Latest News
Value of UK crypto fraud rises 32% to £226 million in a single year
The value of reported UK cryptocurrency fraud has jumped by 32% in a single year, from £171 million to £226 million*, shows data from Pinsent Masons, the multinational law firm. The number of fraud reports has also increased to 10,030, 16% more than last year’s total...
Reboot Race to Equality Index: UK financial services sector shows small signs of improvements for ethnic minority employees year-on-year, but still a long way to go
Your invitation: join Jenson at the upcoming EIS webinar
FCA’s redress for British Steel pension scheme members is a ‘huge relief’ says AJ Bell’s Tom Selby
Half of homeowners need to renew their mortgage in the next two years
52% of homeowners with a fixed, tracker or discount mortgage are on deals that need to be renewed within the next two years, according to new research from The Mortgage Lender (TML). Of those whose deals are coming to an end within the next two years, 55% are on...
Why you should be excited about venture capital in the UK
For professional advisers and paraplanners only. Not to be relied upon by retail investors. When the economic environment gets more challenging, you’d think fewer opportunities to invest in game-changing innovative companies spring up, right? Now, this might surprise...
“A rich environment for fundamentally driven active investors” Invesco CIO delivers 2023 outlook
By Stephanie Butcher, CIO at Invesco Going into 2022, debate was raging over whether inflation in the system was transitory or more permanent. Our concern at the time was that financial assets weren’t pricing any risk that inflation could be back in the...
Business & Development
Reboot Race to Equality Index: UK financial services sector shows small signs of improvements for ethnic minority employees year-on-year, but still a long way to go
The latest Race to Equality Index1 from Reboot - a campaign group of senior financial services professionals working to maintain the...
Standing out as an employer of choice – Michelle Hoskin
Standing out as an employer of choice If you’re working on your advice business’s strategic business plans for 2023, supporting the health...
Seccl hires Chief Risk Officer as it continues to bolster its executive team
Seccl has further strengthened its leadership team, with the appointment of Alex Henderson as chief risk officer (CRO). Joining in January...
AdviserSoftware.com publishes detailed analysis of ground-breaking artificial intelligence based financial planning software
AdviserSoftware.com the adviser technology arm of Financial Technology Research Centre (FTRC) has published a detailed analysis of the...
The Private Wealth Management Summit
The 39th edition of the Private Wealth Management Summit is taking place this December in Florida! Leading leading private wealth...
Economy
UK savers in cash ISAs losing out on £26.7bn in interest with inflation at 40-year high
UK savers holding cash in cash ISAs are experiencing wealth erosion at the fastest rate in over 40 years. Overall savers are losing out on...
Macroscope: Is the Old Lady going too slowly?
Russell Silberston discusses how the Bank of England is an international outlier in relying on models rather than data to anticipate...
Harriett Baldwin MP amendment backs new ‘personalised financial guidance’ regime – Tom Selby
Written by Tom Selby, head of retirement policy at AJ Bell While in an ideal world everyone would get regulated financial advice based on...
Don’t create an inheritance tax present for HMRC: How to make financial gifts with tax benefits that last beyond Christmas
Cash or other financial gifts might be more welcome than ever this Christmas. In grim economic times, older savers with some accumulated...
Income tax threshold freeze equivalent to hiking basic-rate to 23.5% for middle earners
The government’s deep freeze on income tax thresholds will see some workers’ tax bills rise by the equivalent of a 3.5 percentage point...
Insurance and protection
Revealed: advisers’ top tips for successfully selling protection
Legal & General’s ‘The Secrets of Protection Success’ report launched this week providing intermediaries with a set of...
Estate planning for high-net-worth clients: life insurance as a cost-effective strategy
Written by Holly Hill, specialist Broker for landed estate clients at John Lamb Hill Oldridge A cost-effective inheritance tax (IHT)...
Keeping focused on income protection during the cost-of-living crisis
Peter Dunn, Head of Intermediary Relationships at specialist insurer Dentists’ Provident, looks at the importance of maintaining income...
Breast Cancer Claims Support Increases as Pay outs Hit 100%
Breast cancer claims support is increasing as speed of pay outs and help for customers expands, says HSBC Life (UK) Ltd, HSBC Group’s...
Critical illness support for breast cancer is increasing says HSBC Life’s Hussein
By Mark Hussein, CEO at HSBC Life (UK) Ltd and Head of UK Insurance HSBC More than 600,000 people are alive in the UK today after a...
