Financial advisers clinging to traditional "delegating models" in hopes of attracting Generation Z are in for a rude awakening. This new generation, poised to inherit a staggering £5.5 trillion in assets over the next 30 years, has no need for your outdated services. The rise of "finfluencers" has shattered the information asymmetry that once defined … Continue reading Financial Advisers: Rethink Your Approach for Gen Z or Face Irrelevance
Author: Steve Conley
Unjust Governance: The FCA’s Burden on Small Financial Firms
In the realm of financial services, the level of reporting required by the Financial Conduct Authority (FCA) for small firms has become disproportionate compared to other industries. Despite the pandemic being behind us, COVID-related reports continue unabated, adding to the regulatory burden. Complaints made to MPs and the Treasury are simply passed on to the … Continue reading Unjust Governance: The FCA’s Burden on Small Financial Firms
“Take Control of Your Financial Future with HapNav”
HapNav is the world's first end-user financial planning app integrated with Open Banking, designed to empower Gen XYZs to take control of their finances without relying on distrusted intermediaries. Priced affordably at just £6.99 per month, HapNav offers an accessible, user-friendly solution to manage your financial journey from wisdom to security, freedom, and beyond. Why … Continue reading “Take Control of Your Financial Future with HapNav”
The Future of Financial Advice: Empowerment Over Delegation
The financial advice market is undergoing a profound transformation. Traditionally dominated by a "delegator mentality," where financial planners managed assets on behalf of their clients, this model was particularly suited to the Baby Boomer generation. However, as we move further into the Information Age, younger generations—Gen X, Y, and Z—are seeking a different approach. They … Continue reading The Future of Financial Advice: Empowerment Over Delegation
Labour’s Plans for Financial Services Regulation: A Comprehensive Overview
Authors: Chris Chapman, Lauren Howells: Labour's Plans for Financial Services Regulation: What We Know | Insights | Mayer Brown Introduction Labour has achieved a landslide victory in the recent general election, securing 412 seats. This article explores Labour's plans for financial services regulation, drawing from their manifesto and other publications to provide insights into their … Continue reading Labour’s Plans for Financial Services Regulation: A Comprehensive Overview
The Call for an Impartial Financial Education Hub
In the ever-evolving landscape of financial education, there is an increasing call for the creation of a centralised educational hub. This hub aims to bridge the gap between financial influencers (finfluencers) and financial firms, ensuring that the public receives accurate, unbiased financial education. However, for this initiative to succeed, it is imperative to maintain a … Continue reading The Call for an Impartial Financial Education Hub
Financial Planning is a Profession, Financial Intermediation is an Industry: Why the CII and PFS are in Trouble
The Chartered Insurance Institute (CII) and the Personal Finance Society (PFS) have long stood as pillars in the world of financial services. Yet, their recent struggles indicate a fundamental misunderstanding of the evolving landscape of financial planning and intermediation. As a Chartered Insurer since 1989 and a Chartered Financial Planner since 2017, I have witnessed … Continue reading Financial Planning is a Profession, Financial Intermediation is an Industry: Why the CII and PFS are in Trouble
Retire from Work You Dislike, Not from Meaningful Projects You Love
Recent research from Medius reported in FT Adviser has highlighted a significant trend within the financial sector: almost three quarters (72 per cent) of finance professionals in the UK are actively seeking jobs outside their current field. Moreover, 75 per cent would not recommend a career in finance to Generation Z, attributing this sentiment to … Continue reading Retire from Work You Dislike, Not from Meaningful Projects You Love
Evolving Financial Advisers: The AI Revolution at the 2024 Artificial Intelligence in Financial Advice Conference
LONDON, July 10, 2024 – Gather round, dear financial advisers, as we delve into the delightful dystopia unveiled at the 2024 Artificial Intelligence in Financial Advice conference today. Held at the charmingly impersonal Pullman Hotel in London, the event revealed a future where half of the advisers aged 58 and above are frantically plotting their … Continue reading Evolving Financial Advisers: The AI Revolution at the 2024 Artificial Intelligence in Financial Advice Conference
The Misconceptions in Investment Terminology: Clarifying the Roles and Responsibilities
As founder of my own financial planning business and a former head of investments at several banks, I have observed a troubling trend: the pervasive confusion and misuse of key financial terms. This miscommunication is not always intentional, but it is certainly problematic, particularly when it comes to regulated retail investments. The overemphasis on selling … Continue reading The Misconceptions in Investment Terminology: Clarifying the Roles and Responsibilities
