National IFA Continuum is hiring advisers since receiving an unprecedented number of inquiries since the start of the year. It has also seen a 25 per cent rise in business volumes.
This is interesting given reports of other IFAs considering furloughing staff. Does it depend on the business structure, cash reserves or perhaps a willingness to onboard new clients?
Quilter director Scott Stevens says it is time to leave wet signatures in the past.
Nexus IFA’s Kerry Nelson discusses how her firm responded to market volatility while setting out the case for active management.
Ricky Chan director of IFS Wealth and Pensions suggests ESG questionnaires for clients are too negative. He prefers a discussion about the options.
Premier’s Ian Gutteridge says demand for workplace advice is increasing but advisers are withdrawing from the market or trying to simply advise directors.
The following should ring alarm bells – fewer than one in five people or 18 per cent of approved functions in the retail investment sector are women and this proportion drops to 16 per cent in investment management.
Withdrawals from lifetime ISAs will now see a penalty of 20 per cent not 25 per cent. The higher penalty effectively left clients losing out if they choose to withdraw. Now they will essentially only have to pay back the government uplift.
HMRC has handed back £23m in overpaid tax to individuals who withdrew money from their pensions in the first quarter. The repayment was £166.6m in the whole year 2019/2020.
Fundsmith's Terry Smith buys Nike and Starbucks after market falls.