FTAdviser Podcast
380 episodes - English - Latest episode: 16 days ago -FTAdviser is the Financial Times’ specialist title dedicated to the UK financial advice profession. Each week one of our reporters will be joined by a panel of experts to discuss issues such how the latest regulatory developments will impact advice firms, how advised clients will be affected by the latest developments in pensions, investing, mortgages and tax, and how the financial advice profession will develop and grow. The FTAdviser Podcast is designed to inform regulated UK advisers on a range of topics, covering investments, pensions, regulation and other key issues.
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Episodes
Has the landscape for sellers changed?
October 06, 2023 10:00 - 24 minutes - 268 MBOver the previous years and during lockdown, we saw a flurry of activity and a surge in the number of start-up consolidators popping up, as well as a lot of private equity deals. But this last year it has felt like a bit more of a slow down. This week, FTAdviser's deputy news editor Sonia Rach talks to Louise Jeffreys, managing director at Gunner and Co and Paul Morrish, founder at Succession Wealth, on the state of the seller market. They discuss everything from what has been driving th...
CISI conference: Client discovery meetings done right
October 04, 2023 14:29 - 23 minutes - 257 MBFTAdviser speaks to Brendan Frazier, founder of Wired Planning, psychologist Dr Moira Somers, and Kusal Ariyawansa, adviser at Appleton Gerrard, about the best way to hold client discovery meetings, after their panel discussion at today's CISI conference. Hosted on Acast. See acast.com/privacy for more information.
CISI conference: Future of adviser technology
October 04, 2023 10:50 - 19 minutes - 212 MBFTAdviser speaks to Josh Butten, director of financial planning firm Boosst, and Jon Doyle, founder of Juniper Wealth Management, about the future of adviser technology, straight after their session with Ian McKenna at today's CISI conference. Hosted on Acast. See acast.com/privacy for more information.
Does the model for equity release advice need to change?
September 29, 2023 09:51 - 24 minutes - 265 MBEarlier this month the Financial Conduct Authority published the results of its review into lifetime mortgage advice, concluding it was "disappointed" by what it found. One of the overarching conclusions the FCA reached is that there were many examples of advisers steering outcomes in favour of a lifetime mortgage and failing to discuss alternatives. In short, if you went to an adviser to ask about a lifetime mortgage, you were likely to end up being recommended a lifetime mortgage regardle...
Is there merit in separating financial advice and financial planning?
September 22, 2023 10:00 - 26 minutes - 292 MBIt has been argued that financial planning and financial advice could be split so that planning on its own could allow financial planners to focus on less wealthy and younger clients who are happy to DIY invest. Amy Austin, news editor at FTAdviser speaks to Steve Conley, founder of the Academy of Life Planning and Sam Tate, co-founder & director of New World Financial Group about the pros and cons of doing so. Hosted on Acast. See acast.com/privacy for more information.
‘The regulator wants fewer firms to manage’
September 15, 2023 08:29 - 23 minutes - 262 MBLast month, Tenet announced it will close its network, with its appointed representatives moving to The Openwork Partnership as part of an exclusive agreement with the company. The agreement will provide Tenet's firms and advisers the choice of retaining their independent status through Openwork's IFA business 2plan Wealth Management or becoming part of the restricted Openwork proposition. This came as the Financial Conduct Authority’s annual report and accounts for 2022-23 revealed that t...
How to help clients navigate the mortgage market
September 08, 2023 10:00 - 26 minutes - 287 MBThe mortgage market has been on a rollercoaster ride over the past year. Since former Prime Minister Liz Truss’ disastrous mini-budget in 2022, combined with rampant inflation and subsequent base rate rises, lenders, brokers and would-be borrowers alike have been trying to keep up with the fast-paced changes to products. How are we to make sense of what is happening in the mortgage market right now? In this latest FTAdviser podcast, editor Simoney Kyriakou is joined by Mike Cook, chief mortg...
Understanding how to build a thematic investment approach
August 30, 2023 10:00 - 28 minutes - 39.2 MBMSCI describes thematic investing as a top-down investment approach that relies on research to explore macroeconomic, geopolitical and technological trends. These trends encompass long-term, structural shifts arising from new business models, disruptive technologies and changing consumer tastes and behaviors – megatrends that have the potential to change whole industries and shape the way we will live, work, travel and treat disease in the future. Thematic investing is intentionally futur...
