/24
The proportion of savers taking financial advice when accessing a pension for the first time using income drawdown has fallen below 50 per cent for the first time, the Financial Conduct Authority (FCA) has revealed
Posted: 30/9/24
The increasing number of ultra high net worth individuals (UHNWI) and generational wealth transfer are driving growing demand for ‘trophy assets’, according to a report from Taylor Wessing
Posted: 30/9/24
Investment consultancy Albion Strategic Consulting has partnered with P1 Investment Services to offer its Smartersuccess investment service on a discretionary basis
Posted: 30/9/24
The latest appointments in the wealth management industry
Posted: 30/9/24
Wealth managers are at risk of losing clients if they do not adopt modern technology to improve their services, research from tech provider Avaloq has shown
Posted: 27/9/24
The latest appointments in the wealth management industry
Posted: 26/9/24
‘Intense’ consumer protection supervision drove the largest rise in regulatory pressure on financial services firms in 2024, according to KPMG UK’s Regulatory Barometer
Posted: 26/9/24
The number of individuals accessing their pensions for the first time without taking regulated advice continued to increase in 2023/24, the latest data from the Financial Conduct Authority (FCA) has shown
Posted: 26/9/24
Asset management firm Robeco has launched a new flexible multi-asset strategy, Flexible Allocation
Posted: 26/9/24
Goshawk Asset Management has announced the acquisition of Vermeer Investment Management
Posted: 25/9/24
Ocorian has outlined several steps that wealth managers and financial advisers can take to ensure they avoid “costly” disputes with their high-net-worth clients
Posted: 25/9/25
Private equity (PE) is continuing to lead private markets amid growing interest from private wealth investors, according to a new report from Barclays Private Bank
Posted: 25/9/24
Schroders Capital has received regulatory approval for its first long-term asset fund (LTAF) focused on the UK wealth market
Posted: 25/9/24
Three in five (59 per cent) senior decision makers at UK financial services (FS) firms have said that their firm’s attitude to adopting new technologies is risk averse, Consulting by Davies has found
Posted: 24/9/24
BNP Paribas has signed an agreement with HSBC for the acquisition of its private banking activities in Germany, aiming to expand its presence in the market
Posted: 24/9/24
A fifth (20 per cent) of discretionary fund managers (DFM) are choosing to use investment trusts that are not on their firm’s buy list at least once a month, up from 7 per cent last year, analysis from Research in Finance has shown
Posted: 24/9/24
HSBC Asset Management (HSBC AM) has launched the first vintage of its NAV financing strategy, attracting a “significant anchor commitment” from HSBC Group
Posted: 24/9/24
High net worth individuals’ (HNWI) confidence in the UK economy has improved over the past 18 months, although specific challenges remain, according to the latest Saltus Wealth Index Report
Posted: 24/9/24
London-based financial services advisory firm Strabens Hall Limited has entered administration and its assets have been sold to other firms
Posted: 24/9/24
7IM has added a number of new tools and functionality enhancements to its platform, which includes an integration of software from ZeroKey
Posted: 24/9/24
Family offices are increasing their focus on governance amid growing regulatory demands and multi-jurisdictional complexities
Posted: 24/9/24
The Platforms Association, a new membership body that seeks to represent and provide a voice for the investment platforms sector, has been launched
Posted: 23/9/24
The government should look to reform inheritance tax (IHT) and capital gains tax (CGT) with the aim of raising billions of pounds for the UK economy, according to the Resolution Foundation
Posted: 23/9/24
Investment manager Capital Group has launched its flagship global equity strategy, New Perspective, in the UK as an open-ended investment company (OEIC)
Posted: 23/9/24
The latest appointments in the wealth management industry
Posted: 20/9/24
The government’s inheritance tax (IHT) receipts between April and August 2024 totalled £3.5bn, HMRC’s latest monthly bulletin has revealed
Posted: 20/9/24
The Bank of England (BoE) has left the base rate unchanged at 5 per cent following the latest Monetary Policy Committee (MPC) meeting, with governor, Andrew Bailey, hinting at future rate cuts
Posted: 19/9/24
The UK and the rest of Europe have experienced significantly less growth in the number of people with liquid investable assets of $100m or more than China and the US over the past decade, according to a report by Henley & Partners
Posted: 19/9/24
Close Brothers Group has agreed to sell its wealth management business, Close Brothers Asset Management (CBAM), to funds managed by Oaktree Capital Management for an equity value of up to £200m
Posted: 19/9/24
The government has announced that plans to reform UK retail investment disclosure rules are expected to be in place in H1 2025, subject to parliamentary approval and the Financial Conduct Authority’s (FCA) consultation process
Posted: 19/9/24
The Investment Association (IA) has urged the government to launch an ‘Inclusive Investment Strategy’ in the upcoming Autumn Budget to help create a culture of inclusive investment, driving economic growth and boosting people’s financial security
Posted: 19/9/24
The US Federal Reserve (Fed) has reduced interest rates by 0.5 percentage points in its first cut in over four years, leaving its federal funds rate at between 4.75 per cent and 5 per cent
Posted: 19/9/24
Family offices are shifting their portfolios from cash to risk assets in anticipation of positive returns over the coming year, according to research from Citi Private Bank
Posted: 18/9/24
Brooks Macdonald (BM) and 7IM have announced a partnership to offer BM’s passive and active managed portfolio service (MPS) ranges through the 7IM Retirement Income Solution (RIS) on its platform
Posted: 18/9/24
Inflation remained steady at 2.2 per cent in the year to August, the Office for National Statistics (ONS) has revealed, leaving the Bank of England (BoE) with a ‘headache’ on whether to reduce interest rates
Posted: 18/9/24
PIMFA WealthTech has launched its latest TechSprint to identify how cyber security fintechs can support wealth managers in strengthening the industry’s cyber security defences
Posted: 18/9/24
Family offices are increasingly setting up physical offices in new jurisdictions as family members move abroad or live in different countries, with this trend set to rise over the next five years
Posted: 18/9/24
Skerritts has received regulatory approval for the acquisition of Harrogate-based advice firm, Ellis Bates Financial Advisers
Posted: 18/9/24
More than a quarter (28 per cent) of high net worth (HNW) Baby Boomers have not ring-fenced enough money to fund any care they may need in later life, research from Charles Stanley has shown
Posted: 18/9/24
Nearly half (40 per cent) of financial advisers’ retiring clients’ pension assets are invested in multi-asset strategies, the most popular investment strategy by a “comfortable margin”, according to Aegon
Posted: 17/9/24
Investment management firm PGIM has received financial services permission to operate in Abu Dhabi Global Market (ADGM) and has opened a new office in Abu Dhabi
Posted: 17/9/24
Octopus Investments has launched ‘Ask Octopus’, a helpdesk that offers technical support on inheritance tax (IHT) and estate planning to advisers
Posted: 17/9/24
Brooks Macdonald Group has announced it is to acquire Norwich-based financial planning provider Lucas Fettes Financial Planning
Posted: 17/9/24
Investors have been told to exercise caution when taking actions ahead of the Autumn Budget, with Hargreaves Lansdown outlining planning moves that investors could come to regret
Posted: 16/9/24
State Street Global Advisors (SSGA) has launched its State Street Global Alternative Beta Fund, which seeks to approximate the returns of hedge funds as a broad asset class
Posted: 16/9/24
Investment priorities in the fourth quarter of 2024 should focus on managing volatility, with diversified portfolios expected to continue to perform well, according to HSBC Global Private Banking
Posted: 16/9/24
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