Good morning and welcome to your Morning Briefing for Wednesday 7 September 2022. To get this in your inbox every morning click here.
Exit plans
Do you need help with exiting your business and a succession plan? This firm might be able to help.
City & Capital Acquisitions, a merger & acquisition business for financial planning firm owners looking to exit, is rebranding to The Exit Partnership.
Managing director Victoria Hicks and head of acquisitions and succession planning Brian Hill will head up the rebranded company.
The Exit Partnership offers two distinct services for financial planners looking to sell if you are interested to find out more.
Investment scams
Investment scams are the fastest growing ‘authorised’ scam complaint that the Financial Ombudsman Service (FOS) now receives.
Over half of these complaints related to investment scams involve cryptocurrency.
This is what the FOS’s latest quarterly data publication reveals. While the number of ‘authorised’ scam complaints decreased overall, investment scams have seen the biggest increase as a proportion of ‘authorised’ scam complaints.
Flexi pensions
How to combine flexibility and security in retirement?
According to Lane, Clark and Peacock (LCP) the ‘flex first, fix later’ pension product provides individuals with more flexibility.
It gives the opportunity for a person to start their retirement journey in drawdown, but automatically switch later to an annuity.
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