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Editor’s Comment: 'Finfluencer' crackdown is overdue

 

There was some shock this week when the FCA announced that it was charging nine social media influencers, including some reality TV stars, in connection with promotion of an unauthorised investment trading scheme.

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MKC Wealth acquires 2 adviser firms 

MKC Wealth, the expanding wealth manager, has acquired Dartford-based Gibson Lamb and Mulberry Financial of Macclesfield for undisclosed sums.

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FCA warns of ‘gaps’ as new Duty deadline looms

The FCA has written a Dear CEO letter to provider bosses to alert them to potential gaps in data as the Consumer Duty deadline for closed products looms.

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Timeline unveils adviser platform with 0.15% fee

Fintech and investment provider Timeline has launched its own adviser platform promising a platform fee of a typical 0.15%.

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Belmayne adds retirement specialist planner

Retirement planning specialist Paul Goddard has joined Derbyshire Financial Planning firm Belmayne.

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3 in 5 looking to property to fund retirement

The number of Britons looking to release money from their property to fund their retirement has risen to 61%, according to a report from the Equity Release Council.

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Average DC pension assets plummet 66% since 2012

Average assets per member of defined contribution pensions have fallen by 66% since the beginning of 2012, according to new data from The Pension Regulator.

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9 Finfluencers charged with promoting CFD trading scheme

The FCA has brought charges against nine people in relation to an unauthorised investment scheme promoted on social media.

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Younger investors becoming 'Generation Trader'

Generation Z and Millennials are adopting “trader-like” open and active investment strategies, according to recent research by investment platform Charles Schwab.

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Abrdn bets on inflation volatility with fund relaunches

Abrdn has relaunched two of its fixed income funds with an unconstrained approach due to the investment manager’s opinion that inflation volatility is “here to stay."

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