Exiting an advice business
August 07, 2023 09:48 - 29 minutes - 326 MBIt is no secret that the adviser population is maturing. But what do advisers need to know about passing on their business in the current market? We speak to Victoria Hicks, managing director of The Exit Partnership, and Kanishk Swarup, founder of Compound Wealth Planning, to find out. Hosted on Acast. See acast.com/privacy for more information.
How do private assets fit into an investment portfolio?
August 02, 2023 10:00 - 24 minutes - 268 MBA recent study by global consulting firm Cerulli Associates found that nearly half of the private banks and wealth managers indicate that a lack of liquidity, high fees, and clients’ risk aversion are the top concerns preventing them from increasing private investments within their clients’ portfolios. The democratization of private assets faces several challenges. Are there ways to address these? On this latest podcast, FTAdviser deputy features editor Ima Jackson-Obot is joined by Nick ...
How much longer can financial advice consolidation go on for?
July 28, 2023 10:00 - 28 minutes - 39.9 MBIt seems the pace of consolidation has continued apace despite the changing economic circumstances, but has anything changed? This week, in the last FTAdviser Podcast before a summer break, deputy editor Damian Fantato is joined by Albertha Charles, UK asset and wealth management lead at PwC, and Louise Jeffries, managing director of Gunnar & Co, to find out. They discuss what is driving consolidation now, the role of private equity, the profile of companies which are likely to be snapped ...
Savers must understand risks of chancellor’s pension fund reforms
July 21, 2023 10:43 - 22 minutes - 245 MBIn his Mansion House speech earlier this month, Jeremy Hunt said some of the UK’s largest defined contribution pension schemes had agreed to commit 5 per cent of their default funds to unlisted equities by 2030. Hunt said his aim was to enable the UK’s financial services sector to increase returns for pensioners, improve outcomes for investors and unlock capital for UK growth businesses but what are the risks and will schemes jump on board? This week Amy Austin, news editor at FTAdviser sp...
What is fair value?
July 19, 2023 07:00 - 29 minutes - 325 MBThis FTAdviser In Focus CPD podcast looks at the meaning of fair value under the incoming consumer duty. What is fair value and how can advisers prove they are providing it? Consultants Mel Holman and Bradley Northrop, alongside adviser Kusal Ariyawansa and Quilter's Paul Young share their views Hosted on Acast. See acast.com/privacy for more information.
‘Consumer duty is a flagship piece of regulation’
July 14, 2023 10:27 - 20 minutes - 224 MBFirms are frantically preparing as the deadline is fast approaching at the end of this month. Given the imminent timescale, it is encouraging to note that a survey by Schroders revealed that 19% of advisers said they are fully prepared for consumer duty and 77% said that their preparations are in progress and that they should be ready for the end of July. However, 4% had said that they had not yet started to prepare. This week FTAdviser deputy news editor Sonia Rach talks Gillian Hepbur...
‘Collaboration’ is key to closing the financial literacy gap
July 07, 2023 09:47 - 23 minutes - 32.4 MBThe advice gap is ever-growing and as a profession, financial advisers have a role to play. But is it solely up to the financial services industry? A recently conducted poll on Twitter asked financial advisers what their views were on financial education in schools and whether it should be a collective effort by the advice / financial services industry or whether the onus should be on schools and the government. More than half of the advisers said schools need to do more, around 32% said ...
What will rising interest rates mean for tech investing?
June 30, 2023 10:00 - 37 minutes - 411 MBInvestors have done very well in previous years by investing in technology and innovation but rising interest rates has put some of this to an end. This week FTAdviser investment editor David Thorpe is joined by Kamal Warriach, head of equity fund research at Canaccord Genuity, Ian Mortimer, who runs the Guinness Global Innovators fund, and Paul Major, who runs the Bellevue Healthcare investment trust. They discuss distinguishing between an innovative company and a good investment, how div...
How to promote financial advice as a profession
June 23, 2023 10:00 - 25 minutes - 275 MBAs a profession, financial advice has often been associated with middle aged men and, while this has changed a little bit, the average age of a financial adviser remains in the late 50s. Many of the larger financial advice businesses are now setting up academies to encourage school and university leavers to join the profession but what more can be done to promote financial advice as a profession? This week FTAdviser deputy editor Damian Fantato talks to Sheena Gillett, communications and P...
