The average ongoing advice fee is up 9 basis points from 2023, with a growing share of advisers charging between 91 and 100 bps for ongoing advice, according to a report from NextWealth. NextWealth’s fee benchmarking report explored pricing structures, fee trends and how financial advisers are adapting charging models. The report found that asset-based
Over the course of four days in November 2024 the High Court heard the application brought by Diane Culligan, a significant figure in women’s football, against her ex-husband Anthony Culligan to determine how their substantial financial assets should be divided between them following their divorce. The parties married in February 1992 and were together for
Residential mortgage loans have increased to their highest level since reporting began, data from the Bank of England has revealed. The bank’s Mortgage Lenders and Administrators Statistics Q4 2024, found the outstanding value of all residential mortgage loans increased by 0.5 per cent from Q3 2024 to Q4. As a result, the value rose to
The government is committed to allowing pension funds freedom of choice when it comes to where they invest their assets. Joanne Gibson, head of pensions investment review at HM Treasury, said it did not want to undermine the autonomy pension funds currently enjoy but it would be pushing schemes to invest more in productive finance.
Mortgage prisoners who have their mortgages with Landmark have been informed these will be sold on to Bloom Homeloans at the end of the week. In a letter sent to customers, seen by FT Adviser, Landmark Mortgages informed mortgage prisoners that it has agreed to transfer a portfolio of loans to Bloom Homeloans, a trading
The Financial Conduct Authority has said it will not issue compensation payments or launch a criminal investigation in relation to the Blackmore Bonds case. Today (February 6) the regulator wrote to those who had complained about the unregulated firm which issued mini-bonds. Blackmore Bonds was set up in 2016 and, until 2018, ran an investment scheme
Quilter’s WealthSelect managed portfolio has increased its fixed income allocations. The rebalance has taken place in its managed, responsible and sustainable ranges and has seen the fixed income allocation increased at the lower risk levels within the range. Managers Stuart Clark and Helen Bradshaw considered bond markets broadly. They said the recent underperformance of gilts