A roundup of the top stories on thewealthnet this week...
The Financial Services Compensation Scheme (FSCS) is set to increase its levy yet again, putting more pressure on firms’ bottom lines.
The planned increase was dubbed a “bitter pill to swallow” by financial advice and wealth management trade association PIMFA, especially as businesses were under pressure from the coronavirus pandemic. [Read more]
Brown Shipley has made another senior hire in the form of Elizabeth Weir, who is joining from UBS to head London and international.
Ms Weir will report to Calum Brewster, the incoming head of private banking. [Read more]
Part of a series of articles looking at client recruitment in the age of Covid-19. Today, thewealthnet speaks to Delyth Richards, head of the client solutions group at Kleinwort Hambros. [Read more]
International family office Stonehage Fleming has launched a UK advisory board, with the appointments of Lord Renwick as chairman, along with Natalie Campbell and Anthony Wreford who become board members. [Read more]
Two thirds (68 percent) of older high net worth individuals say their children have been leading the family on sustainable and responsible investment matters.
Barclays Private Bank’s Smarter Succession: The Challenges and Opportunities of Intergenerational Wealth Transfer research, found 11 percent of families said having a positive environmental impact is now a top aim, due to interventions by younger generations. [Read more]
Back in October 2019 Jonathan Bel...