Sales boost at old mutual wealth as feeney hails pension reforms
Old Mutual Wealth CEO Paul Feeney has hailed pension freedoms as a ‘shot of adrenaline’ to financial services as the group reported gross sales climb 16% to £4.6bn in Q1.
IFA
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PA ANALYSIS: The dangers of the model portfolio gold rush
A model portfolios boom is well under way and it seems to be picking up pace.
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Double acquisition sends bellpenny fum past £3bn
Bellpenny has seen its funds under management pass £3bn with the completion of a double IFA acquisition.
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Financial advisers in the dark on future fees, survey reveals
Financial advisers are totally split on how they expect both total advisory fees and discretionary fund management fees to evolve, according to a new survey by Investec Wealth & Investment.
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Tavistock creates south west hub with ifa acquisition
AIM-listed Tavistock Investments has acquired Cornwall-based Duchy Independent Financial Advisers as part of a new regional operation in the South West.
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Multi-asset’s stars set to keep on rising
A raft of regulatory changes and a backdrop of low yield from traditional income investments means the exponential rise in the popularity of multi-asset funds is unlikely to taper off any time soon.
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Smith & Williamson IM adds an associate director
Smith & Williamson Investment Management has appointed Lucy Mitchell as an associate director.
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Confused advisers at risk as dfm ‘outsourcing’ grows
Despite the growing trend toward the use of discretionary managers to handle some or all of the investment portion of advice, a large number of advisers remain unclear about where the responsibility for investment suitability lies.
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Octopus opens vct shares platform
Octopus Investments has joined forces with Transact to make shares in its venture capital trust range available through an adviser platform.
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Experts divided on pensions advice
Advisers should tweak their mandates to capitalise on the wave of fresh money coming from lower net-worth individuals in the new pension environment, according to FEIFAs Paul Stanfield.
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Close Brothers acquires Mackay
Close Brothers Asset Management has added another name to its growing list of acquisitions with the purchase of Mackay Stewart & Brown.
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Charles stanley cuts dividend as part of wealth refocus
Charles Stanley has cut its total dividend for the year to end March 2015 to 5p per share and is planning a £15.8m share placing in an effort to rebuild its capital levels and refocus the business.
