The Personal Finance Society has appointed its first independent chair following a review of governance and following several years of bitter disputes about the organisation and its relationship with the Chartered Insurance Institute as FT Adviser reports.
Piers White becomes chair and will be joined on the PFS Board by two new directors – Debbie Mitchell DipPFS and Mike Crane ACII – while Christine Elliott the current interim chair will depart.
It would be good to see a little more analysis in coming days for whether such changes will help address concerns among advisers about the way the organisation has been run for several years.
IFA Magazine reports that 74% of influencer ‘finance hack’ videos contain dangerous, misleading, incorrect or ‘nonsense’ advice.
A new study from MoneySuperMarket, with financial planners Penguin Wealth has found nearly three quarters (74%) of videos from ‘so-called ‘finfluencers’ contain poor advice.
Very important work and good to see Penguin and Money Supermarket taking the initiative on such an important topic.
Canaccord Genuity Group has acquired financial planning firm Cantab Asset Management for an undisclosed sum adding £900m of assets in the process reports Money Marketing.
Sipp provider Intelligent Money agrees to an FCA asset restriction, with New Model Adviser suggesting it is processing more than 80 complaints.
A notice on the FCA register outlines that it cannot dispose of client assets..
Three quarters of workers are more likely to vote for a political party that reforms defined contribution (DC) pensions, Money Marketing reports again.
A TPT Retirement Solutions survey of scheme members suggests voters want reforms to workplace pensions to be included in the upcoming party manifestos and that “doing so could have a substantial impact at the ballot box”.
Does this imply that more scheme members would like to be ‘saved from themselves’?