Mortgage & Property
Half of homeowners need to renew their mortgage in the next two years
52% of homeowners with a fixed, tracker or discount mortgage are on deals that need to be renewed within the next two years, according to new research from The Mortgage Lender (TML). Of those whose deals are coming to an end within the next two years, 55% are on...
CAS: the elephant in the room for newly certified advisers
‘Competent Adviser Status’ is rarely talked about, according to Amanda Ford, Managing Director at Tenet Financial Services, but is a particular obstacle for new advisers: Imagine the feeling of receiving your Certificate in Mortgage Advice and Practice (CeMAP) after...
To track or to fix? The Big Broker Debate
Should people opt for the security of a more expensive fixed rate or a cheaper tracker / variable rate mortgage? Free PR platform, Newspage, has shared the views of brokers with IFA Magazine. Craig Fish, Founder & Director at Lodestone Mortgages &...
2022 breaks record with £13.3bn in Stamp Duty receipts – and there’s still two months to go
Homebuyers have paid out a total of £13.3bn in Stamp Duty so far this year, making 2022 a record-breaking year for Stamp Duty Land Tax receipts – according to Coventry Building Society’s analysis of HMRC figures.The total amount of Stamp Duty paid in 2021 was £13.1bn....
Property transactions set to plummet by 17% as seasonal slowdown approaches
The latest research by property purchasing specialist, House Buyer Bureau, suggest that an already weary UK property market could see transactions slide by as much 17% come spring of next year, with this downward trend likely to start in December as the market winds...
Average 5-year fix falls below 6% for first time in seven weeks – brokers give their views on where fixed rates are headed next
Following news that the average 5-year fixed mortgage rate has fallen below 6% for the first time in seven weeks, free broker PR platform, Newspage, asked a selection of brokers for their views on where fixed rates are headed and where they are likely to stabilise...
Regulation & Compliance
FCA’s redress for British Steel pension scheme members is a ‘huge relief’ says AJ Bell’s Tom Selby
Written by Tom Selby, head of retirement policy at AJ Bell Today’s news will undoubtedly come as a huge relief for those affected by the...
FCA confirms plans to deliver redress to over 1,000 former British Steel Pension Scheme members
The FCA has published final rules for a redress scheme for former members of the British Steel Pension Scheme (BSPS) who received...
Commission calls on FCA to improve philanthropy advice in financial services sector
Regulator should mandate training for advisors and pursue regulation, says report Philanthropy in the UK worth more than £20bn each year...
PFS publishes Consumer Duty good practice guide for Financial Advisers
In support of the Financial Conduct Authority’s (FCA) flagship regulatory reform: the Consumer Duty, the Personal Finance Society (PFS)...
TPR blog published: Equality, diversity and inclusion update
The Pensions Regulator has today published a blog setting out its ongoing work towards creating a fairer and more inclusive culture across...
Digest
Value of UK crypto fraud rises 32% to £226 million in a single year
The value of reported UK cryptocurrency fraud has jumped by 32% in a single year, from £171 million to £226 million*, shows data from Pinsent Masons, the multinational law firm. The number of fraud reports has also increased to 10,030, 16% more than last year’s total...
Modern flexibility needed on where and when to work
New ways of working will look different for everyone, everywhere. While there is a universal acceptance that today’s workforce wants radical flexibility, what that looks like for each organisation will vary significantly. Striking the right balance between remote...
Tired at the Wheel: Exposing the Most Common Driving Fatigue Myths & How to Minimise Your Risks
It is common knowledge that drunk, drugged, or distracted drivers pose a danger to themselves and others on the road. But tired motorists, who tend to be overlooked when thinking about unsafe driving, are just as perilous. Indeed, collisions caused by drowsy drivers...
How to deal with the World Cup during work hours
Now the 2022 FIFA World Cup is fully underway, fans are getting excited to see how far their teams can progress in the tournament. Understandably, many will want to watch their team play live on TV, but those unable to take time off may risk missing their chosen...
Gen Z lead demand for digital workplace transformation
New research from SD Worx, Europe's leading HR and payroll service provider, reveals that over half of the Gen Z workforce (54%) crave better digitalisation across HR processes and solutions in the workplace. The findings set out new and emerging workplace...
A third of UK parents say cost of living crisis spurred them to teach their kids more about money
One third of parents (32%) in the UK claim that the cost of living crisis has changed their attitude towards teaching their children about money, and they now intend to do more to educate them in this area, according to new research from personal finance comparison...
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