News
DWP report highlights gender pensions gap
1+ hour, 5+ min ago (460+ words) A new report published today by the Department for Work and Pensions ahead of the Pensions Commission report expected later this week has highlighted the growing gender pensions gap. The report explores how labour market histories and life events relate…...
Firms warned to support customers through tough times
3+ hour, 33+ min ago (360+ words) The FCA has warned finance firms to ensure they put customers" needs first and avoid foreseeable harm, including those in vulnerable circumstances. "It said firms will face enforcement action if they are found to have let customers down. The regulator…...
IA selects ex-senior civil servant as new CEO
3+ day, 2+ hour ago (425+ words) The fund managers' trade body, the Investment Association, has appointed career civil servant John Owen as its new chief executive to replace outgoing CEO Chris Cummings. The IA says that Mr Owen is an experienced policy leader who has built…...
Hunt for new TISA CEO begins as incumbent steps down
3+ day, 1+ hour ago (343+ words) Carol Knight is to step down as CEO of trade body The Investing and Saving Alliance (TISA) in August after four years leading the organisation. Ms Knight announced the move yesterday at the organisation's Annual Parliamentary Reception. TISA says that…...
Essex adviser firm with more than 30 staff fails
3+ day, 3+ hour ago (279+ words) Essex financial adviser firm Kapwealth Ltd (formerly Titan Investment Partners Ltd) has been declared in default by the Financial Services Compensation Scheme. The firm (FRN 590782) was based in Woodford Green, Essex, and was involved in pensions and investment advice. It…...
Cooper Parry sets sights on Midlands growth with senior hires
3+ day, 3+ hour ago (430+ words) Financial Planner Cooper Parry Wealth has made two senior appointments to strengthen its presence in Birmingham and across the Midlands. Chris Davies has joined the firm as client relationship director. Mr Davies" new role will see him supporting business owners,…...
41% of advisers seeing increase in family inheritance disputes
3+ day, 4+ hour ago (368+ words) Two in five advisers (41%) have seen a increase in inheritance disputes within blended families, fuelled by a lack of communication, according to a new report. Three quarters (71%) of advisers surveyed by trust and estate professionals trade body STEP said more…...
FCA adds new Nordic AI specialist as COO
4+ day, 4+ hour ago (256+ words) The FCA has appointed Johan Sekora as chief operating officer from the start of June. Relocating from Stockholm, he brings 25 years of financial services experience and is a leading European voice on the importance of industry collaboration and the use…...
Aviva reports 49% rise in wealth net flows in Q1
4+ day, 3+ hour ago (331+ words) Net flows rose 49% to "3. 3bn (Q125: "2. 3bn) for Aviva's wealth business in the first quarter of the year, representing 6% of opening assets. Platform and workplace net flows were particularly strong, with workplace pensions net flows increase 71%. The direct wealth business and adviser platform…...
Advised platform sales hit new record high in Q1
4+ day, 2+ hour ago (276+ words) Gross flows rose to a new record high of "27. 5bn for adviser platforms in the first quarter of the year, a 17% rise year on year (Q125: "23. 5bn). Net inflows for adviser platforms were also the highest seen since 2022, according to the latest data…...