Neil Woodford has launched a blog to much media interest claiming he is neither hero or villain as Citywire headlines the story There are suggestion he will ‘tell all’ in Proactive Investor with some less flattering coverage in the Telegraph among many others. Can a new chapter as a media and investment influencer really beckon? No doubt advisers will have their views.
UK inflation falls to 3.2%, a two and a half year low as Money Marketing reports. ThisisMoney does one of its useful ‘what does this mean for you?’ analyses.
In discussing adviser-owned platforms, David Ferguson writing in Money Marketing says: “The real story isn’t about whether more advice firms will (or should) choose to operate their own platform. It’s about the ongoing transformation of the adviser technology market — and, by extension, the advice process itself (including how this bleeds across to guidance and non-advised channels).”
A report from LCP suggests building on the ‘pot follows member’ model and recommends pensions are ‘magnetically attached’ to savers and move with them to their new job, where it would be combined with their new workplace pension, as FT Adviser reports. Is this new or a rebrand?
A Professional Adviser survey suggests that 93% of professionals in the financial services sector believe regulatory pressures have impacted their stress levels at work, whilst only 7% said this is not the case with one commenter saying regulation is "always an underlying anxiety.”
I suppose there is an inevitability about this but perhaps it is something both regulator and indeed advisers should be a little more mindful of, the FCA in terms of not making unreasonable demands (including on time), and for advisers in terms of managing such stress though many advisers do appear to be good at that for both themselves and their clients.
Indeed a Money Marketing column from Radcliffe and Newlands Mel Kenny says that the industry needs to get serious about stress.
An interesting story from New Model Adviser. LEBC was sold twice last year and is now owned by private-equity backed Titan Wealth.
The firm’s B shareholders, some of whom have been with the business for more than 20 years, are told it could take three years to find out the value of their shares.
