Karishni Patel

FCA targets pension transfers and SIPPs in major review. The Financial Conduct Authority (FCA) has launched a major review of defined contribution (DC) pension rules. Check out Isabel Baxter's latest article 👇 https://incm.pub/3ZBndMD #financialadviser #investment #investmentmanagement #finance

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Aviva Investors suffers £1.7bn outflows but AUM registers slight uptick. Aviva Investors has suffered net outflows of more than £1.7bn in the nine months to 30 September 2024, according to its Q3 results today (14 November). Amanda Blanc. Check out Cristian Angeloni's latest article 👇 https://incm.pub/4et8RUg #investing #assetmanagement #wealthmanagement #finance

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🤝 Arbuthnot Latham has appointed Miles Kean as a director of private banking. Read more on thewealthnet

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The Bank of England has highlighted the need for enhanced risk management practices within the private equity sector. This call for improvement is particularly urgent due to the impact of low interest rates, which are leading to increased financing costs within the industry. Read more: https://reut.rs/3XUNDtS #Finance #RiskManagement #PrivateEquity

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Navigating the Autumn Budget: Impacts on the Asset & Wealth Management Industry The recent Budget announcements bring significant changes that will shape the asset and wealth management sector. Here are the key takeaways: 1. Employer NICs & Workforce Strategies Increases in employer National Insurance Contributions are likely to drive new conversations around optimising tax-efficient benefits for both employers and employees. Now is the time to revisit your workforce incentives. 2. Changes to Capital Gains Tax (CGT) With CGT rates increasing from 10% and 20% to 18% and 24%, investors will need to reassess their portfolios, and asset managers may need to adapt their product offerings to align with this new tax environment. 3. Shifting Pension IHT Strategies The removal of inheritance tax exemptions on pension pots will require investors to rethink portfolio strategies. This shift may alter the order of asset liquidation and potentially bring renewed interest in annuities. 4. Alternative Fund Managers & Annuities Increased tax burdens may drive alternative fund managers to collaborate more closely with annuity providers, supporting a growing market need. 5. Surge in Private Client Advisory Needs Tax advisory teams are expected to see a significant uptick in workload as they navigate the new compliance landscape following changes to the UK's non-domiciled tax regime. 6. New Tax Regime for Alternatives The industry will need to work alongside HMRC and Treasury to craft a new tax regime for private equity and alternatives. Changes to carried interest rules are less drastic than expected, but the reclassification of income could impact cross-border payment structures and tax timing. At Edwards Fosse, we’re ready to guide our clients through these changes. Let's discuss how to adapt your strategies to stay ahead. #AutumnBudget #AssetManagement #TaxStrategy #EdwardsFosse #WealthManagement #Compliance #PrivateEquity #TaxAdvisory

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Another superb edition of Deloitte's Private Debt Deal Tracker from Andrew Cruickshank, Jed Poole, ACA, CFA and team. Great to have contributed on the coming months (pg. 10-15), alongside Mark Beckett, with FX and rates volatility expected to remain elevated. #DeloittePDDT #RiskManagement

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How do client's investment objectives influence risk profiling? Understanding your client's investment objectives is an essential part of assessing their risk appetite. Whether your client is targeting growth in their pot or generating an income, this will influence what investment delivers a good outcome. The FCA identified 5 key areas in their recent thematic review of income advice; with two of those areas detailing the need to understand your client's objectives. The FCA said: 1️⃣ "Risk profiling was not evidenced, was inconsistent with objectives and customer knowledge and experience, or lacked consideration of capacity for loss." 2️⃣ "Failure to get necessary information about customers to demonstrate advice suitability, including expenditure or other financial provision, or not exploring future objectives or circumstances, including income needs or lifestyle changes." So how does this influence Advisers risk profiling process? Well, there has long been a discussion about the need for two different questionnaires to assess risk, depending on your client's objectives. Using two questionnaires with tailored methodology for accumulation and decumulation allows you to fine tune your clients objectives and deliver an investment conversation that is tailored to their circumstances. To find out more and understand how aligning to your clients objectives can power better financial outcomes 👉 https://lnkd.in/ef_FaxE9 #financialplanning #fintech #riskprofiling #FCA

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Partner Insight: Investing in your risk settlement investment advice In this article, Aon's Wealth Solutions' Hatty Goodwin discusses the increasing complexity of pension scheme portfolios which include illiquid assets for many, and the hurdles to overcome as a result to transact with an insurer. Illiquid assets cannot be sold quickly or easily, and if not carefully managed, this problem can lead to lost value through forced selling of the assets to fund the transaction. So how can we best plan for transaction? https://incm.pub/3ZQ0jmb

