New research by Standard Life Aberdeen has suggested that two-thirds of those retiring this year will run out of money before they die.
New research by wealth management and stockbroking firm Charles Schwab UK has suggested that younger investors are much more likely to favour cryptocurrencies over equities when it comes to investing their money.
Recruitment consultancy BWD has reported that it has seen a remarkable recovery in financial services recruitment in recent months. It says that the numbers of interview invitations for candidates in its wealth management division have recovered to pre-pandemic levels. However, the number of job offers in the first quarter of 2021 was almost double that seen in the same period in 2020, even though the coronavirus pandemic did not really affect the UK significantly until close to the end of the first quarter of 2020.
Charles Randell, the regulator’s chairman, explained some of the key areas of focus for the Financial Conduct Authority when he gave a recent speech to trade association the Finance and Leasing Association.
The Government has launched a new compensation scheme for those customers of a failed mini-bond provider who were not eligible for redress from the Financial Services Compensation Scheme. However, these customers will not receive full compensation, as they might have been hoping to get from the FSCS. Instead, they can expect to be compensated for 80% of their initial investment, up to a maximum of £68,000.
Does your firm require assistance with reviewing your financial promotions? Could you benefit from any compliance support? If so, please contact Scott Robert on 0161 914 5727.
New research from charity the Money Advice Trust estimates that as many as 10.2 million UK adults are worried that their finances will never recover from the impact of Covid-19.
Does your firm require assistance with reviewing its financial promotions? Could you benefit from any compliance support? If so, please contact Scott Robert on 0161 914 5727.
A number of parliamentarians and other figures gave their take on the current state of the credit sector at the Parliamentary Briefing hosted by Credit Strategy magazine.