Inflation 'changes everything' for multi-asset investors
June 16, 2023 10:00 - 33 minutes - 366 MBInflation has remained stubbornly high in the UK, presenting problems for multi-asset investors - particularly those seeking an income. This week FTAdviser's David Thorpe is joined by Charlie Parker, managing director at Albemarle Street Partners, Eugene Philalithis, head of multi-asset investments for Europe at Fidelity, and Alex Crooke, who runs the Bankers investment trust at Janus Henderson. They discuss how inflation changes the calculation for multi-asset investors, the balance of se...
What is happening in the mortgage market?
June 09, 2023 10:09 - 29 minutes - 321 MBThe mortgage market has been going haywire recently due to higher than anticipated inflation and mortgage lenders have been pulling deals across the market. This week reporter Jane Matthews is joined by John Charcol’s mortgage technical manager, Nicholas Mendes, Quilter’s mortgage expert Karen Noye and London-base brokerage Private Finance’s technical director, Chris Sykes to discuss what has been going on. Over the last two weeks, more than 1,000 mortgage products have been pulled from the...
Has personalised indexing arrived in the UK?
June 02, 2023 10:00 - 20 minutes - 229 MBDirect indexing - where an investor builds a personalised index which is then tracked by a fund or portfolio - has been growing in the US for a couple of years, with fund houses like Vanguard and BlackRock investing heavily into it. Now Fundment has launched the first such offering in the UK. FTAdviser deputy editor Damian Fantato is joined by Jonathan Warren, head of innovation at Altus, and Mike Barrett, consulting director at the Lang Cat, to discuss whether this is the start of direct i...
How advisers can integrate AI into their business models
May 26, 2023 09:33 - 42 minutes - 468 MBThis week, FTAdviser reporter Jane Matthews is joined by Financial Technology Research Centre founder Ian McKenna, and Chet Velani, chief executive of EV, to discuss the impact artificial intelligence will have on the financial advice profession. Velani and McKenna outlined some of the potential benefits AI poses for the world of advice and gave examples of things advisers can already be doing to integrate artificial intelligence into their business models. The pair also raised concerns over ...
When investments go wrong
May 22, 2023 09:26 - 35 minutes - 388 MBWhen investment decisions go wrong advisers are often the first port of call as they have the skills to assure people and the knowledge to rebuild their finances. In this podcast we speak to two financial advisers with plenty of experience with this kind of work, who give us an insight into what happens when investments go wrong. Hosted on Acast. See acast.com/privacy for more information.
Consumer duty is a matter of 'unfinished business' for FCA
May 19, 2023 10:00 - 23 minutes - 259 MBThis week FTAdviser deputy news editor Sonia Rach was joined by Alexandra Roberts, head of regulatory policy and compliance at Pimfa, Matthew Connell, director of policy and public affairs at the Chartered Insurance Institute and Andrew Green, head of compliance helpdesk at Threesixty Services to discuss the consumer duty and the impending July 31 deadline. Guests acknowledged some of the key challenges firms are facing ahead of the looming deadline and how they are preparing for it. Given...
How to build resilient portfolios
May 12, 2023 10:00 - 25 minutes - 35.4 MBThe past 12 months have been a perfect storm for those looking to build portfolios for investors, with pretty much every asset class going through some form of turbulance at some point. This week David Thorpe, investment editor at FTAdviser, has a chat with Andrew Bell, chief executive of the Witan investment trust, Andrew Hall, global equity fund manager at Invesco, and Simon Doherty, who runs the model portfolio service at Quilter, about building resilient portfolios. The FTAdviser podca...
Is 'buy now, pay later' a good or bad thing?
May 05, 2023 10:48 - 27 minutes - 38.2 MBBuy now, pay later has surged in popularity in recent years. As of 2022, more than 17 million consumers in the UK have used BNPL services. 54% of millennials have used a BNPL service. This week Ellesheva Kissin, trainee reporter at FTAdviser, talks to Philip Belamant, co-founder of UK BNPL provider Zilch, and Matt Cross of Elmstone Financial Planning, about why more customers are turning to BNPL during the cost of living crisis and how regulators will react. They also cover the stigma agai...
