These news reviews by their very nature often feature a huge amount of bad news for the sector. Yet perhaps this is good news. Ovation Finance’s Chris Budd discusses the sale of the business to his employees using an employee ownership trust.
Could this be a new exit route for business owners who don’t want to sell out to aggregators?
Tracey Evans of Juno Wealth considers how to talk to clients about mortality - something that is increasingly important following the pension freedom reforms.
More questions - should UK advisers have a fiduciary duty asks Money Marketing - although there is some debate on social media as to whether the regulations already 'imply' a fiduciary relationship already.
Some steelworkers have grouped together to sue various parties including providers involved in the steelworkers’ pension transfer scandal. Prudential’s Vince Smith-Hughes discusses when clients should transfer from DC to DC.
Tech and design consultancy Space’s Marilyn Cole warns financial services firms that they may not be entirely immune from the fall out from Facebook’s potential misuse of data.
Phil Bray of the Yardstick Agency is doing some excellent work helping IFAs with their marketing. Here he discusses how to improve the effectiveness of a firm’s Unbiased profile.
Professional Adviser assesses the top ten takeaways from the very latest asset management review paper. There has been much discussion as to whether the FCA has retreated again from a more hard hitting approach.
The biggest change may be that a fund manager does not need to get permission from individual investors before altering a share class. Actually in fund managers’ defence, I have heard talk of how many would cut their fees on legacy contracts were it easier to do so.
We shall soon find out if this is really their intention if it becomes clear that they can do so with ease.