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The FCA has launched a consultation on its proposals for a new retail disclosure regime for Consumer Composite Investments, aimed at simplifying product information for retail investors. However, The Association of Investment Companies (AIC) CEO Richard Stone says the reform 'misses the mark' for investment trusts. Portfolio Adviser

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A £2.5bn 'Barratt Redrow' (BR) consolidation would see it become the UK's largest housebuilder. While not all M&A transactions we finance are at a £2.5bn debt quantum, the underlying reasons why firms merge, regardless of their industry / size remain the same: 1. Growth. BR would have a collective land pipeline of over 92,000 plots and the ability to build > 22,000 homes per annum. 2. Efficiency creation. BR could consolidate operations and save on procurement fees to the tune of £90m per annum. 3. Market share / diversification. BR would have a ‘premium’ homebuilder in its portfolio to compliment the first-time buyers and larger families it’s already synonymous with. 4. Shareholder value. In theory, BR should be in a better position to tackle economic headwinds and capitalise on synergies. It’ll be interesting to see whether the CMA signs off on this deal and whether the points above come to fruition. #merger #acquisition #finance #debt #barratt #redrow #smefinance #corporatefinance

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Our April 2024 Investment Services Regulatory Update is now available. Visit our website below to read or download the full report from the Vedder Price ISG Team. #InvestmentServices #RegulatoryUpdate

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Inconsistencies in advice and mismanaging adviser behavioural biases can leave clients exposed to the wrong portfolios which can ultimately lead to regulatory risks within firms. Find out how to mitigate 'noise' in your firm by downloading our guide - https://lnkd.in/ewUNB5bM #FinancialAdvice #FinancialPlanning #WealthManagement #BehaviouralFinance #BeFi

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All professionals have biases, advisers are no different. Our thoughts on how to address these for consistent advice which reflects an investors preferences not their advisers. #FinancialAdvice #FinancialPlanning #WealthManagement #BehaviouralFinance #BeFi

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Recordsure AI helps financial services firms improve business efficiencies, provide oversight with less resource and embed process and regulatory compliance. Using our unique conversation and document analytics, advice firms can capture and analyse 100% of their customer interactions, increase the effectiveness and productivity of advisers and paraplanners, and boost the efficiency and performance of compliance functions. https://bit.ly/4bY39sk #AI #compliance #advisers #financialservices #wealthmanagement #AITech #speechanalytics #documentanalytics #filereviews #regtech #machinelearning

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For UK Financial Professionals. Our latest Treasury & Investment Office update is now live. The update covers: ● S&P reaches year high ● Weakening consumer trends in US ● Rates unchanged in UK Our weekly updates now come with an additional market roundup which you can download and share with your clients. Read the full update here: https://lnkd.in/gyYckPCM

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Advisers face a surge in pension taxation and CGT queries from clients amid Budget uncertainty 💬 Almost all advisers who responded to our survey* confirmed an increase in pension taxation and wealth protection queries as Budget speculation intensifies. Our Head of Public Policy, Rachel Vahey, shares more on query topics, as well as the potential long-term impact of clients taking tax-free cash from their pensions: “The fact that a third of clients have requested to take tax-free cash, a decision which in some cases could find people in a worse financial position longer-term, should be concerning…” Read on, here: https://lnkd.in/eCsVwn9e *Based on 131 responses to an online survey of advisers carried out between 30 September and 2 October 2024.

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The Financial Conduct Authority has recently released guidance on the anti-greenwashing rule (https://lnkd.in/euPDkHsM) as well as a consultation paper on the extension of SDR regime to portfolio management (https://lnkd.in/eum9yVUh). This means that there will be even more topics to discuss at the upcoming CFA UK event "Demystifying SDR". Join us this Thursday (April 25) to exchange insights, share challenges, and learn from fellow industry professionals. There is still time to register: https://lnkd.in/eWEKMjke We are going to have great panelists, moderators and CFA UK Sustainability Community Champions: Béatrice Méthé Bryony Widdup Rita Hunter Amanda Latham Jacopo G., James Doyle,Chartered FCSI, Lee Coates OBE David M., Eric Yim, CFA, ACA, Denise Santana, Katriona Baker, Anshula Venkataraman, CFA, Nyasha Mafoti, CFA, Jonathan Quiogue, CFA, Francesca Wheble, Anatoliy Konyakhin CFA, Aya Pariy #sdr #sustainability #esg #regulations #portfoliomanagement #CFA #FCA #investmentmanagement #compliance #labels #sustainbleinvesting

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