Money Marketing Weekly Wrap Up

Catch up on Money Marketing’s top stories from this week that is a mix of platform updates, big appointments and consolidation.

James Hay platform upgrade likely by end of 2022

The upgraded James Hay platform could be ready “towards the back end of this year,” although the company is keen to avoid committing to an exact date.

Bruce Moss: Testing proposals for a 20% market fall? Don’t

Assessing capacity for loss is a key FCA requirement, and fundamentally important when relying on flexi-access drawdown to provide an income in retirement, especially as inflation jumps higher. Bruce Moss, founder of EV examines the best way to assess capacity for loss.

IFA consolidation likely to dry up as interest rates rise

Consolidation in the adviser market is likely to dry up off the back of rising interest rates and inflation.

Boutique growth fund denies partnership with Woodford’s WCM

Albany Investment, a boutique cyber security growth fund, is launching the UK Cyber ​​Fund. A source told Money Marketing that the fund is being launched in partnership with WCM Partners.

Kingswood appoints technology head

Kingswood has appointed Christopher Calvocoressi its technology lead to develop a new online portal.

Pimfa chief: Our damning British Steel inquiry evidence

Liz Field, chief executive of Pimfa believes there were significant structural issues that existed in the defined benefit transfer market during the British Steel Pension crisis which added to the harm. However, there were also unique characteristics associated with the crisis.

A fifth of advisers unaware of Consumer Duty

One in five advisers have not heard of the new Consumer Duty, and have not considered the level of change they may need to make.

Hartley Pensions hires CEO as incumbent to step down

Wilton has appointed Richard Valentine to lead its resolutions arm Hartley Pensions that was stopped from taking on new business in March.

Open-ended property funds will continue to decline, fund manager warns

Open-ended funds have been declining since 2016 and this is set to continue according to Gravis fund manager Matt Norris.

Maven Wealth rebrands over legal challenge

IFA firm Maven Wealth (Maven) has changed its name to Nugenis Financial Planning effective 1 May.