SJP academy head: Industry must get serious in finding 50,000 new advisers

With increasing complexity of both personal taxation and intergenerational wealth transfer, the decline of defined benefit pension schemes and the challenges posed by pensions freedom, there’s a pressing need for a new generation of talent to advise those clients who need it. With the current adviser population standing at 28,000, the numbers speak for themselves: […]

China’s ageing population threatens switch to new economic growth model

HONG KONG, Jan 18 (Reuters) – China’s ageing population threatens key Beijing policy goals for the coming decade of boosting domestic consumption and reining in ballooning debt, posing a severe challenge to the economy’s long-term growth prospects.A record low birth rate in 2023 and a wave of COVID-19 deaths resulted in a second consecutive year […]

Remortgaging landlords show renewed confidence in 5-year fixed rates – Landbay

Remortgaging landlords have demonstrated a restored confidence in fixed rate mortgages, according to Landbay’s latest landlord survey. More than half (51%) of remortgaging landlords reported that they would take a 5-year fixed rate, an 11% rise on April, although the figure was 46% last December. 5-year fixed rates regained the popularity lost after the Liz […]

Wealth management 2plan forms a partnership with LifeSearch

2plan Wealth Management has announced a protection referral partnership with LifeSearch. A new protection insurance advice referral cooperation has been launched by 2plan Wealth Management, one of the wealth management companies in the UK, and LifeSearch, the independent protection specialist in the country. The updated strategy, which is accessible to all of 2plan’s advisers, which […]

UK financial services firms’ confidence increases: CBI

41% of UK financial services firms predict an optimistic last few months of 2023 according to a survey from the Confederation of British Industry (CBI) Confidence among UK financial services has increased for the remainder of 2023. This is despite a dip in activity during Q3, according to new survey from the CBI. The CBI’s […]

Inside the £673mn debt burden SJP advisers are grappling with

Being a St James’s Place adviser is similar to being in a “gilded cage” due to restrictions on exiting the company and high interest rates payable on loans taken out to buy client books, according to one SJP adviser. FTAdviser previously reported that the average St James’s Place adviser owes the firm £111,000 due to […]

Half of firms unclear on Consumer Duty as deadline looms

Almost half of firms are unsure of how long it will take to implement the Financial Conduct Authority’s Consumer Duty as the deadline approaches, a new survey has found. Consultancy Bovill found that 44% of firms are still unsure how long it will take to implement the new consumer regulation and were unable to give […]