How to engage with companies to reach net zero
May 03, 2023 10:30 - 22 minutes - 31.1 MBWith advisers having direct relationships with their clients, IFAs are seen as playing a key role in checking how fund managers are influencing companies to meet their net-zero targets. And as the demand for ESG strategies grow, the approach companies are employing to reach net zero has become even more important. On this latest podcast, FTAdviser deputy features editor Ima Jackson-Obot is joined by Carol Storey, climate engagement lead at Schroders and Ita McMahon, partner in the investmen...
What’s going on in the first time buyer market?
April 28, 2023 10:00 - 31 minutes - 345 MBThis week FTAdviser reporter Jane Matthews is joined by Will Rice, chief executive of specialist mortgage lender Gen H and Lewis Shaw, owner of Riverside Mortgages, who explain what innovation is currently taking place in the first-time buyer market and outline their views on where they think the market is heading. Both guests acknowledge that one of the main issues for first-time buyers trying to buy a home these days is that while often they have the income to afford it, they do not have ...
"It is all about portfolios, it is not about products"
April 21, 2023 11:39 - 33 minutes - 364 MBNick Hutton, head of Blackrock's UK client business for retail iShares and wealth, joins Sally Hickey, chief reporter at FTAdviser, to speak about consolidation of wealth managers, passive investing and UK equities. Hutton covers the role passive funds should be playing in a portfolio, whether exchange-traded funds are less popular among UK clients and why, and the fiduciary duty asset managers have for their clients. He also speaks about the outlook for UK equities. Hosted on Acast. See...
Retirement income is changing
April 17, 2023 08:00 - 26 minutes - 288 MBPeople’s retirement journeys are changing amid high inflation, higher interest rates, and a chancellor keen on getting more people back into work. In this episode of the FTAdviser In Focus podcast we chat to Paul Clifton from Arbuthnot Latham, and Alexander McGregor from SimplyBiz, about why annuities may make a comeback. Hosted on Acast. See acast.com/privacy for more information.
What got FTAdviser excited in Q1?
April 14, 2023 10:00 - 18 minutes - 205 MBOnce a quarter, FTAdviser journalists talk about some of the most interesting stories they have worked on and what the implications of such breaking news might be for the readers. In this episode, we discuss the Budget, the backtracking over the state pension age rise, inflation, central bank policies and the incoming consumer duty regulations. Joining editor Simoney Kyriakou on this podcast are Amy Austin, news editor, and David Thorpe, investment editor and contributing editor for Asset All...
CPD: Running an efficient retirement advice business
April 05, 2023 07:13 - 25 minutes - 283 MBRetirement income is a complex area to advise on, as clients have different ideas of what they want from their retirement. In this CPD podcast, in partnership with 7IM, we discuss how advisers can navigate the important area of retirement planning, what solutions are out there for them to streamline their business, and the role providers are playing to help advisers be the most efficient they can be. Hosted on Acast. See acast.com/privacy for more information.
The Consumer Duty Alliance and what it means for advisers
March 31, 2023 10:00 - 32 minutes - 361 MBAmy Austin, news editor at FTAdviser speaks to Keith Richards, CEO of the Consumer Duty Alliance, Ian McKenna, chair of the CDA Tech Forum and Russell Facer, early Affiliate of the Alliance about how the new body will help advisers. Hosted on Acast. See acast.com/privacy for more information.
Tax planning after Spring Budget
March 27, 2023 08:28 - 24 minutes - 265 MBEarlier this month chancellor Jeremy Hunt unveiled his Spring Budget, containing a number of tax measures particularly in the pension space. In this episode of the FTAdviser In Focus podcast Nimesh Shah, CEO of Blick Rothenberg and Richard Stanley, partner at UHY Hacker Young, discuss what the statement will mean for advisers' tax planning. Hosted on Acast. See acast.com/privacy for more information.
