Latest News
Business & Development
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Rosemount Financial Solutions (IFA) celebrates strong quarter of adviser growth
Rosemount Financial Solutions (IFA), the mortgage, protection and financial planning network, has seen a swathe of advice firms join its ranks over…
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Foster Denovo welcomes a new team onboard as it acquires advisory firm 80Twenty in the East Midlands
Financial advisory group Foster Denovo has made its latest acquisition in the East Midlands with the purchase of 80Twenty, based in Lockington…
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Talk Money Week 2024 – Spreading the word on unclaimed assets
By John Allan, Head of Innovation & Operations, The Investment Association Estimates suggest there may be up to £1.4bn in dormant assets…
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Brown Shipley appoints Robbie Hewitt as Wealth Planner in Edinburgh
Brown Shipley, a Quintet Private Bank, today announced the appointment of Robbie Hewitt as Edinburgh-based Wealth Planner, reporting to Gordon Scott, Head…
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Simon Edelsten to make a comeback with Goshawk
Veteran global equity manager Simon Edelsten is to make a return from retirement to work with his former colleague Alex Illingworth at…
Economy
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UK Budget preview: how could markets react?
By Daniela Sabin Hathorn, senior market analyst at Capital.com UK finance minister Rachel Reeves is set to deliver her first annual budget…
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Retail boosted by tech sales in September
The latest figures retail revealed that sales grew 0.3% in September with new product launches boosting tech takings which helped offset falling…
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ECB confirms expectations with a further 0.25% cut to interest rates in bid to boost economy | Reaction
Following the latest ECB interest rate decision to cut interest rates for the third time this year which was announced today, investment…
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Sharp drop in inflation to 1.7% has implications for interest rates, pensions and the broader economy: REACTION
The ONS has announced this morning that UK inflation has dropped to 1.7% for the year to September, down from 2.2% in…
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Invesco: Early earnings calls indicate a resilient US economy
Kristina Hooper, Chief Global Market Strategist at Invesco, provides her key learnings from the start of Q3 earnings season, noting that overall…
Insurance and Protection
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Benenden Health appoints new CEO
Not-for-profit, affordable healthcare provider Benenden Health has appointed Tom Woolgrove as its Chief Executive Officer (CEO). Woolgrove joins the private healthcare provider with extensive…
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MetLife UK Partners with YuLife to launch gamified Group Income Protection to better address UK’s increasing absenteeism
MetLife UK, the protection and employee benefits insurer, and YuLife, the tech-driven financial services brand on a mission to inspire life, are partnering to support wellbeing in the…
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Protection Guru 2024 award winners announced
Protection Guru, the multi award-winning technical information service and protection value comparison tool for advisers, announces the winners of Protection Guru Awards…
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Solvent exit planning is key for insurers ahead of imminent PRA policy statement
Broadstone, a leading independent financial services consultancy, has identified four key actions for insurers to take ahead of imminent changes from the…
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Protection Guru to host bi-monthly Consumer Duty alliance protection forums
The Consumer Duty Alliance (CDA) has today announced that Protection Guru, the specialist technical information service for life insurance advisers, will hold bi-monthly virtual forums…
Mortgage & Property
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Mortgage approvals hit two year high as Cash ISAs rake in more money
Laith Khalaf, head of investment analysis at AJ Bell, comments: “It looks like house prices might be off to the races again…
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Buy-to-let rates drop as landlords brace for budget
Buy-to-let fixed rates stand at their lowest since the start of September 2022, according to the latest analysis by Moneyfactscompare.co.uk. However, the upcoming…
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James Briggs joins new lender Afin Bank
James Briggs has joined newly launched specialist lender Afin Bank as Intermediary Sales Director. Previously Head of Intermediary Sales at Together Personal…
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Nearly half of brokers experience technical issues with lenders’ technology – reveals finova
New research from finova, the UK’s largest cloud-based mortgage and savings software provider, has today revealed that nearly half (46%) of brokers always…
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Alex Upton to lead HTB’s Bridging division Through next phase of growth
Hampshire Trust Bank (HTB) has announced a leadership transition within its Bridging division, with Alex Upton, Managing Director of Specialist Mortgages, assuming full…
Regulation & Complaince
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Evidencing compliance with FCA good practice for retirement advice | EV’s Andrew Storey offers practical tips for IFAs
In the following analysis, Andrew Storey, Group Innovation Director, EV, looks at the main areas of concern and suggests how IFA firms…
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FCA must be cautious not to oversimplify requirements in Consumer Duty review – Capco
Michael Shand, managing principal at consultancy Capco, comments on the FCA’s Call for Input on refining its conduct rules as a result of Consumer…
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BNY Investments’ Richard Parkin reminds firms of need for action in retirement planning advice and assessing risk, following FCA portfolio letter to advisers on future priorities
Earlier this week, the FCA sent advice firms a letter detailing areas it will be focusing on over the next two years.…
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The Consumer Duty shift: Striving for success
In a rapidly evolving regulatory landscape, consumer duty has become one of the most significant shifts for financial services in decades. Jenny…
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FCA and PRA appoint new FSCS Chair
The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have appointed Elizabeth Passey as chair of the Financial Services Compensation…