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Displaying items by tag: advisers

Small self-administered schemes (SSASs) turned 50 last year and it is fair to say that their popularity and endorsement has been mixed over that period.

Published in Comment and Blogs

The FSCS has declared pension transfer adviser Portal Financial Services LLP (FRN501272) as failed after the firm went into compulsory liquidation following a string of complaints.

Published in Features
Monday, 31 October 2022 17:42

Pension drawdown becoming core for advisers

Two thirds of advisers say that up to 50% of their business is now from clients in pension drawdown, according to a new survey.

Published in Articles
Friday, 17 December 2021 11:12

AJ Bell reveals Top 20 adviser fund selections

Platform and SIPP provider AJ Bell has revealed the top 20 most popular funds and investment companies with advisers using its Investcentre platform.

Published in Articles
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Investment platform AJ Bell has reported a 15% rise in advised customers year on year, and 4% over the third quarter, in its latest trading update.


Total platform customers grew 32% year on year, and 6% in the quarter, as direct to consumer customers rose 42% (8% in the quarter). The platform now has 353,299 customers, of which just over a third (122,757) are advised.

Total platform net inflows increased by 40% over the prior year to £2.1bn, with just over half (£1.1.bn) being advised (a 57% growth year on year in advised net inflows).

Platform assets under administration closed the quarter at £63.1bn, a 32% rise year on year and a 9% rise in the quarter.

Assets under management at the platforms investment management business, AJ Bell Investments, increased 186% year on year and 43% over the quarter to £2bn. Total net inflows in the quarter were £524 million, including a one-off inflow of £253m.

Andy Bell, CEO at AJ Bell, said: “In the advised market, third quarter platform inflows were up 57% compared to the prior year. The introduction of simplified pension options is proving particularly popular with advisers as it provides them with different price points and flexible investment options to cater for a diverse range of client needs.

“We also continue to see strong demand for our in-house investment solutions. There is growing awareness amongst financial advisers of the value and performance that our managed portfolio service is delivering to their clients and our multi-asset funds continue to prove popular with advisers and retail customers alike.

“As we head into the final quarter of our financial year, we remain focused on providing an excellent service to our customers and continuing to support our people as we navigate the current wave of the pandemic. Looking further ahead, the structural growth drivers for our sector remain strong and we are well placed to deliver further growth across our platform.”


Published in Articles
Monday, 01 March 2021 10:31

Hymans Robertson launches adviser products

Hymans Robertson Investment Services has launched a discretionary model portfolio service in a move which sees it partnering with UK financial advisers directly for the first time.

Published in Articles
Thursday, 03 December 2020 17:45

FCA reports adviser numbers up 4%

Financial adviser numbers have risen by 1,400 (4%) since the Retail Distribution Review (RDR) and the Financial Advice Market Review (FAMR), ending years of decline.

Published in Articles
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According to adviser research from Aegon the demand for DB advice remains strong with nine out of 10 advisers, who are or have been active in advising on defined benefits, saying there are still many individuals who would benefit from taking advice.
Published in Articles
Monday, 18 March 2019 12:47

Record turnout at advice network roadshows

Advice network Openwork has attracted a record turnout for a nationwide series of roadshows, introducing its expanded Protection Panel, as it opens up new markets and aims to fulfil a wider range of customer needs.
Published in Articles
A multimedia firm has created a new video which seeks to explain pension freedoms to clients.
Published in Articles
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