Clarion Wealth Planning Undergoes Management Buyout
After 39 years, Ron Walker has sold 60% of his shares in Clarion Wealth Planning.The management team, led by John Winstanley, now controls the majority stake.Walker, a trailblazer in financial…
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Brooks Macdonald acquires Lift for strategic expansion
In a strategic move to bolster its presence in financial planning, Brooks Macdonald has acquired Lift Financial Group and Lift Invest, subject to regulatory approval.The acquisition involves a substantial initial…
FNZ chairman Lord Leitch dies at 76
Lord Alexander ‘Sandy’ Leitch has passed away at the age of 76.With a career spanning over five decades, Leitch significantly impacted the financial services sector.His leadership roles included chairing FNZ…
FCA Initiates Comprehensive Review of Firm Consolidations
The Financial Conduct Authority (FCA) has embarked on a detailed review regarding the consolidation activities of financial advice firms.This review involves communication with CEOs and directors, emphasising regulatory expectations and…
True Potential Appoints Gerry Mallon as CEO
True Potential announces the appointment of Gerry Mallon, formerly of Tesco Bank, as its new CEO.Mallon is set to assume his role in early 2025, pending regulatory approvals.Interim leadership will…
Pre-Budget pension tax speculation’s impact
Speculation about changes to higher-rate pension tax relief has been halted by the chancellor, which experts view as beneficial for clients.Treasury officials advised against cutting the 40% tax relief for…
Labour retreats on proposed pension tax relief revisions
Reports indicate that Labour is reconsidering plans on pension tax relief changes.Concerns arose over potential impacts on state employees with modest incomes.Treasury officials allegedly opposed the reduction of tax relief…
Starmer urged to mandate financial education in schools
A sub-committee of The Investing and Saving Alliance has appealed to Prime Minister Keir Starmer to implement compulsory financial education across UK schools.The Financial Education Council highlights the inconsistency in…
Discussion on Inclusion of Ethical Funds in SDR by FCA
The Financial Conduct Authority (FCA) is urged to rethink its Sustainability Disclosure Requirements (SDR).Miranda Beacham of Aegon Asset Management highlights SDR's limitations at a recent conference.There is a call for…
Lebanese Government Bonds Surge Amid Israel-Hezbollah Conflict
The price of Lebanese government bonds has surged following Israel’s military action against Lebanon, driven by speculation that Hezbollah’s weakening hopes of a ceasefire could pave the way for more…
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