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 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 Richard Bradley | 07 June 2024 | Europe
Platform assets across Europe (including UK) surpassed €5,000bn at the end of 2023, according to Platforum’s recent European Fund Distribution: Platforms report. Platforms continue to take a higher proportion of total UCITS distribution as more institutions and advice...
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 Richard Bradley | 19 January 2024 | UK Fund Distribution
Rising interest rates impacted every part the UK retail investment market in 2023 as cash has once again become a viable option for those seeking returns. Many investors sold down portfolios and moved into cash, retirees in particular. Platforms rolled out cash...
