Tag: finance

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 Great British Financial Adviser Dilemma: An Ode to Overload and Obsolescence

Ah, the United Kingdom, land of tea, crumpets, and, apparently, a grossly overburdened financial advisory sector. Let's break this down: with 28 million households and a whopping 28,000 financial advisers, each managing a maximum of 100 clients, only a mere 10% of households are graced with ongoing financial services. Yes, just 10%. That leaves 90% … Continue reading The Great British Financial Adviser Dilemma: An Ode to Overload and Obsolescence →

Reimagining Retirement: Why Gen X Should Look Beyond Traditional Investments

As the oldest members of Generation X (individuals born between the years 1965 and 1980) approach the milestone of 60 next year, the reality of retirement looms large. The recent Natixis Global Survey of Individual Investors highlights the financial anxieties this cohort faces. Nearly half of Gen Xers surveyed believe it will take a miracle … Continue reading Reimagining Retirement: Why Gen X Should Look Beyond Traditional Investments →

The Difference Between FCA-Regulated Financial Planners Who Outsource Wealth Management and CMA-Regulated Financial Planners

Introduction In the UK, financial planning services can be regulated by different authorities depending on the nature of the advice provided. This article clarifies the distinctions between FCA-regulated financial planners who often outsource wealth management to discretionary fund managers (DFMs) through model portfolio services (MPS), and financial planners regulated by the Competition and Markets Authority … Continue reading The Difference Between FCA-Regulated Financial Planners Who Outsource Wealth Management and CMA-Regulated Financial Planners →