Outlook and opportunities for fixed income investors
March 24, 2023 11:00 - 26 minutes - 296 MBThis edition of the FTAdviser podcast examines the outlook and opportunities for investors in fixed income markets. Joining FTAdviser investment editor David Thorpe are Torcail Stewart, Strategic Bond fund manager at Baillie Gifford; Nathan Sweeney, deputy chief investment officer for multi-asset at Marlborough, and Tom Beckett, from the chief investment officer’s office at Canaccord Genuity. Hosted on Acast. See acast.com/privacy for more information.
When is the right time to invest in private assets?
March 22, 2023 11:00 - 21 minutes - 241 MBIt is becoming increasingly easier for retail investors to access private assets as a result of evolving technology and regulation. So what do advisers need to understand about private assets investing? On this latest podcast, FTAdviser deputy features editor Ima Jackson-Obot is joined by Simon Doherty, head of MPS at Quilter Cheviot and Tim Boole, head of product management at Schroders to talk about the role private assets play in a portfolio and the type of investor they are suitable for....
Budget pension shocks means 'admin headache' for IFAs
March 17, 2023 11:00 - 22 minutes - 243 MBChancellor Jeremy Hunt has given advisers an 'admin headache' by pulling a few pension surprises out of his hat in the 2023 Budget, guests tell FTAdviser news editor Amy Austin. On this latest podcast, Claire Trott, divisional director for retirement and holistic planning for St James's Place, and Tim Morris, IFA with Russell & Co, talk through the latest Budget changes and what these mean for financial advisers. Hosted on Acast. See acast.com/privacy for more information.
'Govt must continue VCT and EIS work'
March 12, 2023 08:00 - 30 minutes - 42 MBIn this episode of the FTAdviser In Focus podcast we look at the role of VCTs and EISs in today's retail investment landscape. The government has previously announced, though not yet confirmed, an extension to the tax rules governing the investments. Honouring that pledge is vital, according to our guests Sarah Barber, Kerry Baldwin and Jack Rose. Hosted on Acast. See acast.com/privacy for more information.
Risk and reward: Closing the wealth gap
March 08, 2023 11:00 - 22 minutes - 247 MBThis latest podcast by FTAdviser, in recognition of International Women's Day, aims to consider the way that women perceive investment risk and reward, and whether the traditional language employed and methods used by advisers and wealth managers works for women or whether there are some adaptations needed. On this podcast, hosted by editor Simoney Kyriakou, guests Louis Williams, head of psychology and behavioural insights at Dynamic Planner, and Sarah Ruggins, head of multi-asset research a...
Investors should get ready for a post-recession bull run
March 03, 2023 10:36 - 28 minutes - 318 MBAfter a year of volatility, rising inflation and predictions of recessions, many investors are starting to feel more optimistic as inflation slows down. But what does this mean for investors? This week FTAdviser reporter Sally Hickey is joined by Ed Smith, co-chief investment officer at Rathbones, and Richard Clode, portfolio manager at Janus Henderson, to discuss the outlook. The FTAdviser Podcast is the podcast for financial advisers, brought to you by FTAdviser. Each week, FTAdviser is ...
What IFAs can expect from FCA’s retirement advice review
February 24, 2023 11:00 - 22 minutes - 246 MBLast month the Financial Conduct Authority announced it would be carrying out a thematic review into retirement income advice. The regulator said that, given the wider range of retirement options available, it is "vital" consumers get good advice at the point they first access their pension savings and on an ongoing basis. So what should advisers expect from this review? FTAdviser news editor Amy Austin talks to Toby Bentley, a financial adviser at Lathe & Co, and Tom McPhail, director of ...
From sports pro to financial adviser
February 20, 2023 09:00 - 33 minutes - 369 MBThis FTAdviser In Focus podcast discusses the career change from sports to financial advice. Sports careers typically take off early in life and don’t last a full working life, so it makes sense that sports stars are having to look for second careers. But why advice? What skills do they bring to the table and how can the industry attract more of them? We speak to ex footballer Tommie Hoban and rugby players Dave Lewis and Will Harries. Hosted on Acast. See acast.com/privacy for more informa...
Investment case for FAANG stocks needs to be reconsidered
February 17, 2023 11:00 - 24 minutes - 266 MBThe past year has been a difficult one for tech stocks, and that includes the biggest tech stocks of all: the so-called FAANGs (Facebook, Amazon, Apple, Netflix and Google). This week FTAdviser's David Thorpe is joined by Mark Hatwin, who runs the Gam Star Disruptive Growth fund, Richard Saldanha, who runs the Aviva Investors Global Equity Income fund, and David Coombs, head of multi-asset at Rathbones, to find out what the outlook is for tech stocks. The FTAdviser Podcast is the podcast f...
