Statutory pre-tax profit at Jupiter Asset Management slumped by 84% to £9.4m for the year ended 31 December 2023 (2022: £58m) against a tough economic backdrop.
Read more ...Abrdn launches Money Market MPS
- Wednesday, 21 February 2024
- Articles
Investment provider Abrdn has launched a new MPS product, the Abrdn Money Market MPS, to meet client for a low risk MPS alternative to cash products.
Read more ...Canada Life reports annuity sales up 121% to record £1.2bn
- Wednesday, 21 February 2024
- Articles
Canada Life has reported record sales of individual annuities in 2023 of £1.2bn, up 121% on 2022.
Read more ...2 firms shut down after LCF-style £3m bond scam
- Wednesday, 21 February 2024
- Articles
Two financial companies offering LCF-style investment ‘bonds’ have been shut down after a £3m fraud against investors.
Read more ...Evelyn expands Surrey Financial Planning team
- Wednesday, 21 February 2024
- Articles
Wealth manager and Financial Planner Evelyn Partners has recruited Certified Financial Planner Reinoud Noorduijn for its Guildford office as it plans further expansion in Surrey.
Read more ...Firms must tackle 'less engaged' clients on Consumer Duty
- Wednesday, 21 February 2024
- Articles
Firms must engage better with ‘less engaged’ and ‘gone away’ clients as the Consumer Duty deadline on closed products looms, the FCA has said.
Read more ...77% lack confidence about accessing their pension
- Wednesday, 21 February 2024
- Articles
More than three-quarters (77%) of adults do not feel confident about how to access their pensions, according to research.
Read more ...Financial services workers failing to take leave
- Tuesday, 20 February 2024
- Articles
Finance and insurance sector workers are failing to use their full annual leave entitlement and are more likely to be working more than their contracted hours.
Read more ...Only 4% of DB pension schemes still open to new members
- Tuesday, 20 February 2024
- Articles
One in 20 (4%) defined benefit (DB) pension schemes remained open to new members in 2023, new data published today by The Pensions Regulator (TPR) shows.
Read more ...Small advice firms to thrive by 2028 - report
- Tuesday, 20 February 2024
- Articles
In the next five years the financial advice sector will see small adviser firms thrive while the number of clients served will grow by 30%, according to predictions from wealth consultancy NextWealth.
Read more ...