Good morning and welcome to your Morning Briefing for Thursday 19 January, 2023. To get this in your inbox every morning click here.
Advisers opt for in-house platforms
A growing list of advice firms are opting to become platform operators in a bid to reduce risk and better manage client assets across multiple execution venues.
Data provided exclusively to Money Marketing from NextWealth’s The Great Platform Shakeout Report shows a growing trend towards adviser-as-platform and platform white labelling.
Pension scam flagging
That 97% of pension transfers are potential scams should concern all financial planners.
Not because consumers are at risk of losing their pension funds but because of a complete failure of common sense from some pension administrators, which are flagging benign transactions as a potential source of harm.
Transact and WBS team up
Investment platform Transact has partnered with Winterflood Business Services (WBS) to integrate its automated electronic dealing solution.
By doing this, Transact clients will have access to more counterparties and liquidity in the majority of listed stocks across Europe, as well as broad coverage of US, Canadian and Asian liquid stocks.
Quote Of The Day
Inflation can have a devasting impact on a retirement pot and could seriously change your retirement plans at very short notice with people choosing to work longer and delay retirement.
– Rio Stedford, financial planning expert at Quilter, comments the latest UK…