What does the next generation of advisers expect from the profession?
February 13, 2023 09:00 - 25 minutes - 282 MBIn this episode of the FTAdviser In Focus podcast we discuss what the next generation of advisers expects from a career in financial advice, how were they introduced to advice, and what they look for in an employer. Adviser trainees Lauren Turner, Ben Mitson and Carl Naudo share their ideas. Hosted on Acast. See acast.com/privacy for more information.
What will simplified advice mean for the profession?
February 10, 2023 11:58 - 33 minutes - 46.3 MBThe FCA has set out proposals for simplified advice to make it cheaper and easier for firms to advise consumers about certain mainstream investments within stocks and shares Isas. But will these proposals work, and which firms are likely to offer simplified advice? This week FTAdviser news editor Amy Austin is joined by Prakash Chandramohan, strategic policy director at Tisa, Heather Hopkins, managing director of NextWealth, and Chet Velani, managing director of EV, to find out. They disc...
What will the Edinburgh reforms mean for advisers?
February 03, 2023 11:00 - 22 minutes - 246 MBIn December, the chancellor Jeremy Hunt took a trip to Scotland and announced plans to cut or change swathes of financial services regulation as part of the so-called "Edinburgh reforms". He put forward a list of 30 reforms - including some of the rules created after the 2008 financial crisis such as the senior managers regime and ring fencing - in a move Hunt said would allow the UK to "seize its Brexit freedoms". So what will these reforms mean for financial advisers? This week FTAdviser...
What is likely to drive equity returns in 2023?
January 27, 2023 11:00 - 25 minutes - 277 MBMost equity markets enjoyed a torrid 2022 but there are now signed inflation is peaking and most of the bad news may well be priced in. So what could 2023 have in store? This week FTAdviser's David Thorpe is joined by Alex Illingworth, who runs the Artemis Global Select fund, Wayne Berry, investment director at RBC Brewin Dolphin, and Stephen Anness, head of global equities at Invesco, to find out. They discuss what investors can learn from the turbulence on 2022, how to achieve diversific...
Can value investing be sustainable?
January 25, 2023 11:00 - 25 minutes - 277 MBValue investing is an investment philosophy whereby the investor buys assets that they believe to be undervalued by the market and thus have the potential to generate returns. Over the last 12 months there has been a shift from growth to value: Surging inflation and commodity prices have been hugely beneficial for legacy companies in the oil and gas, and mining sectors as they have been able to take advantage of the global energy crisis and the switching on of demand post-Covid. An environm...
How to learn from Amazon's model
January 20, 2023 11:00 - 28 minutes - 312 MBBut what happens when the kingpin of big data and clever, tailored marketing to each of its consumers decides to take on financial services? The potential for Amazon to become a shop front for life insurance brokers or wealth managers has become clear in recent years. But while the regulatory niceties will need to be worked out, what do we make of the model that Amazon can offer in becoming a one-stop shop for clients? And what do we make of large entities in regulated financial services att...
Has RDR achieved its aims?
January 16, 2023 08:00 - 25 minutes - 35.4 MBIn this episode of the FTAdviser In Focus podcast we assess the Retail Distribution Review 10 years on. The RDR was implemented on 31.12. 2012, introducing a raft of measures to make the advice market more transparent and professional, in order to inspire consumer confidence and trust. But while professionalism has increased there have also been a fair few scandals. Square Mile's Scott Dakers and Morningstar's Martin Coyle assess whether the RDR has achieved the goals it was designed to achie...
Where do the PFS and CII go from here?
January 13, 2023 11:00 - 31 minutes - 346 MBThe Chartered Insurance Institute's decision to appoint a majority of directors to the Personal Finance Society's board has triggered a chain of events which has led to resignations from the PFS and anger among its members. But the events of the past few weeks have, in many ways, been the result of a chain of events going back several years. This week, FTAdviser's deputy editor Damian Fantato is joined by Sarah Lord, immediate past president of the PFS, and adviser and academic Richard Bis...