by Richard Bradley | 14 October 2024 | UK Financial Advisers
The FCA’s latest Dear CEO letter landed last week and sent a shot across consolidators’ bows. But it was the part where the regulator yet again raises the issue of ongoing advice that caught our attention. The FCA has repeatedly expressed concerns that advisers...
by Mariam Pourshoushtari | 27 September 2024 | UK Financial Advisers
Advice firms look after more clients and more assets than ever before. Contrary to popular belief, adviser numbers have risen since 2016, although much too slowly to keep pace with demand. Despite economic and regulatory challenges, advice business has proved to be...
by Richard Bradley | 16 August 2024 | UK Financial Advisers
The number of people receiving ongoing financial advice in the UK has risen by over a fifth in the last five years. But the population of advisers has hardly grown and in 2023 it actually fell. Strong demand for advice has propelled the average number of clients per...
by Mariam Pourshoushtari | 14 June 2024 | UK Financial Advisers
Discretionary model portfolios run by third-party wealth managers are now the leading investment strategy among financial advisers and the default solution for many of them. Since 2020, their share of advised assets has doubled, according to Platforum’s latest...
by Richard Bradley | 27 March 2024 | UK Financial Advisers, UK Fund Distribution
In the FCA’s retirement income advice thematic review (TR24/1) published last week, we and others had expected more criticism of advisers’ less robust planning processes and the excessive use of drawdown instead of guaranteed products. Instead, the regulator...
by Mariam Pourshoushtari | 08 March 2024 | UK Financial Advisers, UK Fund Distribution
Inflation, higher interest rates, tax changes and Consumer Duty are all prompting advisers to revise their advice for clients in decumulation. Inflation has eroded retired clients’ spending power. Most advised clients can weather the challenges to their long-term...
